Sensex, Nifty Set To Follow Global Peers Higher As US Inflation Cools

RTTNews | 222 days ago

(RTTNews) - Indian shares look set to follow global peers higher on Thursday as investors react to lower-than-expected U.S. core inflation data for December and strong earnings reports from major U.S. banks.

That said, concerns over rising oil prices, signs of slowing corporate earnings growth, continued foreign fund outflows and uncertainty around U.S. President-elect Trump's tariff threats may lead to volatility as the session progresses.

Benchmark indexes Sensex and Nifty eked out modest gains on Wednesday while the rupee gained 28 paise to close at 86.36 against the dollar after falling for five consecutive days. That marked the biggest single-day gain since June 3, 2024 for the Indian currency.

Asian markets followed Wall Street higher this morning as soft U.S. producer price and consumer inflation readings kept alive the prospect of Federal Reserve rate cuts this year.

Treasuries and the dollar were little changed after several Fed officials expressed confidence that U.S. inflation would continue to ebb.

Gold held steady near $2,700 per ounce while oil prices were mixed after climbing more than 2 percent on Wednesday, supported by a large draw in U.S. crude stockpiles and potential supply disruptions caused by new U.S. sanctions on Russia.

U.S. stocks rallied overnight, the dollar dipped, and bond yields fell as investors cheered a soft inflation print and upbeat earnings from the likes of JPMorgan Chase, BlackRock, Goldman Sachs and Citigroup.

Data showed the consumer price index (CPI) rose in line with expectations at an annual rate of 2.9 percent in December, from November's 2.7 percent - matching expectations.

The annual rate of core consumer price growth unexpectedly slowed to 3.2 percent from 3.3 percent, raising expectations that the Federal Reserve could ease rates further.

The tech-heavy Nasdaq Composite soared 2.5 percent, the Dow climbed 1.7 percent and the S&P 500 surged 1.8 percent - logging their largest daily percentage gains in over two months.

European stocks rose sharply on Wednesday after the release of encouraging consumer price inflation data from the U.K. and the U.S.

The pan-European STOXX 600 gained 1.3 percent, snapping a three-day losing streak and clocking its best performance since August 2024.

The German DAX rallied 1.5 percent, France's CAC 40 added 0.7 percent and the U.K.'s FTSE 100 rose 1.2 percent.

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Tuesday, following the broadly negative cues from Wall Street overnight, as traders looked to cash in on the recent strong gains and remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the US Fed's preferred readings on consumer price inflation. Asian markets closed mostly higher on Monday.

RTTNews | 27 minutes ago

Sensex, Nifty Seen Lower As US Notifies India Of Additional Tariffs

Indian shares may open on a weak note on Tuesday as enthusiasm over potential Federal Reserve rate cuts faded and caution set in ahead of the release of crucial U.S. inflation data as well as Nvidia quarterly results.

RTTNews | 58 minutes ago

Lower Open Called For Thai Stock Market

The Thai stock market has finished higher in two straight sessions, collecting almost 20 points or 1.6 percent along the way. The Stock Exchange of Thailand now sits just above the 1,260-point plateau although it figures to open in the red on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 1h 38min ago

Japanese Market Significantly Lower

The Japanese stock market is trading significantly lower on Tuesday, reversing the gains in the previous two sessions, following the broadly negative cues from Wall Street overnight, with the Nikkei 225 falling below the 42,400 level, with weakness across most sectors led by index heavyweights, exporters and financial stocks.

RTTNews | 2h 5min ago

Indonesia Bourse May Hand Back Monday's Gains

The Indonesia stock market on Monday wrote a finish to the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,925-point plateau although it's looking at a soft start on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 8min ago

Hong Kong Shares May Be Stuck In Neutral On Tuesday

The Hong Kong stock market has moved higher in two straight sessions, improving more than 825 points or 3.4 percent along the way. The Hang Seng Index now rests just beneath the 25,830-point plateau although it may open under pressure on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 2h 23min ago

Australian Market Modestly Lower

The Australian stock market is trading modestly lower on Tuesday, recouping the slight gains in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, financial and technology stocks partially offset by gains gold miners.

RTTNews | 2h 26min ago

China Stock Market Due For Consolidation

The China stock market has moved higher in four straight sessions, advancing almost 160 points or 4.4 percent along the way. The Shanghai Composite Index now sits just above the 3,880-point plateau although it may see profit taking on Tuesday.

RTTNews | 2h 38min ago

EURUSD	1.16288	GBPUSD	1.34553	AUDUSD	0.64764
USDJPY	147.701	USDCAD	1.38565	USDCHF	0.80548