Sensex, Nifty Set To Follow Global Peers Lower

RTTNews | Před 1066 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.

CAC 40 Moderately Lower In Cautious Trade

French stocks are under a bit of pressure on Wednesday amid uncertainty about Ukraine-Russia peace talks, and a lack of positive progress on the trade front. The recent downgrade of U.S. sovereign credit rating by Moody's weigh as well on investor sentiment.

RTTNews | Před 12 minutami

Sensex, Nifty Snap Three-day Losing Streak

Indian shares eked out modest gains on Wednesday, after having suffered heavy losses in the previous session amid rising geopolitical tensions, growing concerns over U.S. debt and a spike in Covid-19 cases in Southeast Asia.

RTTNews | Před 19 minutami

DAX Drifts Lower On Geopolitical Concerns

German stocks are down in negative territory on Wednesday as investors make cautious moves, awaiting fresh news on the trade front. The impasse in Ukraine peace talks and data showing a bigger than expected increase in UK inflation weigh on sentiment.

RTTNews | Před 40 minutami

European Shares Drift Lower With Trump's Tax Bill In Focus

European stocks fell from nine-week highs on Wednesday as investors fretted about the lack of progress on trade deal and closely monitored discussions on the U.S. budget bill and federal deficit.

RTTNews | Před 1 h 27 min

Asian Shares Rise In Cautious Trade; Nikkei Drops On Yen Strength

Asian stocks ended mostly higher on Wednesday, with Japanese markets underperforming as the yen continued to strengthen on BoJ rate hike bets and data showed Japan's export growth continued to decelerate for the second consecutive month.

RTTNews | Před 1 h 53 min

U.S. Dollar Falls Amid Risk-on Mood, Fed Rate Cut Bet

The U.S. dollar weakened against other major currencies in the Asian session on Wednesday amid increased risk-on mood, as some traders are still looking to cash in on the strong upside in the markets seen over the past several weeks. Furthermore, growing market acceptance that the Federal Reserve (Fed) will lower interest rates further this year amid evidence of diminishing inflationary pressure and a dismal growth forecast, also pushed the USD lower.

RTTNews | Před 3 h 1 min

Japan Exports Growth Softens On Higher Trade Tariffs

Japan's exports grew at a slower pace in April largely due to the higher tariffs imposed by the US administration, official data revealed Wednesday. Exports climbed 2.0 percent on a yearly basis in April, slower than the 4.0 percent increase in March, the Ministry of Finance reported. Exports have been rising since last September and the latest growth matched economists' expectations.

RTTNews | Před 4 h 13 min

European Shares May Struggle At Open

European stocks are seen opening little changed on Wednesday, with U.S. fiscal concerns, geopolitical tensions and the Fed outlook likely to be in focus.

RTTNews | Před 5 h 8 min

EURUSD	1.13534	GBPUSD	1.34266	AUDUSD	0.64482
USDJPY	143.522	USDCAD	1.38767	USDCHF	0.82307

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Sensex, Nifty Set To Follow Global Peers Lower