Sensex, Nifty Set To Climb After US Tech Rally

RTTNews | 581 hari yang lalu

(RTTNews) - Indian shares are likely to open on an upbeat note Tuesday on the back of a sharp fall in oil prices overnight and easing bond yields on expectations of near-term interest rate cuts in the U.S.

Benchmark indexes Sensex and Nifty fell around 0.9 percent each to reach a two-week low on Monday while the rupee settled almost flat at 83.14 against the dollar.

Asian markets followed Wall Street higher ahead of key U.S. inflation data and bank earnings this week.

China hinted at more easing with possible reserve ratio cut to create favorable financial conditions for the country's economic growth,

The U.S. dollar and Treasury yields eased, helping gold prices push higher. Oil prices were seeing modest gains after falling around 4 percent on Monday amid demand worries after sharp price cuts by top exporter Saudi Arabia.

U.S. stocks ended on a buoyant note overnight after a New York Federal Reserve report said consumers expect lower inflation as well as weaker income and spending over the next several years.

Meanwhile, Atlanta Fed President Raphael Bostic reiterated his expectation of two rate cuts by the Fed this year.

The tech-heavy Nasdaq Composite surged 2.2 percent, its best day since November on the back of lower Treasury yields and Nvidia's CES announcements. The S&P 500 rallied 1.4 percent and the Dow rose 0.6 percent.

European stocks reversed early losses to close higher on Monday as tumbling oil prices fueled hopes of lower inflation and interest rate cuts.

The pan European STOXX 600 gained 0.4 percent. The German DAX climbed 0.7 percent, France's CAC 40 added 0.4 percent and the U.K.'s FTSE 100 finished marginally higher.

Australian Market Trims Early Gains In Mid-market

The Australian stock market is trimming its early gains in mid-market trading on Tuesday, but extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks partially offset by weakness in mining and technology stocks.

RTTNews | 54 minit yang lalu

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, despite the broadly negative cues from Wall Street overnight, with the Australian and the Japanese markets hitting record all-time highs, as the U.S. and China agreed to extend their tariff truce for another 90 days. Optimism about the US Fed cutting interest rate at its next meeting is also aiding market sentiment.

RTTNews | 1j 32min yang lalu

Sensex, Nifty Set For Muted Open On Mixed Global Cues

Indian shares are seen opening flat to slightly lower on Tuesday after rising sharply in the previous session as the announcement of a meeting between Russian President Vladimir Putin and U.S. President Donald Trump has fueled expectations of a potential end to sanctions limiting supply of Russian oil to other markets.

RTTNews | 2j 4min yang lalu

Japanese Market Sharply Higher; Up 2%

The Japanese stock market is trading sharply higher on Tuesday, extending the gains in the previous five sessions, despite the broadly negative cues from Wall Street overnight, with the Nikkei 225 surging over 2 percent near the 42,700 level to record all-time highs, with gains across all sectors led by index heavyweights, technology and financial stocks.

RTTNews | 2j 58min yang lalu

Indonesia Stock Market May Be Stuck In Neutral On Tuesday

The Indonesia stock market has tracked higher in back-to-back sessions, improving more than 115 points or 15 percent along the way. The Jakarta Composite Index now sits just above the 7,600-point plateau although it's expected to open in the red on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3j 6min yang lalu

Renewed Consolidation Likely For Hong Kong Stock Market

The Hong Kong stock market moved higher again on Monday, one session after snapping the four-day winning streak in which it had rallied more than 570 points or 2.4 percent. The Hang Seng Index now rests just above the 24,900-point plateau although it may hand back those gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3j 21min yang lalu

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday after opening in the red, extending the gains in the previous session, despite the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,850 level to fresh all-time high, with gains in financial and energy stocks and a mixed performance in mining and technology stocks.

RTTNews | 3j 28min yang lalu

China Stock Market May Hand Back Monday's Gains

The China stock market bounced higher again on Monday, one session after halting the four-day winning streak in which it had gathered almost 80 points or 2.4 percent. The Shanghai Composite Index now sits just beneath the 3,650-point plateau although it's likely to head south again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 3j 36min yang lalu

EURUSD	1.16216	GBPUSD	1.34307	AUDUSD	0.65076
USDJPY	148.401	USDCAD	1.37795	USDCHF	0.81119