Sensex, Nifty Seen Lower After US Rating Downgrade

RTTNews | 729 ngày trước
Sensex, Nifty Seen Lower After US Rating Downgrade

(RTTNews) - Indian shares may open a tad lower on Wednesday as investors react to tepid global cues, mixed auto sales data for July and upbeat GST collection data showing 11 percent year-on-year growth in collection in July.

Cement and Adani Group stocks could be in focus today after reports that Ambuja Cements is all set to acquire a majority stake in operations of Sanghi Industries.

Benchmark indexes Sensex and Nifty ended a choppy session marginally lower on Tuesday while the rupee settled 7 paise higher at 82.22 against the dollar.

Asian markets drifted lower this morning after Fitch downgraded the U.S. government's credit rating from AAA to AA+, citing a steady deterioration in standards of governance.

Mixed U.S. earnings also weighed, with Advanced Micro Devices reporting better-than-expected quarterly results while Starbucks missed market expectations for quarterly comparable sales.

Gold edged higher on dollar weakness while oil prices rose more than 1 percent in Asian trade after industry data showed a sharp drop in U.S. crude stocks last week.

U.S. stocks ended mostly lower overnight as caution crept in ahead of key earnings and the U.S. jobs data due this week.

In economic releases, U.S. manufacturing activity contracted for the ninth consecutive month in July and construction spending rose by slightly less than expected in June while job openings fell to the lowest level in more than two years in June, separate reports showed.

The tech-heavy Nasdaq Composite gave up 0.4 percent and the S&P 500 eased 0.3 percent while the Dow edged up 0.2 percent to reach its best closing level in well over a year after Caterpillar reported strong second-quarter profits.

European stocks closed lower on Tuesday as weak manufacturing PMI data from Asia, Europe and the U.S. revived growth worries.

The pan European STOXX 600 fell 0.9 percent in its biggest single-day percentage loss in nearly a month.

The German DAX lost 1.3 percent, France's CAC 40 shed 1.2 percent and the U.K.'s FTSE 100 dropped 0.4 percent.

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U.S. Consumer Price Growth Matches Estimates In June

U.S. Consumer Price Growth Matches Estimates In June

A closely watched report released by the Commerce Department on Thursday showed consumer prices in the U.S. increased in line with economist estimates in the month of June. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.3 percent in June after inching up by an upwardly revised 0.2 percent in May.
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German Unemployment Rises In July

German Unemployment Rises In July

Germany's unemployment increased less than expected in July but the overall number of people out of work remained close to the 3 million mark due to the prolonged period of economic slowdown, official data revealed on Thursday. The number of unemployed rose by less-than-expected 2,000 from June, the Federal Employment Agency said. For July, economists had forecast an increase of 15,000.
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U.S. Jobless Claims Inch Up Less Than Expected To 218,000

U.S. Jobless Claims Inch Up Less Than Expected To 218,000

First-time claims for U.S. unemployment benefits edged slightly higher in the week ended July 26th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims crept up to 218,000, an increase of 1,000 from the previous week's unrevised level of 217,000. Economists had expected jobless claims to rise to 224,000.
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Bay Street Looks Headed For Positive Start

Bay Street Looks Headed For Positive Start

Canadian shares look headed for a positive start Thursday morning, with investor sentiment getting a boost thanks to strong results from US tech majors Meta Platforms and Microsoft.
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Eurozone Jobless Rate Unchanged At 6.2%

Eurozone Jobless Rate Unchanged At 6.2%

The euro area unemployment rate remained stable in June despite slowing economic growth and challenging global trade situation, official data revealed on Thursday. The jobless rate came in at seasonally adjusted 6.2 percent, the same rate as seen in May and down from 6.4 percent in the same period last year, Eurostat said Thursday.
RTTNews | 3h 24phút trước