Sensex, Nifty Seen Slightly Higher On Firm Asian Cues

RTTNews | Pred 595 dňami
Sensex, Nifty Seen Slightly Higher On Firm Asian Cues

(RTTNews) - Indian shares look set to open higher on Friday after crude prices fell more than $2 a barrel overnight amid easing Middle East fears.

Israel has heeded to US' request of delaying its Gaza invasion to make time to negotiate hostage releases and keep humanitarian aid flowing into Gaza.

The upside, however, may remain limited due to cloudy earnings and signs that the U.S. Federal Reserve will keep interest rates higher for longer than hoped.

Benchmark indexes Sensex and Nifty tumbled around 1.4 percent each to extend losses for the sixth straight session on Thursday, while the rupee ended down 5 paise at 83.23 against the dollar.

Asian markets were seeing modest gains this morning as the dollar steadied after hitting a three-week high in the previous session on robust U.S. GDP data.

Gold edged up slightly while oil rose about 1 percent but headed for its first weekly loss in three.

U.S. stocks fell notably overnight as investors weighed disappointing tech earnings against upbeat GDP data.

Treasury yields lingered near 5 percent after data showed the U.S. economy grew at a 4.9 percent annualized rate in the third quarter, above forecasts and the roughly 2 percent pace seen in the prior two quarters reflecting a surge in consumer spending.

In other economic news, durable goods orders jumped more than double economist's expectations in September, while initial jobless claims rose last week but still reflected a robust workforce.

The tech-heavy Nasdaq Composite slumped 1.8 percent deeper into correction territory, while the S&P 500 gave up 1.2 percent and the Dow dropped 0.8 percent.

European stocks fell on Thursday after a slew of disappointing earnings.

The pan European STOXX 600 dropped half a percent as the European Central Bank sounded cautious about the economic outlook and stressed a 'higher for longer' message on rates.

The German DAX lost 1.1 percent, France's CAC 40 eased 0.4 percent and the U.K.'s FTSE 100 shed 0.8 percent.

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Malaysia Stock Market May See Additional Support

Malaysia Stock Market May See Additional Support

The Malaysia stock market has ticked higher in consecutive trading days, gathering almost 10 points or 0.6 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,525-point plateau and it may add to its winnings again on Friday.
RTTNews | Pred 24 minútami
Win Streak May Continue For South Korea Stock Market

Win Streak May Continue For South Korea Stock Market

The South Korea stock market has finished higher in seven straight sessions, collecting more than 225 points or 8.2 percent along the way. The KOSPI now rests just above the 2,920-point plateau and it's tipped to open in the green again on Friday.
RTTNews | Pred 54 minútami
New Zealand Manufacturing PMI Data Due On Friday

New Zealand Manufacturing PMI Data Due On Friday

New Zealand will on Friday release May results for the manufacturing PMI from BusinessNZ, highlighting a light day for Asia-Pacific economic activity. In April, the PMI score was 53.9.
RTTNews | Pred 1 h 48 min
Taiwan Shares May Bounce Higher Again On Friday

Taiwan Shares May Bounce Higher Again On Friday

The Taiwan stock market on Thursday ended the three-day winning streak in which it had rallied more than 810 points or 3.6 percent. The Taiwan Stock Exchange now sits just beneath the 22,290-point plateau and it may see renewed support on Friday.
RTTNews | Pred 2 h 11 min
Rebound Anticipated For Japan Stock Market

Rebound Anticipated For Japan Stock Market

The Japan stock market on Thursday ended the four-day winning streak in which it had climbed more than 860 points or 2.5 percent. The Nikkei 225 now sits just beneath the 38,175-point plateau although it may bounce higher again on Friday.
RTTNews | Pred 2 h 12 min
U.S. Dollar Weakens After Soft PPI Data

U.S. Dollar Weakens After Soft PPI Data

The U.S. dollar dropped against its major counterparts in the New York session on Thursday, as soft producer inflation data for May raised hopes of a rate cut by the Federal Reserve.
RTTNews | Pred 5 h 27 min
Canadian Market Up Slightly In Cautious Trade

Canadian Market Up Slightly In Cautious Trade

After a flat start and a subsequent drop, the Canadian market moved into positive territory Thursday morning, led by gains in materials and communications sectors. The mood remains cautious amid uncertainty about U.S.-China trade deal and easing prospects of he European Union arriving at a pact with the U.S. before the July 8 deadline. Middle East tensions also weigh on sentiment.
RTTNews | Pred 7 h 11 min
U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

U.S. Producer Prices Inch Up 0.1% In May, Less Than Expected

After reporting an unexpected decrease by U.S. producer prices in the previous month, the Labor Department released a report Thursday showing producer prices crept slightly higher in the month of May. The Labor Department said its producer price index for final demand inched up by 0.1 percent after slipping by a revised 0.2 percent in April.
RTTNews | Pred 9 h 59 min