Sensex, Nifty Seen Flat To Higher At Open

RTTNews | vor 729 Tagen

(RTTNews) - Indian shares may open a tad higher on Thursday after a sell-off in the previous session.

Markets may see sideways movement as the dollar surged and U.S. Treasury yields hit their highest in nearly nine months on worries about U.S. fiscal position and after the release of strong ADP private sector employment data.

Online gaming and casino stocks may see increased activity after the GST Council decided to go ahead with the levy of 28 percent GST on the face value of chips bought at casinos and the bet amount for online games.

Benchmark indexes Sensex and Nifty fell around 1 percent each on Wednesday while the rupee dropped 33 paise to close at a nearly one-month low of Rs. 82.59 per dollar.

Asian stocks traded mostly lower, adding to steep losses in the previous session.

Gold held near three-week lows while oil prices were up slightly after settling down about 2 percent in the U.S. trading session overnight.

Investors await Apple Inc. earnings due later today, with the iPhone maker expected to report its third consecutive year-over-year revenue decline. Amazon will also unveil its quarterly earnings later in the day.

U.S. stocks and bonds suffered a wave of selling overnight after a surprise downgrade of the country's debt rating by Fitch, citing fiscal deterioration and repeated debt ceiling standoffs.

Also, data showed U.S. private sector employment jumped by much more than expected in July, reviving Fed rate hike bets.

The tech-heavy Nasdaq Composite plunged 2.2 percent while the Dow lost 1 percent and the S&P 500 gave up 1.4 percent.

European stocks also closed sharply lower on Wednesday amid worries about slowing global growth and the mounting cost to finance U.S. debt as interest rates rise.

The German DAX and the U.K.'s FTSE 100 both fell around 1.4 percent while France's CAC 40 shed 1.3 percent.

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.

RTTNews | vor 42 Minuten

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | vor 44 Minuten

Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

RTTNews | vor 6Std 40 Minuten

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | vor 8Std 31 Minuten

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | vor 9Std 1 Minuten

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | vor 11Std 50 Minuten

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | vor 12Std 33 Minuten

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | vor 12Std 40 Minuten

EURUSD	1.1413	GBPUSD	1.31966	AUDUSD	0.64296
USDJPY	150.793	USDCAD	1.38545	USDCHF	0.81378

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Sensex, Nifty Seen Flat To Higher At Open