Sensex, Nifty Tumble On Fed Uncertainty, Geopolitical Tensions

RTTNews | 518日前
Sensex, Nifty Tumble On Fed Uncertainty, Geopolitical Tensions

(RTTNews) - Indian shares fell sharply on Friday as hotter-than-expected U.S. CPI data for March coupled with hawkish comments from a slew of Federal Reserve officials stoked fresh uncertainty around Fed easing this year.

Heightened geopolitical tensions in the Middle East also spooked markets.

Oil prices jumped and gold scaled a record high on safe-haven demand as investors pondered the possibility of an attack on Israel by Iran or its proxies.

Following the alleged Israeli attack on the Iranian consulate in Damascus, Syria, reports suggest that the top Iranian leadership is planning a retaliatory attack on Israel within the next 48 hours.

It was said that Iran was still weighing the political risks of a direct attack on Israel.

The benchmark S&P BSE Sensex fell 793.25 points, or 1,06 percent, to 74,244.90 ahead of the start of Q4 domestic earnings season.

The broader NSE Nifty index settled 234.40 points, or 1.03 percent, lower at 22,519.40 after reports suggested that Mauritius-based foreign portfolio investors (FPIs) may face higher scrutiny post amendment in the India-Mauritius tax treaty.

ONGC, Titan Company, Power Grid Corp, Maruti Suzuki India and Sun Pharma lost 2-4 percent.

read more
Canadian Market Drifts Lower On Profit Taking

Canadian Market Drifts Lower On Profit Taking

Despite rising odds of interest rate cuts by the Bank of Canada and the Federal Reserve next week, the Canadian market is down in negative territory on Friday, taking a breather after consistently hitting record highs over the past several sessions.
RTTNews | 49分前
U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

U.S. Consumer Sentiment Deteriorates Much More Than Expected In September

Preliminary data released by the University of Michigan on Friday showed consumer sentiment in the U.S. has deteriorated by much more than anticipated in the month of September. The University of Michigan said its consumer sentiment index fell to 55.4 in September from 58.2 in August. Economists had expected the index to edge down to 58.0.
RTTNews | 2時31分前
UK Economy Flatlines In July

UK Economy Flatlines In July

The UK economy stagnated in July, posing further challenges to Chancellor Rachel Reeves as any tax hikes or spending cuts would again dampens activity. Real gross domestic product showed no growth in July, as expected, after rising 0.4 percent in June, the Office for National Statistics reported Friday.
RTTNews | 4時4分前
Bay Street Likely To Open On Mixed Note

Bay Street Likely To Open On Mixed Note

Canadian shares may open on a mixed note Friday morning as investors are likely to take some profits after recent gains. Firm gold and oil prices may push up resources stocks.
RTTNews | 4時43分前
Russia Central Bank Cuts Rate By 100 Bps

Russia Central Bank Cuts Rate By 100 Bps

Russia's central bank slashed its benchmark interest rate for the third time this year as higher lending rates weigh on business activity and damp economic recovery. The Board of Directors of Bank of Russia, governed by Elvira Nabiullina, decided to cut the key interest rate by 100 basis points to 17.00 percent from 18.00 percent.
RTTNews | 4時56分前
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Friday.
RTTNews | 5時15分前
FTSE 100 Modestly Higher As Miners Rise

FTSE 100 Modestly Higher As Miners Rise

The UK market is up in positive territory a little past noon on Friday, supported by solid gains in the mining sector thanks to higher metal prices. Investors are also digesting the data showing the UK economy stagnated in July as expansions in services and construction sectors were offset by the decline in industrial production.
RTTNews | 5時56分前
CAC 40 Down Nearly 0.5%

CAC 40 Down Nearly 0.5%

French stocks are exhibiting weakness on Friday with investors largely cautious ahead of Fitch Ratings' review of France's sovereign credit rating. Expectations of a rate cut by the Federal Reserve next week appear to be limiting market's downside.
RTTNews | 6時14分前