Sensex, Nifty Seen Lower Amid US Tariff Uncertainty

RTTNews | 12 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.

read more
Euro Rises Amid Risk-on Mood

Euro Rises Amid Risk-on Mood

The euro strengthened against other major currencies in the European session on Wednesday amid increased risk-on mood, as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction. After two days of discussions in London, U.S. and Chinese officials have agreed on a limited framework to put their trade truce back on track.
RTTNews | 36 นาทีที่ผ่านมา
Euro Rises Against Majors

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Wednesday.
RTTNews | 45 นาทีที่ผ่านมา
Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Sensex, Nifty End Modestly Higher; IT Stocks Lead Gains

Indian shares eked out modest gains on Wednesday as markets assessed the outcome of high-level U.S.-China talks and awaited key U.S. inflation readings for additional clues on the Federal Reserve's rate trajectory.
RTTNews | 46 นาทีที่ผ่านมา
Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Shares Gain As Musk Sets Robotaxi Service Launch Tentatively On June 22

Tesla Inc. shares were gaining around 2.4 percent in the pre-market activity on the Nasdaq following a 6 percent jump on Tuesday's regular trading, after the founder and CEO Elon Musk confirmed that the much awaited robotaxi service is tentatively set to launch in Austin, Texas, on June 22. In a post on his social media platform X, Musk said, "Tentatively, June 22. We are being super paranoid...
RTTNews | 49 นาทีที่ผ่านมา
DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

DAX Up Marginally In Cautious Trade As Traders Await U.S. Inflation Data

German stocks advanced Wednesday morning, reacting positively to the news about top U.S. and Chinese officials reaching a framework to implement the Geneva consensus. If approved, the Sino-U.S. deal will remove some restrictions on China's rare earth exports and unwind a few recent U.S. export bans.
RTTNews | 57 นาทีที่ผ่านมา
European Shares Inch Higher Ahead Of US Inflation Report

European Shares Inch Higher Ahead Of US Inflation Report

European shares edged higher in cautious trade on Wednesday as investors monitored the latest updates from Sino-U.S. talks and awaited crucial U.S. inflation data for direction.
RTTNews | 2 ชม. 8 นาทีที่ผ่านมา
Asian Shares Climb On Trade Talk Optimism

Asian Shares Climb On Trade Talk Optimism

Asian stocks advanced on Wednesday after top U.S. and Chinese officials said they have reached a framework to implement the Geneva consensus, following two days of discussions in London.
RTTNews | 2 ชม. 37 นาทีที่ผ่านมา
Commodity Currencies Slide Amid Crude Oil Price Drop

Commodity Currencies Slide Amid Crude Oil Price Drop

The commodity currencies such as the Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Wednesday amid crude oil price drop, as markets awaited the outcome of US-China trade talks, which have yet to be approved by President Donald Trump, with China's poor oil demand and OPEC+ output increases weighing on the market.
RTTNews | 3 ชม. 4 นาทีที่ผ่านมา