Sensex, Nifty To Open On Cautious Note On Weak Global Cues

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(RTTNews) - Indian shares are seen opening flat to slightly lower on Thursday amidst negative global cues as stronger-than-expected U.S. services sector data fueled concerns that U.S. interest rates may stay higher for longer.

Benchmark indexes Sensex and Nifty finished marginally higher on Wednesday to extend gains for a fourth consecutive session.

The rupee fell by 10 paise to close at a record low of 83.14 against the dollar as the greenback hit a six-month high and crude oil prices neared $90 a barrel.

Asian markets were mostly lower this morning ahead of China's trade figures, due out later in the day.

A buoyant dollar pushed the Japanese yen to a 10-month trough, while oil steadied after the longest winning run in more than four years.

U.S. stocks ended lower overnight as rising oil prices revived inflation fears and Boston Fed President Susan Collins warned that more policy tightening could be warranted.

In economic releases, activity in the U.S. services sector rose unexpectedly in August while the Fed's Beige Book showed economic growth was modest during July and August.

The tech-heavy Nasdaq Composite lost 1.1 percent, the S&P 500 fell 0.7 percent and the Dow dropped 0.6 percent.

European stocks fell for a sixth consecutive session on Wednesday on concerns about elevated inflation and slowing global growth. Weak German factory orders data also weighed.

The pan-European STOXX 600 dropped 0.6 percent to reach its lowest level in over a week.

The German DAX and the U.K.'s FTSE 100 both slipped around 0.2 percent while France's CAC 40 shed 0.8 percent.

Swiss Market Fails To Hold Early Gains, Settle Modestly Lower

The Switzerland market ended modestly lower on Wednesday despite spending much of the day's trading session in positive territory. Although the market gained some ground in positive territory, reacting to news about U.S. and Chinese officials reaching a framework to implement the Geneva consensus following two days of discussions in London, the mood turned cautious later on in the session.

RTTNews | 1घंटे 39 मिनट पहले

European Stocks Pare Early Gains, Close Mostly Lower

Despite U.S. and Chinese officials announcing an agreement in principle on a framework to ease trade disputes, European stocks failed to hold early gains and closed mostly lower on Wednesday, with the mood turning cautious as the plan is subject to approval by the presidents of the two nations.

RTTNews | 1घंटे 58 मिनट पहले

TSX Hits Fresh Record High; Technology, Consumer Discretionary Stocks Shine

The Canadian market is modestly higher a little past noon on Wednesday, after hitting a fresh record high earlier in the session, amid easing Sino-US trade tensions, somewhat tame U.S. consumer price inflation data, and higher crude oil prices.

RTTNews | 3घंटे 7 मिनट पहले

ECB Indicator Shows Eurozone Wage Growth To Slow Sharply To 3.1% This Year

A measure, based on the collective bargaining agreements in the euro area, suggested that negotiated wage growth is set to ease significantly this year, the European Central Bank said on Wednesday, which adds to expectations of inflation staying near the 2 percent target.

RTTNews | 4घंटे 55 मिनट पहले

U.S. Consumer Prices Inch Up 0.1% In May, Slightly Less Than Expected

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May. The Labor Department said its consumer price index inched up by 0.1 percent in May after rising by 0.2 percent in April. Economists had expected another 0.2 percent increase.

RTTNews | 6घंटे 5 मिनट पहले

Bay Street Seen Opening On Mixed Note

It's likely to be a mixed start for Canadian shares on Wednesday with investors reacting to the crucial U.S. consumer price inflation data, and the developments on the trade front where U.S. and Chinese official reached a framework to implement the Geneva consensus following two days of discussions in London.

RTTNews | 6घंटे 53 मिनट पहले

U.S. Consumer Prices Inch Up Slightly Less Than Expected In May

A closely watched report released by the Labor Department on Wednesday showed a slight increase by consumer prices in the U.S. in the month of May.

RTTNews | 7घंटे 6 मिनट पहले

FTSE 100 Up Slightly As Investors Await Further News On Trade, U.S. Inflation Data

U.K.'s benchmark index FTSE 100 is roughly flat a little over an hour past noon on Wednesday with investors making cautious moves, reacting to news about U.S.-China trade talks, and some corporate updates, while awaiting the crucial inflation data from the U.S.

RTTNews | 7घंटे 27 मिनट पहले

EURUSD	1.14848	GBPUSD	1.35414	AUDUSD	0.64989
USDJPY	144.574	USDCAD	1.36684	USDCHF	0.8205

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Sensex, Nifty To Open On Cautious Note On Weak Global Cues