Sensex, Nifty Seen Tad Higher Despite Muted Global Cues

RTTNews | 704天前
Sensex, Nifty Seen Tad Higher Despite Muted Global Cues

(RTTNews) - Indian shares look set to open a tad higher on Monday despite muted cues from global markets.

That said, volatility cannot be ruled out due to upcoming derivatives expiry, the ongoing diplomatic tension between India and Canada, concerns over rising oil prices and continuous FII selling.

Benchmark indexes Sensex and Nifty fell around 2.7 percent and 2.6 percent, respectively last week after hawkish remarks on interest rates from the U.S. and Federal Reserve and other major central banks.

Asian markets were mostly lower this morning, with Japanese shares bucking the weak trend.

The dollar extended gains from last week, keeping bullion prices under pressure. Oil prices were slightly higher due to increasing bets on supply constraints.

U.S. stocks ended lower for a fourth day running on Friday as yields climbed amid growing fears that the Federal Reserve may keep interest rates higher for longer.

Concerns about a potential government shutdown also added to angst over lofty interest rates.

The tech-heavy Nasdaq Composite finished marginally lower to end at its lowest level in over three months while the S&P 500 slipped 0.2 percent to hit a three-month closing low and the Dow dropped 0.3 percent to reach a two-month closing low.

European stocks closed mostly lower on Friday as data showed business activity in the euro zone currency bloc contracted again in September.

The pan European STOXX 600 declined 0.3 percent. The German DAX finished marginally lower and France's CAC 40 shed 0.4 percent while the U.K.'S FTSE 100 closed flat with a positive bias.

read more
German Inflation Accelerates To 2.2% In August

German Inflation Accelerates To 2.2% In August

Consumer price inflation in Germany climbed in August to its highest level in five months, while the core figure was steady amid an acceleration in food price growth, and weakened chances for further easing from the European Central Bank in the near term.
RTTNews | 1小时17分钟前
Swiss Market Ends Modestly Lower

Swiss Market Ends Modestly Lower

Save for a very brief while early on in the session, and for less than an hour a little past mid afternoon, the Switzerland market stayed in negative territory on Friday with investors largely staying cautious due to a lack of positive triggers.
RTTNews | 4小时7分钟前
European Stocks Close Lower On Geopolitical Tensions

European Stocks Close Lower On Geopolitical Tensions

European stocks closed lower on Friday, weighed down by geopolitical concerns due to rising clashes in Gaza and Ukraine, and political uncertainty in France. Investors also digested the latest batch of economic data, including the closely watched U.S. personal consumption expenditure report.
RTTNews | 4小时35分钟前
Chicago Business Barometer Slumps Much More Than Expected In August

Chicago Business Barometer Slumps Much More Than Expected In August

MNI Indicators released a report on Friday showing a sharp pullback by its reading on Chicago-area business activity in the month of August. The report said the Chicago business barometer tumbled to 41.5 in August after jumping to 47.1 in July, with a reading below 50 indicating contraction. Economists had expected the business barometer to edge down to 46.0.
RTTNews | 7小时39分钟前
U.S. Consumer Prices Increase In Line With Estimates In July

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 closely watched data released by the Commerce Department on Friday. The Commerce Department said its personal consumption expenditures (PCE) price index rose by 0.2 percent in July after climbing 0.3 percent in June. The uptick matched expectations.
RTTNews | 8小时22分钟前
German Unemployment Exceeds 3 Mln

German Unemployment Exceeds 3 Mln

Germany's unemployment exceeded the three million-mark for the first time in a decade in August as the prolonged period of subdued economic activity weighed on the labor market. The number of unemployed persons increased by 46,000 from the previous year to 3.025 million in August. However, unemployment fell by adjusted 9,000 compared to the previous month, while it was forecast to increase by 1
RTTNews | 8小时52分钟前