Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

RTTNews | 942 วันที่ผ่านมา
Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

(RTTNews) - Indian shares look set to open lower on Thursday, mirroring weak global cues as investors fret over the true scale of infections in China and the possibility of higher interest rates leading to a global recession.

Benchmark indexes Sensex and Nifty ended Wednesday's session marginally lower, snapping a two-day winning streak. The rupee gained 7 paise to close at 82.80 against the dollar.

Asian markets traded mostly lower this morning while gold edged up after having fallen 1 percent on Wednesday, hit by a stronger dollar and higher Treasury yields.

Oil extended overnight losses on concerns over rising COVID cases in China.

U.S. stocks fell sharply overnight, with recession fears and growing concerns around COVID re-emergence weighing on markets heading into 2023.

The tech-heavy Nasdaq Composite lost 1.4 percent to hit a 2022 closing low while the S&P 500 shed 1.2 percent and the Dow declined 1.1 percent.

European stocks closed broadly lower on Wednesday as several countries announced plans to impose entry curbs for those coming from China.

The pan European STOXX 600 slipped 0.1 percent. The German DAX dropped half a percent and France's CAC 40 index gave up 0.6 percent while the U.K.'s FTSE rose 0.3 percent as trading resumed after a long holiday weekend.

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Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down

Swiss Stocks Slip On Late Selling; SMI Ends 0.34% Down

The Switzerland market closed weak on Monday as a few stocks tumbled on selling pressure in the final hour of the day's session. The market got off to a firm start, in line with markets across Europe, as news about the U.S. and European Union agreed on a trade deal over the weekend. However, the mood turned cautious as the day progressed, and the market eventually closed on a weak note.
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European Markets Fail To Hold Gains, Settle Weak

European Markets Fail To Hold Gains, Settle Weak

Despite opening on a bright note, European stocks retreated and settled mostly lower on Monday, as initial buoyancy over an EU-US trade deal faded and investors looked ahead to earnings updates, some crucial economic data and policy announcements from the Federal Reserve and the Bank of Japan this week.
RTTNews | 3 ชม. 39 นาทีที่ผ่านมา
Canadian Market Modestly Lower; Materials Stocks Decline

Canadian Market Modestly Lower; Materials Stocks Decline

Despite the U.S.-European Union agreeing on a trade deal over the weekend, the mood in the market remains cautious. The market slipped after opening flat Monday morning, and despite staging a recovery subsequently, remains in negative territory, weighed down by losses in materials sector due to weak metal prices.
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Tesla, Samsung Sign $16.54 Bln Chip Deal; Shares Gain

EV major Tesla Inc. and South Korean chip maker Samsung Electronics Co. Ltd. have entered into a contract worth around 22.76 trillion Korean Won or $16.54 billion for semiconductor contract manufacturing. Tesla founder and CEO Elon Musk in a post on the social media platform confirmed that Samsung will be making Tesla's next-generation AI6 chip.
RTTNews | 7 ชม. 2 นาทีที่ผ่านมา
Bay Street Likely To Open Higher

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FTSE 100 Retreats After Positive Start, Down Marginally

FTSE 100 Retreats After Positive Start, Down Marginally

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RTTNews | 9 ชม. 18 นาทีที่ผ่านมา
CAC 40 Up Over 0.5% As Trade Tensions Ease

CAC 40 Up Over 0.5% As Trade Tensions Ease

After opening on a firm note, French stocks gave up some gains Monday morning as investors turned a bit cautious, looking ahead to some crucial earnings and economic data due this week. The positive start came amid easing concerns over tariff as the U.S. and EU arrived at a trade deal over the weekend.
RTTNews | 9 ชม. 38 นาทีที่ผ่านมา