Sensex, Nifty To Open On Cautious Note As Oil Prices Surge

RTTNews | 583 일 전

(RTTNews) - Indian shares look set to open on a flat note Friday as investors react to hotter-than-expected U.S. inflation print and a surge in oil prices after U.K. allowed military action in Yemen.

Traders await financial results from Wipro and HCL Technologies later in the day after the Q3 earnings for FY24 began on a weak note.

While TCS posted a low single-digit rise in net profit, Infosys saw its profit fall 7 percent.

On the data front, domestic CPI inflation numbers and industrial production data are due.

Benchmark indexes Sensex and Nifty ended marginally higher on Thursday to extend gains for a third day running.

Asian markets traded mixed this morning, with the Nikkei extending its record-breaking rally on dovish BOJ bets.

Chinese and Hong Kong markets were seeing modest gains after mixed inflation readings and ahead of Taiwan's presidential and legislative elections.

China's CPI grew slightly in December, while PPI inflation remained in contraction for a fifteenth consecutive month, separate data showed.

The dollar held steady in Asian trade while gold edged up slightly, after having fallen to a one-month low the previous day.

Oil prices traded higher by about 1 percent after Iran seized an oil tanker off the coast of Oman and the U.S. and Britain hinted they may act against Houthis in Yemen.

U.S. stocks climbed well off their worst levels of the day to end narrowly mixed overnight as hotter-than-expected inflation data dented rate cut hopes.

The CPI reading accelerated to 3.4 per cent year-on-year in December from 3.1 percent the previous month while the core inflation rate slowed to 3.9 percent from 4.0 percent.

Federal Reserve Bank of Cleveland President Loretta Mester said in an interview that it was premature to consider cutting interest rates as soon as March.

Richmond Fed President Thomas Barkin said that the latest data did little to clarify the path of inflation.

European stocks erased earlier gains to end notably lower on Thursday. The pan European STOXX 600 gave up 0.8 percent.

The German DAX shed 0.9 percent, France's CAC 40 dropped half a percent and the U.K.'s FTSE 100 declined 1 percent.

Euro Higher Against Majors

The euro appreciated against its major counterparts in the New York session on Friday.

RTTNews | 1 일 전

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | 1 일 전

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | 2 일 전

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | 2 일 전

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | 2 일 전

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 2 일 전

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | 2 일 전

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | 2 일 전

EURUSD	1.1698	GBPUSD	1.3551	AUDUSD	0.6504
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