Sensex, Nifty Set To Follow Asian Peers Lower

RTTNews | Pred 699 dňami
Sensex, Nifty Set To Follow Asian Peers Lower

(RTTNews) - Indian shares may open a tad lower on Tuesday as investors look ahead to Fed Chair Jerome Powell's testimonies and the Bank of England's rate decision due this week for clues on the monetary policy path ahead.

Adani Group stocks could be in focus today after Adani Enterprises and Adani Transmission received shareholder approval to raise funds up to Rs. 21,000 crore through qualified institutional placements.

Benchmark indexes Sensex and Nifty ended Monday's session marginally lower, tracking weak cues from global markets.

Asian markets were broadly lower this morning despite China cutting its one-year and five-year loan prime rate by 10 basis points each, as widely expected.

The dollar was buoyant on concerns over China's tepid post-pandemic recovery, pushing gold and oil prices lower.

U.S. markets were closed on Monday for the Juneteenth holiday.

European stocks fell notably on Monday as investors fretted about the outlook for inflation, interest rates and economic growth.

The pan European STOXX 600 lost 1 percent. The German DAX and France's CAC 40 both fell around 1 percent while the U.K.'s FTSE 100 shed 0.7 percent.

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China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China Industrial Output Growth Tops Expectations; Retail Sales Disappoint

China's industrial production increased more than expected in April despite trade tariff hikes and the unemployment rate dropped marginally but growth in retail sales fell short of expectations signalling weaker domestic demand, official data revealed on Monday. Industrial output logged an annual growth of 6.1 percent in April after rising 7.7 percent in March.
RTTNews | Pred 1 h 59 min
Thai Downgrades GDP Growth Outlook

Thai Downgrades GDP Growth Outlook

Thailand's economy is projected to expand less than the previous estimate this year as trade tariffs are likely to dampen exports in the second half of the year, the National Economic and Social Development Council said Monday. Southeast Asia's second largest economy is forecast to grow in the range of 1.3 percent to 2.3 percent this year. This was down from the previous outlook of 2.3 percent-
RTTNews | Pred 3 h 32 min
Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Fijian Import & Export Recalls Ready-To-Eat Meat Pie Products

Hayward, California-based Fijian Import & Export Co. Inc. is recalling around 127 pounds of ready-to-eat meat pie products from Australia that were not presented for import reinspection upon entry into the United States, according to the U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS. The recall involves 5.6-oz. plastic packages...
RTTNews | Pred 4 h 24 min
Australian Market Halves Early Losses In Mid-market

Australian Market Halves Early Losses In Mid-market

The Australian stock market is halving its early losses in mid-market trading on Monday, snapping an eight-session winning streak, despite the broadly positive cues from Wall Street on Friday. The benchmark S&P/ASX 200 index is falling to near the 8,300.00 level, with weakness in iron ore miners, energy and financial stocks partially offset by gains in gold miners.
RTTNews | Pred 6 h 3 min