Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

RTTNews | 937天前
Sensex, Nifty Set To Follow Global Peers Lower On Recession Fears

(RTTNews) - Indian shares look set to open lower on Thursday, mirroring weak global cues as investors fret over the true scale of infections in China and the possibility of higher interest rates leading to a global recession.

Benchmark indexes Sensex and Nifty ended Wednesday's session marginally lower, snapping a two-day winning streak. The rupee gained 7 paise to close at 82.80 against the dollar.

Asian markets traded mostly lower this morning while gold edged up after having fallen 1 percent on Wednesday, hit by a stronger dollar and higher Treasury yields.

Oil extended overnight losses on concerns over rising COVID cases in China.

U.S. stocks fell sharply overnight, with recession fears and growing concerns around COVID re-emergence weighing on markets heading into 2023.

The tech-heavy Nasdaq Composite lost 1.4 percent to hit a 2022 closing low while the S&P 500 shed 1.2 percent and the Dow declined 1.1 percent.

European stocks closed broadly lower on Wednesday as several countries announced plans to impose entry curbs for those coming from China.

The pan European STOXX 600 slipped 0.1 percent. The German DAX dropped half a percent and France's CAC 40 index gave up 0.6 percent while the U.K.'s FTSE rose 0.3 percent as trading resumed after a long holiday weekend.

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Singapore Inflation Data Due On Wednesday

Singapore Inflation Data Due On Wednesday

Singapore will on Wednesday release June figures for consumer prices, highlighting a light day for Asia-Pacific economic activity. In May, overall inflation was up 0.6 percent on month and 0.8 percent on year, while core CPI rose an annual 0.6 percent.
RTTNews | 53分钟前
U.S. Dollar Falls On Tariff Uncertainty

U.S. Dollar Falls On Tariff Uncertainty

The U.S. dollar fell against its major counterparts in the New York session on Tuesday, amid fading hopes of a trade deal between the country and Europe.
RTTNews | 2小时10分钟前
Swiss Market Ends Lower Again

Swiss Market Ends Lower Again

The Switzerland market ended on a weak note on Tuesday, in line with market across Europe, as uncertainty over U.S. - EU trade talks and a lack of positive data rendered the mood cautious.
RTTNews | 5小时29分钟前
European Stocks Close Weak On Trade Deal Concerns, Weak Earnings Updates

European Stocks Close Weak On Trade Deal Concerns, Weak Earnings Updates

European stocks closed weak on Tuesday, extending previous session's losses, amid growing uncertainty over U.S.- EU trade talks, and some disappointing earnings updates. Investors were largely cautious, assessing the possible move of the U.S. and the European Union in the event of the ongoing trade negotiations failing to result in any meaningful solution to the tariff issues.
RTTNews | 6小时5分钟前
Bay Street Likely To Open On Weak Note

Bay Street Likely To Open On Weak Note

Canadian shares are likely to open lower on Tuesday, tracking weak European markets amid growing uncertainty over U.S. - EU trade talks. Weak crude oil and bullion prices may hurt as well. The economic calendar is blank and there are no big earnings news as well. The mood in the market is likely to remain cautious.
RTTNews | 10小时17分钟前
GM Q2 Results Down, Yet Beat Market; Backs FY25 View; Shares Hit

GM Q2 Results Down, Yet Beat Market; Backs FY25 View; Shares Hit

Automajor General Motors Co. on Tuesday maintained its fiscal 2025 earnings outlook, after reporting weak profit and revenues in its second quarter. However, adjusted earnings and top line beat market estimates. In the pre-market activity on the NYSE, General Motors shares were losing around 3.7 percent.
RTTNews | 11小时40分钟前
FTSE Flat At Noon; Compass Group, Centrica Post Strong Gains

FTSE Flat At Noon; Compass Group, Centrica Post Strong Gains

U.K. stocks are turning in a mixed performance in cautious trade on Tuesday with investors reacting to some earnings updates, and assessing the possible move of the U.S. and the European Union in the event of the ongoing trade negotiations failing to result in any meaningful solution to the tariff issues.
RTTNews | 11小时40分钟前