Sensex, Nifty Set To Fall As Oil Prices Climb

RTTNews | vor 1059 Tagen

(RTTNews) - Indian shares look set to open lower on Tuesday, a day after key benchmark indexes tested one-week highs amid receding fears of a full-point Fed rate hike.

Inflation concerns are back on investors' radar after oil prices surged more than 5 percent on Monday, helped by a plunging dollar and signs of tight supplies.

Telecom stocks could be in focus today as the race for 5G spectrum auction heats up with Jio submitting earnest money of ?14,000 crore to DoT.

Benchmark indexes Sensex and the Nifty both jumped around 1.4 percent on Monday while the rupee touched the psychological level of 80 per dollar before closing at 79.98.

Asian markets were broadly lower this morning, though Japanese shares rallied as trading resumed after a long holiday weekend.

Gold prices were subdued and the dollar hovered just above a one-week low hit overnight, while oil took a breather in Asian trading.

U.S. stocks reversed course to end firmly in the red overnight, as a measure of homebuilder confidence plunged in July and reports emerged that Apple plans to slow hiring and spending growth ahead of a potential recession.

The Dow ended 0.7 percent lower, while the tech-heavy Nasdaq Composite and the S&P 500 both shed around 0.8 percent.

European stocks ended well off their day's highs on Monday after Russia's Gazprom told European buyers it cannot guarantee gas supplies because of "extraordinary" circumstances.

The pan European Stoxx 600 climbed 0.9 percent. The German DAX rose 0.7 percent, while France's CAC 40 index and the U.K.'s FTSE 100 both gained around 0.9 percent.

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.

RTTNews | vor 1Std 40 Minuten

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.

RTTNews | vor 4Std 28 Minuten

U.S. Weekly Jobless Claims Unexpectedly Unchanged At Eight-Month High

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th. The report said initial jobless claims in at 248,000, unchanged from the previous week's revised level. Economists had expected jobless claims to dip to 240,000 from the 247,000 originally reported for the previous week.

RTTNews | vor 4Std 31 Minuten

Bay Street Likely To Open On Negative Note

Canadian shares are likely to open with a negative bias on Thursday as trade concerns, and Middle East tensions may weigh on sentiment. A lack of specifics in the framework agreed to by U.S. and Chinese officials on Tuesday has raised uncertainty about the two nations reaching an agreement anytime soon.

RTTNews | vor 5Std 14 Minuten

U.S. Producer Prices Inch Up Less Than Expected In May

RTTNews | vor 5Std 40 Minuten

U.S. Weekly Jobless Claims Unchanged At 248,000

The Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits came in flat in the week ended June 7th.

RTTNews | vor 5Std 46 Minuten

Boeing Shares Hit After 787-8 Dreamliner With 242 Onboard Crashes In India

Boeing Co. shares are currently down around 8 percent in the pre-market activity on the NYSE after an Air India aircraft headed to London with 242 people onboard crashed immediately after take-off in the Indian city of Ahmedabad. The plane, a Boeing 787-8 Dreamliner headed to Gatwick Airport in the UK, crashed in a civilian area near the Sardar Vallabhbhai Patel International Airport.

RTTNews | vor 5Std 59 Minuten

FTSE 100 Recovers After Weak Start, Up Marginally

After opening on a negative note amid trade tensions and data showing a contraction in the nation's GDP growth in April, U.K. stocks recovered some lost ground on Thursday. Still, amid uncertainty about China and the U.S. agreeing on a concrete trade deal anytime soon, and lingering concerns about the European Union finalizing a trade deal before the July 8 deadline, the mood in the market remain

RTTNews | vor 6Std 10 Minuten

EURUSD	1.15772	GBPUSD	1.35937	AUDUSD	0.65282
USDJPY	143.515	USDCAD	1.36005	USDCHF	0.81139

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Sensex, Nifty Set To Fall As Oil Prices Climb