Sensex, Nifty Set For A Muted Start As Tariff Worries Mount

RTTNews | 160 dni temu

(RTTNews) - Indian shares may open on a flat note Tuesday after suffering heavy losses in the previous session.

Weak sentiment may prevail due to tariff concerns and ahead of results from tech heavyweight Nvidia and the Federal Reserve's preferred inflation data.

Benchmark indexes Sensex and Nifty fell over 1 percent each on Monday, with IT stocks pacing the decliners.

The rupee ended little changed, in contrast to the gains in its regional peers boosted by a drop in the dollar and U.S. Treasury yields.

Foreign institutional investors (FIIs) net sold shares worth Rs 6,286.70 crore on Monday, while domestic institutional investors (DIIs) net bought shares worth Rs 5,185.65 crore, as per provisional data.

Asian markets were deep in the red this morning, with benchmark indexes in New Zealand, Japan and Hong Kong falling 1-2 percent.

The dollar clawed back losses on renewed tariff worries. Gold edged down slightly after hitting a record high on Monday, fueled by safe-haven demand amid concerns over Trump's tariff plans and inflows into the world's largest gold-backed ETF.

Oil extended overnight gains, bolstered by fresh sanctions by the U.S. Treasury on Iran and Iraq's pledge to compensate for its overproduction.

U.S. stocks fluctuated before ending mixed overnight. The S&P 500 dropped half a percent and the tech-heavy Nasdaq Composite fell 1.2 percent as big-name technology stocks declined amid apprehensions over the artificial intelligence-driven narratives.

Heightened tensions over trade also kept investors on edge as President Trump said that tariffs he unveiled on Canada and Mexico will proceed as planned once the monthlong delay ends next week.

Trump also stated at a White conference that the U.S. has been 'taken advantage of' by other nations and he would impose reciprocal tariffs to 'make up a lot of territory.' The narrower Dow ended flat with a positive bias.

European stocks ended mixed on Monday as the conservative alliance in Germany secured victory in the national election and data showed Eurozone inflation surged to a six-month high of 2.5 percent in January and remained above the ECB's medium-term target of 2 percent for the third consecutive month.

The pan European STOXX 600 finished marginally lower. The German DAX rose 0.6 percent, while France's CAC 40 shed 0.8 percent and the U.K.'s FTSE 100 closed little changed with a negative bias.

U.S. Factory Orders Pull Back Sharply In June

After reporting a substantial increase by new orders for U.S. manufactured goods in the previous month, the Commerce Department released a report on Monday showing factory orders pulled back sharply in the month of June. The Commerce Department said factory orders dove by 4.8 percent in June after soaring by an upwardly revised 8.3 percent in May.

RTTNews | 2g 10 minut temu

Weak Jobs Data Limits Dollar's Rebound

A smaller-than expected addition to non-farm payrolls curtailed the dollar's rally fueled by a hawkish Fed stance, higher-than-expected PCE-inflation readings, as well as anxiety ahead of the U.S.-China trade talks and the looming trade tariff deadline.

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Eurozone Investor Sentiment Weakens Unexpectedly

Euro area investor confidence deteriorated unexpectedly in August as the newly reached trade deal with the U.S. deepened concerns about the current economic situation as well as the outlook, data from the behavioral research institute Sentix showed on Monday. The Sentix investor sentiment index fell steeply to -3.7 in August from 4.5 in July. The measure was expected to climb to 6.2.

RTTNews | 3g 30 minut temu

Bay Street Seen Opening On Cautious Note

Canadian stocks may open on a mixed note on Monday with investors likely to stay cautious ahead of implementation of levies imposed by U.S. President Donald Trump, and a slew of earnings announcements due this week. Weak oil prices may weigh a bit.

RTTNews | 3g 38 minut temu

FTSE 100 Modestly Higher; Lloyds Banking Group Rises Nearly 8%

The UK market is up in positive territory on Monday with stocks from the financial sector contributing significantly to the upmove after the outcome from the UK's motor finance investigation turned out to less severe than feared, with potential compensation estimated at 9 billion pounds, much less than the expected quantum o 30 billion pounds.

RTTNews | 4g 29 minut temu