Sensex, Nifty Seen Lower As Bond Yields Jump After Weak US Treasury Auction

RTTNews | vor 579 Tagen

(RTTNews) - Indian shares may open lower on Friday, tracking weak global cues and a jump in Treasury yields after Fed Chair Jerome Powell indicated the Fed will make future monetary policy decisions "meeting by meeting" based on the totality of incoming data and the implications for the outlook for economic activity and inflation.

Investors may also react negatively to RBI governor Shaktikanta Das's comments that retail inflation remains vulnerable to recurring and overlapping food price shocks.

Benchmark indexes Sensex and Nifty ended down around 0.2 percent each on Thursday while the rupee settled 1 paise higher at 83.29 against the dollar.

Asian markets were moving lower this morning on concerns about the outlook for interest rates after two-year Treasury yield crossed 5 percent.

The dollar index held gains, keeping bullion prices on track for their worst week in over a month. Oil prices traded mixed on lingering concerns over waning demand in the U.S. and China.

In the Middle East, Israeli Prime Minister Benjamin Netanyahu said on Thursday his country does not seek to conquer, occupy or govern Gaza after its war against Hamas but a a civilian government would need to take shape in Gaza and Israel would make sure an attack like Oct. 7 does not happen again.

U.S. stocks fell overnight while bond yields rose sharply following a weak sale of 30-year notes and comments Fed Chair Jerome Powell that the U.S. central bank "will not hesitate" to resume raising rates if it becomes appropriate.

Powell said that inflation has slowed over the past year but the process of getting inflation sustainably down to 2 percent has a long way to go.

The Dow dropped 0.7 percent, while the tech-heavy Nasdaq Composite shed 0.9 percent and the S&P 500 gave up 0.8 percent to snap their longest winning streaks in two years.

European stocks closed higher on Thursday as impressive earnings updates outweighed hawkish comments from Fed and ECB officials.

The pan European STOXX 600 gained 0.8 percent. The German DAX climbed 0.8 percent, France's CAC 40 rallied 1.1 percent and the U.K.'s FTSE 100 added 0.7 percent.

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | vor 1Std 40 Minuten

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | vor 1Std 46 Minuten

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | vor 2Std 26 Minuten

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | vor 3Std 51 Minuten

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | vor 4Std 7 Minuten

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | vor 5Std 15 Minuten

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | vor 5Std 51 Minuten

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.

RTTNews | vor 8Std 45 Minuten

EURUSD	1.14246	GBPUSD	1.34954	AUDUSD	0.65225
USDJPY	144.822	USDCAD	1.36701	USDCHF	0.82215

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Sensex, Nifty Seen Lower As Bond Yields Jump After Weak US Treasury Auction