Sensex, Nifty Set To Follow Asian Peers Higher Amid Ukraine Peace Talks

RTTNews | 169 วันที่ผ่านมา
Sensex, Nifty Set To Follow Asian Peers Higher Amid Ukraine Peace Talks

(RTTNews) - Indian shares may open a tad higher on Thursday as a bond sell-off paused and U.S. President Donald Trump said the U.S. and Russia will immediately begin negotiations toward ending the Ukraine conflict.

Closer home, signs of a slowing economy towards the end of 2024 and falling inflation reinforced the views that the Reserve Bank of India (RBI) will continue to loosen its monetary policy in coming months.

Economists expect another 75 basis points of reduction over the rest of this year, bringing the repo rate down to 5.50 percent following last week's 25-bps rate cut for the first time in nearly five years.

India's industrial production rose 3.2 percent year-over-year in December, slower than the revised 5.0 percent gain in November, official data showed. The expected increase was 3.9 percent.

The slowdown in overall growth in December was mainly due to the developments in the manufacturing segment, where the expansion moderated to 3.0 percent from 5.5 percent.

Separate data revealed that India's consumer price inflation slowed more than expected to a five-month low of 4.31 percent in January.

This was the lowest rate since August 2024, when inflation was 3.65 percent. The expected rate was 4.60 percent after a 5.22 percent rise in December.

Benchmark indexes Sensex and Nifty ended marginally lower on Wednesday to extend losses for a sixth straight session amid heightened global uncertainty and potential trade war fears.

The rupee fell by 8 paise to close at 86.87 against the dollar, failing to sustain its early recovery due to sustained foreign fund outflows.

Asian markets were broadly higher this morning, with Japan, Hong Kong and South Korean markets leading regional gains.

The yen was on the back foot while the euro was buoyed by Ukraine peace talks. Gold traded near record highs above $2,900 per ounce while oil prices declined amid expectations that a potential Ukraine peace deal could end sanctions affecting supply flows.

U.S. stocks ended mixed overnight, the dollar advanced and bond yields soared after data showed consumer prices increased in January by the most in nearly a year and a half, adding to worries that the Fed would not rush to resume cutting rates.

The annual rate of consumer price growth accelerated to 3.0 percent in January from 2.9 percent in December, while economists had expected the pace of growth to remain unchanged.

The month-on-month rise for the month was also ahead of expectations, while core inflation touched a 10-month high.

Markets pared early losses after reports emerged that President Donald Trump is considering exemptions to the reciprocal tariffs he may announce as early as Thursday.

Meanwhile, speaking before the House Financial Services Committee on the second day of his semi-annual congressional testimony, Fed Chair Powell reassured lawmakers that the Fed remains committed to making independent decisions based on economic conditions.

The tech-heavy Nasdaq Composite finished marginally higher after tumbling by 1.2 percent earlier. The Dow and the S&P 500 dipped half a percent and 0.3 percent, respectively.

European stocks shrugged of U.S. tariff threats and inflation concerns to close at a record high on Wednesday.

The pan-European STOXX 600 edged up 0.1 percent. The German DAX gained half a percent, France's CAC 40 inched up 0.2 percent and the U.K.'s FTSE 100 added 0.3 percent.

read more
U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.
RTTNews | 11 นาทีที่ผ่านมา
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Canadian shares are set to open on a negative note on Friday as U.S. President Donald Trump's announcement of fresh tariffs on Canada and several other countries has hurt investor sentiment across global markets.
RTTNews | 1 ชม. 23 นาทีที่ผ่านมา
U.S. Employment Rises Much Less Than Expected In July

U.S. Employment Rises Much Less Than Expected In July

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday.
RTTNews | 1 ชม. 25 นาทีที่ผ่านมา
FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

U.K. stocks are down in negative territory on Friday, weighed down by trade concerns after U.S. President Donald Trump announced sweeping tariffs on several countries. The President's letters to 17 major pharma firms, urging them to cut prices, has triggered a sell-off in the pharmaceutical sector.
RTTNews | 2 ชม. 32 นาทีที่ผ่านมา
Eurozone Manufacturing Activity Moves Closer To Stagnation

Eurozone Manufacturing Activity Moves Closer To Stagnation

The euro area manufacturing activity registered a broad stabilization in July as output continued to increase despite a fresh fall in new orders, purchasing managers' survey compiled by S&P Global showed on Friday. The HCOB final manufacturing Purchasing Managers' Index rose to a three-year high of 49.8 in July from 49.5 in June. The score matched the flash estimate.
RTTNews | 3 ชม. 25 นาทีที่ผ่านมา
CAC 40 Down Nearly 2% As Stocks Fall On Tariff Woes

CAC 40 Down Nearly 2% As Stocks Fall On Tariff Woes

French stocks are reeling under a severe selling pressure on Friday with U.S. President Donald Trump's announcement of sweeping new tariffs hurting investor sentiment.
RTTNews | 3 ชม. 36 นาทีที่ผ่านมา
DAX Down 1.7% As Stocks Tumble On Rising Tariff Concerns

DAX Down 1.7% As Stocks Tumble On Rising Tariff Concerns

German stocks are down sharply on Friday due to heavy selling across the board amid rising trade tensions following U.S. President Donald Trump announcing sharply higher tariffs on dozens of countries, including Canada and Switzerland. Trump also confirmed a 15% tariff on EU imports.
RTTNews | 4 ชม. 0 นาทีที่ผ่านมา