Sensex, Nifty Seen Higher At Open

RTTNews | 22h 22min ago

(RTTNews) - Indian shares look set to open a tad higher on Friday as markets resume trading after a holiday on Thursday for Maharashtra Day.

Stock-specific action is likely as investors react to the latest batch of earnings results and April sales data from auto companies.

Benchmark indexes ended marginally lower on Wednesday after a choppy session.

The rupee surged 42 paise to 84.54 against the greenback, marking its highest level this year aided by the prospect of easing global trade tensions.

Asian markets were mostly higher this morning as news of trade talks between China and the U.S. helped offset disappointing earnings results from Apple Inc. and Amazon.

Apple has warned of increased costs as a result of tariffs while Amazon said it is bracing for a tougher business climate.

Meanwhile, China said it is assessing the possibility of trade talks with the U.S. after senior U.S. officials repeatedly expressed their willingness to negotiate on tariffs.

Oil prices were up around 1 percent in Asian trading after U.S. President Donald Trump threatened sanctions against buyers of Iranian oil.

The dollar was track for a third consecutive weekly gain ahead of the all-important U.S. jobs report due later in the day. Gold fell to as low as $3,220 per ounce.

U.S. stocks rose overnight as upbeat earnings news from software giant Microsoft and Facebook parent Meta Platforms helped ease concerns about artificial intelligence (AI) spending.

Economic data on the session painted a sluggish picture, with U.S. manufacturing contracting for a second straight month in April and initial unemployment claims posting an unexpected increase last week.

That followed Wednesday's data showing the U.S. economy contracted for the first time in three years in the last quarter and hiring by private-sector employers slowed to the weakest pace in nine months in April.

The tech-heavy Nasdaq Composite surged 1.5 percent to reach its best closing level in over a month, while the S&P 500 added 0.6 percent and the Dow edged up by 0.2 percent.

Most European markets were closed on Thursday for May Day. The U.K.'s FTSE 100 showed a lack of direction before finishing marginally higher.

U.S. Dollar Recovers After Jobs Data

The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.

RTTNews | 4h 39min ago

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.

RTTNews | 7h 19min ago

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.

RTTNews | 7h 40min ago

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.

RTTNews | 8h 37min ago

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.

RTTNews | 10h 35min ago

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.

RTTNews | 11h 29min ago

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | 11h 53min ago

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | 12h 5min ago

EURUSD	1.13037	GBPUSD	1.32767	AUDUSD	0.64436
USDJPY	144.966	USDCAD	1.38103	USDCHF	0.8268

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Sensex, Nifty Seen Higher At Open