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Sensex, Nifty Decline On Tariff Worries

RTTNews | 221天前

Sensex, Nifty Decline On Tariff Worries

(RTTNews) - Indian shares were notably lower in early trade on Monday after U.S. President Donald Trump signed three separate executive orders, imposing 25 percent on goods from Mexico and Canada, and 10 percent on all imports from China, instigating a trade war that's set to reshape global supply chains.

Both leaders in Canada and Mexico have announced they will put their own tariffs against the U.S., targeting certain industries.

The Chinese government also vowed to take unspecified "corresponding countermeasures" against the U.S.

The benchmark S&P/BSE Sensex was down 485 points, or 0.6 percent, at 77,020 while the broader NSE Nifty index fell 170 points, or 0.7 percent, to 23,311.

Among the prominent decliners, Coal India, Hindalco, Larsen & Toubro, BPCL and BEL slumped 4-5 percent.

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Russia Central Bank Cuts Rate By 100 Bps

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.

RTTNews | 16分鐘前

Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Friday.

RTTNews | 36分鐘前

FTSE 100 Modestly Higher As Miners Rise

FTSE 100 Modestly Higher As Miners Rise

The UK market is up in positive territory a little past noon on Friday, supported by solid gains in the mining sector thanks to higher metal prices. Investors are also digesting the data showing the UK economy stagnated in July as expansions in services and construction sectors were offset by the decline in industrial production.

RTTNews | 1小時16分鐘前

CAC 40 Down Nearly 0.5%

CAC 40 Down Nearly 0.5%

French stocks are exhibiting weakness on Friday with investors largely cautious ahead of Fitch Ratings' review of France's sovereign credit rating. Expectations of a rate cut by the Federal Reserve next week appear to be limiting market's downside.

RTTNews | 1小時34分鐘前

DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers

DAX Modestly Lower In Cautious Trade; Auto Stocks Among Major Losers

German stocks are down in negative territory on Friday in cautious trade amid concerns about a possible downgrade of France's sovereign rating. Optimism about an interest rate cut by the Federal Reserve next week helps limit market's downside.

RTTNews | 1小時51分鐘前

Sensex, Nifty End Higher On Trade Deal Hopes

Sensex, Nifty End Higher On Trade Deal Hopes

Indian shares rose on Friday as rising jobless claims coupled with in-line U.S. consumer price inflation data spurred expectations for more Federal Reserve rate cuts.

RTTNews | 2小時6分鐘前

European Shares Mostly Lower In Lackluster Trade

European Shares Mostly Lower In Lackluster Trade

European stocks were mostly lower on Friday, with U.K. stocks bucking the weak trend as the pound faced pressure on weak GDP data.

RTTNews | 3小時29分鐘前

Asian Shares Follow Wall Street Higher Amid Fed Cut Bets

Asian Shares Follow Wall Street Higher Amid Fed Cut Bets

Asian stocks followed Wall Street higher on Friday as rising jobless claims coupled with in-line U.S. consumer price inflation data spurred expectations for more Federal Reserve rate cuts.

RTTNews | 3小時50分鐘前

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