Reklāma

Indian Markets Closed For Guru Nanak Jayanti

RTTNews | 642 days ago

(RTTNews) - Indian markets remain closed today on account of Guru Nanak Jayanti.

The week ahead may see volatility as investors await macroeconomic data and the expiry of monthly derivative contracts.

India's Q2 GDP data and the infrastructure output data for October will be released on Thursday while the manufacturing PMI numbers will be out on Friday.

Automakers may react to monthly sales data releases for November. Investors will also closely monitor movements in bond and oil markets for direction.

Benchmark indexes Sensex and Nifty eked out modest gains last week as yields declined and the dollar weakened amid optimism that the Federal Reserve is done hiking interest rates.

Asian markets were mostly lower this morning and U.S. stock futures declined as investors looked ahead to the release of U.S. GDP data, U.S. PMI figures and Eurozone core CPI numbers this week for important clues to growth and rate outlook.

Traders watched the latest developments in the Middle East after U.S. President Joe Biden said he hopes to extend the pause in the Israeli-Hamas war beyond the original four-day deal to facilitate more hostage releases.

The dollar started the week on a back foot and gold traded firm above the key $2,000 per ounce level while oil prices slipped ahead of an upcoming OPEC+ meeting.

U.S. stocks ended a lackluster shortened trading session narrowly mixed on Friday post the Thanksgiving holiday. Retail shares rose slightly as Black Friday kicked off the holiday shopping season.

The tech-heavy Nasdaq Composite edged down 0.1 percent, while the S&P 500 ended with a positive bias and the Dow inched up 0.3 percent to reach its highest level in well over three months.

European stocks rose on Friday to mark a second week of gains as investors reacted positively to news of temporary pause in fighting in the Middle East.

The pan European STOXX 600 gained 0.3 percent. The German DAX and France's CAC 40 both rose around 0.2 percent while the U.K.'s FTSE 100 finished marginally higher.

U.S. Dollar Falls Against Most Majors

The U.S. dollar weakened against its most major counterparts in the New York session on Friday.

RTTNews | 4h 38min ago

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.

RTTNews | 5h 57min ago

Canadian Market Up In Positive Territory; BRP Rises Sharply On Strong Earnings

Despite weak GDP data, the Canadian market is up firmly in positive territory Friday afternoon with stocks from materials and healthcare sectors contributing significantly to the gains.

RTTNews | 8h 10min ago

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.

RTTNews | 8h 47min ago

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.

RTTNews | 9h 15min ago

U.S. Consumer Sentiment Deteriorates Slightly More Than Initially Estimated In August

The University of Michigan released a report on Friday showing consumer sentiment in the U.S. deteriorated by slightly more than previously estimated in the month of August. The report said the consumer sentiment index for August was downwardly revised to 58.2 from the preliminary reading of 58.6.

RTTNews | 12h 0min ago

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.

RTTNews | 12h 19min ago

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.

RTTNews | 13h 2min ago

EURUSD	1.1684	GBPUSD	1.34987	AUDUSD	0.6538
USDJPY	147.04	USDCAD	1.3741	USDCHF	0.80047