Sensex, Nifty Seen Opening Flat On Muted Global Cues

RTTNews | vor 747 Tagen
Sensex, Nifty Seen Opening Flat On Muted Global Cues

(RTTNews) - Indian shares may open a tad lower on Monday, tracking weak cues from global markets. The latest batch of corporate earnings, RBI's interest-rate decision and the release of industrial output data may attract investor attention as the week progresses.

Adani Ports, BEML, Biocon, Coal India, DLF, Grasim Industries, Hindalco, IRCTC, NHPC, NMDC, Oil India, ONGC, Tata Chemicals and Zee Entertainment Enterprises are among the top companies due to unveil their quarterly earnings this week.

Asian markets were mostly lower this morning as investors looked ahead to the release of U.S. inflation data as well as China's inflation and trade figures this week for direction.

Meanwhile, a mixed U.S. jobs report kept investors guessing on the Fed policy outlook, with some economists favoring a September pause.

The dollar was on the back foot in Asian trading while oil and gold prices were little changed.

U.S. stocks fluctuated before ending lower on Friday as Apple reported another quarter of declining revenue and U.S. jobs growth came in weaker than forecast in July.

Data showed non-farm payroll employment rose by 187,000 jobs in July while economists had expected an increase of 200,000 jobs.

Downward revisions to jobs data in May and June suggested that demand for labour was slowing.

The Dow and the tech-heavy Nasdaq Composite both slid around 0.4 percent while the S&P 500 dropped half a percent.

European stocks ended on a firm note Friday after a three-day sell-off. The pan European STOXX 600 inched up 0.3 percent.

The German DAX edged up 0.4 percent, France's CAC 40 climbed 0.8 percent and the U.K.'s FTSE 100 added half a percent.

read more
U.S. Dollar Drops After Powell's Speech

U.S. Dollar Drops After Powell's Speech

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as Federal Reserve Chair Jerome Powell hinted at a potential rate cut next month.
RTTNews | vor 3Std 51 Minuten
TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

TSX Hits New Record High As Stocks Rally On Fed Rate Cut Hopes

The Canadian market is up firmly in positive territory a little past noon on Friday, with stocks from across several sectors moving higher on strong buying support amid rising hopes of an interest rate cut by the Federal Reserve in September.
RTTNews | vor 9Std 21 Minuten
Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Powell Says Outlook, Shifting Balance Of Risks 'May Warrant' Lower Rates

Federal Reserve Chair Jerome Powell delivered a highly-anticipated speech before the Jackson Hole Economic Symposium on Friday, although he touched only briefly on the outlook for monetary policy. "With policy in restrictive territory, the baseline outlook and the shifting balance of risks may warrant adjusting our policy stance," Powell said.
RTTNews | vor 11Std 30 Minuten
Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Bay Street Likely To Open On Mixed Note; Powell's Speech Eyed

Canadian shares are likely to open on a somewhat mixed note Friday morning with investors awaiting Fed Chair Jerome Powell's speech at Jackson Hole. Lower commodity prices may weigh a bit early on in the session.
RTTNews | vor 14Std 0 Minuten
Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Sensex, Nifty Snap Six-day Winning Streak On Tariff Concerns

Indian shares fell sharply on Friday after a Trump administration official called India the 'Maharaja' of tariffs and ramped up his criticism over the trade ahead of an expected tariff increase on August 27.
RTTNews | vor 15Std 46 Minuten
FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

FTSE 100 Down Slightly; Standard Chartered Shares Up Sharply

U.K. stocks are turning in a mixed performance in cautious trade on Friday, amid a lack of fresh triggers. Investors are awaiting Fed Chair Jerome Powell's speech later in the day at the Jackson Hole Symposium, for clues about U.S. central bank's interest rate move next month.
RTTNews | vor 15Std 52 Minuten
U.S. Dollar Rises Ahead Of Fed's Powell Speech

U.S. Dollar Rises Ahead Of Fed's Powell Speech

The U.S. dollar strengthened against other major currencies in the European session on Friday, as traders expect speech by Fed Chair Jerome Powell at the Jackson Hole Symposium.
RTTNews | vor 15Std 56 Minuten
CAC 40 Up Slightly In Lackluster Trade

CAC 40 Up Slightly In Lackluster Trade

French stocks are mostly subdued on Friday with investors refraining from making significant moves, choosing to wait for key speeches from central bank chiefs at the Jackson Hole Symposium. The focus is on Fed Chair Jerome Powell's speech for clues about interest rate cuts in September.
RTTNews | vor 16Std 14 Minuten