Sensex, Nifty Poised For Weak Start As Middle East Conflict Deepens

RTTNews | vor 57 Tagen

(RTTNews) - Indian shares look set to open on a sluggish note Thursday as traders return to their desks after a holiday on Wednesday for Gandhi Jayanti.

On Tuesday, benchmark indexes Sensex and Nifty fluctuated before ending marginally lower. The rupee settled 3 paise lower at 83.82 against the dollar.

Rising geopolitical tensions may keep investors on edge, with the Israeli military saying it was conducting what it called "a precise strike" in Beirut and Iran's President vowing a "stronger response" if Israel retaliates.

Traders may also react to the government's decision to appoint three new external members to the RBI's monetary policy committee and the new rules unveiled by capital market regulator SEBI to curb speculative trading in derivatives.

Asian stocks traded mixed this morning, with Hong Kong's Hang Seng index falling over 3 percent on profit taking while Japan's Nikkei surged more than 2 percent, tracking a weaker yen after the country's new prime minister damped speculation about another interest-rate increase.

The yen fell almost 2 percent against the dollar, marking its worst day since June 2022 on PM Shigeru Ishiba's dovish comments.

The dollar reached nearly a two-week high, Treasuries slid, and gold held steady as investors awaited Friday's nonfarm payroll numbers for additional clues on the Fed's next move. Oil ticked higher in early Asian trading as the Middle East conflict deepens.

U.S. stocks ended marginally higher overnight as signs of escalating geopolitical tensions in the Middle East offset data from payroll processor ADP showing stronger than expected private sector job growth in September.

The Dow, the tech-heavy Nasdaq Composite and the S&P 500 all ended flat with a positive bias.

European stocks closed on a mixed note Wednesday as investors remained wary about the possibility of a wider war in the Middle East.

The pan European STOXX 600 ended flat with a positive bias. The German DAX eased 0.3 percent, while France's CAC 40 edged up marginally and the U.K.'s FTSE 100 added 0.2 percent.

Swiss Market Ends Higher After Choppy Session

The Switzerland market closed on a positive note on Friday after a choppy session, as investors assessed the region's economic data and continued to closely follow the developments on the geopolitical front.

RTTNews | vor 7Std 41 Minuten

European Markets Close On Firm Note

European stocks closed higher on Friday amid expectations of further rate cuts by central banks despite data showing an acceleration in eurozone inflation. Investors also digested French GDP data and Germany's retails sales and unemployment data.

RTTNews | vor 7Std 59 Minuten

Canadian Market Continues To Climb Higher; TSX Up Modestly At Noon

The Canadian market has moved on to a new record high on Friday, lifted by gains in technology, industrials and materials sectors, as investors continue to remain optimistic about more interest rate reductions by the central bank.

RTTNews | vor 8Std 47 Minuten

Eurozone Inflation Accelerates To 2.3%

Euro area inflation climbed for a second straight month in November, while the core figure was unchanged, making way for a cautious interest rate cut by the European Central Bank next month.

RTTNews | vor 10Std 5 Minuten

Pound Weakens Despite BoE's Slower Rate Cut Prospects

The pound was lower against its major counterparts in the New York session on Friday, as the U.S. dollar rebounded after the Thanksgiving holiday.

RTTNews | vor 10Std 5 Minuten

UK Mortgage Approvals At More Than 2 Year High

UK mortgage approvals increased to the highest level in more than two years in October as falling interest rates boosted housing market activity but consumers became more cautious about borrowing and saving ahead of the Autumn Budget. Mortgage approvals for house purchases, an indicator of future borrowing, increased to 68,303 in October from 66,115 in the prior month, the Bank of England report

RTTNews | vor 12Std 48 Minuten

Bay Street May Open Higher On Firm Metal Prices; GDP Data In Focus

Canadian shares may open higher on Friday with materials stocks set to ride on strong gold and silver prices. Data on Canadian GDP data for the third quarter is due out at 8:30 AM ET. As the U.S. market will close early today, volume of business on Bay Street will be thin for a second straight day.

RTTNews | vor 13Std 22 Minuten

German Unemployment Rises Less Than Forecast

German unemployment increased less than expected in November despite companies reporting job cuts, figures from the Federal Employment Agency revealed Friday. The jobless rate came in at 6.1 percent, the same as in September and October. Also, the rate matched expectations. The number of people out of work increased only 7,000 after rising 26,000 in the previous month.

RTTNews | vor 13Std 51 Minuten

EURUSD	1.05815	GBPUSD	1.2744	AUDUSD	0.6525
USDJPY	149.624	USDCAD	1.39959	USDCHF	0.88038