Sensex, Nifty Set For Muted Open As US Yields Climb On Inflation, Rate Concerns

RTTNews | 508 일 전

(RTTNews) - Indian shares are likely to open on a muted note Friday as investors react to signs of weaker GDP growth and stubborn inflationary pressures in the U.S.

Technology stocks could be in focus after 10-yr U.S. bond yield rose sharply to a fresh five-month high of 4.73 percent.

On the positive side, a blowout first quarter earnings report from Google parent firm Alphabet after the U.S. closing bell may help limit the overall downside in the broader market.

Microsoft also reported quarterly results that beat Wall Street estimates. Benchmark indexes Sensex and Nifty surged around 0.7 percent each on Thursday to extend gains for the fifth straight session on eve of the Nifty F&O monthly expiry. The rupee gained 5 paise to close at 83.28 against the dollar.

Asian markets traded mixed this morning ahead of a closely watched policy decision by the Bank of Japan and the release of the Fed's preferred measure of inflation gauge.

Gold edged up slightly but was set for a weekly decline. Oil prices rose after U.S. Treasury Secretary Janet Yellen told Reuters that U.S. GDP growth for the first quarter could be revised higher and that inflation will ease to more normal levels.

U.S. stocks ended lower but off their day's lows overnight, following disappointing earnings updates from IBM and Meta Platforms.

Treasury yields climbed as new data showed slowing GDP growth but strong inflation, raising fears of stagflation.

Data showed that U.S. GDP slowed to 1.6 percent annualized in the first quarter after surging by 3.4 percent in the fourth quarter of 2023.

Core inflation came in stronger at 3.7 percent in Q1, picking up from a 2 percent annualized rate and pushing out rate-cut bets to December.

The Dow gave up 1 percent, the the-heavy Nasdaq Composite declined 0.6 percent and the S&P 500 dipped half a percent.

European stocks closed mostly lower on Thursday as mixed earnings and weak U.S. data offset big M&A news in the mining sector.

The pan European STOXX 600 fell 0.6 percent. The German DAX lost 1 percent and France's CAC 40 shed 0.9 percent while the U.K.'s FTSE 100 added half a percent.

U.S. Business Inventories Rise 0.2% In July, In Line With Estimates

The Commerce Department released a report on Tuesday showing business inventories in the U.S. increased in line with expectations in the month of July. The report said business inventories rose by 0.2 percent in July, matching the increase seen June as well as economist estimates.

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U.S. Homebuilder Confidence Holds Steady In September

Homebuilder confidence in the U.S. held steady in the month of September, according to a report released by the National Association of Home Builders on Tuesday. The report said the NAHB/Wells Fargo Housing Market Index came in at 32 in September, unchanged from August. Economists had expected the index to inch up to 33.

RTTNews | 46 분 전

U.S. Industrial Production Unexpectedly Inches Slightly Higher In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday. The Fed said industrial production crept up by 0.1 percent in August after falling by a downwardly revised 0.4 percent in July. Economists had expected industrial production to slip by 0.1 percent.

RTTNews | 1 시간 3 분 전

U.S. Import Prices Unexpectedly Increase In August

A report released by the Labor Department on Tuesday showed import prices in the U.S. unexpectedly increased in the month of August. The Labor Department said import prices rose by 0.3 percent in August after inching up by a downwardly revised 0.2 percent in July. Economists had expected import prices to edge down by 0.1 percent.

RTTNews | 1 시간 20 분 전

Canadian Market Drifts Lower In Cautious Trade

The Canadian market is down in negative territory Tuesday morning, as data showing an increase in the nation's consumer price inflation dimmed the extent of rate cuts this year although the Canadian central bank is widely expected to lower interest rate by 25 basis points on Wednesday.

RTTNews | 1 시간 46 분 전

U.S. Retail Sales Climb 0.6% In August, Much More Than Expected

The Commerce Department released a report on Tuesday showing retail sales in the U.S. rose by much more than expected in the month of August. The report said retail sales climbed by 0.6 percent in August, matching an upwardly revised increase in July. Economists had expected retail sales to inch up by 0.2 percent compared to the 0.5 percent growth originally reported for the previous month.

RTTNews | 2 시간 46 분 전

U.S. Industrial Production Unexpectedly Inches Up 0.1% In August

Industrial production in the U.S. unexpectedly edged slightly higher in the month of August, according to a report released by the Federal Reserve on Tuesday.

RTTNews | 4 시간 13 분 전

Eurozone Industrial Production Recovers In July

Eurozone industrial production recovered at a moderate pace in July due to the rebound in consumer and capital goods output despite tariff threats, official data showed Tuesday. Industrial production registered a monthly growth of 0.3 percent, in contrast to the 0.6 percent decrease in June, Eurostat reported. However, the rate was slightly weaker than the forecast of 0.4 percent.

RTTNews | 4 시간 39 분 전

EURUSD	1.18724	GBPUSD	1.36625	AUDUSD	0.6686
USDJPY	146.348	USDCAD	1.37405	USDCHF	0.78616