Sensex, Nifty Seen Higher At Open

RTTNews | 577 days ago

(RTTNews) - Indian shares look set to open a tad higher on Monday as investors digest macroeconomic data and await quarterly earnings results from HDFC Bank, Hindustan Unilever, Asian Paints, IndusInd and UltraTech Cement this week.

Oil price movements, investment by FPIs, geopolitical tensions and WPI data will also be monitored.

India's consumer price inflation accelerated further in December to the highest level in four months on food prices but remained within the central bank's tolerance band of 2-6 percent, official data showed on Friday.

The CPI rose an annual 5.69 percent in December, following October's 5.55 percent gain. The actual inflation was below economists' forecast of 5.87 percent.

Meanwhile, industrial output growth weakened more than expected in November.

Industrial output registered an annual increase of 2.4 percent after posting a double-digit revised expansion of 11.6 percent in October.

Wipro on Friday reported a better-than-expected rise in Q3 revenue while HCL Technologies slightly reduced its revenue growth guidance for FY24.

Asian markets were broadly lower this morning ahead of a busy week packed with key Chinese economic readings, U.S. retail sales data and earnings reports from Goldman Sachs and Morgan Stanley.

Financial markets showed little reaction to news of agreement on a two-tranche stopgap bill to avert U.S. government shutdown and the victory of the ruling, pro-independence Democratic Progressive Party in Taiwan.

The dollar wobbled in Asian trade while oil and gold were seeing modest gains.

U.S. stocks ended little changed on Friday as investors reacted to mixed corporate earnings and cooler-than-expected producer price inflation data. The S&P 500 and the tech-heavy Nasdaq Composite both inched up marginally while the Dow slipped 0.3 percent.

European stocks closed higher on Friday after upbeat U.K. GDP data and dovish comments from ECB President Christine Lagarde.

The pan European STOXX 600 climbed 0.8 percent. The German DAX rallied 1 percent, France's CAC 40 jumped 1.1 percent and the U.K.'s FTSE 100 added 0.6 percent.

U.S. Producer Price Growth Far Exceeds Estimates In July

Producer prices in the U.S. increased by much more than expected in the month of July, the Labor Department revealed in a report released on Thursday. The Labor Department said its producer price index for final demand shot up by 0.9 percent in July after coming in unchanged in June. Economists had expected producer prices to rise by 0.2 percent.

RTTNews | 2h 29min ago

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

The Labor Department released a report on Thursday unexpectedly showing a modest decrease by first-time claims for U.S. unemployment benefits in the week ended August 9th. The report said initial jobless claims dipped to 224,000, a decrease of 3,000 from the previous week's revised level of 227,000.

RTTNews | 3h 1min ago

UK GDP Rises More Than Expected

The UK economy expanded more than expected in the second quarter but the overall growth softened as US frontloading propelled growth at the start of the year. Gross domestic product expanded 0.3 percent in the second quarter largely driven by growth in the service sector, the Office for National Statistics reported Thursday. Although the rate was stronger than the expected growth of 0.1 pe

RTTNews | 3h 42min ago

Bay Street Likely To Open On Mixed Note

Canadian shares are likely to open on a mixed note Thursday morning, reacting to data showing a bigger than expected increase in U.S. producer price index, and mixed batch of earnings data from Canada. Oil prices are up, while metals are exhibiting weakness.

RTTNews | 4h 13min ago

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

S&P Global Ratings upgraded India's sovereign ratings on Thursday citing a buoyant economic growth, enhanced monetary policy conditions and the government's fiscal consolidation commitment, while the higher tariffs from the U.S. administration is estimated to have only limited impact on the economy. India's sovereign credit ratings were raised to 'BBB' from 'BBB-', with a 'stable' outlook.

RTTNews | 4h 17min ago

U.S. Producer Prices Jump Much More Than Expected In July

EURUSD	1.1642	GBPUSD	1.3532	AUDUSD	0.64925
USDJPY	147.769	USDCAD	1.38115	USDCHF	0.80822

Sensex, Nifty Seen Higher At Open

U.S. Producer Price Growth Far Exceeds Estimates In July

U.S. Weekly Jobless Claims Unexpectedly Dip To 224,000

UK GDP Rises More Than Expected

Bay Street Likely To Open On Mixed Note

S&P Sees Limited Impact From U.S. Tariffs On Indian Economy, Raises Ratings

U.S. Producer Prices Jump Much More Than Expected In July

U.S. Weekly Jobless Claims Unexpectedly Edge Modestly Lower

Pound Rises On Upbeat U.K. GDP Data