Sensex, Nifty Set To Follow Global Peers Lower

RTTNews | Pred 573 dňami

(RTTNews) - Indian shares look set to open on a sluggish note Wednesday as investors fret over rising tensions in the Middle East and the U.S. interest-rate outlook.

The first policy meeting of the RB's rate-setting panel for FY25 is scheduled this week from April 3-5, 2024. A status quo on rates is likely, given the backdrop of strong growth and inflation persistently exceeding the MPC's target.

Investors also await Q4 earnings results, with major IT companies expected to report muted revenue growth.

Benchmark indexes Sensex and Nifty ended a choppy session marginally lower on Tuesday, while the rupee ended little changed.

Asian markets traded lower this morning, with benchmark indexes in Australia, South Korea and Japan falling over 1 percent as hopes for an early Fed rate cut faded.

Higher commodity prices as well as heightened tensions in the Middle East fueled fresh concerns about inflation and the interest-rate outlook.

The dollar was little changed in Asian trading ahead of Fed Chair Jerome Powell's speech later in the day and the release of the highly anticipated U.S. jobs report later in the week.

Gold prices extended their record rally amid growing West Asia tensions. Likewise, oil extended a rally on industry data showing a drawdown in U.S. crude inventories.

U.S. stocks ended lower overnight as the yield on the benchmark ten-year note reached a four-month high on comments from Fed officials signaling higher interest rates for longer.

Encouraging readings on job openings and factory orders also added to skepticism about the pace of Fed easing.

The Dow gave up 1 percent and the S&P 500 dipped 0.7 percent to extend Monday's losses while the tech-heavy Nasdaq Composite declined 1 percent.

European stocks closed lower on Tuesday after the release of euro zone manufacturing, German inflation and U.K. house price data.

The pan European STOXX 600 shed 0.8 percent as trading resumed after a long holiday weekend.

The German DAX lost 1.1 percent, France's CAC 40 dipped 0.9 percent and the U.K.'s FTSE 100 slid 0.2 percent.

Swiss Market Ends Notably Lower; Sika, Novartis Decline Sharply

The Switzerland market kept drifting lower and lower after a weak start on Tuesday and eventually ended the day's session firmly in negative territory.

RTTNews | Pred 2 h 35 min

European Stocks Close Mostly Lower As Investors Await Central Banks Rate Decisions

European stocks settled mostly lower on Tuesday as investors reacted a slew of corporate earnings announcements, and awaited the interest rate decisions from several central banks, including the Federal Reserve and the European Central Bank.

RTTNews | Pred 2 h 58 min

Canadian Market Advances; Cameco, Celestica Up Sharply

The Canadian market is up in positive territory around late morning on Tuesday thanks to gains in technology stocks. Energy stocks are weak, weighed down by a sharp drop in crude oil prices.

RTTNews | Pred 5 h 2 min

U.S. Consumer Confidence Edges Modestly Lower In October

Consumer confidence in the U.S. saw a modest deterioration in the month of October, according to a report released by the Conference Board on Tuesday. The Conference Board said its consumer confidence index dipped to 94.6 in October from an upwardly revised 95.6 in September.

RTTNews | Pred 6 h 27 min

PayPal Lifts FY25 Outlook Above Market, Teams With OpenAI; Stock Up

Shares of PayPal Holdings, Inc. were gaining around 15 percent in the pre-market activity on the Nasdaq, after the company issued earnings forecast for its fourth quarter expecting year-over-year growth, and raised fiscal 2025 outlook above the market estimates. The payment technology major also initiated quarterly cash dividend after reporting higher third-quarter results above market.

RTTNews | Pred 7 h 43 min

Falling Commodity Prices Likely To Weigh On Canadian Market At Open

Canadian market is likely to open on a negative note Tuesday morning, weighed down by falling crude oil and gold prices. The mood is likely to remain cautious ahead of the monetary policy announcements from the Bank of Canada and the Federal Reserve on Wednesday.

RTTNews | Pred 8 h 8 min

German GfK Consumer Sentiment To Continue Falling On Weak Income Expectations

German consumer confidence is likely to continue its downward trend in November on weaker income expectations, monthly survey data published jointly by NIQ/GfK and the Nuremberg Institute for Market Decisions showed Tuesday. The forward-looking consumer climate indicator fell unexpectedly to -24.1 in November from revised -22.5 in October. The score was expected to improve to -22.0.

RTTNews | Pred 9 h 0 min

UPS Sees Q4 Revenues Above Street As Q3 Beats Market, Despite A Fall; Stock Gains

Shares of United Parcel Service Inc. were gaining around 9 percent in the pre-market activity on Tuesday after the logistics major issued fourth-quarter outlook for revenues above market estimates after the third-quarter adjusted earnings and top line beat the Street. On a reported basis, third-quarter earnings were down mainly as revenues were hit by weak results in U.S. Domestic and Supply Chain

RTTNews | Pred 9 h 17 min

EURUSD	1.1654	GBPUSD	1.32777	AUDUSD	0.6586
USDJPY	152.087	USDCAD	1.39428	USDCHF	0.7933