Sensex, Nifty Seen Up At Open On Wall Street Cues

RTTNews | 933 hari yang lalu
Sensex, Nifty Seen Up At Open On Wall Street Cues

(RTTNews) - Indian shares are likely to open higher on Wednesday, though volatility cannot be ruled out ahead of the Union Budget presentation, the Fed meeting outcome and the release of quarterly reports from the major tech players in the United States.

Adani Group stocks would be in focus once again after the Adani Enterprises FPO got fully subscribed on the final day of bidding Tuesday, aided by a last-minute surge in demand. A large portion of the offering was taken up by institutions and existing shareholders.

Benchmark indexes Sensex and Nifty recovered from an early slide to end marginally higher on Tuesday, while the rupee fell by 41 paise to close at 81.93 against the dollar amid significant foreign fund outflows.

Asian markets traded mostly higher this morning, gold held steady, and the dollar traded flat against major currencies, while oil steadied near three-week lows on signs of higher U.S. demand.

U.S. stocks rose overnight and Treasury yields fell as data showed a slowdown in the pace of growth in labor costs and a decline in consumer confidence, bolstering expectations of the Fed slowing its interest-rate increases. The Dow climbed 1.1 percent, the S&P 500 jumped 1.5 percent and the tech-heavy Nasdaq Composite added 1.7 percent.

European stocks fell on Tuesday despite solid Eurozone GDP data for the fourth quarter and better-than-expected earnings from the likes of UniCredit and UBS.

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

read more
Swiss Market Ends Weak

Swiss Market Ends Weak

The Switzerland market ended modestly lower on Thursday after languishing in negative territory right through the day's trading session, as the mood remained cautious with investors looking ahead to speeches from central bank chiefs at Federal Reserve's Jackson Hole Symposium.
RTTNews | 7j 26min yang lalu
European Stocks Close On Mixed Note Again

European Stocks Close On Mixed Note Again

European stocks turned in another mixed performance as investors stayed a bit cautious on Thursday, looking ahead to Federal Reserve's symposium at Jackson Hole, Wyoming, and largely shrugging off trade concerns. Investors also digested the latest batch of regional economic data, including flash estimates of manufacturing and services sector activity in the major economies.
RTTNews | 7j 42min yang lalu
Eurozone Consumer Confidence Weakens More Than Expected In August

Eurozone Consumer Confidence Weakens More Than Expected In August

Euro area consumer sentiment deteriorated more than expected in August to a four-month low, after a strong improvement in the previous month, preliminary results of the monthly survey by the European Commission revealed on Thursday.
RTTNews | 8j 31min yang lalu
U.S. Leading Economic Index Edges Down In Line With Estimates In July

U.S. Leading Economic Index Edges Down In Line With Estimates In July

A reading on leading U.S. economic indicators edged slightly lower in the month of July, according to a report released by the Conference Board on Thursday. The Conference Board said leading economic index slipped by 0.1 percent in July after falling by 0.3 percent in June. The modest decrease matched economist estimates.
RTTNews | 10j 26min yang lalu
U.S. Existing Home Sales Unexpectedly Rebound In July

U.S. Existing Home Sales Unexpectedly Rebound In July

The National Association of Realtors released a report on Thursday showing an unexpected rebound by existing home sales in the U.S. in the month of July. The report said existing home sales jumped by 2.0 percent to an annual rate of 4.01 million in July after tumbling by 2.7 percent to an annual rate of 3.93 million in June.
RTTNews | 10j 36min yang lalu