Sensex, Nifty Set To Drift Lower On Growth Worries

RTTNews | 1140天前

(RTTNews) - Indian shares look set to open lower on Wednesday as investors fret over rising oil prices and a possible recession. The FII sell-off is another reason that market participants are worried about.

Oil prices fell in Asian trade after rising more than 2 percent on Tuesday amid concerns over tight global supply.

Benchmark indexes Sensex and the Nifty ended a choppy session marginally higher on Tuesday, extending gains for a fourth straight session. However, the rupee sank 46 paise to close at 78.83 against the dollar.

Asian markets followed Wall Street lower on doubts over whether the Federal Reserve can avoid a bruising economic downturn.

New York Fed President John Williams and San Francisco's Mary Daly both said on Tuesday that they had to cool the hottest inflation in 40 years but insisted that a soft landing was still possible.

In Europe, the European Central Bank announced it intends to raise its key interest rates by 25 bps in July.

U.S. stocks erased earlier gains to end sharply lower overnight after a survey showed a measure of U.S. consumer confidence deteriorated to its lowest level in over a year in June on surging inflation.

Th Dow dipped 1.6 percent, the tech-heavy Nasdaq Composite tumbled 3 percent and the S&P 500 shed 2 percent.

European stocks extended a winning streak for a third day on Tuesday as China relaxed some COVID-19 quarantine requirements for international travelers, ECB President Christine Lagarde played down fears of a recession in the euro zone and the largest U.S. lenders passed the Fed's annual stress tests.

The pan European Stoxx 600 edged inched up 0.3 percent. The German DAX rose 0.4 percent, France's CAC 40 index gained 0.6 percent and the U.K.'s FTSE 100 climbed 0.9 percent.

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in five straight sessions, collecting more than 35 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,560-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 28分鐘前

Win Streak May End For Japan Stock Market

Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red. The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors. For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92. Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent. The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.

RTTNews | 43分鐘前

Continued Consolidation Called For South Korea Shares

The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 58分鐘前

Australia Interest Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.

RTTNews | 1小時58分鐘前

U.S. Dollar Firms Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 3小時20分鐘前

Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.

RTTNews | 6小時13分鐘前

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.

RTTNews | 6小時37分鐘前

Rate Cut Hopes Drag The Dollar Down

The U.S. dollar declined against major currencies during the week ended August 8 amidst weak economic data that renewed hopes of a larger-than expected and higher-than-expected monetary policy easing by the Federal Reserve.

RTTNews | 9小時17分鐘前

EURUSD	1.16172	GBPUSD	1.34341	AUDUSD	0.65138
USDJPY	148.135	USDCAD	1.37745	USDCHF	0.81201