Sensex, Nifty May See Modest Gains At Open

RTTNews | 614 days ago
Sensex, Nifty May See Modest Gains At Open

(RTTNews) - Indian shares may see modest gains at open on Friday as new economic data from the U.S. fueled hopes that the U.S. central bank will cut interest rates in the coming months.

As inflation worries ebb, investors now await the U.S. personal consumption expenditures (PCE) report later in the day for further direction.

Benchmark indexes Sensex and Nifty rose around half a percent each on Thursday after falling sharply the previous day.

Asian markets traded mixed this morning and gold held near three-week highs on falling Treasury yields, while oil is set for another weekly gain due to nervousness about the security of Red Sea shipping. Meanwhile, Angola's exit from OPEC put the spotlight on the group's unity.

U.S. stocks rose notably overnight, a day after the major indexes suffered their worst daily sell-off in months.

Investors digested a wave of data showing lower-than-expected GDP growth in the third quarter, downward revisions to both headline and core PCE inflation, historically low jobless claims and weakening regional business activity.

The Dow gained 0.9 percent, the tech-heavy Nasdaq Composite surged 1.3 percent and the S&P 500 rallied 1 percent.

European stocks closed lower on Thursday after two days of gains.

The pan European STOXX 600 eased 0.2 percent. The German DAX and the U.K.'s FTSE 100 both dipped around 0.3 percent while France's CAC 40 slipped 0.2 percent.

read more
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 | 38 minutes ago
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 | 1h 8min ago
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 | 1h 23min ago
Rebound Tipped For South Korea Stock Market

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses 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 | 1h 38min ago
TSX Modestly Higher As Financials, Mining Stocks Move Up

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.
RTTNews | 6h 12min ago
Swiss Market Settles Weak

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.
RTTNews | 6h 29min ago