Sensex, Nifty Fall Over 1% On Trade War Fears; IT Stocks Hit Hard

RTTNews | Před 14 h 4 min
Sensex, Nifty Fall Over 1% On Trade War Fears; IT Stocks Hit Hard

(RTTNews) - Indian shares were deep in the red on Friday after U.S. President Donald Trump said his proposed 25 percent tariffs on Mexican and Canadian goods will take effect on March 4 along with an extra 10 percent duty on Chinese imports over the fentanyl opioid crisis, deepening the fear of a global trade war.

Trump's tariff plans also sparked concerns about inflation, interest rates and economic growth.

The benchmark S&P/BSE Sensex was down 972 points, or 1.3 percent, at 73,640 in early trade while the broader NSE Nifty index fell 290 points, or 1.28 percent, to 22,255.

Among the prominent decliners, Infosys, Tech Mahindra, Wipro, Mahindra & Mahindra and IndusInd Bank tumbled 3-5 percent.

Tata Power fell more than 1 percent and Rail Vikas Nigam declined 1.7 percent despite winning new orders.

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France Inflation Lowest In 4 Years On Energy Prices

France Inflation Lowest In 4 Years On Energy Prices

French inflation sunk to the lowest in four years in February due to a notable fall in electricity prices and the economy contracted for the first time since early 2023, official data showed Friday. Consumer price inflation was 0.8 percent in February compared to 1.7 percent in January, the statistical office INSEE said. This was the weakest since February 2021 and was also below forecast of 1.0
RTTNews | Před 5 h 13 min
German Unemployment Rises Less Than Expected

German Unemployment Rises Less Than Expected

German unemployment increased only moderately in February but the economic weakness remained visible on the labor market, the Federal Employment Agency said Friday. The number of people out of work rose 5,000 in February, while economists had forecast a sharp increase of 14,000. Unemployment had increased 11,000 in January.
RTTNews | Před 5 h 29 min
Bay Street Likely To Open On Cautious Note

Bay Street Likely To Open On Cautious Note

The Canadian market is likely to open on a cautious note Friday morning with investors reacting to Canadian GDP data and the latest batch of earnings updates. Investors also await the U.S. Personal Consumption Expenditure data, due this morning, for insights into the Federal Reserve's monetary policy.
RTTNews | Před 5 h 41 min
FTSE 100 Modestly Higher On Earnings

FTSE 100 Modestly Higher On Earnings

U.K. stocks are up in positive territory Friday morning, with investors reacting to some strong quarterly earnings updates. Tariff concerns limit market's upside.
RTTNews | Před 6 h 37 min
Holcim Shares Gain On Growth In FY24 Recurring EBIT, Dividend Hike, Positive Outlook

Holcim Shares Gain On Growth In FY24 Recurring EBIT, Dividend Hike, Positive Outlook

Shares of Holcim Group were gaining 3 percent in Switzerland after the building materials firm reported Friday higher recurring EBIT and margin in fiscal 2024, even as net profit and net sales were lower than last year. Looking ahead, for fiscal 2025, Holcim expects continued profitable growth with over proportional growth in recurring EBIT, further expansion of recurring EBIT margin...
RTTNews | Před 6 h 39 min
CAC 40 Modestly Lower In Cautious Trade; Teleperformance Tanks 9%

CAC 40 Modestly Lower In Cautious Trade; Teleperformance Tanks 9%

French stocks are down in negative territory Friday morning amid concerns about growth following U.S. President Donald Trump's tariff moves on European countries, and confirmation that additional levies on Canadian and goods imported into the American will become effective from early March.
RTTNews | Před 8 h 11 min
Yen Falls Against Majors

Yen Falls Against Majors

The Japanese yen weakened against other major currencies in the European session on Friday.
RTTNews | Před 8 h 42 min