Sensex, Nifty Set To Extend Losses Amid Global Selloff

RTTNews | 685天前

(RTTNews) - Indian shares are likely to open lower on Friday as risk aversion prevails due to renewed Middle East tensions, Fed Chair Jerome Powell's cautious remarks on further rate hikes and a surge in oil prices over the $90-a barrel mark.

There are signs that the Israel-Hamas war is spreading. U.S. troops have been repeatedly attacked in Iraq and Syria in recent days since the conflict broke out on Oct.7, U.S. officials said on Thursday.

A U.S. Navy ship in the Red Sea on Thursday shot down missiles and drones that had been fired by Iran-backed Huthi rebels in Yemen.

Hamas and Russian President Vladimir Putin "represent different threats but they share this in common: they both want to completely annihilate a neighboring democracy," U.S. President Joe Biden said in a televised addressed to the nation.

Benchmark indexes Sensex and Nifty cut early losses to end slightly lower on Thursday, extending losses for a second consecutive session. The rupee ended little changed at 83.25 against the dollar.

Asian markets were deep in the red this morning, with benchmark indexes in Australia, New Zealand and South Korea falling 1-2 percent.

Chinese and Hong Kong markets were seeing modest losses after the People's Bank of China left benchmark lending rates unchanged, as widely expected.

The dollar was broadly up supported by elevated bond yields. Gold hurtled toward the $2,000-an-ounce level while oil rose about 1 percent to extend overnight gains as Israel prepares for a ground invasion of war-torn Gaza.

U.S. stocks fluctuated before closing firmly in the red overnight and Treasury yields hit 16-year highs after Fed Chair Jerome Powell warned that inflation is "still too high" and additional monetary policy tightening may be needed.

Economic reports painted a mixed picture, with jobless claims falling to a nine-month low last week while a measure of existing home sales dropped to a 13-year low in September.

The Dow gave up 0.8 percent, the S&P 500 shed 0.9 percent and the tech-heavy Nasdaq Composite lost 1 percent.

European stocks hit a seven-month low on Thursday as a string of disappointing earnings updates added to worries over rising bond yields and the escalating Israel-Hamas war.

The pan European STOXX 600 fell 1.2 percent. The German DAX eased 0.3 percent, France's CAC 40 slipped 0.6 percent and the U.K.'s FTSE 100 declined 1.2 percent.

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | 12分鐘前

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | 42分鐘前

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | 46分鐘前

U.S. Private Sector Job Growth Slows More Than Expected In August

A report released by payroll processor ADP on Thursday showed private sector employment in the U.S. increased by less than expected in the month of August. ADP said private sector employment rose by 54,000 jobs in August after jumping by an upwardly revised 106,000 jobs in July. Economists had expected private sector employment to rise by 65,000 jobs.

RTTNews | 1小時4分鐘前

U.S. Labor Productivity Surges Much More Than Previously Estimated In Q2

A report released by the Labor Department showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025.

RTTNews | 1小時46分鐘前

U.S. Trade Deficit Widens More Than Expected In July

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July.

RTTNews | 1小時49分鐘前

U.S. Weekly Jobless Claims Rise More Than Expected

RTTNews | 1小時52分鐘前

Bay Street May Open With Negative Bias On Weak Commodity Prices

The Canadian market is likely to open with a negative bias on Friday, tracking weak crude oil and bullion prices. The focus is on the ADP data from the U.S., due this morning, and the Canadian and U.S. jobs reports, due on Friday, for clues about the rate decisions by the central banks of the two nations.

RTTNews | 2小時4分鐘前

EURUSD	1.16397	GBPUSD	1.34268	AUDUSD	0.65062
USDJPY	148.503	USDCAD	1.38338	USDCHF	0.80611