Sensex, Nifty Set For Flat Start

RTTNews | 886天前
Sensex, Nifty Set For Flat Start

(RTTNews) - Indian shares are seen opening largely unchanged on Monday as global sentiment remains fragile ahead of the year-end holiday period.

The U.S. GDP data as well as the release of RBI's MPC meeting minutes may sway sentiment as the week progresses.

Auto stocks could be in focus after vehicle makers have announced plans to raise prices in January 2023.

Asian markets traded broadly lower this morning, even as the downside remained capped by China reopening hopes.

At a two-day Central Economic Work Conference that wrapped up on Friday, China's top leaders have pledged to revive consumption and support the private sector, a marked shift from recent years.

The dollar inched lower, helping support precious metals. Oil prices climbed more than 1 percent in Asian trade after having fallen more than $2 a barrel in the previous session.

U.S. stocks fell for a third straight session on Friday and suffered a second straight week of losses on concerns that the Fed's hawkish stance on rate hikes could tip the U.S. economy into a recession.

The Dow slipped 0.9 percent, the tech-heavy Nasdaq Composite lost 1 percent and the S&P 500 gave up 1.1 percent.

European stocks ended lower on Friday to extend a selloff from the previous session amid lingering fears of a global economic recession.

The pan European STOXX 600 dropped 1.2 percent. The German DAX dropped 0.7 percent, France's CAC 40 index shed 1.1 percent and the U.K.'s FTSE 100 declined 1.3 percent.

read more
UK Retail Sales Growth Tops Expectations On Warm Weather

UK Retail Sales Growth Tops Expectations On Warm Weather

UK retail sales rebounded more than expected in April as good weather boosted food store sales, official data showed on Friday. A monthly survey today showed that British consumer confidence strengthened in May on hopes of easing trade tensions and the interest rate reduction by the Bank of England. Retail sales grew 1.2 percent on a monthly basis in April, following a revised 0.1 percent rise
RTTNews | 20分鐘前
European Shares Seen Flat To Higher At Open

European Shares Seen Flat To Higher At Open

European stocks may open flat to slightly higher on Friday as U.S. President Donald Trump's "big, beautiful" tax bill heads to the Senate for debate and review.
RTTNews | 2小時48分鐘前
European Economic News Preview: UK Retail Sales Data Due

European Economic News Preview: UK Retail Sales Data Due

Retail sales from the UK and detailed quarterly national accounts from Germany are the top economic news due on Friday. At 2.00 am ET, the Office for National Statistics releases UK retail sales for April. Economists forecast retail sales to grow 0.3 percent on a monthly basis, after rising 0.4 percent in March.
RTTNews | 3小時33分鐘前
Sensex, Nifty Rebound As US Bond Yields Ease

Sensex, Nifty Rebound As US Bond Yields Ease

Indian shares traded higher on Friday as U.S. Treasury yields eased from recent highs on improved economic data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 4小時10分鐘前
Australian Market Extends Early Gains In Mid-market

Australian Market Extends Early Gains In Mid-market

The Australian stock market is extending its early gains in mid-market moves on Friday, reversing some of the losses in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving to near the 8,400 level, with gains is financial and technology stocks partially offset by weakness in mining and energy stocks.
RTTNews | 4小時58分鐘前
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Friday, following the mixed cues from Wall Street overnight, as US Treasury yields eased on improved US data and comments from a US Fed official that he still sees a path to interest rate cuts later this year. Concerns about the fiscal impact of the US Republican tax cut bill is weighing on the markets. Asian markets ended mostly lower on Thursday.
RTTNews | 5小時19分鐘前
Sensex, Nifty Seen Higher At Open

Sensex, Nifty Seen Higher At Open

Indian shares are seen opening a tad higher on Friday as U.S. Treasury yields eased on improved U.S. data and comments from a Federal Reserve official that he still sees a path to interest rate cuts later this year.
RTTNews | 5小時42分鐘前
Thai Bourse May Extend Losing Streak

Thai Bourse May Extend Losing Streak

The Thai stock market has finished lower in two straight sessions, giving away more than 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,175-point plateau and it may tick lower again on Friday.
RTTNews | 6小時18分鐘前