Sensex, Nifty Likely To See Gap-up Opening

RTTNews | hace 1041
Sensex, Nifty Likely To See Gap-up Opening

(RTTNews) - Indian shares are seen opening sharply higher on Monday, mirroring positive cues from global markets on hopes that U.S. inflation is peaking and that the world's largest economy is still on a solid footing.

Volatility is likely to remain high this week due to the expiry of monthly derivatives contracts and the U.S. quarterly GDP data due on Wednesday. The U.S. will officially enter into a recession if it posts negative growth.

OPEC is set to hold an ordinary meeting on June 29 followed by a meeting of OPEC and non-OPEC members on June 30.

Closer home, India's retail inflation is showing signs of peaking and the required policy actions will be more moderate than in the rest of the world, said Reserve Bank of India (RBI) deputy governor Michael Patra.

Asian markets followed Wall Street higher and Treasury yields were subdued while the dollar held near the lowest in more than a week. Oil extended gains after having settled up by more than $3 a barrel on Friday.

U.S. stocks rose sharply on Friday to snap a three-week losing streak as housing data surprised on the upside and a widely followed consumer sentiment survey showed a slight easing of inflation expectations.

The Dow climbed 2.7 percent to cap its first weekly advance since May despite a pair of U.S. central bankers supporting further sharp interest rate hikes to stem rapid price rises. The tech-heavy Nasdaq Composite surged 3.3 percent and the S&P 500 added 3.1 percent.

European stocks also posted strong gains on Friday despite a batch of weak economic data. The pan European Stoxx 600 surged 2.6 percent, logging its best single-day gain in more than three months.

The German DAX rallied 1.6 percent, France's CAC 40 index climbed 3.2 percent and the U.K.'s FTSE 100 advanced 2.7 percent.

read more
U.S. Dollar Recovers After Jobs Data

U.S. Dollar Recovers After Jobs Data

The U.S. dollar rebounded against its major counterparts in the New York session on Friday, after the release of better-than-expected non farm payrolls report for April.
RTTNews | hace 5h 3min
Swiss Market Ends On Bright Note

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.
RTTNews | hace 7h 43min
European Stocks Close On Buoyant Note

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.
RTTNews | hace 8h 5min
Canadian Market Up Firmly In Positive Territory

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.
RTTNews | hace 9h 2min
U.S. Factory Orders Spike Slightly Less Than Expected In March

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.
RTTNews | hace 11h 0min
U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.
RTTNews | hace 11h 54min
Eurozone Inflation Remains Stable At 2.2%

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.
RTTNews | hace 12h 18min
Eurozone Manufacturing Activity Shrinks At Slower Pace

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.
RTTNews | hace 12h 30min