Sensex, Nifty Seen Opening Up In Cautious Trade

RTTNews | 594天前

(RTTNews) - Indian shares look set to open higher on Wednesday after the International Monetary Fund (IMF) said India's economic reforms have helped the nation become a star performer, contributing over 16 percent to global growth.

Underlying sentiment may also remain supported somewhat after the World Health Organization (WHO) classified the JN.1 coronavirus strain as a "variant of interest" and said current evidence shows risk to public health was low from the strain.

Financials could be in focus today after the Reserve Bank of India (RBI) tightened norms for banks and NBFC's investing in Alternate Investment Funds.

IT stocks may face selling pressure after Accenture forecast Q2 revenue below estimates due to muted IT spending.

Benchmark indexes Sensex and Nifty hit fresh record highs before finishing modestly higher on Tuesday. The rupee fell by 9 paise to close at 83.19 against the dollar.

Asian markets traded mostly higher this morning after Wall Street extended its rally on Tuesday.

The dollar was little changed while yields on the U.S. 10-year note hovered at 3.91 percent as investors awaited more U.S. data including Friday's update on the Personal Consumption Expenditures price index, the Fed's preferred inflation measure, for more clues on the Fed's rate trajectory.

Oil prices rose for a third straight session on fears of more supply disruptions in the Red Sea.

U.S. stocks closed higher overnight despite warnings from Fed officials trying to rein in expectations for aggressive rate cuts next year.

Investors shrugged off mixed data showing that housing starts surged by 14.8 percent in November, while building permits declined by 2.5 percent.

The Dow and the tech-heavy Nasdaq Composite both climbed around 0.7 percent to extend gains for a ninth consecutive session, while the S&P 500 rose 0.6 percent.

European stocks rose on Tuesday after Eurozone inflation came in unchanged at 2.4 percent in November, matching expectations.

The pan European STOXX edged up 0.4 percent. The German DAX climbed 0.6 percent, France's CAC 40 finished marginally higher and the U.K.'s FTSE 100 advanced 0.3 percent.

TSX Up More Than 2% On All-round Buying As Investors Bet On Fed Rate Cut Hopes

The Canadian market is up sharply on Tuesday with traders picking up stocks across the board, betting on hopes of an interest rate cut by the Federal Reserve next month.

RTTNews | 2小時40分鐘前

Swiss Market Ends Modestly Higher

The Switzerland market closed modestly higher on Tuesday after staying positive right through the day's trading session, with investors mostly reacting to the latest quarterly performance of big name companies.

RTTNews | 3小時13分鐘前

European Stocks Close Broadly Higher

European markets closed mostly higher on Tuesday, although gains in most of the markets were just marginal or modest, as investors stayed somewhat cautious, reacting to a mixed batch of economic data, and assessing the impact of steep U.S. tariffs on the global economy.

RTTNews | 3小時33分鐘前

U.S. Service Sector Growth Unexpectedly Slows In July

A report released by the Institute for Supply Management on Tuesday unexpectedly showed a modest slowdown in the pace of growth by U.S. service sector activity in the month of July. The ISM said its services PMI edged down to 50.1 in July from 50.8 in June. While a reading above 50 still indicates growth, economists had expected the index to rise to 51.5.

RTTNews | 6小時11分鐘前

U.S. Trade Deficit Narrows To $60.2 Billion In June As Imports Plunge

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday. The Commerce Department said the trade deficit shrank to $60.2 billion in June from a revised $71.7 billion in May.

RTTNews | 6小時57分鐘前

U.S. Trade Deficit Narrows Slightly More Than Expected In June

The U.S. trade deficit narrowed by slightly more than anticipated in the month of June, according to a report released by the Commerce Department on Tuesday.

RTTNews | 8小時1分鐘前

Eurozone Private Sector Continues To Expand

Euro area private sector remained in the expansionary territory in July but the rate of growth remained sluggish as stagnant demand pulled back production, final survey results of the purchasing managers' survey by S&P Global showed on Tuesday. The HCOB composite output index rose to 50.9 in July from 50.6 in June. The flash reading was 51.0. A score above 50.0 indicates expansion.

RTTNews | 8小時4分鐘前

Bay Street May Open Slightly Higher

Canadian stocks may open on a positive note Tuesday morning amid expectations of a rate cut by the Federal Reserve next month. The focus will be on trade talks between Canad and Mexico.

RTTNews | 8小時15分鐘前

EURUSD	1.15737	GBPUSD	1.3297	AUDUSD	0.64704
USDJPY	147.567	USDCAD	1.37777	USDCHF	0.80735

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Sensex, Nifty Seen Opening Up In Cautious Trade