Sensex, Nifty May Follow Global Peers Higher

RTTNews | 574天前

(RTTNews) - Indian shares may open higher on Friday, mirroring positive cues from global markets.

Tech shares may lead the charge, driven by AI optimism and notable performances from chipmakers like Nvidia on Wall Street overnight.

Benchmark indexes Sensex and Nifty cut early losses to end down about half a percent each on Thursday while the rupee gained 2 paise to settle at 83.12 against the dollar.

Speaking at the World Economic Forum Annual Meeting 2024 at Davos, Reserve Bank of India Governor Shaktikanta Das on Wednesday clarified that Mint Street's efforts towards globalizing the rupee "are not intended to replace the dollar".

Asian markets were broadly higher this morning after Taiwan Semiconductor Manufacturing Co., the main supplier of chips to Apple Inc. and Nvidia Corp., said it sees a return to solid growth this quarter.

The dollar steadied and Treasury yields inched higher while oil was little changed after closing at a three-week high on escalating Middle East tensions.

U.S. stocks rose overnight as AI optimism buoyed tech stocks, offsetting investor anxiety surrounding possible interest rate cuts.

A measure of weekly jobless claims dropped to the lowest level in nearly 1-1/2 years in a sign of a tight labor market.

Atlanta Federal Reserve President Raphael Bostic said he expects policymakers to start cutting rates in the third quarter of this year and the goal ahead is to calibrate policy to be not so restrictive.

The tech-heavy Nasdaq Composite surged 1.4 percent, the S&P 500 added 0.9 percent and the Dow rose half a percent.

European stocks rose for the first time in three days on Thursday as investors reacted to upbeat corporate earnings and the release of the ECB's December meeting minutes.

The pan European STOXX 600 advanced 0.6 percent. The German DAX climbed 0.8 percent, France's CAC 40 jumped 1.1 percent and the U.K.'s FTSE 100 inched up 0.2 percent.

TSX Down Marginally In Lackluster Trade

Canadian stocks are turning in a mixed performance in somewhat lackluster trade on Friday, with investors focusing on the upcoming US - Russia summit that could help end the war in Ukraine.

RTTNews | 1小時50分鐘前

Swiss Market Ends On Firm Note

The Switzerland market ended on a firm note on Friday with stocks from across several sectors gaining ground on sustained buying support. The mood remained positive right through the day's session, amid some expectations about an end to the Ukraine war.

RTTNews | 2小時18分鐘前

European Stocks Close Mixed After Cautious Session

European stocks closed on a mixed note on Friday with investors largely staying cautious, awaiting the meeting of the Presidents of the U.S. and Russia, and continuing to assess Trump administration's tariff moves and their impact on global economic growth.

RTTNews | 2小時37分鐘前

U.S. Business Inventories Rise In Line With Estimates In June

A report released by the Commerce Department on Friday showed business inventories in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said business inventories rose by 0.2 percent in June after coming in unchanged in May. The uptick matched expectations.

RTTNews | 4小時14分鐘前

U.S. Consumer Sentiment Unexpectedly Deteriorates In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index fell to 58.6 in August from 61.7 in July. Economists had expected the index to inch up to 62.0.

RTTNews | 4小時32分鐘前

U.S. Industrial Production Pulls Back Slightly In July

A report released by the Federal Reserve on Friday showed a modest decrease by U.S. industrial production in the month of July. The Fed said industrial production edged down by 0.1 percent in July after climbing by an upwardly revised 0.4 percent in June. Economists had expected industrial production to come in unchanged.

RTTNews | 5小時1分鐘前

New York Manufacturing Index Unexpectedly Climbs To Nine-Month High In August

The Federal Reserve Bank of New York released a report on Friday showing regional manufacturing activity unexpectedly grew at a faster rate in the month of August. The New York Fed said its general business conditions index climbed to 11.9 in August from 5.5 in July, with a positive reading indicating growth. Economists had expected the index to fall to 0.5.

RTTNews | 5小時26分鐘前

U.S. Consumer Sentiment Index Unexpectedly Decreases In August

Consumer sentiment in the U.S. has unexpectedly deteriorated in the month of August, according to preliminary data released by the University of Michigan on Friday.

RTTNews | 5小時52分鐘前

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