Sensex, Nifty Seen Tad Lower As Oil Rally Continues

RTTNews | 841 dni temu

(RTTNews) - Indian shares look set to open a tad lower on Wednesday as global growth concerns returned to the fore.

The World Bank on Tuesday cut India's growth forecast for 2023-24 to 6.3 percent from its December estimate of 6.6 percent, citing global headwinds.

The Asian Development Bank (ADB) also said that India's economy would grow at a slower-than-expected 6.4 percent this year.

The Reserve Bank of India (RBI) will deliver its monetary policy outcome on Thursday, with analysts expecting a 25-bps repo rate hike.

Energy stocks would be in focus today after the government cut the windfall tax on selling domestic crude oil and halved the export levy on diesel.

Indian stock markets were closed on Tuesday for Mahavir Jayanti. Benchmark indexes Sensex and Nifty rose around 0.2 percent each on Monday while the rupee fell by 10 paise to close at 82.31 against the dollar.

Asian markets struggled for direction this morning after JPMorgan Chase & Co.'s chief Jamie Dimon warned the U.S. banking crisis is ongoing and will have effects for years to come.

The dollar held near two-month lows as new data indicated that the softening in the U.S. labor market is gaining momentum.

Gold hovered near record highs seen in 2020 while oil extended gains for a fifth consecutive session.

U.S. stocks declined overnight as oil prices continued to surge and data showed job openings fell dramatically to a two-year low in February, raising worries about the economic outlook.

A separate report showed new orders for U.S. manufactured goods fell for a second straight month in February.

The Dow and the S&P 500 both slipped around 0.6 percent to snap a four-day winning streak while the tech-heavy Nasdaq Composite shed half a percent.

European stocks ended on a subdued note Tuesday as investors weighed the likely impact of rising oil prices on monetary policy and global growth.

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

Swiss Market Ends Modestly Lower

The Switzerland market stayed a bit positive in early trades on Thursday, but retreated around mid morning and then spent the rest of the day's session in negative territory, as investors stayed largely cautious, reacting to earnings and awaiting news from the trade front.

RTTNews | 42 minut temu

European Stocks Close Broadly Higher

European stocks closed broadly higher on Thursday despite paring most of their early gains, after the European Central Bank left its interest rate unchanged for the first time in a year. The ECB held its key interest rates steady, in line with expectations.

RTTNews | 1g 2 minut temu

U.S. New Home Sales Rebound Much Less Than Expected In June

After reporting a steep drop by new home sales in the U.S. in the previous month, the Commerce Department released a report on Thursday showing a modest rebound by new home sales in the month of June. The Commerce Department said new home sales rose by 0.6 percent to an annual rate of 627,000 in June after plummeting by 11.6 percent to a rate of 623,000 in May.

RTTNews | 2g 55 minut temu

U.S. Initial Jobless Claims Unexpectedly Dip To 217,000

The Labor Department released a report on Thursday unexpectedly showing another modest decrease by first-time claims for U.S. unemployment benefits in the week ended July 19th. The report said initial jobless claims edged down to 217,000, a decrease of 4,000 from the previous week's unrevised level of 221,000. Economists had expected jobless claims to rise to 227,000.

RTTNews | 3g 37 minut temu

ECB Leaves Rates Unchanged As Expected

The European Central Bank held its key interest rates steady on Thursday, in line with expectations, as policymakers assessed that price pressures continue to ease, but acknowledged that the economic environment remains highly uncertain mainly due to the trade tariff wars.

RTTNews | 4g 21 minut temu

UK Private Sector Growth Moderates On Services Activity

UK private sector output continued to grow in July but the pace of expansion moderated as services activity lost momentum, flash survey results from S&P Global revealed on Thursday. The composite output index slid to 51.0 in July from 52.0 in June. The reading was also above the forecast of 51.9.

RTTNews | 5g 2 minut temu

Bay Street Likely To Open On Mixed Note; Trade Talks, Earnings In Focus

Canadian shares are likely to open on a mixed note Thursday morning with investors focusing on trade talks between Canadian and U.S. officials, and reacting to the latest batch of economic data. The focus will also be on U.S. President Donald Trump's visit to the Federal Reserve today. Ahead of next week's policy meeting of the Fed, the visit looks significant.

RTTNews | 5g 32 minut temu

Eurozone Private Sector Growth At 11-Month High

The euro area private sector grew at the fastest pace in almost a year in July as the recession in the manufacturing sector is coming to an end, flash survey results from S&P Global revealed Thursday. The HCOB composite output index posted 51.0 in July, up from 50.6 in the previous month. A score above 50.0 signals expansion.

RTTNews | 5g 36 minut temu

EURUSD	1.17627	GBPUSD	1.35157	AUDUSD	0.65982
USDJPY	146.895	USDCAD	1.36418	USDCHF	0.79442

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Sensex, Nifty Seen Tad Lower As Oil Rally Continues