Sensex, Nifty Set To Drift Lower As Focus Shifts To Fed Policy

RTTNews | 1071 일 전
Sensex, Nifty Set To Drift Lower As Focus Shifts To Fed Policy

(RTTNews) - Indian shares may open lower on Wednesday, mirroring weak global cues as investors await the Fed's interest-rate decision and Chair Jerome Powell's press conference later in the day for directional cues.

The Federal Reserve is widely expected to raise interest rates by another 75 basis points, although some see an outside chance for a 100-basis point rate hike.

Benchmark indexes Sensex and the Nifty rose about 1 percent each on Tuesday while the rupee settled 7 paise higher at 79.74 against the greenback.

Asian markets traded deep in the red, gold traded flat, and the dollar held steady, while oil extended overnight losses on worries about the outlook for energy demand.

The yield on two-year U.S. Treasury notes rose to almost a 15-year high and that on the benchmark ten-year note jumped to a new eleven-year high amid expectations of further policy tightening

U.S. stocks fell sharply overnight, and Treasury yields surged to multi-year highs as caution gripped markets ahead of the Fed's rate hike announcement.

Ford's warning of big problems with supply chains and input costs also raised concerns about earnings outlook.

The Dow and the tech-heavy Nasdaq Composite both shed around 1 percent while the S&P 500 dropped 1.1 percent.

European stocks ended lower on Tuesday as a measure of German producer prices soared to record levels and a full-point increase by Swedish central bank exceeded forecasts.

The pan European Stoxx 600 fell 1.1 percent. The German DAX gave up 1 percent, France's CAC 40 index declined 1.4 percent and the U.K.'s FTSE 100 dipped 0.6 percent.

read more
Indonesia Shares May Reverse Tuesday's Losses

Indonesia Shares May Reverse Tuesday's Losses

The Indonesia stock market headed south again on Tuesday, one day after snapping 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 7,900-point plateau although it's looking to bounce higher again on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.
RTTNews | 13 분 전
Australian Market Modestly Higher

Australian Market Modestly Higher

Australian shares are trading modestly higher on Wednesday, recouping the losses in the previous session, with the benchmark S&P/ASX 200 moving above the 8,950 level, following the broadly positive cues from Wall Street overnight, with gains in mining and financial stocks.
RTTNews | 19 분 전
Hong Kong Shares Expected To Open To The Upside

Hong Kong Shares Expected To Open To The Upside

The Hong Kong stock market on Tuesday ended the two-day winning streak in which it had advanced more than 825 points or 3.4 percent. The Hang Seng Index now rests just above the 25,520-point plateau although it may find renewed support on Wednesday.
RTTNews | 28 분 전
Higher Open Called For China Stock Market

Higher Open Called For China Stock Market

The China stock market on Tuesday halted the four-day winning streak in which it had rallied almost 160 points or 4.4 percent. The Shanghai Composite Index now sits just beneath the 3,870-point plateau although it may move back to the upside again on Wednesday.
RTTNews | 43 분 전
Win Streak May Continue For Taiwan Stock Market

Win Streak May Continue For Taiwan Stock Market

The Taiwan stock market has tracked higher in back-to-back sessions, gathering almost 540 points or 2.2 percent along the way. The Taiwan Stock Exchange now rests just above the 24,300-point plateau and it may add to its winnings again on Wednesday.
RTTNews | 1 시간 13 분 전
Singapore Stock Market Expected To Open In The Green

Singapore Stock Market Expected To Open In The Green

The Singapore stock market on Tuesday snapped the five-day winning streak in which it had climbed almost 70 points or 1.6 percent. The Straits Times Index now sits just above the 4,240-point plateau although it may move back above water on Wednesday.
RTTNews | 1 시간 43 분 전
Malaysia Stock Market Expected To Open To The Upside On Wednesday

Malaysia Stock Market Expected To Open To The Upside On Wednesday

The Malaysia stock market on Tuesday wrote a finish to the three-day winning streak in which it had collected almost 15 points or 0.9 percent. The Kuala Lumpur Composite Index now sits just above the 1,580-point plateau although it's likely to rebound on Wednesday.
RTTNews | 2 시간 13 분 전
Japan Stock Market May See Renewed Support

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.
RTTNews | 2 시간 28 분 전