Reklāma

Sensex, Nifty Seen Opening On Flat Note

RTTNews | 566 days ago

(RTTNews) - Indian shares look set to open on a flat note Thursday as investors react to muted global cues, falling oil prices and a slight uptick in U.S. Treasury yields on expectations that U.S. inflation will remain high.

Benchmark indexes Sensex and Nifty ended Wednesday' session marginally higher while the rupee fell by 3 paise to close at 83.31 against the dollar.

Foreign institutional investors net sold shares worth Rs 306.56 crore on Wednesday, while domestic institutional investors bought shares worth Rs 721.24 crore, according to provisional data from NSE.

Asian stocks were mixed in range-bound trade this morning, with Japanese markets closed for a holiday.

China's property sector remained in focus as Shenzhen rolled out two new homebuying measures and the government placed Country Garden Holdings Co. and Sino-Ocean Group on a draft list of 50 developers eligible for a range of financing support.

The dollar lost some ground in Asian trading after rising on Wednesday. Gold nudged higher but traded below the crucial $2,000 per ounce level.

Oil extended loses, after having fallen nearly 1 percent on Wednesday on data showing a substantial build in U.S. crude stocks and news that the OPEC+ group of oil producing countries would delay a meeting to discuss output cuts.

U.S. stocks ended slightly higher overnight ahead of the Thanksgiving holiday. A spate of economic data, including jobless claims, durable goods, and consumer sentiment, suggested that the economy is softening but is still resilient enough to potentially avoid recession as the Federal Reserve prefers.

The Dow and the tech-heavy Nasdaq Composite both gained around half a percent while the S&P 500 inched up 0.4 percent.

European stocks mostly rose on Wednesday amid dovish Fed expectations, easing Middle East tensions and talk of early U.K. election. The pan European STOXX 600 inched up 0.3 percent.

The German DAX and France's CAC 40 both rose about 0.4 percent while the U.K.'s FTSE 100 eased 0.2 percent after the government cut taxes in the Autumn statement.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 30 minutes ago

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 2h 16min ago

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 2h 22min ago

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 3h 3min ago

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 4h 28min ago

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 4h 44min ago

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 5h 51min ago

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 6h 27min ago

EURUSD	1.14276	GBPUSD	1.35009	AUDUSD	0.65238
USDJPY	144.875	USDCAD	1.36728	USDCHF	0.82265