Sensex, Nifty Set To Follow Global Peers Higher As US Inflation Cools

RTTNews | il y a 222

(RTTNews) - Indian shares look set to follow global peers higher on Thursday as investors react to lower-than-expected U.S. core inflation data for December and strong earnings reports from major U.S. banks.

That said, concerns over rising oil prices, signs of slowing corporate earnings growth, continued foreign fund outflows and uncertainty around U.S. President-elect Trump's tariff threats may lead to volatility as the session progresses.

Benchmark indexes Sensex and Nifty eked out modest gains on Wednesday while the rupee gained 28 paise to close at 86.36 against the dollar after falling for five consecutive days. That marked the biggest single-day gain since June 3, 2024 for the Indian currency.

Asian markets followed Wall Street higher this morning as soft U.S. producer price and consumer inflation readings kept alive the prospect of Federal Reserve rate cuts this year.

Treasuries and the dollar were little changed after several Fed officials expressed confidence that U.S. inflation would continue to ebb.

Gold held steady near $2,700 per ounce while oil prices were mixed after climbing more than 2 percent on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia.

U.S. stocks rallied overnight, the dollar dipped, and bond yields fell as investors cheered a soft inflation print and upbeat earnings from the likes of JPMorgan Chase, BlackRock, Goldman Sachs and Citigroup.

Data showed the consumer price index (CPI) rose in line with expectations at an annual rate of 2.9 percent in December, from November's 2.7 percent - matching expectations.

The annual rate of core consumer price growth unexpectedly slowed to 3.2 percent from 3.3 percent, raising expectations that the Federal Reserve could ease rates further.

The tech-heavy Nasdaq Composite soared 2.5 percent, the Dow climbed 1.7 percent and the S&P 500 surged 1.8 percent - logging their largest daily percentage gains in over two months.

European stocks rose sharply on Wednesday after the release of encouraging consumer price inflation data from the U.K. and the U.S.

The pan-European STOXX 600 gained 1.3 percent, snapping a three-day losing streak and clocking its best performance since August 2024.

The German DAX rallied 1.5 percent, France's CAC 40 added 0.7 percent and the U.K.'s FTSE 100 rose 1.2 percent.

Singapore Stock Market Tipped To Open In The Red

The Singapore stock market has climbed higher in five straight sessions, improving almost 70 points or 1.6 percent along the way. The Straits Times Index now sits just above the 4,255-point plateau although investors may lock in gains 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 | il y a 25 minutes

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in three straight sessions, collecting almost 15 points or 0.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,600-point plateau although it's likely to open to the downside 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 | il y a 55 minutes

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral 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. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | il y a 1h 10min

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation 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 | il y a 1h 26min