Sensex, Nifty Seen Tad Higher Amid Mixed Catalysts

RTTNews | 917 일 전

(RTTNews) - Indian shares may open modestly higher on Thursday, as investors weigh strong global cues against rallying oil prices and signs of deceleration in India's GDP growth, dragged down mainly by the poor performance of manufacturing and mining sectors. GDP grew by 6.3 percent in the July to September quarter, down from explosive growth of 13.5 percent in the previous quarter, as per provisional estimates released by the National Statistics Office.

GDP had expanded by 8.4 percent in the corresponding quarter of 2021-22.

Benchmark indexes Sensex and Nifty jumped around 0.7 percent each on Wednesday to extend gains for a seventh straight session and reach fresh record highs on the back of firm global cues.

The rupee closed at 81.43 per U.S. dollar as against 81.72 per dollar the previous day, notching its first monthly gain this year amid the semi-annual rebalancing of the MSCI India index.

Asian markets traded higher this morning, as China reopening hopes and broad weakness in the dollar in the wake of Fed Chair Jerome Powell's dovish remarks in a speech helped improve risk sentiment. The dollar tumbled to a three-month low versus the Japanese yen while oil held steady after having climbed about 3 percent on Wednesday.

U.S. stocks rallied overnight and recorded their first back-to-back monthly gains since 2021 after Powell indicated the central bank might moderate the pace of rate increases as soon as December.

At the same time, Powell noted that restoring price stability will require holding policy at a restrictive level for some time until signs of progress emerge on inflation.

Economic data painted a mixed picture, with private payrolls growth slowing in November and third-quarter GDP growth revised up to 2.9 percent from 2.6 percent.

The Dow jumped 2.2 percent to hit a new seven-month closing high, while the tech-heavy Nasdaq Composite and the S&P 500 surged 4.4 percent and 3.1 percent, respectively to reach their best closing levels in over two months.

European stocks snapped a three-day losing streak on Wednesday as data showed eurozone inflation slowed more than expected in November.

The pan European STOXX 600 gained 0.6 percent. The German DAX edged up 0.3 percent, France's CAC 40 index climbed 1 percent and the U.K.'s FTSE 100 added 0.8 percent.

Swiss Market Ends Marginally Up

The Switzerland market, which stayed positive till well past noon on Thursday, suffered a mild setback in the penultimate hour of the session, but recovered to end the day's session marginally higher. Investors reacted positively to the European Central Bank's decision to lower interest rate by 25 basis points.

RTTNews | 1 시간 4 분 전

European Stocks Close Slightly Higher

European stocks closed slightly higher on Thursday with investors digesting the European Central Bank's interest rate decision, and a slew of regional economic data, in addition to assessing the potential impact of Trump Administration's tariff moves on global trade and growth.

RTTNews | 1 시간 17 분 전

Canadian Market Modestly Higher In Cautious Trade

Canadian stocks are turning in a mixed performance on Thursday with investors largely making cautious moves, looking ahead to the crucial U.S. and Canadian jobs data due on Friday.

RTTNews | 2 시간 0 분 전

U.S. Labor Productivity Slumps 1.5% In Q1, Much More Than Previously Estimated

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025. The Labor Department said labor productivity slumped by 1.5 percent in the first quarter compared to the previously reported 0.8 percent decline. Economists had expected the decrease by labor productivity to be revised to 0.7 percent.

RTTNews | 4 시간 30 분 전

U.S. Trade Deficit Narrows Substantially In April As Imports Plummet

Largely reflecting a sharp pullback by the value of the imports, the Commerce Department released a report on Thursday showing a substantial decrease in the size of the U.S. trade deficit in the month of April. The Commerce Department said the U.S. trade deficit narrowed to $61.6 billion in April from a revised $138.3 billion in March.

RTTNews | 4 시간 48 분 전

U.S. Jobless Claims Unexpectedly Rise To Nearly Eight-Month High

With the more closely watched monthly jobs report looming, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits unexpectedly increased in the week ended May 31st. The report said initial jobless claims climbed to 247,000, an increase of 8,000 from the previous week's revised level of 239,000.

RTTNews | 5 시간 6 분 전

German Manufacturing Orders Rise Unexpectedly

German manufacturing orders increased in April confounding fears that higher tariffs by the US administration would hit the factory sector, official data revealed Thursday. Factory orders rose 0.6 percent month-on-month in April, following a revised 3.4 percent rise in March, Destatis said. This was the second consecutive month of growth. Orders were expected to fall 1.0 percent.

RTTNews | 5 시간 34 분 전

U.S. Labor Productivity Slumps Much More Than Previously Estimated In Q1

Revised data released by the Labor Department on Thursday showed U.S. labor productivity tumbled by much more than previously estimated in the first quarter of 2025.

RTTNews | 5 시간 47 분 전

EURUSD	1.14393	GBPUSD	1.35775	AUDUSD	0.65118
USDJPY	143.683	USDCAD	1.36625	USDCHF	0.8205

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Sensex, Nifty Seen Tad Higher Amid Mixed Catalysts