Sensex, Nifty Seen Little Changed At Open

RTTNews | 978天前

(RTTNews) - Indian shares may open on a cautious note Thursday, tracking weak cues from global markets. The downside, if any, may remain capped amid tumbling oil prices and expectations that the rate tightening cycle in India may be nearing its peak.

Oil prices extended losses to hit their highest level this year on Wednesday, giving up all of the gains since Russia's invasion of Ukraine, on concerns about fuel demand.

Meanwhile, amid easing of inflation expectations, analysts say that the RBI may go easy on raising rates further.

Benchmark indexes Sensex and the Nifty ended modestly lower on Wednesday while the rupee closed slightly higher to snap a three-day losing streak, as the Reserve Bank of India (RBI) raised its benchmark interest rates for the fifth consecutive meeting and vowed there will be no letup in its fight to tame high inflation.

Asian markets traded mixed this morning amid growing fears of an economic slowdown.

The dollar traded weak, helping oil prices recover some ground after recent heavy losses. Gold held steady after climbing about 1 percent overnight, helped by a pullback in the greenback and bond yields.

U.S. stocks closed mostly lower overnight as investors pondered the outlook for interest rates and the economy.

The S&P 500 slipped 0.2 percent to extend losses for the fifth straight session and the tech-heavy Nasdaq Composite dropped half a percent while the Dow ended flat with a positive bias.

European stocks fell for a fourth day running on Wednesday, with fears about a possible U.S. recession as well as dismal trade data from China weighing on sentiment.

The pan European STOXX 600 gave up 0.6 percent. The German DAX declined 0.6 percent, while France's CAC 40 index and the U.K.'s FTSE 100 both dipped around 0.4 percent.

Singapore Bourse May Give Up Support At 4,200 Points

The Singapore stock market has finished lower in two straight sessions, slipping more than 25 points or 0.6 percent along the way. The Straits Times Index now sits just above the 4,230-point plateau and it may extend its losses on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 25分钟前

Rally May Stall For Malaysia Stock Market

The Malaysia stock market has moved higher in five straight sessions, collecting more than 35 points or 2.4 percent along the way. The Kuala Lumpur Composite Index now sits just above the 1,560-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 55分钟前

Win Streak May End For Japan Stock Market

Ahead of Monday's holiday for Mountain Day, the Japan stock market had moved higher in four consecutive sessions, advancing more than 1,580 points or 3.8 percent along the way. The Nikkei 225 now sits just above the 41,820-point plateau although investors are likely to lock in gains on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red. The Nikkei finished sharply higher on Friday with gains cross the board, especially among the finance, automobile and technology sectors. For the day, the index surged 761.38 points or 1.85 percent to finish at 41,820.48 after trading between 41,248.05 and 42,033.92. Among the actives, Nissan Motor accelerated 2.75 percent, while Mazda Motor spiked 4.91 percent, Toyota Motor jumped 3.47 percent, Honda Motor rallied 3.95 percent, Softbank Group skyrocketed 10.39 percent, Mitsubishi UFJ Financial collected 0.64 percent, Mizuho Financial advanced 1.02 percent, Sumitomo Mitsui Financial added 0.71 percent, Mitsubishi Electric fell 0.28 percent, Sony Group soared 3.50 percent, Panasonic Holdings climbed 1.16 percent and Hitachi rose 0.50 percent. The lead from Wall Street is negative as the major averages opened mixed on Monday, rallied midday but then slumped in the afternoon and finished under water.

RTTNews | 1小时10分钟前

Continued Consolidation Called For South Korea Shares

The South Korea stock market has finished lower in back-to-back sessions, sinking more than 20 points or 0.6 percent along the way. The KOSPI now sits just above the 3,200-point plateau and it may take further damage again on Tuesday. The global forecast for the Asian markets is soft ahead of key U.S. inflation data. The European markets were mixed and the U.S. bourses were down and the Asian markets also figure to track into the red.

RTTNews | 1小时25分钟前

Australia Interest Rate Decision On Tap For Tuesday

The Reserve Bank of Australia will wrap up its monetary policy meeting this morning and then announce its decision on interest rates, highlighting a light day for Asia-Pacific economic activity. The RBA is expected lower its benchmark lending rate by 25 basis points, to 3.60 percent from 3.85 percent.

RTTNews | 2小时25分钟前

U.S. Dollar Firms Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 3小时47分钟前

Swiss Market Fails To Hold Early Gains, Ends Just Slightly Up

Despite opening on a firm note, the Switzerland market paring gains and even slipped into negative territory in late afternoon trades on Monday, but managed to end the day's session slightly up.

RTTNews | 6小时40分钟前

European Stocks Close On Mixed Note After Cautious Session

European stocks turned in a mixed performance on Monday after a cautious session as investors looked ahead to upcoming talks between the U.S. and Russia on the Ukraine war issue, and the ongoing tariff negotiations between the U.S. and China, as well as some crucial economic data, including a report on consumer price inflation in the world's largest economy.

RTTNews | 7小时5分钟前

EURUSD	1.1615	GBPUSD	1.34314	AUDUSD	0.65196
USDJPY	148.319	USDCAD	1.37765	USDCHF	0.81195