Sensex, Nifty Seen Opening Flat With Fed Announcement In Spotlight

RTTNews | 573天前

(RTTNews) - Indian shares may open flat to slightly lower on Wednesday as investors await key economic events, including the interim union budget and interest rate decisions from the U.S. Federal Reserve and Bank of England for direction.

The Fed is widely expected to leave interest rates unchanged later today, but the accompanying statement could have a significant impact on the outlook for rates.

Optimism about a March rate cut has faded recently, with many economists now suggesting the Fed will wait until May to begin lowering rates.

Meanwhile, the International Monetary Fund (IMF) has raised India's FY25 and FY26 GDP growth forecasts and expressed optimism that the likelihood of a hard landing for the global economy has receded.

Tech stocks could in in focus today as Alphabet reported weaker-than-expected holiday-season advertising sales and Microsoft reported increased costs to develop new artificial-intelligence features.

Benchmark indexes Sensex and Nifty fell around 1 percent each on Tuesday while the rupee rose by 5 paise to close at 83.11 against the dollar.

Asian markets traded mixed this morning following tech losses on Wall Street overnight.

The dollar headed for its biggest monthly gain since September and gold edged down slightly on diminishing Fed rate cuts bets.

Oil prices slipped after rising sharply in the U.S. trading session overnight on escalating Middle East tensions.

U.S. stocks ended mixed overnight as investors reacted to a mixed bag of earnings from United Parcel Service and General Motors as well as upbeat readings on job openings and consumer confidence.

The tech-heavy Nasdaq Composite shed 0.8 percent and the S&P 500 finished marginally lower, while the Dow rose 0.4 percent to a new record closing high.

European stocks rose for the fifth straight session on Tuesday as data showed the eurozone economy avoided a technical recession in the second half of 2023.

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

NZ Dollar Slides Against Majors

The New Zealand dollar weakened against other major currencies in the Asian session on Tuesday.

RTTNews | 19分鐘前

Australian Dollar Falls Against Majors

The Australian dollar weakened against other major currencies in the Asian session on Tuesday.

RTTNews | 23分鐘前

European Shares Poised For Weak Start As Fed Rate Cut Hopes Fade

European stocks may drift lower on Tuesday as investors fret about Fed independence and await Nvidia earnings due Wednesday for guidance and signs the AI market remains robust.

RTTNews | 1小時1分鐘前

Sensex, Nifty Deep In The Red On Tariff Worries

Indian shares opened on a sluggish note on Tuesday after the Trump administration officially issued a notice regarding the imposition of an additional 25 percent tariffs on Indian imports, with the punitive duties set to kick in at 12:01 am (EST) on August 27.

RTTNews | 1小時50分鐘前

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 | 3小時4分鐘前

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 | 3小時24分鐘前

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 | 3小時55分鐘前

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 | 4小時36分鐘前

EURUSD	1.163	GBPUSD	1.34596	AUDUSD	0.64812
USDJPY	147.675	USDCAD	1.38542	USDCHF	0.8059