Sensex, Nifty Set To Follow Global Peers Lower

RTTNews | 574 gün önce

(RTTNews) - Indian shares look set to open on a sluggish note Wednesday as investors fret over rising tensions in the Middle East and the U.S. interest-rate outlook.

The first policy meeting of the RB's rate-setting panel for FY25 is scheduled this week from April 3-5, 2024. A status quo on rates is likely, given the backdrop of strong growth and inflation persistently exceeding the MPC's target.

Investors also await Q4 earnings results, with major IT companies expected to report muted revenue growth.

Benchmark indexes Sensex and Nifty ended a choppy session marginally lower on Tuesday, while the rupee ended little changed.

Asian markets traded lower this morning, with benchmark indexes in Australia, South Korea and Japan falling over 1 percent as hopes for an early Fed rate cut faded.

Higher commodity prices as well as heightened tensions in the Middle East fueled fresh concerns about inflation and the interest-rate outlook.

The dollar was little changed in Asian trading ahead of Fed Chair Jerome Powell's speech later in the day and the release of the highly anticipated U.S. jobs report later in the week.

Gold prices extended their record rally amid growing West Asia tensions. Likewise, oil extended a rally on industry data showing a drawdown in U.S. crude inventories.

U.S. stocks ended lower overnight as the yield on the benchmark ten-year note reached a four-month high on comments from Fed officials signaling higher interest rates for longer.

Encouraging readings on job openings and factory orders also added to skepticism about the pace of Fed easing.

The Dow gave up 1 percent and the S&P 500 dipped 0.7 percent to extend Monday's losses while the tech-heavy Nasdaq Composite declined 1 percent.

European stocks closed lower on Tuesday after the release of euro zone manufacturing, German inflation and U.K. house price data.

The pan European STOXX 600 shed 0.8 percent as trading resumed after a long holiday weekend.

The German DAX lost 1.1 percent, France's CAC 40 dipped 0.9 percent and the U.K.'s FTSE 100 slid 0.2 percent.

Swiss Market Ends On Weak Note

After spending a few minutes in positive territory at the start, Switzerland stock market's benchmark SMI drifted down and then stayed weak right through the trading session on Wednesday, with investors digesting corporate earnings updates and looking ahead to the Federal Reserve's rate decision due later in the day.

RTTNews | 48 dakika önce

Fed Announces Widely Expected Decision To Cut Rates By Another Quarter Point

After cutting interest rates for the first time this year in September, the Federal Reserve on Wednesday announced its widely expected decision to lower rates by another quarter point. The Fed said it decided to lower the target range for the federal funds rate by 25 basis points to 3.75 percent to 4.0 percent in support of its dual goals.

RTTNews | 1s 16 dakika önce

Major European Markets Close On Mixed Note Ahead Of Fed Rate Decision

European stocks turned in a mixed performance on Wednesday with investors reacting to a slew of earnings announcements, and looking ahead to the monetary policy announcement from the Federal Reserve later in the day, and the upcoming meeting between U.S. President Donald Trump and his Chinese counterpart Xi Jinping. Investors also looked ahead to the ECB's policy announcement due tomorrow.

RTTNews | 1s 17 dakika önce

Canadian Market Drifts Lower After BoC Rate Decision; Energy, Materials Shares Rise

The Canadian market is down in negative territory around noon on Wednesday, weighed down by losses in consumer, healthcare, industrials and real estate sectors. Investors are digesting the Bank of Canada's rate cut decision, and looking ahead to the Federal Reserve's interest rate announcement due later in the day.

RTTNews | 3s 26 dakika önce

U.S. Pending Home Sales Unexpectedly Unchanged In September

After reporting a sharp increase by pending home sales in the U.S. in the previous month, the National Association of Realtors released a report on Wednesday showing pending home sales unexpectedly came in flat in the month of September. NAR said its pending homes sales index was unchanged at 74.8 in September after surging by 4.2 percent in August.

RTTNews | 5s 29 dakika önce

Bank Of Canada Cuts Interest Rates By Another Quarter Point

The Bank of Canada on Wednesday announced its widely expected decision to lower interest rates once again, cutting rates by a quarter point for the second consecutive meeting. The Canadian central bank said it reduced its target for the overnight rate by 25 basis points to 2.25 percent, with the Bank Rate at 2.5 percent and the deposit rate at 2.20 percent.

RTTNews | 5s 31 dakika önce

Bay Street Likely To Open Higher; BoC, Fed Rate Announcements Eyed

Canadian stocks are likely to open on a positive note on Wednesday, tracking firm oil and metal prices. Expectations of interest rate cuts by the Bank of Canada and the Federal Reserve may also contribute to a steady open on Bay Street.

RTTNews | 7s 9 dakika önce

FTSE 100 Advances As Miners, Pharma Stocks Rally

The U.K. market is up firmly in positive territory on Wednesday, led by gains in mining and pharmaceutical sectors, thanks to a rebound in metal prices and stronger than expected earnings from drug major GSK.

RTTNews | 7s 47 dakika önce

EURUSD	1.15882	GBPUSD	1.31709	AUDUSD	0.65647
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