Sensex, Nifty Set For Lackluster Open On Muted Global Cues

RTTNews | 621 hari yang lalu

(RTTNews) - Indian shares are seen opening on a flat note Wednesday amid mixed catalysts. Global cues remain muted while oil prices were subdued ahead of this weekend's OPEC+ meeting.

The FOMC minutes did little to dislodge market expectations that its monetary tightening cycle was over.

U.S. chip giant Nvidia posted better-than-expected fiscal third-quarter results, but warned export restrictions on China would weigh on its fiscal fourth quarter.

In the Middle East, Israel's government agreed to exchange 50 women and children hostages held by Hamas in Gaza for a four-day pause in fighting.

Closer home, the Indian economy is likely to have grown 7 percent in the second quarter of the current financial year, higher than the RBI's projections on the back of robust investment activities, research firm ICRA said.

Benchmark indexes Sensex and Nifty rose around half a percent each on Tuesday while the rupee settled four paise higher at 83.34 against the dollar.

Asian markets traded mostly lower this morning after Chinese police arrested game-streaming company DouYu International Holdings Ltd.'s founder Chen Shaojie on unspecified charges in a tough crackdown on alleged wrongdoing.

The dollar index held around 2-1/2-month lows and gold held below the key $2,000 per ounce level while oil prices were slightly lower after industry data showed U.S. crude stocks rose by nearly 9.1 million barrels in the week ended Nov. 17. Treasuries held steady in Asian trade after climbing Tuesday.

U.S. stocks ended slightly lower overnight as retail earnings disappointed and minutes from the Fed's last rate-setting meeting showed officials expect to keep interest rates at a restrictive level for "sometime" and raise interest rates if progress in controlling inflation faltered.

The tech-heavy Nasdaq Composite shed 0.6 percent to snap a five-session winning streak, while the S&P 500 and the Dow eased around 0.2 percent each.

European stocks fell slightly on Tuesday as hawkish comments from Bank of England Governor Andrew Bailey and ECB President Christine Lagarde dented rate cut hopes.

The pan European STOXX 600 ended flat with a negative bias. The German index ended marginally lower while France's CAC 40 and the U.K.'s FTSE 100 both fell around 0.2 percent.

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.

RTTNews | 2j 49min yang lalu

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.

RTTNews | 2j 51min yang lalu

Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.

RTTNews | 4j 9min yang lalu

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.

RTTNews | 4j 17min yang lalu

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.

RTTNews | 5j 8min yang lalu