Sensex, Nifty Seen Lower After US Rating Downgrade

RTTNews | 730天前

(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.

Japanese Market Notably Lower

Reversing the gains in the previous session, the Japanese market is notably lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling below the 40,700 level, with weakness in financial and technology stocks partially offset by gains in exporters and automaker stocks.

RTTNews | 42分钟前

Australian Market Notably Lower

The Australian stock market is trading notably lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling below the 8,700 level, with weakness across most sectors led by energy and technology stocks.

RTTNews | 44分钟前

Pound Slides Against Most Majors

The pound fell against its most major counterparts in the New York session on Thursday.

RTTNews | 6小时40分钟前

Swiss Market Ends Moderately Lower

Despite a decent spell in positive territory till about an hour before noon, the Switzerland market turned weak and kept drifting lower as the session progressed on Thursday to eventually settle with a moderate loss.

RTTNews | 8小时31分钟前

European Stocks Close Mostly Weak As Investors React To Earnings

European markets closed mostly lower on Thursday as investors reacted to a slew of earnings announcements and digested the latest batch of economic data from the region, and also followed the developments on the trade front.

RTTNews | 9小时2分钟前

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.

RTTNews | 11小时50分钟前

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.

RTTNews | 12小时33分钟前

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.

RTTNews | 12小时40分钟前

EURUSD	1.14138	GBPUSD	1.31964	AUDUSD	0.64298
USDJPY	150.792	USDCAD	1.38543	USDCHF	0.81377

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Sensex, Nifty Seen Lower After US Rating Downgrade