Sensex, Nifty Set To Extend Losses On Trade Deal Uncertainty

RTTNews | 18小時53分鐘前

(RTTNews) - Indian shares are seen opening lower on Tuesday after several European leaders voiced concerns over the EU-U.S. trade deal, calling it 'lopsided' and 'unsustainable'.

Closer home, market watchers firmly believe that a mini or an interim trade deal between the United States and India is unlikely ahead of the U.S. tariff deadline set to take effect later this week.

There's considerable uncertainty over whether India will face higher tariffs from August or if U.S. President Donald Trump will extend the deadline once more.

Benchmark indexes Sensex and Nifty fell around 0.7 percent and 0.6 percent respectively on Monday after weak earnings from Kotak Mahindra Bank and TCS' layoff announcement. The rupee settled 15 paise lower at 86.66 against the U.S. dollar.

Foreign Portfolio Investors offloaded shares worth Rs 6,082 crore on a net basis Monday, while domestic institutional investors net bought shares to the extent of Rs 6,765 crore, according to provisional NSE data.

This is the highest net selling by FIIs since May 30 and highest net buying by DIIs since June 17.

Asian markets were subdued this morning as investors await the outcome of the U.S.-China trade talks.

The dollar index held on to gains ahead of the Fed and BoJ meetings this week while oil slipped after rising 2 percent on Monday as U.S. President Trump pushed for Russia to reach a swift truce with Ukraine or face potential economic penalties.

Gold edged up slightly after declining notably on Monday amid trade-deal hopes. U.S. stocks ended mixed overnight as traders' enthusiasm for the U.S.-EU deal was muted.

The tech-heavy Nasdaq Composite rose 0.3 percent and the S&P 500 edged up marginally to reach new record closing highs while the narrower Dow slid 0.1 percent.

European stocks ended mostly lower on Monday as the EU-U.S. trade deal met with gloomy reactions from many European leaders, with Germany and France slamming the draft trade agreement as unequal and damaging.

The pan European STOXX 600 eased 0.2 percent. The German DAX lost 1 percent while the U.K.'s FTSE 100 and France's CAC 40 both fell by 0.4 percent.

Swiss Market Closes On Firm Note

The Switzerland market shrugged off a somewhat shaky start and climbed higher on Tuesday with investors mostly reacting to corporate earnings updates, and looking ahead to monetary policy announcement from the Federal Reserve and closely following trade talks.

RTTNews | 3小時39分鐘前

European Stocks Close Higher As Investors React To Earnings

European stocks closed on a firm note on Tuesday as investors reacted to a slew of earnings announcements from the region, and looked ahead to monetary policy announcements from some leading central banks, including the U.S. Federal Reserve.

RTTNews | 4小時0分鐘前

TSX Pares Some Gains After Hitting New High; Celestica Rises On Strong Results

The Canadian market is up in positive territory a little past noon on Tuesday, supported by gains in technology, real estate, healthcare and consumer staples sectors. In addition to following the developments on the trade front, investors are also looking ahead to the monetary policy announcements from the Bank of Canada and the Federal Reserve.

RTTNews | 5小時0分鐘前

U.S. Job Openings Decrease Slightly Less Than Expected In June

The Labor Department released a report on Tuesday showing job openings in the U.S. decreased by slightly less than expected in the month of June.

RTTNews | 7小時11分鐘前

U.S. Consumer Confidence Modestly Improves In July

Consumer confidence in the U.S. saw a modest improvement in the month of July, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index rose to 97.2 in July after falling to a revised 95.2 in June.

RTTNews | 7小時18分鐘前