Sensex, Nifty Set To Follow Global Peers Higher As Trade Concerns Ease

RTTNews | 175 일 전

(RTTNews) - Indian shares may follow global peers higher on Friday after U.S. President Donald Trump announced a new reciprocal tariff plan, aiming to match levies imposed by other nations, but delayed any immediate action, raising the prospect for negotiations.

Defense stocks could be in focus today after Trump said the United States will be increasing its military sales to India by billions of dollars and his administration is paving the way to provide India with F35 Stealth fighters.

Benchmark indexes Sensex and Nifty erased early gains to end marginally lower on Thursday, extending losses for a seventh day running. The rupee settled 3 paise higher at 86.92 against the dollar.

Union Finance Minister Nirmala Sitharaman on Thursday allayed concerns around the recent depreciation of rupee and said the government and the Reserve Bank of India are working to stabilize it and would continue to keep vigil on the fluctuation in the currency.

Asian markets were mixed this morning while Treasures and the dollar index were little changed. Gold was set for a seventh weekly gain amid concerns of a global trade war. Oil steadied after a modest decline on Thursday.

U.S. stocks rose sharply overnight to close near record highs while Treasury yields tumbled as data showed producer prices increased solidly in January, but components of the Federal Reserve's preferred inflation reading were relatively tame, adding to hopes the PCE reading may be cooler than currently expected.

Sentiment was also buoyed by hopes of a resolution to the Ukraine war and President Trump's decision to delay the implementation of his much-hyped additional tariffs on foreign goods.

The tech-heavy Nasdaq Composite surged 1.5 percent, the S&P 500 rallied 1 percent and the Dow added 0.8 percent.

European stocks hit a record high on Thursday amid a flurry of earnings and rising hopes of an end to the Russia-Ukraine conflict.

The pan European STOXX 600 gained 1.1 percent. The German DAX climbed 2.1 percent and France's CAC 40 advanced 1.5 percent while the U.K.'s FTSE 100 dipped half a percent.

Malaysia Stock Market May Be Stuck In Neutral On Friday

The Malaysia stock market has moved higher in three straight sessions, collecting more than 20 points or 1.5 percent along the way. The Kuala Lumpur Composite Index now sits just beneath the 1,550-point plateau although it's due for consolidation on Friday.

RTTNews | 12 분 전

Win Streak May End For Japan Stock Market

The Japan stock market has moved higher in three consecutive sessions, advancing more than 760 points or 1.9 percent along the way. The Nikkei 225 now sits just shy of the 41,060-point plateau although it may spin its wheels on Friday.

RTTNews | 27 분 전

South Korea Shares May Run Out Of Steam On Friday

The South Korea stock market has moved higher in four straight sessions, advancing almost 110 points or 3.6 percent along the way. The KOSPI now sits just above the 3,225-point plateau although the rally may stall on Friday.

RTTNews | 42 분 전

Japan Data On Tap For Friday

Japan will release a batch of data on Friday, headlining a modest day for Asia-Pacific economic activity. On tap are June figures for household spending and current account and July numbers for bank lending and the eco watchers survey.

RTTNews | 1 시간 42 분 전

U.S. Dollar Rises As Waller Emerges As Potential Fed Chair Successor

The U.S. dollar climbed against its most major counterparts in the New York session on Thursday, as Federal Reserve governor Christopher Waller emerged as a top candidate to replace Chair Jerome Powell.

RTTNews | 2 시간 29 분 전

U.S. Wholesale Inventories Inch Up Less Than Expected In June

Wholesale inventories in the U.S. crept up by less than expected in the month of June, according to a report released by the Commerce Department on Thursday. The Commerce Department said wholesale inventories inched up by 0.1 percent in June after falling by 0.3 percent in May. Economists had expected wholesale inventories to rise by 0.2 percent, in line with the preliminary estimate.

RTTNews | 8 시간 34 분 전

U.S. Labor Productivity Rebounds Roughly In Line With Estimates In Q2

Labor productivity in the U.S. saw a significant rebound in the second quarter of 2025, according to preliminary data released by the Labor Department on Thursday. The report said labor productivity shot up by 2.4 percent in the second quarter after tumbling by a downwardly revised 1.8 percent in the first quarter.

RTTNews | 9 시간 5 분 전

U.S. Jobless Claims Rise More Than Expected To 226,000

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 2nd. The Labor Department said initial jobless claims climbed to 226,000, an increase of 7,000 from the previous week's revised level of 219,000.

RTTNews | 9 시간 16 분 전

EURUSD	1.16773	GBPUSD	1.34503	AUDUSD	0.6527
USDJPY	146.831	USDCAD	1.3735	USDCHF	0.80566

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Sensex, Nifty Set To Follow Global Peers Higher As Trade Concerns Ease