Sensex, Nifty Seen Tad Lower As Oil Rally Continues

RTTNews | 860 ngày trước

(RTTNews) - Indian shares look set to open a tad lower on Wednesday as global growth concerns returned to the fore.

The World Bank on Tuesday cut India's growth forecast for 2023-24 to 6.3 percent from its December estimate of 6.6 percent, citing global headwinds.

The Asian Development Bank (ADB) also said that India's economy would grow at a slower-than-expected 6.4 percent this year.

The Reserve Bank of India (RBI) will deliver its monetary policy outcome on Thursday, with analysts expecting a 25-bps repo rate hike.

Energy stocks would be in focus today after the government cut the windfall tax on selling domestic crude oil and halved the export levy on diesel.

Indian stock markets were closed on Tuesday for Mahavir Jayanti. Benchmark indexes Sensex and Nifty rose around 0.2 percent each on Monday while the rupee fell by 10 paise to close at 82.31 against the dollar.

Asian markets struggled for direction this morning after JPMorgan Chase & Co.'s chief Jamie Dimon warned the U.S. banking crisis is ongoing and will have effects for years to come.

The dollar held near two-month lows as new data indicated that the softening in the U.S. labor market is gaining momentum.

Gold hovered near record highs seen in 2020 while oil extended gains for a fifth consecutive session.

U.S. stocks declined overnight as oil prices continued to surge and data showed job openings fell dramatically to a two-year low in February, raising worries about the economic outlook.

A separate report showed new orders for U.S. manufactured goods fell for a second straight month in February.

The Dow and the S&P 500 both slipped around 0.6 percent to snap a four-day winning streak while the tech-heavy Nasdaq Composite shed half a percent.

European stocks ended on a subdued note Tuesday as investors weighed the likely impact of rising oil prices on monetary policy and global growth.

The pan European STOXX 600 finished marginally lower. The German DAX inched up 0.1 percent while France's CAC 40 index closed flat with a negative bias and the U.K.'s FTSE 100 dropped half a percent.

UK Labor Market Cools In Q2

The U.K. labor market softened in the second quarter as wage growth eased, the unemployment rate held steady at a four-year high and job vacancies continued to decline sharply, official data revealed on Tuesday. The ILO jobless rate held steady at 4.7 percent in the second quarter, figures from the Office for National Statistics revealed and was in line with expectations.

RTTNews | 1h 5phút trước

U.S. Consumer Prices Increase 0.2% In July, In Line With Estimates

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday. The Labor Department said its consumer price index rose by 0.2 percent in July after climbing by 0.3 percent in June. The modest increase matched expectations.

RTTNews | 1h 17phút trước

Cardinal Health Lifts FY26 Outlook, But Stock Down As Q4 Revenues Miss Street; To Buy Solaris Health

Shares of Cardinal Health, Inc. were losing around 6% in the pre-market activity after the company's fourth-quarter top line missed the market view, even as profit beat the Street. In addition, the health care service provider raised its fiscal 2026 outlook, also above market estimates. Separately, Cardinal Health announced that its multi-specialty management services organization or MSO platform

RTTNews | 1h 41phút trước

U.S. Consumer Prices Increase In Line With Estimates In July

Consumer prices in the U.S. increased in line with economist estimates in the month of July, according to a report released by the Labor Department on Tuesday.

RTTNews | 2h 1phút trước

German ZEW Economic Confidence Deteriorates On Trade Deal

Economic sentiment in Germany deteriorated sharply in August due to the disappointing trade agreement reached with the United States, and also due to the declining economic output in the second quarter, results of the monthly survey conducted by the think tank ZEW showed on Tuesday. The ZEW Indicator of Economic Sentiment plummeted to a three-month low of 34.7 in August.

RTTNews | 2h 36phút trước

Bay Street Likely To Open Flat Or Slightly Higher

The Canadian market is likely to open on a flat to slightly positive note Tuesday morning, amid easing trade concerns following the U.S. government extending its pause on higher tariffs for Chinese goods until November 10, averting an immediate escalation in the trade war.

RTTNews | 2h 39phút trước

FTSE Up Marginally; Spirax Group Shares Jump On Strong Earnings

U.K. stocks are up in positive territory around noon on Tuesday, supported by some encouraging earnings, and easing trade tensions after the U.S. extended its pause on higher tariffs for Chinese goods until November 10.

RTTNews | 3h 34phút trước

Euro Slides On Downbeat German Economic Sentiment Data

The euro weakened against other major currencies in the European session on Tuesday, after German economic confidence deteriorated sharply in August due to disappointing EU-US trade deal.

RTTNews | 3h 59phút trước

EURUSD	1.16608	GBPUSD	1.34923	AUDUSD	0.65117
USDJPY	148.201	USDCAD	1.37758	USDCHF	0.80918