Sensex, Nifty Seen Lower As Investors Fret About Trump's Tariff Policy

RTTNews | 51 일 전

(RTTNews) - Indian shares look set to open on a sluggish note Wednesday, tracking mixed cues from global markets after U.S. President Donald Trump offered no exceptions to his Aug. 1 tariff start date.

Trump also announced a 50 percent tariff on copper imports and hinted at a potential 200 percent tariff on pharmaceuticals, marking a new phase in his aggressive trade policy.

Closer home, media reports suggest that India is not desperate for an early trade deal at the cost of the country's interest.

Benchmark indexes Sensex and Nifty eked out modest gains on Tuesday after reports suggested that a mini trade deal between the U.S. and India could be announced "in a day or two". The rupee rose by 26 paise to close at 85.68 against the U.S. dollar.

Asian markets were mostly lower in cautious trade this morning, with trade headlines and Chinese inflation data in focus.

Data showed China's consumer price inflation grew slightly in June while producer prices plunged 3.6 percent in the month, marking its largest decline since July 2023.

The dollar strengthened against the yen for the third consecutive session following Trump's announcement of tariffs on Japan and other trade partners.

Gold held a decline to hover near $3,300 per ounce as investors pared bets on Federal Reserve interest-rate cuts by year-end.

Oil prices eased from two-week highs after industry data showed a sharp rise in U.S. crude inventories.

Overnight, U.S. stocks fluctuated before ended narrowly mixed due to ongoing uncertainty about President Trump's tariff plans.

Trump said Tuesday his extended Aug. 1 deadline for his "Liberation Day" tariffs will stick, after previously suggesting it wasn't "100 percent firm."

Adding to the uncertainty, he also announced a 50 percent tariff on copper imports as part of a set of looming sectoral tariffs and threatened a 200 percent tariff on pharmaceutical imports.

The tech-heavy Nasdaq Composite inched up marginally while the S&P 500 ended with a negative bias and the Dow dipped 0.4 percent.

European markets closed on a positive note Tuesday as investors waited for an update on the U.S.-EU trade deal.

The pan European STOXX 600 gained 0.4 percent. The German DAX and France's CAC 40 both rose by 0.6 percent while the U.K.'s FTSE 100 added half a percent.

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 35 분 전

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 1 시간 4 분 전

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 3 시간 48 분 전

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 4 시간 7 분 전

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 4 시간 50 분 전

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1

RTTNews | 5 시간 20 분 전

U.S. PCE Price Index Increased In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday.

RTTNews | 5 시간 33 분 전

Slightly Weak Start Seen For U.S. Stocks; PCE Data In Focus

Lower U.S. futures point to a slightly negative start on Wall Street Friday morning.

RTTNews | 5 시간 48 분 전

EURUSD	1.16949	GBPUSD	1.35022	AUDUSD	0.6543
USDJPY	146.998	USDCAD	1.37341	USDCHF	0.7997