Sensex, Nifty Seen Opening Lower On Hawkish Powell's Comments

RTTNews | Před 572 dny

(RTTNews) - Indian shares look set to open on a sluggish note Monday after Federal Reserve Chair Jerome Powell said in an interview on Sunday that policymakers will likely wait beyond March to cut interest rates.

Closer home, the RBI's Monetary policy committee convenes on Thursday, with the central bank expected to keep rates on hold for the sixth time in a row.

SBI shares may fall today after the state-run lender reported Q3 profit that came in below estimates.

Meanwhile, Paytm refuted reports claiming that it may face an investigation from the Enforcement Directorate (ED) on charges of money laundering by Paytm Payments Bank.

Asian markets were broadly lower this morning despite China's securities regulator pledging to stabilize the country's plunging equity markets.

The China Securities Regulatory Commission said it would guide more medium- and long-term funds into the market to prevent abnormal fluctuations.

Elsewhere, former U.S. President Donald Trump said he might impose a tariff on Chinese goods of more than 60 percent if he regains the presidency.

Gold prices dipped, while the dollar strengthened against its major rivals and U.S. Treasuries extended falls after the release of impressive U.S. labor market data.

U.S. stocks rallied Friday on the back of encouraging earnings reports from the likes of Amazon and Meta Platforms as well as robust January employment data.

Data showed the U.S. economy added 353,000 jobs in January, much higher than expectations for an increase of about 180,000 jobs.

Job growth for December was revised higher and the jobless rate came in unchanged at 3.7 percent in January, prompting investors to scale back their expectations for interest-rate cuts this year.

The Dow edged up 0.4 percent and the S&P 500 added 1.1 percent to reach new record closing highs while the tech-heavy Nasdaq Composite jumped 1.7 percent.

European stocks ended mixed Friday on waning rate cut optimism. The pan-European STOXX 600 gave up earlier gains to end on a flat note.

The German DAX rose 0.4 percent and France's CAC 40 edged up marginally while the U.K.'s FTSE 100 ended with a negative bias.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | Před 2 h 57 min

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | Před 4 h 16 min

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | Před 6 h 29 min

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | Před 7 h 6 min

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | Před 7 h 34 min

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | Před 10 h 19 min

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | Před 10 h 38 min

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | Před 11 h 21 min

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047