Sensex, Nifty Seen Lower Amid US Tariff Uncertainty

RTTNews | 11 วันที่ผ่านมา
Sensex, Nifty Seen Lower Amid US Tariff Uncertainty

(RTTNews) - Indian shares are likely to open lower on Friday as investors watch the judicial developments surrounding U.S. President Donald Trump's "reciprocal" tariffs and weigh the outlook for Fed policy.

Trump called Federal Reserve Chair Jerome Powell to the White House on Thursday and told the central bank chief he was making a "mistake" by not lowering interest rates. "Powell did not discuss his expectations for monetary policy, except to stress that the path of policy will depend entirely on incoming economic information and what that means for the outlook," the Fed said in a statement after the meeting.

Benchmark indexes Sensex and Nifty ended slightly higher on Thursday, after having struggled for direction till late afternoon trade. The rupee declined 10 paise to close at 85.48 against the greenback. Asian markets were mostly lower this morning, with Japan and Hong Kong leading regional losses amid signs that trade headwinds will not subside anytime soon.

Even if tariffs are defanged, analysts say that Trump will have other options to pursue the trade war.

The dollar softened and was poised for its fifth straight monthly decline due to trade and fiscal worries.

The Japanese yen attracted buyers for the second straight day as data showed inflation in Tokyo rose the most in two years.

Gold dipped toward $3,300 per ounce ahead of key U.S. inflation data that could influence the Fed's rate trajectory.

Oil prices traded lower and were set for a weekly drop as markets braced for a potential OPEC+ output hike.

U.S. stocks fluctuated before closing moderately higher overnight as strong Nvidia earnings and easing bond yields after a strong note auction offset legal uncertainty surrounding President Trump's reciprocal tariffs.

An appeals court reinstated Trump's "Liberation Day" tariffs after a trade court blocked them, ruling he overreached his authority.

Earlier, the White House threatened to take the case to the Supreme Court on Friday if its appeal was not granted.

In economic releases, weekly jobless claims rose, corporate profits fell sharply in the first quarter, pending home sales dropped by most since 2022 and revised GDP figures confirmed first contraction since 2022 and showed slowdown in consumer spending growth, reinforcing bets the Federal Reserve will lower interest rates twice by early 2026.

The Dow edged up by 0.3 percent while the tech-heavy Nasdaq Composite and the S&P 500 both added around 0.4 percent.

European stocks reversed course to end lower on Thursday due to ongoing uncertainty over U.S. tariffs.

The pan European STOXX 600 dropped 0.2 percent. The German DAX dipped 0.4 percent while France's CAC 40 and the U.K.'s FTSE 100 both slid by 0.1 percent.

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Gold Dips As US-China Trade Talks Continue

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.
RTTNews | 1 ชม. 34 นาทีที่ผ่านมา
Crude Oil Prices Fade As US-China Talks Progress

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.
RTTNews | 1 ชม. 40 นาทีที่ผ่านมา
Canadian Dollar Appreciates Amid Risk Appetite

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.
RTTNews | 2 ชม. 21 นาทีที่ผ่านมา
Swiss Market Ends Marginally Down

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.
RTTNews | 3 ชม. 46 นาทีที่ผ่านมา
European Stocks Close On Mixed Note

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.
RTTNews | 4 ชม. 2 นาทีที่ผ่านมา
TSX Up Marginally; Energy Stocks Rise

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.
RTTNews | 5 ชม. 9 นาทีที่ผ่านมา
U.S. Stocks Mostly Subdued In Lackluster Trade

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.
RTTNews | 5 ชม. 45 นาทีที่ผ่านมา
Eurozone Investor Confidence Strongest In A Year: Sentix

Eurozone Investor Confidence Strongest In A Year: Sentix

Euro area investor morale rose to the highest level in a year in June, driven by the economic recovery in Germany, survey data from the behavioral research institute Sentix showed Tuesday. The investor sentiment index rose to +0.2 in June from -8.1 in May. This was the highest reading since June 2024 and remained well above economists' forecast of -6.0.
RTTNews | 8 ชม. 39 นาทีที่ผ่านมา