Sensex, Nifty Seen Up On Easing Rate Concerns; IT Earnings In Focus

RTTNews | Před 833 dny
Sensex, Nifty Seen Up On Easing Rate Concerns; IT Earnings In Focus

(RTTNews) - Indian shares look set to open higher on Thursday, as signs of slowing U.S. inflation bolstered hopes that the Federal Reserve would end its interest rate hikes soon.

Investors remain hopeful that there's no reason for the Fed to raise rates again after this month's expected hike.

Overall gains, however, may remain capped after TCS and HCL Technologies delivered muted June quarter earnings and macroeconomic data painted a mixed picture of the domestic economy.

India's consumer price inflation rose more-than-expected in June from the previous month's 25-month low, while industrial production expanded at an accelerated pace in May, separate data from the National Statistical Office revealed.

Retail inflation climbed to a three-month high of 4.81 percent year-over-year in June, faster than the revised 4.31 percent rise in May. Annual industrial production growth improved to 5.2 percent in May from 4.5 percent in April.

Benchmark indexes Sensex and Nifty fluctuated before ending down around 0.3 percent each on Wednesday ahead of key earnings and macroeconomic data releases.

Asian markets traded higher this morning on optimism about inflation and China ending its crackdown on the tech industry.

The dollar index and Treasury yields extended overnight declines while oil and gold held gains.

U.S. stocks rose overnight, Treasury yields fell to a two-week low and the dollar plummeted to its lowest since April 2022, as investors cheered lowest inflation reading in over two years.

Data showed U.S. consumer price inflation rose 3 percent in June, marking their smallest year-on-year increase since March 2021, after 4 percent growth in May. Core inflation also moderated from 5.3 percent from 4.8 percent, easing pressure on the Fed to keep raising interest rates.

The tech-heavy Nasdaq Composite and the S&P 500 gained 1.2 percent and 0.7 percent, respectively to hit their best closing levels in over a year while the Dow edged up 0.3 percent.

European stocks rose sharply on Wednesday as investors reacted to the cooler-than-expected U.S. inflation reading and the Bank of England's stress test results showing the U.K.'s big lenders would continue to be resilient.

The pan European STOXX 600 surged 1.5 percent to close higher for the fourth straight session. The German DAX rallied 1.5 percent, France's CAC 40 climbed 1.6 percent and the U.K.'s FTSE 100 surged 1.8 percent.

read more
Bay Street Likely To Open Higher On Firm Oil, Metal Prices

Bay Street Likely To Open Higher On Firm Oil, Metal Prices

Higher crude oil and metal prices point to a firm start for the Canadian market on Thursday. Investors are also expecting that the upcoming Canadian budget will contain some huge funding in major initiatives.
RTTNews | Před 23 minutami
Turkey Central Bank Cuts Key Rates By 100 Bps As Expected

Turkey Central Bank Cuts Key Rates By 100 Bps As Expected

Turkey's central bank reduced the pace of interest rate cuts on Thursday as inflation accelerated due to higher food prices. The Monetary Policy Committee of the Central Bank of the Republic of Turkey, headed by Yasar Fatih Karahan, decided to reduce the policy rate by 100 basis points to 39.50 percent from 40.50 percent.
RTTNews | Před 42 minutami
French Manufacturing Sentiment Strengthens Unexpectedly

French Manufacturing Sentiment Strengthens Unexpectedly

French manufacturing confidence strengthened unexpectedly in October to the highest level in more than a year, data from the statistical office INSEE showed on Thursday. The manufacturing confidence index rose to 100.7 in October from 96.7 in September, while the reading was forecast to drop to 96.0. Moreover, the score was the highest since March 2024.
RTTNews | Před 2 h 14 min
CAC 40 Hovers Near Record High; Kering Soars Over 10%

CAC 40 Hovers Near Record High; Kering Soars Over 10%

France's CAC 40 is hovering near its record high on Thursday with investors largely reacting to corporate earnings announcements, and data showing an improvement in industry confidence in France in the month of October.
RTTNews | Před 2 h 23 min
Sensex, Nifty Give Up Sharp Early Gains

Sensex, Nifty Give Up Sharp Early Gains

Indian shares closed higher on Thursday after reports suggested that India and the United States are close to finalizing a long-awaited bilateral trade deal that could sharply lower tariffs on Indian exports to about 15-16 percent from the current average of 50 percent.
RTTNews | Před 2 h 55 min
DAX Drifts Lower As Investors React To Results, Geopolitical News

DAX Drifts Lower As Investors React To Results, Geopolitical News

The German market is showing weakness on Thursday, as investors remain cautious, reacting to a slew of earnings announcements, and continuing to watch the developments on U.S.-China trade front, as well as news from the geopolitical front.
RTTNews | Před 3 h 13 min
European Shares Mixed Amid Earnings Deluge

European Shares Mixed Amid Earnings Deluge

European shares were mixed on Thursday as investors digested a wave of corporate earnings and watched trade developments between the United States and China. Meanwhile, EU countries today formally adopted a 19th package of sanctions against Russia for its war against Ukraine that includes a ban on Russian liquefied natural gas imports.
RTTNews | Před 4 h 7 min