Sensex, Nifty Seen Slightly Higher At Open

RTTNews | 3 dias atrás

(RTTNews) - Indian shares look set to open slightly higher on Monday after six straight weeks of losses for key benchmark indexes Sensex and Nifty.

The Standing Committee on External Affairs, headed by Congress MP Shashi Tharoor, will be briefed today on the latest developments in India's foreign policy.

The External Affairs Ministry is expected to tell the Parliamentary Committee that the imposition of additional tariffs by Trump is a result of 'flawed assumptions' and that India remains 'committed to engaging constructively' through 'dialogue and mutual respect'.

Asian stocks were mostly higher this morning, with Japanese markets closed for a holiday. Focus remains on upcoming Chinese retail sales and industrial output data after consumer and producer price data at the weekend underscored the impact of sluggish domestic demand and persistent trade uncertainty on consumer and business sentiment.

A U.S. tariff deadline on China is due to expire on Tuesday amid expectations it will get extended again.

The dollar index was steady after slipping nearly half a percent last week. U.S. CPI data will be released on Tuesday, with analysts expecting the core inflation to rise at an annual pace of 3.0 percent, well above the Federal Reserve target of 2 percent. Crude oil prices traded lower ahead of U.S. President Trump's scheduled meeting with Russian President Vladimir V. Putin later in this week, with investors pinning hopes for a ceasefire in Ukraine that could result in more supply.

Gold declined as traders await more clarity on U.S. tariff policy on Swiss gold. U.S. stocks rose on Friday, adding to the week's strong performance, amid easing concerns about tariffs and the economic outlook.

President Trump warned U.S. courts against striking down his tariff policy and said the duties will have a "huge positive impact" on the market.

The tech-heavy Nasdaq Composite climbed 1 percent to reach a new record closing high for a second day after Apple committed to invest an additional $100 billion in U.S. manufacturing. The S&P 500 gained 0.8 percent and the Dow added half a percent.

European stocks ended mixed on Friday, with defense stocks underperforming following reports that U.S. and Russian officials are working on a deal to stop the war in Ukraine.

The pan European STOXX 600 edged up by 0.2 percent. The German DAX and the U.K.'s FTSE 100 both finished marginally lower while France's CAC 40 rose 0.4 percent.

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

RTTNews | 31 minutos atrás

Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.

RTTNews | 47 minutos atrás

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | 3h 14min atrás

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | 3h 47min atrás

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | 4h 28min atrás

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | 4h 59min atrás

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | 5h 3min atrás

U.S. Producer Prices Jump Much More Than Expected In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday.

RTTNews | 5h 13min atrás

EURUSD	1.16373	GBPUSD	1.3531	AUDUSD	0.64918
USDJPY	147.836	USDCAD	1.38126	USDCHF	0.80859