Sensex, Nifty Set To Follow Global Peers Lower

RTTNews | Před 1279 dny

(RTTNews) - Indian shares look set to open lower on Monday, with PSU banks likely to be in focus ahead of a review of large non-performing assets. Global cues remain weak as recession worries mount.

In the absence of any major domestic events, trading this week will be influenced by foreign fund flows, oil price movements and progress of monsoon rains.

The benchmark S&P BSE Sensex plunged 2,943 points or 5.42 percent last week and the broader NSE Nifty index fell by 908 points, or 5.61 percent amid a global sell-off and aggressive selling by FIIs.

Asian stocks were broadly lower this morning despite news that the White House is considering removing some tariffs on China and a possible pause on the federal gas tax to fight inflation.

Fed Chair Jerome Powell will testify to the House on Wednesday and Thursday, with analysts expecting him to reiterate his commitment to fight inflation with aggressive rate hikes if needed.

Federal Reserve Governor Christopher Waller on Saturday said he would support another 75-basis-point rate increase at the central bank's July meeting.

Gold traded flat and the dollar index held near its highest levels in about two decades, while oil prices wobbled after a 6 percent slump in the previous session.

U.S. stocks ended a volatile session mixed on Friday, suffering their biggest weekly percentage decline in two years.

The tech-heavy Nasdaq Composite climbed 1.4 percent and the S&P 500 edged up 0.2 percent as four types of futures and options contracts expired.

The Dow slipped 0.1 percent to close at its lowest level since December 2020 as disappointing reports on industrial production and leading economic indicators added to signs of economic slowdown.

European stocks also ended mixed on Friday after data showed Eurozone inflation accelerated to a fresh record high in May.

The pan European Stoxx 600 ended little changed with a positive bias. The German DAX rose 0.7 percent, while France's CAC 40 index finished marginally lower and the U.K.'s FTSE 100 dipped 0.4 percent.

Canadian Dollar Falls Against Most Majors

The Canadian dollar dropped against its most major counterparts in the New York session on Friday.

RTTNews | Před 13 h 11 min

Swiss Market Ends Modestly Higher As Stocks Rise In The Final Hour

After some positive moments till about an hour after the opening bell Friday morning, and a subsequent long spell in negative territory, the Swiss market climbed higher in the final hour to close on a firm note.

RTTNews | Před 21 h 5 min

European Markets Close Higher As Stocks Recover After Cautious Start

European stocks closed higher on Friday, and several markets in the region climbed to fresh highs, with investors reacting to the interest rate decisions by major central banks. Expectations of more monetary easing by the Federal Reserve contributed as well to the positive mood in the markets.

RTTNews | Před 21 h 30 min

TSX Climbs To New Record High As Technology, Materials Stocks Rise

After opening on a firm note, Canadian stocks gained further ground in positive territory Friday morning with several counters in materials, technology and healthcare sectors attracting strong buying interest.

RTTNews | Před 22 h 17 min

U.S. Consumer Sentiment Rebounds Less Than Previously Estimated In December

Consumer sentiment in the U.S. rebounded by less than previously estimates in the month of December, according to revised data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index for December was downwardly revised to 52.9 from a preliminary reading of 53.3. Economists had expected the index to be upwardly revised to 53.4.

RTTNews | Před 23 h 40 min

U.S. Existing Home Sales Rise Less Than Expected In November

Existing home sales in the U.S. saw a modest increase in the month of November, the National Association of Realtors revealed in a report released on Friday. NAR said existing home sales rose by 0.5 percent to an annual rate of 4.13 million in November after jumping by 1.5 percent to an upwardly revised rate of 4.10 million in October.

RTTNews | Před 23 h 51 min

Russia Cuts Key Rate By 50 Bps As Expected

Russia's central bank cut its interest rate by 50 basis points on Friday but reiterated that it will maintain policy tight to bring inflation back to the target. The Board of Directors, led by Governor Elvira Nabiullina, decided to cut the key rate to 16.00 percent from 16.50 percent. The decision matched market expectations. The bank has lowered the interest rate by 400 basis points since Jun

RTTNews | Před 1 dnem

Bay Street May Open Slightly Higher

The Canadian market, which snapped a four-day losing streak on Thursday, looks headed for a positive start Friday morning. Canadian retail sales data, and U.S. PCE reading are likely to make an impact.

RTTNews | Před 1 dnem

EURUSD	1.17054	GBPUSD	1.3377	AUDUSD	0.661
USDJPY	157.739	USDCAD	1.38	USDCHF	0.7953