Sensex, Nifty Seen Opening Lower On Hawkish Powell's Comments

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(RTTNews) - Indian shares look set to open on a sluggish note Monday after Federal Reserve Chair Jerome Powell said in an interview on Sunday that policymakers will likely wait beyond March to cut interest rates.

Closer home, the RBI's Monetary policy committee convenes on Thursday, with the central bank expected to keep rates on hold for the sixth time in a row.

SBI shares may fall today after the state-run lender reported Q3 profit that came in below estimates.

Meanwhile, Paytm refuted reports claiming that it may face an investigation from the Enforcement Directorate (ED) on charges of money laundering by Paytm Payments Bank.

Asian markets were broadly lower this morning despite China's securities regulator pledging to stabilize the country's plunging equity markets.

The China Securities Regulatory Commission said it would guide more medium- and long-term funds into the market to prevent abnormal fluctuations.

Elsewhere, former U.S. President Donald Trump said he might impose a tariff on Chinese goods of more than 60 percent if he regains the presidency.

Gold prices dipped, while the dollar strengthened against its major rivals and U.S. Treasuries extended falls after the release of impressive U.S. labor market data.

U.S. stocks rallied Friday on the back of encouraging earnings reports from the likes of Amazon and Meta Platforms as well as robust January employment data.

Data showed the U.S. economy added 353,000 jobs in January, much higher than expectations for an increase of about 180,000 jobs.

Job growth for December was revised higher and the jobless rate came in unchanged at 3.7 percent in January, prompting investors to scale back their expectations for interest-rate cuts this year.

The Dow edged up 0.4 percent and the S&P 500 added 1.1 percent to reach new record closing highs while the tech-heavy Nasdaq Composite jumped 1.7 percent.

European stocks ended mixed Friday on waning rate cut optimism. The pan-European STOXX 600 gave up earlier gains to end on a flat note.

The German DAX rose 0.4 percent and France's CAC 40 edged up marginally while the U.K.'s FTSE 100 ended with a negative bias.

Australian Market Trims Early Losses In Mid-market

The Australian market is trimming early losses in mid-market moves on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling to near the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

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Asian Markets Trade Mostly Higher

Asian stock markets are mostly higher on Thursday, following the broadly positive cues from Wall Street overnight, as traders remain optimistic the US Fed will cut interest rates at their next meeting in September. They also remain cautious ahead of the release of key US economic data later in the week, including second quarter GDP and the Fed's preferred readings on consumer price inflation.

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Sensex, Nifty Set To Open Lower As New U.S. Tariffs Take Effect

Indian shares may open on a weak note on Thursday after U.S. President Donald Trump's 50 percent tariffs on Indian goods came into effect on Wednesday.

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Swiss Market Settles Modestly Higher

The Switzerland market closed modestly higher on Wednesday after staying firm right through the day's session, thanks to fairly strong buying at several counters. The benchmark SMI closed up by 46.23 points or 0.38% at 12,207.12. The index moved between 12,166.23 and 12,226.36 during the session.

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Japanese Market Notably Higher

The Japanese market is trading notably higher on Thursday after opening in the red, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 42,650 level, with gains in index heavyweights, automakers and financial stocks.

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Thai Bourse May Halt Losing Streak On Thursday

The Thai stock market has moved lower in back-to-back sessions, slipping almost 15 points or 1.2 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,250-point plateau although it may stop the bleeding on Thursday.

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Australian Market Slightly Lower

The Australian market is slightly lower in choppy trading on Thursday, giving up some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,950 level, with weakness in iron ore miners, energy and technology stocks partially offset by gains in financial stocks.

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Indonesia Shares Tipped To Open In The Green

The Indonesia stock market has moved higher in two of three trading days since the end of the two-day slide in which it had fallen almost 85 points or 1.1 percent. The Jakarta Composite Index now sits just above the 7,935-point plateau and it may add to its winnings on Thursday.

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EURUSD	1.16428	GBPUSD	1.35077	AUDUSD	0.65149
USDJPY	147.092	USDCAD	1.37775	USDCHF	0.80132