Sensex, Nifty Seen Opening Flat To Lower On Weak Asian Cues

RTTNews | 956 dni temu

(RTTNews) - Indian shares look set to open on a cautious note Friday, tracking sluggish cues from other Asian markets as the International Monetary Fund (IMF) cut Asia's economic forecasts, saying China's economic slowdown will weigh on the region's growth.

Investors were also reacting to mixed earnings updates from Apple, Amazon and Intel released after the U.S. market close.

Closer home, the Reserve Bank of India said it would hold a special meeting of its rate-setting committee on 3 November to prepare a report for the government on why it failed to keep retail inflation below the target of 6 percent for three consecutive quarters since January.

Benchmark indexes Sensex and the Nifty ended a choppy session up around half a percent each on Thursday while the rupee rose by 34 paise to close at 82.47 against the greenback.

The dollar climbed, making greenback-priced commodities more expensive for holders of other currencies.

Gold held steady and headed for a second week of gains. Oil prices fell in Asian trade but headed for a weekly gain on supply concerns.

U.S. stocks ended mixed overnight and bond yields dipped, as GDP figures surprised to the upside but also offered some evidence of a healthy slowdown that could have a positive impact on fighting inflation.

The Dow rose 0.6 percent to extend gains for the fifth straight session and reach its highest closing level in well over a month, while the tech-heavy Nasdaq Composite fell 1.6 percent after Meta's quarterly miss and the S&P 500 shed 0.6 percent.

Data showed the U.S. economy grew 2.6 percent in the third quarter following two straight quarters of contractions.

European stocks recouped losses to end mixed on Thursday after the European Central Bank raised interest rates by 75 basis points, as widely expected, and hinted at a slower pace of future increases amid mounting concerns about economic growth.

The pan European STOXX 600 ended flat with a negative bias. The German DAX inched up 0.1 percent and the U.K.'s FTSE 100 added 0.3 percent while France's CAC 40 index dropped half a percent.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

RTTNews | 10 minut temu

Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

RTTNews | 1g 56 minut temu

Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

RTTNews | 2g 2 minut temu

Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

RTTNews | 2g 43 minut temu

Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

RTTNews | 4g 8 minut temu

European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

RTTNews | 4g 24 minut temu

TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

RTTNews | 5g 31 minut temu

U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

RTTNews | 6g 7 minut temu

EURUSD	1.14281	GBPUSD	1.3502	AUDUSD	0.65241
USDJPY	144.849	USDCAD	1.36713	USDCHF	0.82233

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Sensex, Nifty Seen Opening Flat To Lower On Weak Asian Cues