Sensex, Nifty Set To Follow Global Peers Lower

RTTNews | Před 917 dny

(RTTNews) - Indian shares look set to open lower on Monday, with PSU banks likely to be in focus ahead of a review of large non-performing assets. Global cues remain weak as recession worries mount.

In the absence of any major domestic events, trading this week will be influenced by foreign fund flows, oil price movements and progress of monsoon rains.

The benchmark S&P BSE Sensex plunged 2,943 points or 5.42 percent last week and the broader NSE Nifty index fell by 908 points, or 5.61 percent amid a global sell-off and aggressive selling by FIIs.

Asian stocks were broadly lower this morning despite news that the White House is considering removing some tariffs on China and a possible pause on the federal gas tax to fight inflation.

Fed Chair Jerome Powell will testify to the House on Wednesday and Thursday, with analysts expecting him to reiterate his commitment to fight inflation with aggressive rate hikes if needed.

Federal Reserve Governor Christopher Waller on Saturday said he would support another 75-basis-point rate increase at the central bank's July meeting.

Gold traded flat and the dollar index held near its highest levels in about two decades, while oil prices wobbled after a 6 percent slump in the previous session.

U.S. stocks ended a volatile session mixed on Friday, suffering their biggest weekly percentage decline in two years.

The tech-heavy Nasdaq Composite climbed 1.4 percent and the S&P 500 edged up 0.2 percent as four types of futures and options contracts expired.

The Dow slipped 0.1 percent to close at its lowest level since December 2020 as disappointing reports on industrial production and leading economic indicators added to signs of economic slowdown.

European stocks also ended mixed on Friday after data showed Eurozone inflation accelerated to a fresh record high in May.

The pan European Stoxx 600 ended little changed with a positive bias. The German DAX rose 0.7 percent, while France's CAC 40 index finished marginally lower and the U.K.'s FTSE 100 dipped 0.4 percent.

European Stocks Close Mixed After Cautious Session

European stocks turned in a mixed performance on Monday as investors, digesting some economic data from the region, largely made cautious moves ahead of upcoming Christmas holidays. Worries about Trump's tariff threats, and political uncertainty in Germany and France weighed on sentiment.

RTTNews | Před 5 h 5 min

U.S. Dollar Gains Against Majors

The U.S. dollar rose against its major counterparts in the New York session on Monday, after the passing of a crucial funding bill that helped avert a year-end government shutdown.

RTTNews | Před 5 h 35 min

Canadian Market Modestly Higher In Cautious Trade

The Canadian market is modestly higher a little past noon on Monday, recovering from early weakness, thanks to strong gains in some healthcare, technology and energy stocks. Investors are largely making cautious moves, digesting the nation's GDP and producer prices data.

RTTNews | Před 5 h 39 min

U.S. New Home Sales Show Significant Rebound In November

After reporting a sharp pullback by new home sales in the U.S. in the previous month, the Commerce Department released a report on Monday showing a significant rebound by new home sales in the month of November. The Commerce Department said new home sales surged by 5.9 percent to an annual rate of 664,000 in November after plunging by 14.8 percent to a revised rate of 627,000 in October.

RTTNews | Před 7 h 29 min

U.S. Consumer Confidence Unexpectedly Deteriorates In December

Consumer confidence in the U.S. has unexpectedly deteriorated in the month of December, according to a report released by the Conference Board on Monday. The Conference Board said its consumer confidence index tumbled to 104.7 in December from an upwardly revised 112.8 in November.

RTTNews | Před 7 h 31 min

U.S. Durable Goods Orders Pull Back More Than Expected In November

New orders for U.S. manufactured durable goods slumped by much more than expected in the month of November, according to a report released by the Commerce Department on Monday. The report said durable goods orders tumbled by 1.1 percent in November after climbing by an upwardly revised 0.8 percent in October.

RTTNews | Před 7 h 42 min

FSIS Announces Recalls Of Pork, Beef Products

The U.S. Department of Agriculture's Food Safety and Inspection Service or FSIS has announced various recalls of ready-to-eat or RTE pork and beef bologna products, as well as raw pork sausage products. Perkins, Oklahoma-based Ralph's Packing Co. is recalling around 3,132 pounds of RTE pork and beef bologna products citing misbranding and undeclared milk, a known allergen.

RTTNews | Před 9 h 39 min

Bay Street May Open With Slightly Negative Bias; GDP, PPI Data In Focus

Weak crude oil and gold prices point to a negative open for Canadian stocks on Monday. However, the market may climb higher if GDP and producer prices data, due this morning, turn out to be positive.

RTTNews | Před 9 h 53 min

EURUSD	1.04085	GBPUSD	1.25315	AUDUSD	0.62468
USDJPY	157.169	USDCAD	1.43751	USDCHF	0.8987