Sensex, Nifty To Open Lower On Weak Global Cues

RTTNews | vor 571 Tagen

(RTTNews) - Indian shares are seen opening a tad lower on Monday, tracking weak global cues as investors look ahead to Chinese manufacturing data and the Federal Reserve's rate decision due this week for directional cues.

Traders are also likely to keep a wary eye on the situation in the Middle East after Israel expanded military operations in Gaza over the weekend, raising concerns about global economic instability.

On Sunday, Hezbollah in Lebanon said that it had successfully downed an Israeli drone in southern Lebanon using a surface-to-air missile.

On the earnings front, Adani Enterprises, Adani Green Energy, Bharti Airtel, DLF, GAIL, Hero MotoCorp, Tata Motors and Tata Steel are among the prominent companies due to unveil their quarterly financial results this week.

Monthly auto sales figures as well manufacturing and services PMI data may also draw investor attention as the week progresses.

Asian stocks were mostly lower this morning, with Japanese markets leading regional losses as new poll surveys showed dwindling support for Prime Minister Fumio Kishida despite the announcement of tax rebates and handouts to help ease the impact of inflation.

The Bank of Japan begins its two-day monetary policy meeting today amid heightened speculation over a policy tweak.

The dollar inched higher in cautious trade and gold hovered above the $2,000 mark while oil prices slipped after ending 3 percent higher on Friday.

U.S. stocks ended mixed on Friday but notched weekly losses on fears of a recession and interest rates staying higher for longer.

The Dow fell 1.1 percent to hit a seven-month low and the S&P 500 dropped half a percent to reach a five-month closing low after data showed both inflation and consumer spending rose in September.

The tech-heavy Nasdaq Composite edged up 0.4 percent after Amazon trounced analysts' expectations for Q3 revenue and earnings.

European stocks closed lower on Friday amid concerns about the earnings and growth outlook.

The pan European STOXX 600 dropped 0.8 percent. The German DAX eased 0.3 percent, France's CAC 40 shed 1.4 percent and the U.K.'s FTSE 100 declined 0.9 percent.

Euro Slips On Trump's Tariff Proposal

The euro fell against its major counterparts on Friday, as President Donald Trump proposed tariffs on imports from the European Union starting on June 1.

RTTNews | vor 1Std 7 Minuten

Swiss Market Ends Weak On Tariff Concerns

After opening on a positive note and staying above the flat line till about an hour past noon, the Switzerland market tumbled on Friday, hurt by U.S. President Donald Trump's threat that imports from the European Union will face 50% tariffs from June 1st.

RTTNews | vor 1Std 59 Minuten

European Stocks Closed Weak On Trump's Fresh Tariff Threat

European stocks closed on a weak note on Friday despite staging a fairly strong recovery past mid afternoon. After staying modestly higher till noon, the major European markets tumbled after U.S. President Donald Trump threatened to impose 50% tariffs on imports from the European Union from June 1st.

RTTNews | vor 2Std 15 Minuten

TSX Recovers After Early Setback; Materials Stocks Move Higher

After a weak start and a subsequent drop to lower levels, the Canadian market recovered well and is down just marginally a little past noon on Friday. The early setback was due to U.S. President Donald Trump's threat that 50% tariffs will be imposed on imports from the European Union beginning June 1st.

RTTNews | vor 3Std 23 Minuten

U.S. New Home Sales Spike From Downwardly Revised Level In April

The Commerce Department released a report on Friday showing new home sales in the U.S. in the month of April spiked compared to a significantly downwardly revised level in March. The report said new home sales soared by 10.9 percent to an annual rate of 743,000 in April after jumping by 2.6 percent to a downwardly revised rate of 670,000 in March.

RTTNews | vor 4Std 57 Minuten

Germany Logs Stronger Growth On Tariff Threats

The German economy grew at a stronger-than-estimated pace in the first quarter as higher tariff threats by the U.S. administration led to the frontloading of orders for the country's goods, lifting exports and industrial production. Gross domestic product grew 0.4 percent, which was double the initial estimate of 0.2 percent, a detailed report from Destatis revealed on Friday.

RTTNews | vor 6Std 3 Minuten

Bay Street Likely To Open On Negative Note On Tariff Concerns

Canadian shares look headed for a weak start Friday morning as tariff concerns resurfaced after U.S. President Donald Trump threatened 50% tariffs on EU goods from June 1. Weak oil prices could hurt energy stocks and add to market's downside.

RTTNews | vor 7Std 10 Minuten

FTSE Pares Early Gains, Up Marginally In Cautious Trade

U.K. stocks moved higher Friday morning, reacting to data showing a notable rise in retail sales, and survey showing strong consumer confidence. However, stocks pared gains subsequently in cautious trade and the market was up just marginally a little past noon.

RTTNews | vor 8Std 12 Minuten

EURUSD	1.13647	GBPUSD	1.35348	AUDUSD	0.64976
USDJPY	142.465	USDCAD	1.37169	USDCHF	0.82053

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Sensex, Nifty To Open Lower On Weak Global Cues