Sensex, Nifty Poised For Tepid Start On Growing Risk Aversion

RTTNews | 842日前

(RTTNews) - Indian shares are set to open sharply lower on Monday, tracking rising bond yields on concerns that central banks' efforts to combat elevated inflation will push the global economy into a recession.

Volatile trading is expected ahead of an RBI policy meeting and monthly F&O expiry due this week.

The monetary policy committee (MPC) of the Reserve Bank of India (RBI) is widely expected to hike the repo rate by 50 basis points after the end of a three-day policy meeting on Friday.

The focus would be on the rupee and foreign fund flows after the Indian currency weakened for the eighth consecutive session on Friday to close at a record low of Rs. 80.99 to the greenback.

Asian markets traded mostly lower this morning, with Chinese and Hong Kong stocks seeing modest gains amid speculation that selling pressure may ease after a three-month setback.

Gold hit a 2-1/2-year low as the dollar index scaled a fresh peak since 2002 ahead of a slew of U.S. data due this week, including reports on U.S. GDP, new home sales and consumer confidence.

The focus would also be on a batch of speeches from Federal Reserve officials including Bullard, Bowman and Powell.

Oil prices extended losses in Asian trade after falling sharply to eight-month lows last week on recession worries.

U.S. stocks tumbled on Friday to suffer losses for the fourth day running amid concerns over aggressive monetary policy tightening and foreign currency turmoil.

The Dow dropped 1.6 percent to its lowest closing level since November 2020, while the S&P 500 shed 1.7 percent and the tech-heavy Nasdaq Composite declined 1.8 percent to hit three-month closing lows.

European stocks slumped on Friday to hit multi-month lows amid heightened recession risks, with the British government unleashing historic tax cuts and huge increases in borrowing.

The pan European Stoxx 600 plunged 2.3 percent. The German DAX and the U.K.'s FTSE 100 both fell around 2 percent while France's CAC 40 index plummeted 2.3 percent.

Australia Unemployment Data Due On Thursday

Australia will on Thursday release December figures for unemployment, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 5時8分前

Oil Futures Settle Sharply Higher On Inventory Drop, Supply Disruptions Concerns

Oil prices rose sharply on Wednesday as crude inventories in the U.S. dropped in the week ended January 10th. Possibility of supply disruptions due to new sanctions by the U.S. on Russia contributed as well to the rise in oil prices.

RTTNews | 6時25分前

TSX Up Nearly 1% As Interest Rate Concerns Drop

The Canadian market is up firmly in positive territory Wednesday afternoon as U.S. consumer price inflation data has raised hopes the Federal Reserve will lower interest rates in its next meeting, or in March 2025. Technology, real estate, financials and healthcare stocks notably higher. A few stocks from consumer staples, industrials and materials sectors are also up, while shares from the rest

RTTNews | 7時31分前

Swiss Market Ends On Firm Note

After a weak start and a subsequent recovery, the Switzerland market suffered a mild setback around early afternoon on Wednesday, but recovered swiftly and climbed higher to end the day's session on a firm note. Encouraging U.S. and UK consumer price inflation data aided sentiment.

RTTNews | 9時1分前

European Stocks Close On Firm Note On Encouraging Economic Data

European stocks closed higher on Wednesday as investors reacted to some encouraging economic data, including consumer price inflation data from the U.K. and the U.S. The less than expected increase in U.S. consumer price inflation has raised hopes of rates cuts by the Federal Reserve.

RTTNews | 9時17分前

U.S. Dollar Falls As Core Inflation Slows

The U.S. dollar moved down against its major counterparts in the New York session on Wednesday, as core consumer inflation came in cooler than expected in December, supporting hopes of rate cuts by the Federal Reserve.

RTTNews | 9時54分前

New York Manufacturing Index Unexpectedly Indicates Contraction In January

New York manufacturing activity unexpectedly declined in the month of January, according to a report released by the Federal Reserve Bank of New York on Wednesday. The New York Fed said its general business conditions index tumbled to a negative 12.6 in January from a positive 2.1 in December, with a negative reading indicating contraction.

RTTNews | 12時41分前

U.S. Annual Core Consumer Price Growth Unexpectedly Slows In December

While the Labor Department released a closely watched report on Wednesday showing U.S. consumer prices increased by slightly more than expected in the month of December, the report also showed an unexpected slowdown by the annual rate of core consumer price growth.

RTTNews | 12時56分前

EURUSD	1.0291	GBPUSD	1.2238	AUDUSD	0.62239
USDJPY	156.366	USDCAD	1.43344	USDCHF	0.91254