Sensex, Nifty Set For Muted Start

RTTNews | Před 246 dny

(RTTNews) - Indian shares are seen opening on a muted note Friday following a lackluster session on Wall Street overnight and mixed cues from other Asian markets this morning.

As 2024 draws to a close, the focus is now on the Federal Reserve's interest rate decisions in 2025 and potential shifts in tariff policies from U.S. President-elect Donald Trump.

Closer home, the Indian economy is likely to grow at around 6.5 percent in fiscal year 2024-25, closer to the lower end of its 6.5-7 percent projection, the Finance Ministry said in its November monthly economic report.

Another report from RBI revealed that banks' profitability rose for the sixth consecutive year in 2023-24 and their gross bad debts or NPAs declined to a 13-year low of 2.7 percent.

Benchmark indexes Sensex and Nifty moved in a tight range before ending narrowly mixed Thursday as trading resumed after a holiday for Christmas.

The rupee fell by 12 paise to close at a record low of 85.27 per dollar due to elevated dollar index levels and continued selling by foreign investors amid global economic uncertainties.

Foreign institutional investors (FII) sold shares worth Rs 2,376.67 crore on Thursday while domestic financial institutions remained net buyers to the extent of Rs 3,336.16 crore, according to the provisional data available on the NSE.

Asian stocks traded mixed this morning, with Japanese markets leading regional gains amid fresh weakness in the yen.

The dollar index was up slightly in Asian trade while oil and prices were little changed.

U.S. stocks ended mixed overnight as trading resumed following the Christmas holiday.

Retail sales came in above forecasts during a shorter holiday season while the number of jobless claims fell unexpectedly in the week ending Dec. 21, though continuing claims surged to a three-year high, separate set of data showed.

The Dow edged ended flat with a positive bias while the tech-heavy Nasdaq Composite and the S&P 500 both finished marginally lower.

Major European markets were closed on Thursday in observance of Boxing Day.

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 1 h 48 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 3 h 7 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 5 h 21 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 5 h 57 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 6 h 26 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 9 h 11 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 9 h 29 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 10 h 13 min

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