Sensex, Nifty Climb As Inflation Worries Ebb

RTTNews | 1136 일 전
Sensex, Nifty Climb As Inflation Worries Ebb

(RTTNews) - Indian shares rose for a second straight session on Friday as traders pared down bets on where interest rates might peak.

The rate hike repricing sent 10-year U.S. Treasury yields to two-week lows while the dollar was on course for its first weekly decline this month on hopes that the recent decline in oil and other commodity prices will help reduce inflationary pressures.

The benchmark S&P BSE Sensex jumped 462.26 points, or 0.88 percent, to 52,727.98 while the broader NSE Nifty index settled at 15,699.25, up 142.60 points, or 0.92 percent, from its previous close.

Financials, FMCG and auto stocks topped the gainers list, with Hindustan Unilever, Bajaj Finance, IndusInd Bank, Hero MotoCorp and Mahindra & Mahindra rising 2-4 percent.

IT stocks underperformed, with Infosys and Tech Mahindra falling around 1 percent each.

read more
U.S. Construction Spending Unexpectedly Sees Further Downside In June

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.
RTTNews | 2 일 전
U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.
RTTNews | 2 일 전
U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.
RTTNews | 2 일 전
Eurozone Inflation Steady At 2% ECB Target

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.
RTTNews | 2 일 전