Sensex, Nifty Seen Tad Higher At Open

RTTNews | Pred 38 dňami

(RTTNews) - Indian shares look set to open higher on Tuesday, though overall gains may remain capped ahead of a holiday for markets on Wednesday for Maharashtra Day.

Investors also await cuts from the Fed policy meeting and the release of latest U.S. jobs report this week for additional cues on the Fed's rate trajectory.

Meanwhile, India's GDP growth could surpass the central bank's 7 percent estimate for 2024-25, the National Council for Applied Economic Research (NCAER) said on Monday, citing the forecast of an above-normal monsoon this year as well as projected acceleration in both global growth and trade volumes.

Benchmark indexes Sensex and Nifty jumped 1.3 percent and 1 percent, respectively on Monday, with private sector banks leading the charge.

The rupee dropped 10 paise to settle at 83.48 against the dollar, pressured by month-end dollar demand from importers.

Asian stocks traded mostly higher this morning, with Japanese markets leading reginal gains.

The yen traded near its lowest level since 1990 against the dollar and gold edged down slightly while oil held its biggest drop in almost two weeks as hopes grew for a possible Gaza truce deal.

U.S. stocks eked out modest gains overnight to extend last week's gains as the Fed meeting loomed and Tesla said it had cleared its path to roll out self-driving software in China.

The Dow and the tech-heavy Nasdaq Composite both rose about 0.4 percent while the S&P 500 added 0.3 percent.

European stocks gave up early gains to end mixed on Monday. The pan European STOXX 600 finished marginally higher.

The German DAX slipped 0.2 percent and France's CAC 40 shed 0.3 percent while the U.K.'s FTSE 100 ended flat with a positive bias.

Canadian Market Weighed Down By Losses In Materials Sector

The Canadian market is down in negative territory around noon on Friday, weighed down by losses in materials section due to weak metal prices. Investors are also digesting the jobs data from Canada and the U.S.

RTTNews | Pred 5 h 22 min

Eurozone Economy Recovers On Household Spending, Trade

The euro area economy recovered as initially estimated in the first quarter, driven by household spending along with favorable net exports, the latest data from Eurostat showed on Friday. Gross domestic product grew 0.3 percent sequentially, reversing the 0.1 percent fall in the final quarter of 2003. The rate confirmed the second estimate published on May 15.

RTTNews | Pred 6 h 49 min

U.S. Wholesale Inventories Inch Up Slightly Less Than Expected In April

Wholesale inventories in the U.S. crept up by slightly less than expected in the month of April, according to a report released by the Commerce Department on Friday. The Commerce Department said wholesale inventories inched up by 0.1 percent in April after falling by a revised 0.5 percent in March. Economists had expected wholesale inventories to rise by 0.2 percent.

RTTNews | Pred 6 h 57 min

U.S. Job Growth Far Exceeds Estimates In May But Unemployment Rate Ticks Higher

Employment in the U.S. shot up by far more than economists had been expecting in the month of May, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment surged by 272,000 jobs in May after climbing by a downwardly revised 165,000 jobs in April.

RTTNews | Pred 8 h 1 min

German Industrial Output Logs 0.1% Fall; Exports Rise

Germany's industrial production registered a marginal fall on falling construction output, while growth in both exports and imports accelerated more than expected, official data revealed on Friday. Industrial output edged down 0.1 percent on a monthly basis in April, Destatis said Friday. This follows a 0.4 percent drop in March. Although the pace of decrease softened from March.

RTTNews | Pred 8 h 6 min

India Holds Key Interest Rates As Expected; Raises Growth Outlook

India's central bank kept its key interest rates unchanged for the eighth straight session on Thursday and pledged to maintain the disinflationary stance until inflation aligns with the target on a durable basis amid faster economic growth. The Monetary Policy Committee of the Reserve Bank of India led by Governor Shaktikanta Das, voted 4-2 to keep the policy repo rate at 6.50 percent.

RTTNews | Pred 8 h 39 min

Semtech Appoints Hong Hou To Succeed Paul Pickle As President And CEO

Semiconductor service provider Semtech Corp. (SMTC) announced Friday the appointment of Hong Hou, a current member of the Semtech Board of Directors, as President and Chief Executive Officer, effective June 6, 2024.

RTTNews | Pred 8 h 39 min

U.S. Employment Surges Much More Than Expected In May

Employment in the U.S. shot up by far more than economists had been expecting in the month of May, according to a closely watched report released by the Labor Department on Friday.

RTTNews | Pred 8 h 49 min

EURUSD	1.08016	GBPUSD	1.27205	AUDUSD	0.65867
USDJPY	156.653	USDCAD	1.37506	USDCHF	0.8964