Sensex, Nifty Set To Drift Lower On Hawkish Fed Comments

RTTNews | Pred 1023 dňami

(RTTNews) - Indian shares may open on a tepid note Thursday, mirroring weak global cues. Moves in the forex and bond markets may sway sentiment as the day progresses.

A closely watched section of the U.S. yield curve remained near levels not seen in four decades, suggesting investors are bracing for a recession.

San Francisco Fed President Mary Daly told CNBC that a pause in rate hikes is "off the table," right now and is not even part of the discussion.

New York Fed President John Williams said that price stability is a "must-have" for the central and that financial markets must function properly for monetary policy to be most effective.

Separately, Fed Governor or Christopher Waller said he would not make a judgement about the pace of rate hikes until he sees more data, including the next PCE inflation report and the next jobs report.

Meanwhile, foreign institutional investors have net sold shares worth Rs 386.06 crore on November 16, while domestic institutional investors net bought shares worth Rs 1,437.40 crore, according to provisional data available on the NSE.

Benchmark indexes Sensex and Nifty ended Wednesday's session slightly higher after fluctuating in early trade on rising geopolitical tensions. The rupee fell by 34 paise to close at 81.25 against the dollar.

Asian markets traded mostly lower this morning, while the dollar caught its footing on strong retail sales data released overnight.

Oil extended overnight losses after Russian oil shipments via the Druzhba pipeline to Hungary restarted.

U.S. stocks fell overnight as investors reacted to retail giant Target's warning of weaker holiday spending and a mixed batch of data on retail sales, industrial production and homebuilder confidence.

The tech-heavy Nasdaq Composite tumbled 1.5 percent while the S&P 500 gave up 0.8 percent and the Dow slipped 0.1 percent.

European stocks fell for the first time in four days on Wednesday, as geopolitical tensions injected some volatility, the ECB warned of growing risks to the financial system and data showed U.K. inflation soared to a 41-year high in October.

The pan European Stoxx 600 fell 1 percent even as NATO's chief said there are no indications that the deadly explosion in Poland was an intentional attack by Russia.

The German DAX lost 1 percent, France's CAC 40 index dipped half a percent and the U.K.'s FTSE 100 eased 0.3 percent.

Swiss Franc Falls Against Majors

The Swiss franc dropped against its major counterparts in the New York session on Thursday.

RTTNews | Pred 57 minútami

Canadian Market Looks Headed For Another Positive Close

The Canadian market is firmly placed in positive territory Thursday afternoon, thanks largely to a fine performance by several technology stocks, and a few frontline stocks from consumer discretionary, real estate, communications and financials sectors.

RTTNews | Pred 3 h 31 min

Swiss Market Closes On Buoyant Note

The Switzerland market closed on a strong note on Thursday, in line with most of the markets across Europe, amid rising expectations of a rate cut by the Federal Reserve, and easing concerns about tariffs.

RTTNews | Pred 4 h 6 min

European Stocks Close Higher Ahead Of Crucial U.S. Jobs Data

European stocks closed mostly higher on Thursday, with most of the markets in the region gaining for a second straight day amid cooling bond markets. Still, the mood in the markets remained a bit cautious with investors looking ahead to crucial U.S. non-farm payroll data on Friday.

RTTNews | Pred 4 h 41 min

U.S. Services Index Climbs To Six-Month High In August

Service sector growth in the U.S. accelerated by more than anticipated in the month of August, according to a report released by the Institute for Supply Management on Thursday. The ISM said its services PMI rose to 52.0 in August from 50.1 in July, with a reading above 50 indicating growth. Economists had expected the index to inch up to 50.5.

RTTNews | Pred 7 h 8 min

U.S. Labor Productivity Surges 3.3% In Q2, Much More Than Previously Estimated

A report released by the Labor Department on Thursday showed labor productivity in the U.S. surged by much more than previously estimated in the second quarter of 2025. The Labor Department said labor productivity shot up by 3.3 percent in the second quarter compared to the previously reported 2.4 percent jump. Economists had expected the increase in labor productivity to be unrevised.

RTTNews | Pred 7 h 26 min

U.S. Trade Deficit Widens More Than Expected As Imports Spike

With the value of imports spiking, the Commerce Department released a report on Thursday showing the U.S. trade deficit widened more than expected in the month of July. The Commerce Department said the trade deficit shot up to $78.3 billion in July from a revised $59.6 billion in June. Economists had expected the trade deficit to increase to $75.7 billion.

RTTNews | Pred 7 h 56 min

U.S. Jobless Claims Rise More Than Expected To Two-Month High

A day ahead of the release of the more closely watched monthly jobs report, the Labor Department released a report on Thursday showing first-time claims for U.S. unemployment benefits rose by more than expected in the week ended August 30th. The Labor Department said initial jobless claims climbed to 237,000, an increase of 8,000 from the previous week's unrevised level of 229,000.

RTTNews | Pred 8 h 0 min

EURUSD	1.16458	GBPUSD	1.34316	AUDUSD	0.65141
USDJPY	148.412	USDCAD	1.38145	USDCHF	0.80521