Sensex, Nifty Seen Opening Up On Dovish Fed

RTTNews | 525 일 전
Sensex, Nifty Seen Opening Up On Dovish Fed

(RTTNews) - Indian shares are seen opening higher on Thursday as investors cheer the Fed's dovish pivot and a retreat in U.S. Treasury yields.

Benchmark indexes Sensex and Nifty ended Wednesday's choppy session marginally higher while the rupee fell by 13 paise to close at 83.16 against the dollar.

Asian markets traded mostly higher this morning after the major U.S. averages all showed strong moves to the upside overnight, reaching new record closing highs.

The dollar extended overnight losses while Treasuries steadied during Asian trading.

Gold traded over $2,200 an ounce for the first time following the Fed comments. Oil inched higher after falling sharply in the previous session.

U.S. stocks rose overnight while bond yields fell as the Fed left interest rates unchanged for a fifth straight meeting and maintained its forecast for three rate cuts in 2024.

The S&P 500 added 0.9 percent to set a record high for a second straight day as Fed Chair Jerome Powell said that the Fed's next move is likely to be a cut sometime this year.

The Dow rallied 1 percent and the tech-heavy Nasdaq Composite climbed 1.3 percent to hit record highs.

European stocks ended mixed on Wednesday as investors reacted to encouraging U.K. inflation data and looked ahead to the Fed's interest-rate decision.

The pan European STOXX 600 closed flat with a negative bias. The German DAX edged up 0.2 percent while France's CAC 40 shed half a percent and the U.K.'s FTSE 100 finished marginally lower.

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Australian Market Trims Early Losses In Mid-market

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 1 시간 22 분 전
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.
RTTNews | 1 시간 38 분 전
Swiss Market Settles Modestly Higher

Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.
RTTNews | 2 시간 20 분 전
Japanese Market Notably Higher

Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.
RTTNews | 2 시간 28 분 전
Thai Bourse May Halt Losing Streak On Thursday

Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.
RTTNews | 2 시간 37 분 전
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.
RTTNews | 2 시간 45 분 전
Indonesia Shares Tipped To Open In The Green

Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of 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 7,935-point plateau and it may add to its winnings on Thursday.
RTTNews | 3 시간 7 분 전