Indian Shares Rally As Oil Prices Slump

RTTNews | Před 857 dny

(RTTNews) - Indian shares opened sharply higher on Thursday, mirroring positive global cues as oil prices slumped and Treasury yields pulled back, helping cool investor concerns about inflation and interest-rate hikes.

Investors also reacted positively to Fed Vice Chair Lael Brainard's comments on bringing inflation down without going too far.

The benchmark S&P/BSE Sensex rallied 540 points, or 0.9 percent, to 59,570 in early trade, while the broader NSE Nifty index was up 150 points, or 0.9 percent, at 17,774.

BPCL, HPCL and IOC jumped 2-4 percent after oil prices plunged to reach seven-month lows in the U.S. trading session.

Tech Mahindra, Asian Paints, Bharti Airtel and ICICI Bank all rose about 2 percent.

Automakers such as Tata Motors, Maruti Suzuki India and Bajaj Auto were seeing modest gains.

Industry data showed that total vehicle retail sales posted 8 percent growth year-on-year in August.

Adani Group stocks were broadly higher. After calling the $200 bn group "deeply overleveraged", Fitch Group's debt research unit CreditSights said it had made calculation errors in the report on two Adani companies.

Dr. Reddy's gained 0.6 percent after launching Lenalidomide capsules in the United States.

NDTV shares fell 5 percent. The Adani Group's open offer to acquire additional 26 percent stake at Rs 294 per share in the company will begin on October 17 and end on November 01.

HDFC Bank added 0.7 percent after increasing its marginal cost of funds-based lending rate.

Axis Bank rose over 1 percent after it entered into a partnership with branchless banking network PayNearby.

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.

RTTNews | Před 1 dnem

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RTTNews | Před 1 dnem

U.S. Stocks Close Sharply Lower As Strong Jobs Data Raises Interest Rate Concerns

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RTTNews | Před 1 dnem

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.

RTTNews | Před 2 dny

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The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.

RTTNews | Před 2 dny

European Stocks Close Lower As Strong U.S. Jobs Data Fuels Interest Rate Concerns

European stocks closed lower on Friday after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve will hold interest rates at current levels for longer. Higher Euro zone bond yields, and potential tariff hikes by the U.S. weighed as well on investor sentiment.

RTTNews | Před 2 dny

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.

RTTNews | Před 2 dny

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.

RTTNews | Před 2 dny

EURUSD	1.02441	GBPUSD	1.22097	AUDUSD	0.61461
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