Sensex, Nifty Seen Tad Higher As Oil Prices Tumble On Demand Worries

RTTNews | il y a 1003

(RTTNews) - Indian shares look set to open a tad higher on Tuesday, as investors react to mixed global cues, falling oil prices on China demand worries and domestic CPI data released after market close Monday.

India's consumer price inflation slowed to 6.77 percent in October from a five-month high of 7.41 percent in September, official data showed.

This was mainly due to the statistical effect of a high base. Prices were forecast to rise 6.73 percent.

The Reserve Bank of India aims to keep consumer price inflation between 4 percent and 6 percent.

Benchmark indexes Sensex and Nifty ended Monday's session slightly lower while the rupee fell by 48 paise to close at 81.26 against the dollar.

Asian markets traded mixed this morning as Chinese retail sales and industrial data for October missed expectations.

The dollar held firm and gold pinned near a three-month high in the wake of mixed signals from Fed officials on the path of U.S. interest rates, while oil extended steep overnight losses after OPEC cut its 2022 global demand forecast.

U.S. stocks fluctuated before ending firmly in the red overnight, as investors reacted to hawkish comments from Fed Governor Christopher Waller, news of planned job cuts at Amazon and the rapid downfall of the once-popular digital-assets exchange FTX.

The Dow slipped 0.6 percent, the tech-heavy Nasdaq Composite lost 1.1 percent and the S&P 500 shed 0.9 percent despite Fed Vice Chair indicating the central bank should soon moderate the size of its interest-rate increases.

European stocks finished broadly higher on Monday after Beijing unveiled a sweeping rescue package to salvage its real estate market.

The pan European Stoxx 600 inched up 0.1 percent. The German DAX rose 0.6 percent, France's CAC 40 index edged up 0.2 percent and the U.K.'s FTSE 100 gained 0.9 percent.

Canadian Market Remains In Negative Territory After Weak Start

The Canadian market, which opened on a weak note Thursday morning, continues to languish in negative territory well past noon, weighed down by losses in technology and industrials sectors.

RTTNews | il y a 54 minutes

Swiss Market Ends Modestly Higher After Mild Struggle

The Switzerland market recovered after a flat start on Thursday, and after staying positive till well past noon, suffered a setback but regained some strength to eventually end the day's session modestly higher.

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Major European Markets Close On Positive Note

Amid expectations of a rate cut from the Federal Reserve in September, and hopes the meeting between the Presidents of the U.S. and Russia will help end the war in Ukraine, the major European markets closed on a positive note on Thursday, although the U.K. market underperformed other major markets in the region.

RTTNews | il y a 1h 35min

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | il y a 4h 3min

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | il y a 4h 35min

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | il y a 5h 16min

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | il y a 5h 47min

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | il y a 5h 51min

EURUSD	1.16392	GBPUSD	1.35319	AUDUSD	0.64939
USDJPY	147.887	USDCAD	1.3814	USDCHF	0.80858