Sensex, Nifty Seen Opening Little Changed On Muted Global Cues

RTTNews | 582天前

(RTTNews) - Indian shares may open on a flat note Friday as investors weigh muted global cues against a sharp fall in oil prices.

Crude oil prices were mixed this morning after tumbling around 3 percent in the U.S. trading session overnight on signs of easing supply disruptions.

Losses, if any, may remain limited on data showing that FIIs have turned net buyers after being sellers for six consecutive days.

Banks could be in focus today after the RBI's Financial Stability Report cautioned that Indian banks' gross non-performing assets ratio may rise to 4.4 percent by September 2024.

Benchmark indexes Sensex and Nifty rose around half a percent each on Thursday to extend gains for the fifth straight session and touch fresh record closing highs, while the rupee settled 17 paise higher at 83.17 against the dollar.

Asian markets traded mixed in the final trading session of the year.

The dollar index traded weak after the release of downbeat U.S. economic data while gold prices were seeing modest gains.

U.S. stocks ended narrowly mixed overnight while benchmark Treasury yields and the dollar edged up from five-month lows on the penultimate trading day of 2023.

In economic releases, the number of Americans filing initial claims for unemployment benefits rose more than expected last week, while November pending home sales were unchanged.

The Dow inched up 0.1 percent to hit a new record closing high and the S&P finished marginally higher while the tech-heavy Nasdaq Composite ended flat with a negative bias.

European stocks slipped on Thursday after recent gains on dovish Fed bets. The pan European STOXX 600 eased 0.1 percent.

The German DAX slipped 0.2 percent, France's CAC 40 dropped half a percent and the U.K.'s FTSE 100 finished marginally lower.

U.S. Dollar Falls As Weak Jobs Data Lifts Rate Cut Hopes

The U.S. dollar weakened against its major counterparts in the New York session on Friday, as weaker-than-expected jobs data for July strengthened expectations of a Fed rate cut in September.

RTTNews | 15小時53分鐘前

European Stocks Close Sharply Lower As Trump's Tariff Move Hurts Sentiment

European stocks tumbled on Friday, recording one of their worst sessions in several months, as sweeping fresh tariffs announced by U.S. President Donald Trump raised fears of a global economic slowdown, prompting investors to press selling across the board.

RTTNews | 19小時13分鐘前

Canadian Market Remains Firmly Down In Negative Territory On Tariff Worries

The Canadian market got off to a weak start Friday morning and slipped deeper into the red subsequently, as U.S. President Donald Trump's sweeping tariff announcement rendered the mood bearish.

RTTNews | 20小時44分鐘前

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.

RTTNews | 21小時57分鐘前

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.

RTTNews | 22小時1分鐘前

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.

RTTNews | 22小時4分鐘前

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.

RTTNews | 22小時50分鐘前

U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.

RTTNews | 22小時58分鐘前

EURUSD	1.15956	GBPUSD	1.32834	AUDUSD	0.64735
USDJPY	147.381	USDCAD	1.37779	USDCHF	0.8035

Advertisement

Sensex, Nifty Seen Opening Little Changed On Muted Global Cues