Sensex, Nifty Seen Tad Higher Despite Muted Global Cues

RTTNews | 654 days ago
Sensex, Nifty Seen Tad Higher Despite Muted Global Cues

(RTTNews) - Indian shares look set to open a tad higher on Monday despite muted cues from global markets.

That said, volatility cannot be ruled out due to upcoming derivatives expiry, the ongoing diplomatic tension between India and Canada, concerns over rising oil prices and continuous FII selling.

Benchmark indexes Sensex and Nifty fell around 2.7 percent and 2.6 percent, respectively last week after hawkish remarks on interest rates from the U.S. and Federal Reserve and other major central banks.

Asian markets were mostly lower this morning, with Japanese shares bucking the weak trend.

The dollar extended gains from last week, keeping bullion prices under pressure. Oil prices were slightly higher due to increasing bets on supply constraints.

U.S. stocks ended lower for a fourth day running on Friday as yields climbed amid growing fears that the Federal Reserve may keep interest rates higher for longer.

Concerns about a potential government shutdown also added to angst over lofty interest rates.

The tech-heavy Nasdaq Composite finished marginally lower to end at its lowest level in over three months while the S&P 500 slipped 0.2 percent to hit a three-month closing low and the Dow dropped 0.3 percent to reach a two-month closing low.

European stocks closed mostly lower on Friday as data showed business activity in the euro zone currency bloc contracted again in September.

The pan European STOXX 600 declined 0.3 percent. The German DAX finished marginally lower and France's CAC 40 shed 0.4 percent while the U.K.'S FTSE 100 closed flat with a positive bias.

read more
U.S. Weekly Jobless Claims Unexpectedly Edge Lower

U.S. Weekly Jobless Claims Unexpectedly Edge Lower

First-time claims for U.S. unemployment benefits unexpectedly edged modestly lower in the week ended July 5th, according to a report released by the Labor Department on Thursday.
RTTNews | 37 minutes ago
Bay Street Seen Opening On Mixed Note

Bay Street Seen Opening On Mixed Note

Canadian shares may open on a slightly mixed note on Thursday tracking the trend in the commodity markets, and somewhat firm European stocks. The focus, once again, will be on trade negotiations between the U.S. and several other major nations.
RTTNews | 39 minutes ago
FTSE 100 Rises To Record High As Mining Stocks Rally

FTSE 100 Rises To Record High As Mining Stocks Rally

The UK stock market climbed to a new record high Thursday morning, lifted by strong gains in the mining sector. The undertone in major European markets is quite firm today amid optimism about a potential trade deal between the U.S. and the European Union.
RTTNews | 1h 49min ago
CAC 40 Moderately Higher On Trade Deal Hopes

CAC 40 Moderately Higher On Trade Deal Hopes

French stocks are gaining some ground in positive territory on Thursday amid rising hopes the European Union will strike a trade deal with the U.S. sometime soon.
RTTNews | 2h 23min ago
DAX Modestly Up After Hitting Fresh Record High

DAX Modestly Up After Hitting Fresh Record High

German stocks are up in positive territory on Thursday, extending gains from the previous three sessions, as investors continue to focus on US-EU trade negotiations. Data showing a drop in Germany's consumer price inflation in the month of June is aiding sentiment.
RTTNews | 2h 43min ago
Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

Commodity Currencies Rise Amid Renewed Tariff Concerns; USD Slide

The commodity currencies such as Australia, the New Zealand and the Canadian dollars strengthened against their major counterparts in the early European session on Thursday, as traders are optimistic about an end to the tariff uncertainty after U.S. President Donald Trump made it clear that he will not extend the August 1 deadline for trade deals, though he gets aggressive with tariff imposition. They are also optimistic about a potential trade deal between the U.S. and the European Union.
RTTNews | 3h 38min ago
European Shares Extend Gains On Trade Deal Optimism

European Shares Extend Gains On Trade Deal Optimism

European stocks rose for a fourth consecutive session on Thursday as optimism prevailed about a potential trade deal between the U.S. and the European Union. EU trade chief Maros Sefcovic said there was good progress on a framework trade agreement and a deal may even be possible within days.
RTTNews | 4h 11min ago