Sensex, Nifty Follow Global Peers Lower On US Slowdown Worries

RTTNews | 127 days ago
Sensex, Nifty Follow Global Peers Lower On US Slowdown Worries

(RTTNews) - Indian shares followed global peers lower on Wednesday as weak manufacturing data added to concerns that the U.S. economy could be headed to a recession.

Investors also looked ahead to the release of all-important U.S. jobs data on Friday for potential clues to Federal Reserve rate cuts.

The benchmark S&P/BSE Sensex fell 490 points, or 0.6 percent, to 82,065 in early trade while the broader NSE Nifty index was down 150 points, or 0.6 percent, at 25,129.

Infosys, ONGC, Wipro, LTIMindtree and Coal India tumbled 2-3 percent in the Nifty pack while Asian Paints and BPCL were up around 2 percent each on expectations that they will benefit from falling oil prices.

Crude prices extended losses in Asian trading after having slumped about 5 percent in the U.S. trading session overnight on growth worries.

The rupee edged up by 2 paise to 83.96 against the dollar in early trade.

read more
German Industrial Output & Exports Recover

German Industrial Output & Exports Recover

Germany's industrial production and exports rebounded in November but the underlying picture remained pretty grim amid job cuts in manufacturing and the possible hike in trade tariffs by the U.S. Industrial output increased a more-than-expected 1.5 percent on a monthly basis, in contrast to the revised 0.4 percent decrease in October, data from Destatis revealed Thursday.
RTTNews | 6h 7min ago
Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

Resources Stocks May Edge Higher As Bay Street Looks Headed For Mixed Open

Canadian shares are likely to turn in a mixed performance on Thursday, with investors looking ahead to U.S. and Canadian jobs data, due on Friday. Energy and materials stocks may find some support thanks to higher commodity prices. Volume of business is likely to be a bit thin as U.S. markets are closed today in honor of former U.S. President Jimmy Carter, who died in late December at age 100.
RTTNews | 7h 13min ago
Pound Slides As U.K. Borrowing Costs Soar

Pound Slides As U.K. Borrowing Costs Soar

The British pound weakened against other major currencies in the European session on Thursday, on worries about the rising borrowing costs in the U.K. and the stagflation threat.
RTTNews | 8h 12min ago
FTSE 100 Moderately Higher As Mining Stocks Move Up

FTSE 100 Moderately Higher As Mining Stocks Move Up

The U.K. market is up in positive territory Thursday morning, led by gains in the mining sector, even as stocks from the retail sector are reeling under selling pressure, despite several big name retailers reporting a surge in sales. A weak pound is contributing significantly to market's upmove.
RTTNews | 8h 56min ago
Eurozone Retail Sales Rise Less Than Forecast

Eurozone Retail Sales Rise Less Than Forecast

Driven by food and auto fuel turnover, Eurozone retail sales registered a marginal growth, which was weaker than expected in November, reflecting subdued household consumption towards the end of 2024. Retail sales grew 0.1 percent on month in November after easing 0.3 percent in October, data from Eurostat showed Thursday. Sales were expected to climb 0.3 percent.
RTTNews | 9h 12min ago
Pound Slides Against Majors

Pound Slides Against Majors

The British pound weakened against other major currencies in the European session on Thursday.
RTTNews | 9h 22min ago
CAC 40 Recovers After Weak Start, Up Marginally

CAC 40 Recovers After Weak Start, Up Marginally

French stocks are turning in a mixed performance Thursday morning as investors make largely cautious moves amid a lack of fresh data. Higher U.S. bond yields, and concerns about potential tariffs under Trump's presidency as well the outlook for interest rate cuts appear to be weighing on stocks.
RTTNews | 9h 42min ago