Sensex, Nifty Seen Tad Higher As Oil Prices Tumble On Demand Worries

RTTNews | 1001 dias atrás

(RTTNews) - Indian shares look set to open a tad higher on Tuesday, as investors react to mixed global cues, falling oil prices on China demand worries and domestic CPI data released after market close Monday.

India's consumer price inflation slowed to 6.77 percent in October from a five-month high of 7.41 percent in September, official data showed.

This was mainly due to the statistical effect of a high base. Prices were forecast to rise 6.73 percent.

The Reserve Bank of India aims to keep consumer price inflation between 4 percent and 6 percent.

Benchmark indexes Sensex and Nifty ended Monday's session slightly lower while the rupee fell by 48 paise to close at 81.26 against the dollar.

Asian markets traded mixed this morning as Chinese retail sales and industrial data for October missed expectations.

The dollar held firm and gold pinned near a three-month high in the wake of mixed signals from Fed officials on the path of U.S. interest rates, while oil extended steep overnight losses after OPEC cut its 2022 global demand forecast.

U.S. stocks fluctuated before ending firmly in the red overnight, as investors reacted to hawkish comments from Fed Governor Christopher Waller, news of planned job cuts at Amazon and the rapid downfall of the once-popular digital-assets exchange FTX.

The Dow slipped 0.6 percent, the tech-heavy Nasdaq Composite lost 1.1 percent and the S&P 500 shed 0.9 percent despite Fed Vice Chair indicating the central bank should soon moderate the size of its interest-rate increases.

European stocks finished broadly higher on Monday after Beijing unveiled a sweeping rescue package to salvage its real estate market.

The pan European Stoxx 600 inched up 0.1 percent. The German DAX rose 0.6 percent, France's CAC 40 index edged up 0.2 percent and the U.K.'s FTSE 100 gained 0.9 percent.

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 17 minutos atrás

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in five straight sessions, collecting more than 35 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,560-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 47 minutos atrás

Win Streak May End For Japan Stock Market

Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red. The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors. For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92. Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent. The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.

RTTNews | 1 h 2 min atrás

Continued Consolidation Called For South Korea Shares

The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1 h 17 min atrás

Australia Interest Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.

RTTNews | 2 h 17 min atrás

U.S. Dollar Firms Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 3 h 40 min atrás

Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.

RTTNews | 6 h 32 min atrás

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.

RTTNews | 6 h 57 min atrás

EURUSD	1.16141	GBPUSD	1.34314	AUDUSD	0.65179
USDJPY	148.303	USDCAD	1.37757	USDCHF	0.81213