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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Little Movement Seen For Hong Kong Stock Market

Little Movement Seen For Hong Kong Stock Market

The Hong Kong stock market has alternated between positive and negative finishes through the last five trading days since the end of the three-day winning streak in which it had rallied almost 750 points or 3.5 percent. The Hang Seng Index now sits just above the 24,030-point plateau and it's likely to remain rangebound on Friday.
RTTNews | Pred 15 minútami
Australian Market Slightly Lower

Australian Market Slightly Lower

The Australian stock market is trading slightly lower on Friday after opening in the green, extending the losses in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying below the 8,600 level, with weakness is technology stocks partially offset by gains in gold miners and energy stocks.
RTTNews | Pred 25 minútami
China Stock Market May Add To Its Winnings On Friday

China Stock Market May Add To Its Winnings On Friday

The China stock market has moved higher in back-to-back sessions, collecting more than 15 points or 0.4 percent in that span. The Shanghai Composite Index now sits just above the 3,400-point plateau and it's expected to see continued strength on Friday.
RTTNews | Pred 30 minútami
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 1 h 0 min
Singapore Bourse May Extend Thursday's Gains

Singapore Bourse May Extend Thursday's Gains

The Singapore stock market on Thursday ended the two-day slide in which it had fallen more than 15 points or 0.4 percent. The Straits Times Index now sits just above the 3,920-point plateau and it's tipped to open to the upside again on Friday.
RTTNews | Pred 1 h 30 min
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 2 h 0 min
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 2 h 30 min
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 3 h 25 min