Indian Shares Seen Sharply Higher At Open After Wall Street Rally

RTTNews | 952 일 전
Indian Shares Seen Sharply Higher At Open After Wall Street Rally

(RTTNews) - Indian shares are geared for gap-up opening on Friday, with underlying sentiment likely to be underpinned by strong gains on Wall Street overnight and a steep decline in oil prices amid signs that Iran and the United States could agree on the terms of a new nuclear deal.

Benchmark indexes Sensex and the Nifty reversed early gains to end down about half a percent each on Thursday amid the expiry of F&O August series derivative contracts.

Asian markets followed Wall Street higher this morning ahead of Federal Reserve Chairman Jerome Powell's speech later today at the Jackson Hole economic conference.

Sentiment was also buoyed by news of possible progress for China and the United States to hammer out a deal to inspect audit records of U.S.-listed Chinese companies.

The dollar was little changed against peers and the two-year yields edged up while oil rebounded after falling overnight.

U.S. stocks closed on a strong note overnight, as jobless claims declined in the latest week and a revision for Q2 GDP showed a smaller decline compared to an earlier reading.

Ahead of a key speech by Fed Chair Powell, Kansas City Fed president Esther George told CNBC that there is more work to be done to curb inflation but It was too soon to predict the size of the September rate hike.

The Dow rallied 1 percent, the S&P 500 climbed 1.4 percent and the tech-heavy Nasdaq Composite surged 1.7 percent.

European stocks closed broadly higher on Thursday, as Beijing announced a slew of measures to spur economic growth and the July ECB meeting minutes revealed that there was a split over the 50-bps rate hike to combat soaring inflation.

The pan European Stoxx 600 edged up 0.3 percent. The German DAX rose 0.4 percent and the U.K.'s FTSE 100 inched up 0.1 percent while France's CAC 40 finished marginally lower.

read more
Asian Markets Track Wall Street Lower

Asian Markets Track Wall Street Lower

Asian stock markets are trading mostly lower on Friday, following the broadly negative from Wall Street overnight, with some of the major markets being closed, as traders continue to assess the impact of the steeper-than-expected reciprocal tariffs imposed by US President Donald Trump on U.S. trade partners. Asian markets ended mostly lower on Thursday.
RTTNews | 4 시간 6 분 전
Australian Market Extends Early Losses In Mid-market

Australian Market Extends Early Losses In Mid-market

The Australian stock market is extending its early losses in mid-market moves on Friday, adding to the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling almost 2 percent to stay just above the 7,700 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 4 시간 49 분 전
Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Sensex, Nifty Seen Lower At Open As Global Sell-off Deepens

Indian shares may follow global peers lower on Friday, even as a weakening dollar, plunging oil prices and expectations for accelerated Federal Reserve interest-rate cuts may help cap overall losses to some extent.
RTTNews | 4 시간 57 분 전
Japanese Market Sharply Lower; Down 2.4%

Japanese Market Sharply Lower; Down 2.4%

Extending the sharp losses in the previous session, the Japanese market is sharply lower on Friday, following the broadly negative cues from Wall Street overnight. The Nikkei 225 is falling 2.4 percent to below the 33,900 level, with weakness across most sectors led by index heavyweights, financial and technology stocks.
RTTNews | 6 시간 1 분 전
Australian Market Sharply Lower

Australian Market Sharply Lower

The Australian stock market is trading sharply lower on Friday, extending the losses in the previous session, following the broadly negative cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling well below the 7,800 level, with weakness across most sectors led by energy and technology stocks.
RTTNews | 6 시간 28 분 전
Thai Shares Tipped To Open Under Water Again On Friday

Thai Shares Tipped To Open Under Water Again On Friday

The Thai stock market on Thursday ended the two-day winning streak in which it had advanced almost 15 points or 1.2 percent. The Stock Exchange of Thailand now sits just above the 1,160-point plateau and it's looking at another soft start again on Friday.
RTTNews | 6 시간 29 분 전
Soft Start Expected For Singapore Stock Market

Soft Start Expected For Singapore Stock Market

The Singapore stock market has tracked lower in four straight sessions, slumping almost 40 points or 1 percent along the way. The Straits Times Index now sits just above the 3,940-point plateau and it figures to open in the red again on Friday. The global forecast for the Asian markets is broadly negative after U.S. President Donald Trump's tariff announcement. The European and U.S. markets were sharply lower and the Asian bourses are expected to open in similar fashion. The STI finished modestly lower on Thursday following losses from the banks and mixed performances from the properties and industrials. For the day, the index lost 11.98 points or 0.30 percent to finish at 3,942.23 after trading between 3,902.98 and 3,955.04.
RTTNews | 6 시간 59 분 전
Malaysia Bourse May Give Up Support At 1,500 Points

Malaysia Bourse May Give Up Support At 1,500 Points

The Malaysia stock market has moved lower in two of three trading days since the end of the three-day winning streak in which it had picked up more than 30 points or 2 percent. The Kuala Lumpur Composite Index now sits just beneath the 1,520-point plateau and it may take further damage again on Friday.
RTTNews | 7 시간 29 분 전