Reklāma

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

RTTNews | 174 days ago

(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.

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 | 3h 49min ago

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 | 4h 20min ago

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 | 4h 30min ago

Bank Of England Cuts Rate In Tight Vote

The Bank of England reduced its benchmark interest rate in a close call on Thursday suggesting that the monetary easing cycle is nearing an end as policymakers became more concerned about persistent inflation. The Monetary Policy Committee, headed by BoE Governor Andrew Bailey, voted 5-4 to cut the bank rate by 25 basis points to 4.00 percent.

RTTNews | 5h 27min ago

Global Cues, Firm Commodity Prices Point To Another Firm Start On Bay Street

Canadian shares are likely to open higher Thursday morning, tracking positive global cues and higher commodity prices.

RTTNews | 6h 10min ago

U.S. Labor Productivity Surges 2.4% In Second Quarter

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.

RTTNews | 6h 17min ago

U.S. Weekly Jobless Claims Rise More Than Expected

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.

RTTNews | 6h 24min ago

Pound Jumps After BoE Rate Decision

The British pound strengthened against other major currencies in the European session on Thursday the Bank of England (BoE) reduced UK interest rates by a quarter point, making it the fifth reduction in a year, although almost half of its policymakers opted to maintain borrowing costs.

RTTNews | 6h 51min ago

EURUSD	1.16243	GBPUSD	1.34105	AUDUSD	0.64985
USDJPY	147.544	USDCAD	1.37639	USDCHF	0.80807