Sensex, Nifty Set For Muted Start

RTTNews | 7 дней спустя
Sensex, Nifty Set For Muted Start

(RTTNews) - Indian shares are seen opening little changed on Monday, with earnings and trade developments likely to be in focus.

U.S. Commerce Secretary Howard Lutnick Sunday has called Aug. 1 the "hard deadline" for countries to start paying tariffs, adding that "nothing stops countries from talking to us after August 1."

On the earnings front, Reliance Industries reported Q1 net profit of Rs 26,994 crore, up 78 percent year-on-year, exceeding Street estimates.

Private sector lenders HDFC Bank and ICICI Bank both reported robust earnings growth for the June 2025 quarter, fueled by increased interest and non-interest income.

UltraTech Cement, Eternal, IDBI Bank are due to unveil their quarterly earnings results later today.

Asian markets were mostly higher this morning as China held key lending rates and Japan's ruling coalition lost control of the upper house in an election on Sunday, further weakening Prime Minister Shigeru Ishiba's grip on power.

Investors also looked ahead to a busy week of U.S. earnings, housing market data and comments from central bankers, including Federal Reserve Chairman Jerome Powell at a banking conference as U.S. President Donald Trump piles pressure on him over rates and renovations at the U.S. central bank's headquarters.

After big U.S. banks and Netflix reported quarterly earnings last week, Tesla and Google parent Alphabet are set to unveil their earnings results on Wednesday, followed by Intel on Thursday.

The Japanese yen held steady as focus shifted to key trade and economic developments ahead of Trump's August 1 tariff deadline, with the European Union reportedly preparing for possible retaliatory measures against U.S. tariffs as trade tensions escalate.

Gold was marginally higher at $3,354 an ounce as investors absorb mixed signals from Federal Reserve officials regarding potential interest-rate cuts.

Oil prices were little changed in Asian trade as investors weigh the prospect of increased supply from OPEC+ against new sanctions on Russia.

U.S. stocks ended narrowly mixed on Friday after reports emerged that President Donald Trump is demanding a minimum tariff of between 15 percent and 20 percent in any deal with the EU irrespective even if a trade deal is arrived at.

Investors also reacted to upbeat economic data and Netflix's unimpressive revenue forecast. Data showed U.S. consumer sentiment rose to a five-month high in early July as expectations about the economy and inflation continued to improve.

The tech-heavy Nasdaq Composite inched up marginally to reach a new record closing high while the S&P 500 finished marginally lower and the Dow eased 0.3 percent. European stocks ended mixed on Friday as lingering trade tensions offset some fairly strong earnings updates.

The pan European STOXX 600 ended flat with a negative bias. The German DAX dipped 0.3 percent, while France's CAC 40 finished marginally higher and the U.K.'s FTSE 100 added 0.2 percent.

read more
U.S. Dollar Extends Gain Against Majors

U.S. Dollar Extends Gain Against Majors

The U.S. dollar extended gains against its major counterparts in the New York session on Monday, as investors cheered the US-EU trade deal.
RTTNews | 1ч 37мин назад
Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down

Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down

The Switzerland market closed weak on Monday as a few stocks tumbled on selling pressure in the final hour of the day's session. The market got off to a firm start, in line with markets across Europe, as news about the U.S. and European Union agreed on a trade deal over the weekend. However, the mood turned cautious as the day progressed, and the market eventually closed on a weak note.
RTTNews | 5ч 17мин назад
European Markets Fail To Hold Gains, Settle Weak

European Markets Fail To Hold Gains, Settle Weak

Despite opening on a bright note, European stocks retreated and settled mostly lower on Monday, as initial buoyancy over an EU-US trade deal faded and investors looked ahead to earnings updates, some crucial economic data and policy announcements from the Federal Reserve and the Bank of Japan this week.
RTTNews | 5ч 43мин назад
Canadian Market Modestly Lower; Materials Stocks Decline

Canadian Market Modestly Lower; Materials Stocks Decline

Despite the U.S.-European Union agreeing on a trade deal over the weekend, the mood in the market remains cautious. The market slipped after opening flat Monday morning, and despite staging a recovery subsequently, remains in negative territory, weighed down by losses in materials sector due to weak metal prices.
RTTNews | 6ч 56мин назад
Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

EV major Tesla Inc. and South Korean chip maker Samsung Electronics Co. Ltd. have entered into a contract worth around 22.76 trillion Korean Won or $16.54 billion for semiconductor contract manufacturing. Tesla founder and CEO Elon Musk in a post on the social media platform confirmed that Samsung will be making Tesla's next-generation AI6 chip.
RTTNews | 9ч 6мин назад
Bay Street Likely To Open Higher

Bay Street Likely To Open Higher

Canadian shares may open on a positive note Monday morning following the U.S. and European Union agreeing on a trade deal.
RTTNews | 10ч 23мин назад
FTSE 100 Retreats After Positive Start, Down Marginally

FTSE 100 Retreats After Positive Start, Down Marginally

The U.K. market is down slightly a little past noon on Monday, having shed early gains, as investors await a slew of corporate earnings announcements due this week. Reports about the EU and U.S. arriving at a trade deal lifted sentiment in European markets this morning, but most of the major markets are off early highs with the focus shifting to earnings and economic data.
RTTNews | 11ч 22мин назад