Sensex, Nifty Set To Open On Cautious Note

RTTNews | Pred 935 dňami
Sensex, Nifty Set To Open On Cautious Note

(RTTNews) - Indian shares may open on a cautious note Wednesday after Wall Street's main indexes closed lower on the first trading day of 2023.

Oil explorers, state-run oil marketing companies, airlines and paint manufacturers could be in focus after oil prices plunged more than 4 percent overnight to hit a two-week low on fuel demand concerns.

Benchmark indexes Sensex and Nifty rose about 0.2 percent each on Tuesday to extend gains for a second day running, with financials and IT stocks leading the surge.

The rupee, however, pared initial gains and settled 8 paise lower at 82.86 against the dollar, weighed by a strong greenback overseas and sustained foreign fund outflows.

Asian markets traded mostly higher this morning amid signs that COVID infections may have peaked in some big Chinese cities.

However, Japanese shares bucked the positive trend as trading resumed after a long holiday weekend.

The dollar eased ahead of the release of some key U.S. economic data due this week, including the Federal Reserve's meeting minutes for December and the closely watched monthly jobs report.

The yen held steady amid efforts by the Bank of Japan to depress yields on government debt.

Gold edged higher, drawing support from recession worries after former New York Federal Reserve President William Dudley said a recession is likely because of what the Fed has to do.

Oil prices were little changed after suffering heavy losses in the U.S. trading session.

U.S. stocks fell overnight, and the dollar jumped, as caution set ahead of key macroeconomic data due this week that could offer additional clues on when and where interest rates might peak.

The Dow finished marginally lower, while the tech-heavy Nasdaq Composite shed 0.8 percent and the S&P 500 eased 0.4 percent.

European stocks closed on a firm note Tuesday to extend gains from the previous session, as Chinese state-media downplayed the seriousness of the COVID-19 pandemic and data showed German consumer inflation slowed in December.

The pan European STOXX Europe 600 rallied 1.2 percent. The German DAX rose 0.8 percent, France's CAC 40 index gained 0.4 percent and the U.K.'s FTSE 100 climbed 1.4 percent.

read more
Canadian Stocks Climb As U.S.-Canada Talks Continue

Canadian Stocks Climb As U.S.-Canada Talks Continue

Canada's stock market scaled a new high on Friday as traders expressed optimism in the continuing high-level U.S.-Canada trade negotiations even as August 1 deadline is closing in.
RTTNews | Pred 1 dňom
Gold Slips As U.S. Tariff Concerns Start To Ease

Gold Slips As U.S. Tariff Concerns Start To Ease

Gold prices fell modestly on Friday as investors see a glimpse of positivity with news of more countries signing deals with the US coming in and other major US trading partners brainstorming with their US counterparts to secure a deal before August 1.
RTTNews | Pred 1 dňom
Crude Falls As Chevron Allowed To Start Operations In Venezuela

Crude Falls As Chevron Allowed To Start Operations In Venezuela

Crude oil fell on Friday on reports that the U.S. might allow partners of Venezuela's state-run PDVSA to resume operations, sparking concerns of over-supply. Earlier in the day, crude oil traded in the positive territory as the U.S. signed a spate of trade deals with its major trading partners in the past few days.
RTTNews | Pred 1 dňom
U.S. Dollar Firms On Easing Trade Tensions

U.S. Dollar Firms On Easing Trade Tensions

The U.S. dollar advanced against its major counterparts in the New York session on Friday, as investors awaited trade talks between the country and key trading partners.
RTTNews | Pred 1 dňom
Swiss Market Ends Notably Lower

Swiss Market Ends Notably Lower

The Switzerland market ended notably lower on Friday as uncertainty about Trump administration's tariff decisions and a few disappointing earnings updates weighed on sentiment.
RTTNews | Pred 2 dňami
Russia Slashes Interest Rates Again On Easing Price Pressures

Russia Slashes Interest Rates Again On Easing Price Pressures

Russia's central bank lowered the key interest rate massively for a second policy session in a row on Friday after policymakers assessed that inflationary pressures are declining and the economy is on a return to balanced growth.
RTTNews | Pred 2 dňami
Bay Street Seen Opening With Negative Bias

Bay Street Seen Opening With Negative Bias

Canadian shares are likely to open with a slightly negative bias Friday morning, weighed down by uncertainty about tariffs, and lower bullion prices. Investors are also likely to react to earnings updates. The market is likely to move in a tight range for much of the day's trading session.
RTTNews | Pred 2 dňami