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

RTTNews | hace 936
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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European Shares Set For Subdued Open On Tariff Angst

European Shares Set For Subdued Open On Tariff Angst

European stocks may drift lower at open on Tuesday as investors react to the latest tariff updates and look forward to earnings from several big-name companies this week, including Google parent Alphabet, Tesla, General Motors and Intel.
RTTNews | hace 1h 24min
Sensex, Nifty Pare Early Gains

Sensex, Nifty Pare Early Gains

Indian shares eked out modest gains in cautious trade on Tuesday as investors seek clarity on trade developments ahead of an August 1 deadline for U.S. reciprocal tariffs.
RTTNews | hace 2h 31min
Australian Market Trims Early Gains In Mid-market

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,700 level, with gains in mining and energy stocks nearly offset by weakness in financial and technology stocks.
RTTNews | hace 3h 43min
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Tuesday, following the mixed cues from Wall Street overnight, amid continued uncertainty over U.S. President Donald Trump's reciprocal tariffs on imports from trading partners, though he set a deadline of August 1 to reach deals. Reports suggest that EU leaders are preparing for a showdown over U.S. tariff threats.
RTTNews | hace 3h 46min
Thai Stock Market May Run Out Of Steam On Tuesday

Thai Stock Market May Run Out Of Steam On Tuesday

The Thai stock market has tracked higher in three straight sessions, advancing more than 50 points or 4.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,210-point plateau although investors may lock in gains on Tuesday.
RTTNews | hace 4h 57min
Japanese Market Modestly Higher

Japanese Market Modestly Higher

The Japanese stock market is trading modestly higher on Tuesday, reversing the losses in the previous session, following the mixed cues from Wall Street overnight, with the Nikkei 225 moving above the 39,900 level, with gains across most sectors led by financial and technology stocks.
RTTNews | hace 5h 21min
Profit Taking Expected For Indonesia Bourse

Profit Taking Expected For Indonesia Bourse

The Indonesia stock market has moved higher in 11 straight sessions, gathering more than 530 points or 7.5 percent along the way. The Jakarta Composite Index now sits just beneath the 7,400-point plateau although it's overdue for consolidation on Tuesday.
RTTNews | hace 5h 27min