Sensex, Nifty To See Muted Start On Tepid Global Cues

RTTNews | hace 799

(RTTNews) - Indian shares may open lower on Monday, tracking mixed global cues and sharp gains in oil prices last week on hopes of growing Chinese demand.

Defense stocks could be in focus today on expectations that Prime Minister Narendra Modi's upcoming visit to the U.S. this week would result in more cooperation across sectors, including defense and critical technologies.

Benchmark indexes Sensex and Nifty jumped 1.2 percent and 1.4 percent, respectively last week to log record closing highs on data showing falling inflation, improved industrial output and persistent capital inflows.

Asian markets traded mostly lower this morning as investors looked ahead to China's loan prime rate decision on Tuesday along with Fed Chair Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee due later this week for directional cues. The Bank of England's rate decision also remains on investors' radar.

Gold was little changed amid dollar strength on uncertainty over the path of U.S. monetary policy. Inflation in key parts of the U.S. service industry "remains elevated and has not shown signs of easing," the Fed said in its latest monetary policy report to Congress.

Oil prices traded lower in Asian trading after having risen over two percent last week.

U.S. stocks reversed direction to end lower on Friday after recent strong gains.

Economic data brought some cheer, with a measure of consumer sentiment rising in June to the highest level in four months while consumers' near-term inflation expectations dropped to more than a two-year low.

The tech-heavy Nasdaq Composite shed 0.7 percent, the S&P 500 slipped 0.4 percent and the Dow eased 0.3 percent.

European stocks closed higher on Friday, with signs of slowing Eurozone inflation and optimism about further stimulus from China helping underpin sentiment.

The pan European STOXX 600 added half a percent. The German DAX edged up 0.4 percent, France's CAC 40 rallied 1.3 percent and the U.K.'s FTSE 100 inched up 0.2 percent.

U.S. stock markets will be closed today for the Juneteenth holiday.

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market trading on Tuesday, giving up the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 8,950 level, with weakness in iron ore miners and a mixed performance across most other sectors.

RTTNews | hace 50 minutos

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | hace 1h 10min

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | hace 1h 41min

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 2h 22min

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | hace 2h 49min

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 2h 52min

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | hace 3h 7min

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | hace 3h 9min

EURUSD	1.16295	GBPUSD	1.34546	AUDUSD	0.64772
USDJPY	147.766	USDCAD	1.38572	USDCHF	0.80555