Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

RTTNews | vor 950 Tagen
Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

(RTTNews) - Indian shares look set to open lower on Thursday, mirroring weak global cues as investors fret over the true scale of infections in China and the possibility of higher interest rates leading to a global recession.

Benchmark indexes Sensex and Nifty ended Wednesday's session marginally lower, snapping a two-day winning streak. The rupee gained 7 paise to close at 82.80 against the dollar.

Asian markets traded mostly lower this morning while gold edged up after having fallen 1 percent on Wednesday, hit by a stronger dollar and higher Treasury yields.

Oil extended overnight losses on concerns over rising COVID cases in China.

U.S. stocks fell sharply overnight, with recession fears and growing concerns around COVID re-emergence weighing on markets heading into 2023.

The tech-heavy Nasdaq Composite lost 1.4 percent to hit a 2022 closing low while the S&P 500 shed 1.2 percent and the Dow declined 1.1 percent.

European stocks closed broadly lower on Wednesday as several countries announced plans to impose entry curbs for those coming from China.

The pan European STOXX 600 slipped 0.1 percent. The German DAX dropped half a percent and France's CAC 40 index gave up 0.6 percent while the U.K.'s FTSE rose 0.3 percent as trading resumed after a long holiday weekend.

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Japan Services PMI Picks Up Steam In July - Jibun

Japan Services PMI Picks Up Steam In July - Jibun

The services sector in Japan continued to expand in July, and at a faster pace, the latest survey from Jibun Bank revealed on Tuesday with a services PMI score of 53.6.
RTTNews | vor 19 Minuten
Taiwan Bourse May Find Traction On Tuesday

Taiwan Bourse May Find Traction On Tuesday

The Taiwan stock market has moved lower in back-to-back sessions, slumping more than 270 points or 1.2 percent along the way. The Taiwan Stock Exchange now sits just beneath the 23,380-point plateau although it may stop the bleeding on Tuesday.
RTTNews | vor 25 Minuten
BoJ Minutes: Japan Economy Continues To Recover

BoJ Minutes: Japan Economy Continues To Recover

Members of the Bank of Japan's Monetary Policy Board felt that the country's economic recovery is continuing at an acceptable pace, minutes from the central bank's June 16-17 monetary policy meeting revealed on Tuesday - although it is starting to show signs of slowing.
RTTNews | vor 53 Minuten
Singapore Shares Poised To Open To The Upside On Tuesday

Singapore Shares Poised To Open To The Upside On Tuesday

The Singapore stock market on Monday halted the six-day losing streak in which it had stumbled almost 120 points or 2.9 percent. The Straits Times Index now sits just beneath the 4,200-point plateau and it may extend its gains on Tuesday.
RTTNews | vor 55 Minuten
Renewed Support Likely For Malaysia Stock Market

Renewed Support Likely For Malaysia Stock Market

The Malaysia stock market has alternated between positive and negative finishes through the last four trading days since the end of the three-day losing streak in which it had fallen more than 15 points or 1 percent. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau although it's likely to bounce higher again on Tuesday.
RTTNews | vor 1Std 25 Minuten
Japan Stock Market May Stop The Bleeding On Tuesday

Japan Stock Market May Stop The Bleeding On Tuesday

The Japan stock market has moved lower in two straight sessions, tumbling almost 780 points or 1.8 percent along the way. The Nikkei 225 now sits just shy of the 40,300-point plateau although it's due for support on Tuesday.
RTTNews | vor 1Std 40 Minuten