Sensex, Nifty Seen Lower At Open On Weak Asian Cues

RTTNews | 1118 일 전

(RTTNews) - Indian shares look set to open a tad lower on Monday as investors await the last phase of corporate earnings results and key macroeconomic data for directional cues. Foreign exchange reserves numbers for the week ended August 5, bank loan & deposit growth data for the fortnight ended July 29, the CPI inflation for July and industrial output for June all will be released on Friday.

On the earnings front, SBI reported a 6.7 percent fall in Q1 net profit, missing the Street estimates by a wide margin due to a huge hit on the market value of the bank's government bond investments.

State-run oil marketing companies IOC, HPCL and BPCL posted a combined loss of Rs 18,480 crore on holding petrol and diesel prices despite a rise in cost.

This week would be a truncated one as stock exchanges BSE and NSE would remain closed on Tuesday on account of Muharram.

Asian markets were broadly lower this morning, while the dollar extended gains against the yen buoyed by higher Treasury yields as investors ramped up bets on a super-sized U.S. rate hike in September. Investors now await Wednesday's U.S. inflation data for fresh guidance on the rate outlook.

Oil prices were slightly lower in Asian trading after data showed Chinese imports rose at a weaker-than-expected rate in July.

U.S. stocks ended a volatile session mixed on Friday as upbeat jobs data calmed concerns about a recession but raised the chances of a 75-bps rate hike at the September policy meeting.

Data showed that non-farm payroll employment spiked by 528,000 jobs in July after surging by an upwardly revised 398,000 jobs in June. The jobless rate unexpectedly slipped to 3.5 percent from 3.6 percent in June.

The Dow edged up 0.2 percent, while the tech-heavy Nasdaq Composite shed half a percent and the S&P 500 slid 0.2 percent.

European stocks also closed lower on Friday as investors reacted to a slew of earnings updates, U.S.-China tensions and the red-hot U.S. jobs report.

The pan European Stoxx 600 lost 0.8 percent. The German DAX gave up 0.7 percent, France's CAC 40 index declined 0.6 percent and the U.K.'s FTSE 100 slipped 0.1 percent.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

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German Inflation Accelerates To 2.2% In August

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Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

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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 | 16 시간 24 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 | 16 시간 53 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 | 19 시간 37 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 | 19 시간 56 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 | 20 시간 39 분 전

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047