Sensex, Nifty Seen Up As Oil And Yields Extend Slide

RTTNews | 567 วันที่ผ่านมา
Sensex, Nifty Seen Up As Oil And Yields Extend Slide

(RTTNews) - Indian shares are likely to open on a positive note Thursday after both Brent crude and WTI contracts fell more than 2 percent overnight to hit their lowest since mid-July on concerns over waning demand in the U.S. and China.

India is the world's third-largest oil importer and consumer. Calculations based on government data show that the country saved roughly $2.7 billion by importing discounted Russian oil in the first nine months of this year.

Benchmark indexes Sensex and Nifty fluctuated before finishing marginally higher on Wednesday. The rupee ended little changed at 83.27 against the dollar.

Asian markets were broadly higher this morning on hopes that global interest rates may have peaked.

Investors looked ahead to Fed Chair Jerome Powell's speech later in the day after he refrained from specifically addressing monetary policy in opening remarks at the U.S. central bank statistics conference on Wednesday.

Meanwhile, market participants shrugged off data showing that China's October CPI fell 0.2 percent year on year and PPI dropped 2.6 percent.

The dollar held steady after three sessions of gains. Gold was marginally higher while oil edged up slightly, recovering from near-four-month lows.

U.S. stocks fluctuated before ending mixed overnight and Treasury yields pulled back as the Treasury Department's auction of $40 billion worth of ten-year notes attracted average demand.

The Dow eased 0.1 percent while the S&P 500 and the tech-heavy Nasdaq Composite finished marginally higher to extend their winning streak to eight and nine sessions, respectively.

European stocks closed higher on Wednesday as investors reacted to strong earnings reports and hawkish comments from Fed officials.

The pan European STOXX 600 gained 0.3 percent. The German DAX rose half a percent and France's CAC 40 climbed 0.7 percent while the U.K.'s FTSE 100 slipped 0.1 percent.

read more
U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

U.S. Economic Shrinks Slightly Less Than Previously Estimated In Q1

A report released by the Commerce Department on Thursday showed the U.S. economy shrank by slightly less than previously estimated in the first quarter of 2025. The Commerce Department said real gross domestic product edged down by a revised 0.2 percent in the first quarter compared to the previously reported 0.3 percent dip. Economists had expected the modest decrease to be unrevised.
RTTNews | 3 ชม. 36 นาทีที่ผ่านมา
U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

U.S. Weekly Jobless Claims Climb More Than Expected To 240,000

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims climbed to 240,000, an increase of 14,000 from the previous week's revised level of 226,000. Economists had expected jobless claims to inch up to 230,000.
RTTNews | 3 ชม. 39 นาทีที่ผ่านมา
Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Recalls 256K Pounds Of Canned Beef Stew Product

Hormel Foods Corp. is recalling around 256,185 pounds of canned beef stew product that may be contaminated with foreign material, specifically wood, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The Tucker, Georgia-based branded food major's recall involves 20-oz. metal cans containing "Dinty Moore BEEF STEW" with "BEST BY FEB 2028".
RTTNews | 4 ชม. 13 นาทีที่ผ่านมา
UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK Vehicle Manufacturing Logs Weakest Start To Year Since 2009: SMMT

UK automotive manufacturing registered its weakest start to a year since 2009, the Society of Motor Manufacturers & Traders, or SMMT, said Thursday. Car and commercial vehicle production decreased 15.8 percent on a yearly basis to 59,203 units in April. Auto production fell to the lowest level for the month since 1952, excluding 2020 when the first Covid lockdown effectively saw manufacturing c
RTTNews | 4 ชม. 41 นาทีที่ผ่านมา
Bay Street Looks Set To Start On Firm Note

Bay Street Looks Set To Start On Firm Note

Canadian shares look headed for a firm start on Thursday, with encouraging earnings by Royal Bank of Canada and Canadian Imperial Bank of Commerce, and a U.S. court ruling against U.S. President Donald Trump's sweeping tariff moves set to lift sentiment.
RTTNews | 4 ชม. 56 นาทีที่ผ่านมา
U.S. Weekly Jobless Claims Rise More Than Expected

U.S. Weekly Jobless Claims Rise More Than Expected

First-time claims for U.S. unemployment benefits rose by more than expected in the week ended May 24th, according to a report released by the Labor Department on Thursday.
RTTNews | 5 ชม. 15 นาทีที่ผ่านมา