Sensex, Nifty Set To Fall As Oil Prices Jump After Hamas Attack

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(RTTNews) - Indian shares look set to open lower on Monday as stronger-than-expected U.S. jobs data complicated the future path of interest rate rises in the world's biggest economy. The Fed will hold its next policy meeting on Oct. 31-Nov. 1.

A big jump in oil prices may also spook investors after Hamas' surprise attacks on Israel over the weekend.

Both Brent and WTI crude prices were up around 4 percent in Asian trading on concerns that the latest events in Israel could spiral into a more devastating proxy war and lead to oil supply disruptions.

Meanwhile, the week ahead is packed with key macroeconomic data including reports on CPI inflation, WPI inflation and trade balance.

IT bellwether TCS will kickstart the corporate earnings season by announcing its September quarter results on October 11.

Asian markets traded mixed this morning due to ongoing geopolitical tensions in the Middle East. Regional trading volumes remained thin due to holidays in Japan and South Korea.

Trading in Hong Kong has been halted for the morning session after the country raised its typhoon warning to Signal 8 for Typhoon Koinu.

Gold prices rose over 1 percent on safe-haven demand, shrugging off the dollar's strength and the upward spike in Treasury yields.

U.S. stocks rose sharply on Friday after data showed the economy added 336,000 jobs in September compared to estimates for an increase of about 170,000 jobs.

The report also showed notable upward revisions to the July and August job gains, triggering a sharp hike in Treasury yields.

However, yields pulled back well off their highs after wages rose less than expected last month.

The S&P 500 rose 1.2 percent to snap a four-week losing streak, while the Dow gained 0.9 percent and the tech-heavy Nasdaq Composite jumped 1.6 percent.

European stocks closed firmly in positive territory on Friday after suffering a setback around mid-afternoon on concerns about the outlook for U.S. interest rates.

The pan European STOXX 600 advanced 0.8 percent. The German DAX rallied 1.1 percent, France's CAC 40 climbed 0.9 percent and the U.K.'s FTSE 100 added 0.6 percent.

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

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Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

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U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | vor 2Std 5 Minuten

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | vor 2Std 35 Minuten