Sensex, Nifty Seen Tad Lower At Open

RTTNews | 799天前

(RTTNews) - Indian shares are seen lower at open on Thursday as U.S. debt ceiling talks remain at impasse and helped lift the dollar, which printed a fresh 10-week high. U.S. House Speaker Kevin McCarthy, R-Calif., told reporters the two sides remain "far apart," with ongoing talks hitting a snag over Republicans' demand for spending cuts.

On the earnings front, Hindalco Industries posted a 48 percent fall in its standalone net profit for the March quarter and Oil India beat fourth-quarter estimates on higher gas prices, while insurance behemoth LIC reported a fall in net premium income in the March quarter.

Meanwhile, Reserve Bank of India governor Shaktikanta Das said at an event that he expects India's GDP growth to come slightly above 7 percent in the financial year 2022-23.

Benchmark indexes Sensex and Nifty fell around 0.3 percent each on Wednesday to snap a three-day winning streak while the rupee gained 15 paise to close at 82.70 against the dollar, supported by foreign capital inflows.

Asian markets traded mixed this morning as Fitch Ratings put the United States' "AAA" ratings on negative watch, reflecting the worst political standoff over raising the nation's debt ceiling.

The dollar hit a fresh two-month high against a basket of currencies and gold held steady, while oil prices fell slightly after gaining around 2 percent on Wednesday on data showing a large, unexpected drawdown in U.S. crude inventories.

U.S. stocks fell overnight as debt ceiling negotiations dragged on and minutes from the Federal Reserve's May meeting showed officials were split over the need for rate rises.

Nvidia Corp. gave a bullish revenue forecast for the current quarter, helping limit overall losses to some extent.

The Dow shed 0.8 percent to extend losses for the fourth day running, the S&P 500 gave up 0.7 percent and the tech-heavy Nasdaq Composite declined 0.6 percent.

European stocks closed lower on Wednesday, with selling seen across the board. The pan-European STOXX 600 fell 1.8 percent.

The German DAX plunged 1.9 percent, France's CAC 40 plummeted 1.7 percent and the U.K.'s FTSE 100 slumped 1.8 percent.

U.S. Construction Spending Unexpectedly Sees Further Downside In June

The Commerce Department released a report on Friday unexpectedly showing a continued decrease by U.S. construction spending in the month of June. The report said construction spending fell by 0.4 percent to an annual rate of $2.136 trillion in June after sliding by 0.5 percent to a revised rate of $2.144 trillion in May.

RTTNews | 52分钟前

U.S. Consumer Sentiment Improves Marginally Less Than Previously Estimated In July

Revised data released by the University of Michigan on Friday showed consumer sentiment in the U.S. improved marginally less than previously estimated in the month of July. The University of Michigan said its consumer sentiment index for July was downwardly revised to 61.7 from a preliminary reading of 61.8. Economists had expected the index to be upwardly revised to 62.0.

RTTNews | 56分钟前

U.S. Manufacturing Index Unexpectedly Dips To Nine-Month Low In July

Manufacturing activity in the U.S. unexpectedly contracted at a slightly faster rate in the month of July, according to a report released by the Institute for Supply Management on Friday. The ISM said its manufacturing PMI edged down to 48.0 in July after inching up to 49.0 in June with a reading below 50 indicating contraction.

RTTNews | 58分钟前

Eurozone Inflation Steady At 2% ECB Target

Euro area consumer price inflation was unchanged at the European Central Bank's 2 percent target in July, easing the pressure for more easing. The harmonized index of consumer prices increased 2.0 percent year-on-year in July, the same rate of increase as seen in June. Inflation was forecast to ease marginally to 1.9 percent.

RTTNews | 1小时45分钟前

U.S. Job Growth Misses Estimates In July, Previous Months' Numbers Revised Sharply Lower

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment rose by 73,000 jobs in July, while economists had expected employment to jump by 110,000 jobs.

RTTNews | 1小时53分钟前

Bay Street Likely To Open On Weak Note

Canadian shares are set to open on a negative note on Friday as U.S. President Donald Trump's announcement of fresh tariffs on Canada and several other countries has hurt investor sentiment across global markets.

RTTNews | 3小时5分钟前

U.S. Employment Rises Much Less Than Expected In July

Job growth in the U.S. fell well short of economist estimates in the month of July, according to a closely watched report released by the Labor Department on Friday.

RTTNews | 3小时7分钟前

FTSE 100 Down 0.55% As Trump's Tariff Moves Hurt Sentiment

U.K. stocks are down in negative territory on Friday, weighed down by trade concerns after U.S. President Donald Trump announced sweeping tariffs on several countries. The President's letters to 17 major pharma firms, urging them to cut prices, has triggered a sell-off in the pharmaceutical sector.

RTTNews | 4小时14分钟前

EURUSD	1.1555	GBPUSD	1.32633	AUDUSD	0.64651
USDJPY	148.038	USDCAD	1.37848	USDCHF	0.80671

Advertisement

Sensex, Nifty Seen Tad Lower At Open