Sensex, Nifty To See Muted Start On Tepid Global Cues

RTTNews | 800天前

(RTTNews) - Indian shares may open lower on Monday, tracking mixed global cues and sharp gains in oil prices last week on hopes of growing Chinese demand.

Defense stocks could be in focus today on expectations that Prime Minister Narendra Modi's upcoming visit to the U.S. this week would result in more cooperation across sectors, including defense and critical technologies.

Benchmark indexes Sensex and Nifty jumped 1.2 percent and 1.4 percent, respectively last week to log record closing highs on data showing falling inflation, improved industrial output and persistent capital inflows.

Asian markets traded mostly lower this morning as investors looked ahead to China's loan prime rate decision on Tuesday along with Fed Chair Jerome Powell's testimony before the House Financial Services Committee and the Senate Banking Committee due later this week for directional cues. The Bank of England's rate decision also remains on investors' radar.

Gold was little changed amid dollar strength on uncertainty over the path of U.S. monetary policy. Inflation in key parts of the U.S. service industry "remains elevated and has not shown signs of easing," the Fed said in its latest monetary policy report to Congress.

Oil prices traded lower in Asian trading after having risen over two percent last week.

U.S. stocks reversed direction to end lower on Friday after recent strong gains.

Economic data brought some cheer, with a measure of consumer sentiment rising in June to the highest level in four months while consumers' near-term inflation expectations dropped to more than a two-year low.

The tech-heavy Nasdaq Composite shed 0.7 percent, the S&P 500 slipped 0.4 percent and the Dow eased 0.3 percent.

European stocks closed higher on Friday, with signs of slowing Eurozone inflation and optimism about further stimulus from China helping underpin sentiment.

The pan European STOXX 600 added half a percent. The German DAX edged up 0.4 percent, France's CAC 40 rallied 1.3 percent and the U.K.'s FTSE 100 inched up 0.2 percent.

U.S. stock markets will be closed today for the Juneteenth holiday.

Japan Stock Market May See Renewed Support

The Japan stock market on Tuesday halted the two-day winning streak in which it had advanced almost 200 points or 0.5 percent. The Nikkei 225 now rests just beneath the 42,400-point plateau although it's expected to open in the green on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead. The Nikkei finished sharply lower on Tuesday following losses from the financial shares, technology stocks and automobile producers. For the day, the index slumped 413.42 points or 0.97 percent to finish at 42,394.40 after trading between 42,137.62 and 42,703.27. Among the actives, Nissan Motor plummeted 6.25 percent, while Mazda Motor added 0.40 percent, Toyota Motor retreated 1.41 percent, Honda Motor tumbled 1.71 percent, Softbank Group dropped 0.91 percent, Mitsubishi UFJ Financial sank 0.72 percent, Mizuho Financial shed 0.45 percent, Sumitomo Mitsui Financial skidded 1.01 percent, Mitsubishi Electric tumbled 1.91 percent, Sony Group declined 1.87 percent, Panasonic Holdings slumped 1.11 percent and Hitachi contracted 1.63 percent.

RTTNews | 10分钟前

Rebound Tipped For South Korea Stock Market

The South Korea stock market on Tuesday ended the three-day winning streak in which it had improved almost 80 points or 2.6 percent. The KOSPI now sits just shy of the 3,180-point plateau although it may reverse those losses on Wednesday. The global forecast for the Asian markets is cautiously optimistic, with tech shares likely to rise ahead of key earnings news later in the day. The European markets were down and the U.S. bourses were up and the Asian markets figures to follow the latter lead.

RTTNews | 25分钟前

Australia Construction Work Data Due On Wednesday

Australia will on Wednesday see Q2 numbers for construction work done, highlighting a light day for Asia-Pacific economic activity.

RTTNews | 1小时25分钟前

U.S. Dollar Falls Against Majors

The U.S. dollar dropped against its major counterparts in the New York session on Tuesday.

RTTNews | 2小时37分钟前

TSX Modestly Higher As Financials, Mining Stocks Move Up

Despite concerns about global trade, and political uncertainty in Europe, the Canadian market is modestly higher Tuesday afternoon, supported by gains in materials, industrials and financials sectors.

RTTNews | 4小时59分钟前

Swiss Market Settles Weak

After opening with a big negative gap Tuesday morning, the Swiss market gradually recovered some lost ground, and even managed a brief spell in positive territory midway through the session, but failed to sustain momentum and finally ended the day's session in the red.

RTTNews | 5小时16分钟前

European Stocks Close Lower On Political Concerns, Tariff Worries

European stocks closed weak on Tuesday, weighed down by political uncertainty in France, and lingering concerns about tariffs and their impact on global economic growth.

RTTNews | 5小时40分钟前

U.S. Consumer Confidence Index Edges Lower In August

A report released by the Conference Board on Tuesday showing a modest deterioration by consumer confidence in the U.S. in the month of August. The Conference Board said its consumer confidence index dipped to 97.4 in August from an upwardly revised 98.7 in July.

RTTNews | 9小时9分钟前

EURUSD	1.16415	GBPUSD	1.3479	AUDUSD	0.64967
USDJPY	147.402	USDCAD	1.38341	USDCHF	0.80356