Sensex, Nifty Seen Higher At Open; Volatility Likely As Dollar And Yields Climb

RTTNews | hace 1135

(RTTNews) - Indian shares are seen opening on a positive note Monday after U.S. stocks notched strong gains Friday on hopes that the aggressive Federal Reserve rate stance might begin to ease.

That said, investors may adopt a cautious approach as the fate of the U.S. House of Representatives remains still uncertain, with Republicans struggling to pull together a slim majority.

The control of the Senate hinges upon the outcome of three states namely Arizona, Nevada, and Georgia.

Closer home, the key data point to watch out for would be CPI data due later in the day, which might show India's retail inflation eased to a five-month low in October from 7.41 percent in September.

Asian markets traded mixed this morning, the dollar strengthened and bond yields resumed their climb, while gold fell from a 2-1/2 month high after Fed Governor Christopher Waller pushed back on dovish rate bets saying that markets got "way out in front" over just one inflation print.

Chinese and Hong Kong stocks were seeing gains and oil extended Friday's rally after financial regulators in China issued a 16-point plan to boost the real estate market. U.S. stocks saw further upside on Friday amid optimism over easing inflation and hopes the Federal Reserve would soon slow its tightening campaign.

The S&P 500 rose 0.9 percent to close out its best week since June and the tech-heavy Nasdaq Composite climbed 1.9 percent to score its biggest weekly gain since March, while the Dow ended flat with a positive bias after steep declines in Merck and UnitedHealth shares.

For the week, the Nasdaq skyrocketed 8.1 percent, the S&P 500 soared 5.9 percent and the Dow jumped 4.2 percent.

European stocks finished broadly higher on Friday as bond yields eased and China loosened some COVID-restrictions.

The pan European STOXX 600 finished marginally higher. The German DAX and France's CAC 40 index both gained around 0.6 percent while the U.K.'s FTSE 100 shed 0.8 percent.

Malaysia Shares May Open To The Upside Again On Tuesday

The Malaysia stock market has moved higher in three straight sessions, advancing almost 30 points or 1.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,670-point plateau and it's expected to open in the green again on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | hace 1h 12min

Japan Stock Market May Add To Its Winnings On Tuesday

The Japanese stock market has finished higher in two consecutive trading days, soaring more than 1,400 points or 2.7 percent along the way. The Nikkei 225 now sits just above the 50,400-point plateau and it may extend its gains on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead. The Nikkei finished sharply higher on Monday following gains from the financial shares, technology stocks and automobile producers. For the day, the index jumped 895.18 points or 1.81 percent to finish at 50,402.39 after trading between 49,982.20 and 50,590.88. Among the actives, Nissan Motor improved 0.75 percent, while Mazda Motor accelerated 4.34 percent, Toyota Motor advanced 0.91 percent, Honda Motor strengthened 1.61 percent, Softbank Group soared 4.09 percent, Mitsubishi UFJ Financial jumped 1.86 percent, Mizuho Financial vaulted 1.40 percent, Mitsubishi Electric rallied 1.74 percent, Panasonic Holdings spiked 3.47 percent and Hitachi expanded 1.89 percent.

RTTNews | hace 1h 27min

Additional Support Called For South Korea Shares

The South Korea stock market has moved higher in two straight sessions, advancing more than 110 points or 2.7 percent along the way. The KOSPI now sits just above the 4,100-point plateau and it may add to its winnings on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | hace 1h 42min