Sensex, Nifty Climb On Trade Deal Optimism

RTTNews | Před 12 dny
Sensex, Nifty Climb On Trade Deal Optimism

(RTTNews) - Indian shares rose notably on Wednesday, mirroring firm global cues after U.S. President Donald Trump announced trade agreements with Japan and the Philippines, easing concerns about the tariff war.

The prospects of an EU-U.S. trade agreement also improved after Trump said that EU representatives would come for trade negotiations on Wednesday.

Separately, U.S. Treasury Secretary Scott Bessent said he will meet his Chinese counterparts in Stockholm next week for their third round of trade talks and will work out what is likely an extension" to the current Aug. 12 deadline for negotiations.

Closer home, India and the United Kingdom are set to sign a free trade agreement (FTA) on Thursday, resetting bilateral trade ties and potentially increasing two-way trade by billions of dollars annually.

However, hopes for an interim India-U.S. trade deal remain dim due to ongoing tariff disputes on key agricultural goods.

The BSE Sensex surged 539.83 points, or 0.66 percent, to 82,726.64 while the broader NSE Nifty index closed up 159 points, or 0.63 percent, at 25,219.90.

Broader indexes followed suit, with the BSE mid-cap and small-cap indexes rising 0.2 percent and 0.1 percent, respectively.

The market breadth was strong on the BSE, with 2,025 shares rising while 2,003 shares declined and 170 shares closed unchanged.

The positive momentum was led by rate-sensitive auto and financial stocks.

Among the top gainers, ICICI Bank, Bajaj FinServ, Maruti Suzuki India, Bajaj Finance, Bharti Airtel and Tata Motors gained between 1 percent and 2.5 percent.

read more
U.S. Factory Orders Pull Back Sharply In June

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.
RTTNews | Před 2 h 45 min
Weak Jobs Data Limits Dollar's Rebound

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.
RTTNews | Před 2 h 47 min
Eurozone Investor Sentiment Weakens Unexpectedly

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.
RTTNews | Před 4 h 5 min
Bay Street Seen Opening On Cautious Note

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.
RTTNews | Před 4 h 13 min
FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.
RTTNews | Před 5 h 4 min
Indian Rupee Falls To 4-day Low Against U.S. Dollar

Indian Rupee Falls To 4-day Low Against U.S. Dollar

The Indian rupee weakened against the U.S. dollar in the European session on Monday, as investors await the announcement of the interest rate decision by the Reserve Bank of India (RBI) on Wednesday.
RTTNews | Před 5 h 27 min
CAC Moderately Higher As Stocks Recover From Recent Setback

CAC Moderately Higher As Stocks Recover From Recent Setback

The French stock market is up firmly in positive territory on Monday with several counters from across various sectors attracting buyers after last week's decline following a sweeping tariff announcement from U.S. President Donald Trump.
RTTNews | Před 5 h 33 min
DAX Up 1.1% As Stocks Rebound From Recent Losses

DAX Up 1.1% As Stocks Rebound From Recent Losses

German stocks are up firmly in positive territory on Monday, recovering well from recent losses, as investors look past last week's tariff announcement from U.S. President Donald Trump and focusing on recent earnings.
RTTNews | Před 5 h 51 min