Sensex, Nifty Set To Open Higher As US Debt Default Worries Ease

RTTNews | hace 859
Sensex, Nifty Set To Open Higher As US Debt Default Worries Ease

(RTTNews) - Indian shares may open higher on Thursday as concerns about the health of U.S. regional banks eased.

Also, after another round of talks between U.S. President Joe Biden and congressional leaders, there are signs that lawmakers would reach a deal soon to raise the federal government's $31.4 trillion debt ceiling and avoid an economically catastrophic default.

Benchmark indexes Sensex and Nifty fell around 0.6 percent each on Wednesday to extend losses for a second consecutive session while the rupee hit a six-week low before recovering to close up 0.2 percent at 82.38 against the dollar.

Asian markets were broadly higher this morning, the dollar held near a seven-week high, U.S. Treasury yields remained elevated, and gold edged up slightly, while oil prices slipped after settling up about $2 a barrel on Wednesday.

U.S. stocks rallied overnight after regional lender Western Alliance Bancorp came out with a filing showing deposit increase and a statement from the White House said President Biden is "optimistic that there is a path to a responsible, bipartisan budget agreement."

The Dow and the S&P 500 both climbed around 1.2 percent while the tech-heavy Nasdaq Composite surged 1.3 percent to reach a nearly nine-month closing high.

European stocks ended broadly lower on Wednesday as investors reacted to hawkish comments from Fed officials and rising concerns over China's recovery.

The pan European STOXX 600 eased 0.2 percent. The German DAX rose 0.3 percent, while France's CAC 40 finished marginally lower and the U.K.'s FTSE 100 shed 0.4 percent.

read more
OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

OECD Warns Full Effects Of High U.S. Tariffs Yet To Be Felt

The Organisation for Economic Co-operation and Development said in a report on Tuesday that the full impact of the massive hike in trade tariffs announced by the U.S. is yet to be felt though early effects are becoming increasingly evident.
RTTNews | hace 58 minutos
TSX Retreats After Sailing Past 30k Mark For First Ever Time

TSX Retreats After Sailing Past 30k Mark For First Ever Time

Canadian benchmark S&P/TSX Composite Index breached the 30k mark for the first ever time, and moved on to a new high Tuesday morning before paring gains and slipping into negative territory, due largely to profit taking.
RTTNews | hace 3h 24min
Swiss Market Ends Marginally Down

Swiss Market Ends Marginally Down

The Switzerland market closed on a weak note on Tuesday after a choppy ride as stocks turned in a mixed performance.
RTTNews | hace 3h 56min
European Stocks Close Broadly Higher

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday with investors digesting the latest batch of regional economic data, and picking up stocks amid expectations of more monetary easing by the Federal Reserve.
RTTNews | hace 4h 17min
Powell Warns There's 'No Risk-Free Path' For Interest Rates

Powell Warns There's 'No Risk-Free Path' For Interest Rates

Following last week's decision to cut interest rates for the first time this year, Federal Reserve Chair Jerome Powell delivered remarks before the 2025 Greater Providence Chamber of Commerce Economic Outlook Luncheon in Warwick, Rhode Island, on Tuesday.
RTTNews | hace 4h 50min
Hungary Holds Rates Steady As Inflation Expected To Remain High

Hungary Holds Rates Steady As Inflation Expected To Remain High

The Hungarian central bank left its interest rates unchanged again, on Tuesday, as policymakers assessed that tight monetary conditions were needed amid forecast that inflation is set to remain beyond the tolerance level in the coming months.
RTTNews | hace 5h 23min
Bay Street Likely To Post New Highs

Bay Street Likely To Post New Highs

Canadian shares are likely to open on a firm note Tuesday morning with higher oil and bullion prices set to trigger buying in energy and materials sectors.
RTTNews | hace 8h 50min
Wall Street Likely To Open Flat

Wall Street Likely To Open Flat

Futures point to a somewhat flat start on Wall Street Tuesday morning. Data on manufacturing and services sector activity in the U.S. in the month of August, due after the opening bell, is likely to provide some direction to the market.
RTTNews | hace 9h 30min