Sensex, Nifty Set To Follow Global Peers Lower

RTTNews | 573 hari yang lalu

(RTTNews) - Indian shares look set to open on a sluggish note Wednesday as investors fret over rising tensions in the Middle East and the U.S. interest-rate outlook.

The first policy meeting of the RB's rate-setting panel for FY25 is scheduled this week from April 3-5, 2024. A status quo on rates is likely, given the backdrop of strong growth and inflation persistently exceeding the MPC's target.

Investors also await Q4 earnings results, with major IT companies expected to report muted revenue growth.

Benchmark indexes Sensex and Nifty ended a choppy session marginally lower on Tuesday, while the rupee ended little changed.

Asian markets traded lower this morning, with benchmark indexes in Australia, South Korea and Japan falling over 1 percent as hopes for an early Fed rate cut faded.

Higher commodity prices as well as heightened tensions in the Middle East fueled fresh concerns about inflation and the interest-rate outlook.

The dollar was little changed in Asian trading ahead of Fed Chair Jerome Powell's speech later in the day and the release of the highly anticipated U.S. jobs report later in the week.

Gold prices extended their record rally amid growing West Asia tensions. Likewise, oil extended a rally on industry data showing a drawdown in U.S. crude inventories.

U.S. stocks ended lower overnight as the yield on the benchmark ten-year note reached a four-month high on comments from Fed officials signaling higher interest rates for longer.

Encouraging readings on job openings and factory orders also added to skepticism about the pace of Fed easing.

The Dow gave up 1 percent and the S&P 500 dipped 0.7 percent to extend Monday's losses while the tech-heavy Nasdaq Composite declined 1 percent.

European stocks closed lower on Tuesday after the release of euro zone manufacturing, German inflation and U.K. house price data.

The pan European STOXX 600 shed 0.8 percent as trading resumed after a long holiday weekend.

The German DAX lost 1.1 percent, France's CAC 40 dipped 0.9 percent and the U.K.'s FTSE 100 slid 0.2 percent.

Canadian Market Advances; Cameco, Celestica Up Sharply

The Canadian market is up in positive territory around late morning on Tuesday thanks to gains in technology stocks. Energy stocks are weak, weighed down by a sharp drop in crude oil prices.

RTTNews | 59 minit yang lalu

U.S. Consumer Confidence Edges Modestly Lower In October

Consumer confidence in the U.S. saw a modest deterioration in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dipped to 94.6 in October from an upwardly revised 95.6 in September.

RTTNews | 2j 24min yang lalu

PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

Shares of PayPal Holdings, Inc. were gaining around 15 percent in the pre-market activity on the Nasdaq, after the company issued earnings forecast for its fourth quarter expecting year-over-year growth, and raised fiscal 2025 outlook above the market estimates. The payment technology major also initiated quarterly cash dividend after reporting higher third-quarter results above market.

RTTNews | 3j 40min yang lalu

Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Canadian market is likely to open on a negative note Tuesday morning, weighed down by falling crude oil and gold prices. The mood is likely to remain cautious ahead of the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday.

RTTNews | 4j 5min yang lalu

German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German consumer confidence is likely to continue its downward trend in November on weaker income expectations, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday. The forward-looking consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.

RTTNews | 4j 56min yang lalu

UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

Shares of United Parcel Service Inc. were gaining around 9 percent in the pre-market activity on Tuesday after the logistics major issued fourth-quarter outlook for revenues above market estimates after the third-quarter adjusted earnings and top line beat the Street. On a reported basis, third-quarter earnings were down mainly as revenues were hit by weak results in U.S. Domestic and Supply Chain

RTTNews | 5j 13min yang lalu

FTSE 100 Flat; HSBC Holdings, Airtel Africa Rise After Results

U.K.'s FTSE 100 index is moving in a very narrow range on Tuesday with stocks turning in a mixed performance as investors react to earnings updates, and look ahead to crucial central bank meetings, and continue to follow the developments on the trade front for further direction.

RTTNews | 5j 39min yang lalu

CAC 40 Down Slightly; Earnings In Focus

French stocks are turning in a mixed performance on Tuesday with investors reacting to some quarterly earnings announcements, and awaiting the upcoming meeting of U.S. President Donald Trump and Chinese President Xi Jinping, and monetary policy decisions from central banks, including the European Central Bank, the Federal Reserve and the Bank of Japan.

RTTNews | 6j 12min yang lalu

EURUSD	1.16551	GBPUSD	1.32796	AUDUSD	0.65848
USDJPY	152.199	USDCAD	1.39482	USDCHF	0.79348