Sensex, Nifty Seen Lower As Bond Yields Jump After Weak US Treasury Auction

RTTNews | 577 dni temu

(RTTNews) - Indian shares may open lower on Friday, tracking weak global cues and a jump in Treasury yields after Fed Chair Jerome Powell indicated the Fed will make future monetary policy decisions "meeting by meeting" based on the totality of incoming data and the implications for the outlook for economic activity and inflation.

Investors may also react negatively to RBI governor Shaktikanta Das's comments that retail inflation remains vulnerable to recurring and overlapping food price shocks.

Benchmark indexes Sensex and Nifty ended down around 0.2 percent each on Thursday while the rupee settled 1 paise higher at 83.29 against the dollar.

Asian markets were moving lower this morning on concerns about the outlook for interest rates after two-year Treasury yield crossed 5 percent.

The dollar index held gains, keeping bullion prices on track for their worst week in over a month. Oil prices traded mixed on lingering concerns over waning demand in the U.S. and China.

In the Middle East, Israeli Prime Minister Benjamin Netanyahu said on Thursday his country does not seek to conquer, occupy or govern Gaza after its war against Hamas but a a civilian government would need to take shape in Gaza and Israel would make sure an attack like Oct. 7 does not happen again.

U.S. stocks fell overnight while bond yields rose sharply following a weak sale of 30-year notes and comments Fed Chair Jerome Powell that the U.S. central bank "will not hesitate" to resume raising rates if it becomes appropriate.

Powell said that inflation has slowed over the past year but the process of getting inflation sustainably down to 2 percent has a long way to go.

The Dow dropped 0.7 percent, while the tech-heavy Nasdaq Composite shed 0.9 percent and the S&P 500 gave up 0.8 percent to snap their longest winning streaks in two years.

European stocks closed higher on Thursday as impressive earnings updates outweighed hawkish comments from Fed and ECB officials.

The pan European STOXX 600 gained 0.8 percent. The German DAX climbed 0.8 percent, France's CAC 40 rallied 1.1 percent and the U.K.'s FTSE 100 added 0.7 percent.

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Bay Street May Open Slightly Higher

Canadian shares may open slightly higher on Monday amid optimism about some positive progress in U.S.-China trade talks. Energy stocks are likely to find some support on higher crude oil prices.. The U.S.-China discussions will aim to resolve some major trade disputes between the two major economies.

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FTSE 100 Down Marginally At Noon

The U.K. market is down marginally at noon on Monday with investors mostly making cautious moves amid a lack of triggers. The focus is on trade talks between the U.S. and Chinese officials in London. Weak Chinese exports data weighs on sentiment.

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CAC 40 Down Slightly In Lackluster Trade

French stocks are down slightly in lackluster trade on Monday with investors refraining from making significant moves as they await the high-level trade talks between U.S. and Chinese officials in London later in the day.

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DAX Down Over 0.5% In Cautious Trade

German stocks are down in negative territory on Monday as investors make cautious moves while awaiting crucial talks between U.S. and Chinese officials in London later in the day. The discussions will aim to resolve some major trade disputes between the two major economies. Treasury Secretary Scott Bessent leads the U.S. delegation in the high-level trade talks.

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Sensex, Nifty End Modestly Higher; Banks And Financials Surge

Indian shares eked out modest gains on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

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European Shares Little Changed Before Sino-US Trade Talks

European stocks were subdued on Monday as top officials from the U.S. and China meet in London later in the day to resolve their differences and ease rare-earth mineral tensions.

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EURUSD	1.14186	GBPUSD	1.3558	AUDUSD	0.65236
USDJPY	144.41	USDCAD	1.36724	USDCHF	0.82085

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Sensex, Nifty Seen Lower As Bond Yields Jump After Weak US Treasury Auction