Sensex, Nifty Set To Open Lower After US Selloff

RTTNews | 215 hari yang lalu

(RTTNews) - Indian shares may open lower on Thursday as investors react to escalating geopolitical tensions, rising U.S. Treasury yields and a lack of progress on U.S. trade talks with partners.

Meanwhile, media reports suggest that G7 ministers are seeking to downplay disputes over U.S. tariffs and striving to issue a joint communique covering non-tariff issues to keep the forum viable.

Benchmark indexes Sensex and Nifty rose around half a percent each on Wednesday to snap a three-day losing streak. The rupee settled marginally lower by 1 paisa at 85.59 against the greenback.

Asian stocks followed Wall Street lower due to fears over U.S. government borrowing and budget deficit.

Treasuries continued their slide, and the dollar slid for a fourth consecutive session while oil extended declines on worries about an oversupplied market following a surprise inventory build.

Gold extended gains for a fourth session, rising above $3,340 per ounce in Asian trade.

Wall Street saw one of its most brutal selling sessions overnight in over a month as a deteriorating U.S. fiscal outlook and poor response to the 20-year bond auction led to a spike in bond yields.

The thirty-year bond yield climbed above 5 percent due to concerns a new U.S. tax bill could worsen the country's deficit.

Downbeat news from companies such as UnitedHealth Group, Target and Wolfspeed also added to the selling pressure.

The Dow plunged 1.9 percent, the S&P 500 gave up 1.6 percent and the tech-heavy Nasdaq Composite tumbled 1.4 percent.

European stocks ended mixed on Wednesday as uncertainty prevailed in U.S.-Iran and Russia-Ukraine peace talks and data showed U.K. inflation surged to its highest level since January 2024 in April.

The pan European STOXX 600 finished marginally lower. The German DAX rose 0.4 percent and the U.K.'s FTSE100 edged up marginally while France's CAC 40 dipped 0.4 percent.

Australian Market Sharply Extends Early Gains In Mid-market

The Australian stock market is sharply expending the early gains in mid-market trading on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,750 level, with gains across most sectors led by financial and technology stocks.

RTTNews | 1j 4min yang lalu

Indian Shares Look Headed For Another Positive Start

It's likely to be a firm start for Indian shares on Tuesday with investors set to track positive cues from Wall Street and Asian markets. A drop in oil prices is also likely to aid sentiment.

RTTNews | 1j 12min yang lalu

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Tuesday, following the broadly positive cues from Wall Street overnight, as the markets extend their gains boosted continued strength among technology stocks. Major currencies in the region also strengthened against the US dollar. Asian markets closed mostly higher on Monday.

RTTNews | 1j 16min yang lalu

Canadian Dollar Rises Against U.S. Dollar

The Canadian dollar advanced against the U.S. dollar in the New York session on Monday.

RTTNews | 2j 37min yang lalu

Hong Kong Stock Market Tipped To Open In The Green

The Hong Kong stock market has moved higher in four straight sessions, collecting more than 560 points or 2.2 percent in that span. The Hang Seng Index now sits just above the 25,800-point plateau and it may see additional support on Tuesday. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3j 13min yang lalu

Japanese Market Slightly Higher

The Japanese stock market is trading slightly higher on Tuesday, extending the gains in the previous two sessions, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 50,400 level, with gains in exporters and financial stocks partially offset by weakness in index heavyweights and technology stocks.

RTTNews | 3j 19min yang lalu

Win Streak May Continue For China Stock Market

The China stock market has moved higher in four straight sessions, advancing more than 90 points or 2.3 percent along the way. The Shanghai Composite Index now sits just beneath the 3,920-point plateau and it has a solid lead for Tuesday's trade. The global forecast for the Asian markets is mixed to higher, with gold, oil and technology shares likely to lead the way higher. The European markets were down and the U.S. bourses were up and the Asian markets figure to follow the latter lead.

RTTNews | 3j 28min yang lalu

Australian Market Modestly Higher

The Australian stock market is trading modestly higher on Tuesday, adding to the gains in the previous three sessions, following the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving well above the 8,700 level, with a mixed performance across most sectors ahead of the release of The Reserve Bank of Australia's minutes of the latest monetary policy meeting.

RTTNews | 3j 38min yang lalu

EURUSD	1.17752	GBPUSD	1.34837	AUDUSD	0.6665
USDJPY	156.297	USDCAD	1.37373	USDCHF	0.78956