Sensex, Nifty Set For Weak Start

RTTNews | il y a 10h 48min
Stocktwits
Sensex, Nifty Set For Weak Start

(RTTNews) - Indian shares look set to open on a weak note Tuesday after two days of strong gains. That said, a sharp fall in oil prices may help limit the downside.

Oil prices fell nearly 3 percent in the U.S. trading session overnight following reports that Isael and Hezbollah are likely to reach a cease-fire agreement within the next few days.

Asian markets traded mostly lower this morning despite the Dow Jones Industrial Average extending gains for a fourth straight session to reach a new record closing high overnight on positive reaction to news that President-elect Donald Trump intends to nominate billionaire hedge fund manager Scott Bessent as Treasury Secretary.

Bessent is seen as supportive of the equity markets and an advocate for deficit reduction. He has also called for Trump's planned tariff increases to be implemented gradually, which could reduce the impact on inflation.

European markets also finished on a firm note overnight after a fall in bond yields and amid expectations that the ECB will cut interest rates steadily in 2025.

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Commodity Currencies Drop After Trump's New Tariff Threats

Commodity Currencies Drop After Trump's New Tariff Threats

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Tuesday, after U.S. President-elect Donald Trump announced a 10 percent additional tariff on all Chinese goods and a 25 percent tariff on imports from Mexico and Canada, raising concerns over global trade tensions.
RTTNews | il y a 6h 35min
Pound Falls Against Majors

Pound Falls Against Majors

The British pound weakened against other major currencies in the Asian session on Tuesday.
RTTNews | il y a 7h 16min
UK Shop Price Deflation Slows: BRC

UK Shop Price Deflation Slows: BRC

UK shop prices dropped at a slower pace in November, signalling that shoppers are set to face rising price pressures, the British Retail Consortium revealed on Tuesday. The shop price index declined 0.6 percent on a yearly basis in November, slower than October's 0.8 percent decrease. Food price inflation softened to 1.8 percent from 1.9 percent in October.
RTTNews | il y a 7h 36min
European Shares Set To Fall After Trump's New Tariff Threats

European Shares Set To Fall After Trump's New Tariff Threats

European stocks are likely to open lower on Tuesday after U.S. President-elect Donald Trump said on his Truth Social network that he would impose an additional 10 percent tariff on goods from China and 25 percent on all products from Mexico and Canada.
RTTNews | il y a 8h 2min
Asian Markets Trade Mixed

Asian Markets Trade Mixed

Asian stock markets are trading mixed on Tuesday, following the broadly positive cues from Wall Street overnight, after s US President-elect Donald Trump announced a 10 percent additional tariff on all Chinese goods and a 25 percent tariff on imports from Mexico and Canada, raising concerns over global trade tensions. Asian markets closed mostly higher on Monday.
RTTNews | il y a 10h 18min
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