Sensex, Nifty Seen Tad Lower As Oil Rally Continues

RTTNews | 849 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.

Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

RTTNews | 2g 59 minut temu

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | 4g 51 minut temu

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | 5g 21 minut temu

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.

RTTNews | 8g 9 minut temu

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.

RTTNews | 8g 52 minut temu

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.

RTTNews | 9g 0 minut temu

U.S. Consumer Prices Increase In Line With Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June.

RTTNews | 9g 42 minut temu

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.

RTTNews | 9g 47 minut temu

EURUSD	1.14206	GBPUSD	1.32072	AUDUSD	0.64248
USDJPY	150.746	USDCAD	1.38556	USDCHF	0.81219

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Sensex, Nifty Seen Tad Lower As Oil Rally Continues