Sensex, Nifty May Struggle For Direction At Open

RTTNews | Pred 868 dňami
Sensex, Nifty May Struggle For Direction At Open

(RTTNews) - Indian shares may struggle for direction at open on Friday as hot U.S. labor market data lifted the dollar and yields.

Stock-specific action may be seen in the wake of mixed global cues and ahead of earnings results from top IT companies due next week.

Benchmark indexes Sensex and Nifty fell modestly on Thursday to extend losses for a second consecutive session, while the rupee gained 32 paise to close at 82.50 against the dollar supported by a weaker greenback overseas.

Asian markets traded mostly higher this morning as the monthly U.S jobs report loomed.

The dollar traded firm versus major peers while U.S. two-year Treasury yields eased a little bit after hitting a more than two-month high of 4.497 percent overnight.

Oil extended gains from Thursday as data showed lower fuel inventories. Gold edged up slightly and was on course for a weekly gain.

U.S. stocks fell sharply overnight, as strong ADP private payrolls data and weekly jobless claims figures provided further evidence of a tight labor market and dashed hopes for a change to aggressive Fed policy anytime soon.

Adding to concerns about the economic outlook, Fed members Esther George and James Bullard said that interest rates will stay higher for longer to tame inflation.

The Dow lost 1 percent, the tech-heavy Nasdaq Composite tumbled 1.5 percent and the S&P 500 declined 1.2 percent.

European stocks snapped a three-day winning streak on Thursday after the release of hawkish Fed minutes and disappointing German trade data, with both imports and exports falling in November.

The pan European STOXX 600 slipped 0.2 percent. The German DAX dropped 0.4 percent and France's CAC 40 index eased 0.2 percent, while the U.K.'s FTSE 100 rose 0.6 percent after upbeat trading statements from Next Plc and B&M European Value Retail.

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Taiwan Stock Market May Extend Thursday's Losses

Taiwan Stock Market May Extend Thursday's Losses

The Taiwan stock market on Thursday snapped the two-day winning streak in which it had advanced more than 280 points or 1.3 percent. The Taiwan Stock Exchange now sits just above the 21,800-point plateau, although it's expected to open under pressure on Thursday.
RTTNews | Pred 21 minútami
Singapore Bourse Likely To Remain Rangebound

Singapore Bourse Likely To Remain Rangebound

The Singapore stock market on Thursday snapped the two-day winning streak in which it had risen just 6 points or 0.15 percent. The Straits Times Index now sits just above the 3,880-point plateau, and it may spin its wheels again on Friday.
RTTNews | Pred 51 minútami
New Zealand Retail Sales Rise 0.8% In Q1

New Zealand Retail Sales Rise 0.8% In Q1

The total volume of retail sales in New Zealand was up a seasonally adjusted 0.8 percent on quarter in the first quarter of 2025, Statistics New Zealand said on Friday.
RTTNews | Pred 1 h 2 min
Japan Nationwide Inflation Climbs 3.6% On Year In April

Japan Nationwide Inflation Climbs 3.6% On Year In April

Consumer prices in Japan were up 3.6 percent on year in April, the Ministry of Internal Affairs and Communications said on Friday - in line with expectations and unchanged from the March reading.
RTTNews | Pred 1 h 11 min
No Help Yet For Malaysia Stock Market

No Help Yet For Malaysia Stock Market

The Malaysia stock market has finished lower in six straight sessions, giving up more than 55 points or 3.9 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it's expected to open under pressure again on Friday.
RTTNews | Pred 1 h 21 min
Losing Streak May Continue For Japan Stock Market

Losing Streak May Continue For Japan Stock Market

The Japanese stock market has moved lower in back-to-back sessions, dropping almost 550 points or 1.5 percent along the way. The Nikkei 225 now sits just beneath the 37,000-point plateau and it may extend its losses on Friday.
RTTNews | Pred 1 h 36 min
Soft Start Expected For South Korea Shares

Soft Start Expected For South Korea Shares

The South Korea stock market turned lower again on Thursday, one day after ending the two-day slide in which it had slipped more than 25 points or 0.9 percent. The KOSPI now rests just above the 2,590-point plateau and it may take further damage on Friday.
RTTNews | Pred 1 h 51 min