Sensex, Nifty Set To Fall Amid Global Selloff

RTTNews | 636 ngày trước

(RTTNews) - Indian shares are seen opening sharply lower on Wednesday as traders ratcheted down their expectations for a Federal Reserve's interest-rate cut before July.

The dollar climbed against major currencies in international markets and Treasury yields soared as the latest U.S. CPI data pushed back on the hopes of a rate cut from the Federal Reserve any time soon.

Adani Group stocks could be in focus today after Moody's upgraded the ratings of four Group firms.

Benchmark indexes Sensex and Nifty jumped 0.7 percent and 0.6 percent, respectively on Tuesday after the release of positive retail inflation and industrial output data. The rupee settled flat at 83 against the dollar.

Asian markets traded sharply lower, and gold fell below $2,000 per ounce while oil edged lower from the highest close in two weeks after industry data showed a substantial build in U.S. crude stockpiles.

U.S. stocks tumbled overnight while Treasury yields spiked as hotter-than-expected inflation data for January damped hopes of early and deeper Fed rate cuts this year.

Data showed the annual rate of consumer price growth slowed to 3.1 percent in January from 3.4 percent in December. Economists had expected the pace of growth to slow to 2.9 percent.

The annual rate of core consumer price in January came in unchanged from the previous month at 3.9 percent versus expectations for a decline to 3.7 percent.

The Dow and the S&P 500 both fell around 1.4 percent while the tech-heavy Nasdaq Composite plummeted 1.8 percent.

European stocks fell notably on Tuesday as investors assessed regional economic data, a slew of corporate earnings and the higher-than-expected U.S. CPI reading.

The pan European STOXX 600 lost 1 percent. The German DAX shed 0.9 percent, while France's CAC 40 and the U.K.'s FTSE 100 both dipped around 0.8 percent.

Sensex, Nifty Modestly Lower In Cautious Trade

Indian shares were a tad lower on Tuesday despite firm cues from global markets and comments from U.S. President Donald Trump that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 1h 15phút trước

Australian Market Slips To Losses In Mid-market

The Australian stock market is slipping in to the red in mid-market trading on Tuesday after early gains, reversing some of the gains in the previous session, despite the broadly positive cues from Wall Street overnight. The benchmark S&P/ASX 200 is staying well below the 8,850 level, with weakness in financial and technology stocks partially offset by gains in mining and energy stocks.

RTTNews | 2h 18phút trước

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, as traders react to further progress made towards ending the US government shutdown, with the US Senate commencing a series of votes on a package to reopen the government and end the longest shutdown on record. Asian markets closed mostly higher on Monday.

RTTNews | 2h 37phút trước

Sensex, Nifty Seen Opening Higher On Trade Deal Hopes

Indian shares look set to open on a positive note Tuesday after U.S. President Donald Trump indicated he would reduce the tariff rate on Indian goods "at some point," and that the U.S. was "pretty close" to a trade deal with New Delhi that's good for everybody.

RTTNews | 3h 9phút trước

Thai Shares Expected To Open To The Upside On Tuesday

The Thai stock market has moved higher in two of three trading days since the end of the five-day losing streak in which it had dropped more than 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,305-point plateau and it's called higher again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 3h 40phút trước

Rebound Tipped For Indonesia Stock Market

The Indonesia stock market on Monday snapped the three-day winning streak in which it had gained almost 160 points or 1.2 percent. The Jakarta Composite Index now sits just above the 8,390-point plateau although it's expected to see renewed support on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead. The JCI finished slightly lower on Monday as losses from the financials and telecoms were mitigated by support from the resource stocks and a mixed picture from the cement companies. For the day, the index eased 3.35 points or 0.04 percent to finish at the daily low of 8,391.24 after peaking at 8,478.15. Among the actives, Bank CIMB Niaga shed 0.57 percent, while Bank Mandiri fell 0.42 percent, Bank Danamon Indonesia collected 0.40 percent, Bank Negara Indonesia tumbled 1.78 percent, Bank Central Asia skidded 1.15 percent, Bank Rakyat Indonesia slumped 1.26 percent, Indosat Ooredoo Hutchison plunged 3.72 percent, Indocement improved 0.78 percent, Semen Indonesia plummeted 4.17 percent, Indofood Sukses Makmur slipped 0.35 percent, United Tractors rallied 1.36 percent, Energi Mega Persada surged 4.60 percent, Astra Agro Lestari dropped 0.96 percent, Aneka Tambang rose 0.34 percent, Vale Indonesia eased 0.22 percent, Timah soared 6.85 percent, Bumi Resources spiked 6.38 percent and Astra International was unchanged. The lead from Wall Street is solid as the major averages opened higher on Monday and largely spent most of the sessions firmly in positive territory.

RTTNews | 4h 10phút trước

Japanese Market Significantly Higher

The Japanese stock market is trading significantly higher on Tuesday, extending the gains in the previous session, following the broadly positive cues from Wall Street overnight. The Nikkei 225 is moving well above the 51,350 level, with gains in index heavyweights, financial and technology and stocks.

RTTNews | 4h 24phút trước

Higher Open Predicted For Hong Kong Stock Market

The Hong Kong stock market has moved higher in two of three trading days since the end of the two-day slide in which it had dropped more than 220 points or 0.8 percent. The Hang Seng Index now rests just beneath the 26,650-point plateau and it's expected to open to the upside again on Tuesday. The global forecast for the Asian markets is broadly positive on optimism that the end of the U.S. government shutdown in near. The European and U.S. markets were sharply higher and the Asian bourses are expected to follow that lead.

RTTNews | 4h 25phút trước

EURUSD	1.15574	GBPUSD	1.3167	AUDUSD	0.65254
USDJPY	154.339	USDCAD	1.40351	USDCHF	0.8048