Sensex, Nifty Seen Flat To Slightly Lower At Open

RTTNews | 883日前
Sensex, Nifty Seen Flat To Slightly Lower At Open

(RTTNews) - Indian shares may open flat to slightly lower on Thursday, as risk sentiment soured amid expectations that the Fed will retain a sufficiently restrictive stance of policy for some time to cool prices.

U.S.-China tensions may also weigh after U.S. President Joe Biden vowed he would not hesitate to defend his country's interests against China in the backdrop of the downing of an alleged Chinese spy balloon by the U.S. air force.

China vowed to "firmly defend" its interests, but also said it was opposed to using competition to define the entire Sino-U.S. relationship.

Adani Group stocks would continue to remain in focus, with a Bloomberg report suggesting that the Group is planning to prepay a $500 million loan due next month to a group of foreign banks including Barclays Plc and Standard Chartered.

Benchmark indexes Sensex and Nifty jumped 0.6 percent and 0.8 percent, respectively on Wednesday as the RBI announced a smaller 25-basis points rate hike and said that domestic banks' exposure to the Adani Group is "not very significant". The rupee rose by 19 paise to close at 82.51 against the dollar.

Asian markets traded mixed this morning, with Chinese and Hong Kong stocks rising.

The dollar was little changed as investors looked ahead to U.S. inflation data due next week for additional clues on the rate outlook. Gold traded flat while oil extended gains for a fourth straight session.

U.S. stocks fell overnight after New York Fed President John Williams said interest rates may need to be kept at an elevated level for a "few years" to bring down inflation.

Governor Christopher Waller warned of interest rates going higher than expectations while Governor Lisa Cook said the big job gains in January with moderating wage growth increased her hopes for a "soft landing".

The Dow slipped 0.6 percent, the S&P 500 dropped 1.1 percent and the tech-heavy Nasdaq Composite tumbled 1.7 percent.

European stocks ended Tuesday's session broadly higher following Fed Chair Jerome Powell's comments that inflation has started easing.

The pan European STOXX 600 gained 0.3 percent. The German DAX rose 0.6 percent and the U.K.'s FTSE 100 added 0.3 percent, while France's CAC 40 index eased 0.2 percent.

read more
European Economic News Preview: UK GDP, Foreign Trade Data Due

European Economic News Preview: UK GDP, Foreign Trade Data Due

Monthly GDP and foreign trade from the UK and final inflation from France are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK GDP, industrial production and foreign trade data. Economists forecast the economy to grow 0.1 percent on a monthly basis in May, in contrast to the 0.3 percent fall in April.
RTTNews | 2時25分前
Australian Market Slips To Modest Losses In Mid-market

Australian Market Slips To Modest Losses In Mid-market

The Australian stock market is slipping to modest losses in mid-market moves on Friday after opening in the green, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness in gold miner and energy stocks partially offset by gains in iron ore miner stocks.
RTTNews | 4時1分前
Asian Markets Trade Mostly Higher

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, as traders hope for an end to the tariff uncertainty after US President Donald Trump confirmed he will not extend the August 1 deadline for striking trade deals, though he continues to threaten higher reciprocal tariffs on various sectors and countries.
RTTNews | 4時7分前