Sensex, Nifty Seen Tad Higher At Open

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(RTTNews) - Indian shares look set to open a tad higher on Friday, with falling oil prices and support from FII buying likely to underpin investor sentiment.

Market heavyweight Reliance Industries is due to unveil its fiscal first-quarter results later in the day.

Benchmark indexes Sensex and the Nifty rose around half a percent each on Thursday to extend gains for a fifth straight session, while the rupee gained 20 paise to close at 79.85 against the greenback.

Asian markets were mostly higher this morning, though overall gains remained muted on growing concerns about the economic outlook, with social media company Snap disclosing a wider-than-expected loss in its second-quarter earnings report.

An uptick in the U.S. dollar weighed on gold prices, while oil prices held steady after declining around 3 percent in the previous session amid a rise in supplies from Libya and on signs of weakening demand in the United States, the world's top oil consumer.

U.S. stocks finished higher for a third straight session overnight as investors assessed a slew of earnings and disappointing economic data.

While jobless claims rose for the third straight week to hit a fresh eight-month high, regional manufacturing activity unexpectedly contracted at a faster rate in July, separate reports showed.

The tech-heavy Nasdaq composite surged 1.4 percent in the wake of Tesla's remarkable quarterly results and the S&P 500 added 1 percent to close at its highest level since June 9, while the Dow gained half a percent.

European stocks ended mostly higher on Thursday as worries over an energy supply crunch eased and the European Central Bank surprised markets with a bigger-than-expected half-point interest rate hike, marking the first rate increase in over a decade.

The pan European Stoxx 600 inched up 0.4 percent. The German DAX eased 0.3 percent, while France's CAC 40 index rose 0.3 percent and the U.K.'s FTSE 100 finished marginally higher.

Japan Producer Price Data Due On Wednesday

Japan will on Tuesday release May figures for producer prices, highlighting a light day for Asia-Pacific economic activity. In April, producer prices were up 0.2 percent on month and 4.0 percent on year.

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Gold Dips As US-China Trade Talks Continue

Gold prices dipped on Tuesday, ahead of US inflation report and ongoing US-China official talks, which is now the focus of investors from all over the world. Front Month Comex Gold for June delivery lost $11.20 (or 0.34%) to $3320.90 per troy ounce on Tuesday. Front Month Comex Silver for June delivery lost $14.60 cents (or 0.40%) to $36.542 today. The much-anticipated high-level trade talks between the world's two largest economies, U.S. and China, began on Monday in London and continued for the second day today. On the economic data front, the US Labor Department will release Consumer Price Index (CPI) data on Wednesday, which may help to determine the Federal Reserve's monetary policy before the Fed's June 17-18 meeting. Meanwhile, the World Bank, in its biannual Global Economic Prospects, has cut the global growth forecast to 2.3% from 2.7% for the current year citing "trade barriers" as a reason behind the global slowdown.

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Crude Oil Prices Fade As US-China Talks Progress

Crude oil prices were down on Tuesday amidst uncertainty over trade talks between China and the United States continued, although the outcome remains uncertain. WTI oil closed down by $0.31 to settle at $64.98 per barrel. August Brent crude was last seen down by $0.03 to $67.01. To ease the standstill created by the reciprocal tariffs imposed by U.S. President Donald Trump and China, high-level officials from both nations convened at London on Monday to discuss steps to soften the conflict. As the talks went on for the second day today, Trump told reporters at the White House that the talks were "going well" and that he was "only getting good reports." While U.S. Treasury Secretary Scott Bessent described Monday's talks as "good meeting," the Commerce Secretary Howard Lutnick called them as "fruitful." On the geopolitical front, however, Russia showed no sign of relenting on its war with Ukraine and continued its attacks. Limiting the downside, the U.S. Energy Information Administration has reported today that US crude oil production is likely to decline over the next 18 months - while the approach of the summer driving season is also good news.

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Canadian Dollar Appreciates Amid Risk Appetite

The Canadian dollar climbed against its major counterparts in the New York session on Tuesday, as investors monitored trade talks between the U.S. and China that continued for a second day.

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Swiss Market Ends Marginally Down

Save for a very brief while at the start, the Switzerland market stayed weak on Tuesday as investors refrained from making significant moves, choosing to wait for directional clues. Investors awaited the outcome of the high-level trade discussions between U.S. and Chinese officials in London.

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European Stocks Close On Mixed Note

European stocks turned in a mixed performance on Tuesday with investors mostly making cautious moves as they awaited the outcome of the ongoing Sino-U.S. trade talks in London. German stocks are drifting lower on Tuesday as investors await the outcome of high-level U.S. - China trade talks in London.

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TSX Up Marginally; Energy Stocks Rise

After a flat start and a subsequent climb up north, the Canadian market retreated Tuesday morning, and at a little past noon, was up marginally, led by gains in energy, consumer and communications sectors. Investors are cautiously optimistic about some positive progress in U.S.-China trade relations.

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U.S. Stocks Mostly Subdued In Lackluster Trade

U.S. stocks are turning in a mixed performance in lackluster trade on Tuesday as traders await the outcome of the ongoing trade talks between China and the U.S. in London. Trade negotiations between the world's two largest economies commenced on Monday, and no big breakthrough seems to have been arrived as yet.

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EURUSD	1.14286	GBPUSD	1.35028	AUDUSD	0.65239
USDJPY	144.863	USDCAD	1.36725	USDCHF	0.8226

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Sensex, Nifty Seen Tad Higher At Open