Sensex, Nifty Set To Open Lower After Nvidia's Results

RTTNews | 140 hari yang lalu

(RTTNews) - Indian shares may open on a tepid note Thursday after Nvidia reported strong second-quarter earnings, but an underwhelming revenue forecast threatened to cool an AI frenzy that has transformed the company into the world's second-most-valuable company.

Traders also await the release of the Federal Reserve's preferred inflation gauge on Friday for signals on U.S. interest-rate reductions.

Meanwhile, caution ahead of Reliance Industries' AGM and volatility on account of upcoming monthly expiry of derivative contracts may weigh on markets as the trading day progresses.

Benchmark indexes Sensex and Nifty ended Wednesday's choppy session marginally higher, with IT stocks outperforming. The rupee fell by 3 paise to close at 83.96 against the dollar.

Asian markets traded lower this morning, and the dollar held gains due to month-end buying and technical factors, while oil steadied after a two-day drop on concerns over Chinese demand.

Gold ticked higher after Federal Reserve Bank of Atlanta President Raphael Bostic said it "may be time" to cut interest rates but he's still looking for additional data before supporting a reduction in rates.

U.S. stocks ended lower overnight, with tech stocks coming under selling pressure before Nvidia's earnings release and Friday's PCE data.

The Dow dipped 0.4 percent, the S&P 500 shed 0.6 percent and the tech-heavy Nasdaq Composite lost 1.1 percent.

European stocks rose for a second straight session on Wednesday, with the pan-European STOXX 600 adding 0.3 percent to reach its highest level since mid-July.

The German DAX rose half a percent and France's CAC 40 edged up by 0.2 percent while the U.K.'s FTSE 100 finished marginally lower.

European Stocks Close Higher On Some Positive Data, Rate Cut Hopes

European stocks closed on a positive note on Thursday with several major markets in the region rising to multi-month highs or new record highs, as some upbeat earnings updates, and encouraging European and U.S. economic data aided sentiment.

RTTNews | 5j 15min yang lalu

ECB Minutes Show Policymakers Saw Room For More Easing

European Central Bank policymakers were looking forward to more interest rate cuts, but they saw the need for a cautious approach due to several uncertainties that could derail inflation from its path to the 2 percent target, the minutes of the December 11-12 policy session showed on Thursday.

RTTNews | 6j 26min yang lalu

U.S. Housing Market Index Unexpectedly Inches Up To Nine-Month High In January

Reflecting hopes for an improved economic growth and regulatory environment, the National Association of Home Builders released a report on Thursday unexpectedly showing a modest improvement by U.S. homebuilder confidence in the month of January. The report said the NAHB/Wells Fargo Housing Market Index crept up to 47 in January from 46 in December.

RTTNews | 8j 29min yang lalu

Philly Fed Index Skyrockets To Highest Level Since April 2021

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial turnaround by regional manufacturing activity in the month of January. The Philly Fed said its diffusion index for current general activity skyrocketed to a positive 44.3 in January from a negative 10.9 in December, with a positive reading indicating growth.

RTTNews | 8j 44min yang lalu

U.S. Import Prices Inch Up 0.1% For Third Straight Month In December

Following yesterday's more closely watched report on consumer price inflation, the Labor Department released a report on Thursday showing import prices in the U.S. crept up in line with estimates in the month of December. The Labor Department said import prices inched up by 0.1 percent in December, matching the upticks seen in November and October as well as expectations.

RTTNews | 8j 48min yang lalu

U.S. Retail Sales Rise 0.4% In December, Less Than Expected

The Commerce Department released a report on Thursday showing retail sales in the U.S. increased by less than expected in the month of December. The report said retail sales rose by 0.4 percent in December after advancing by an upwardly revised 0.8 percent in November. Economists had expected retail sales to climb by 0.6 percent.

RTTNews | 8j 54min yang lalu

U.S. Weekly Jobless Claims Rebound From Nearly Eleven-Month Low

A report released by the Labor Department on Thursday showed first-time claims for U.S. unemployment benefits rebounded by more than expected in the week ended January 11th. The Labor Department said initial jobless claims climbed to 217,000, an increase of 14,000 from the previous week's revised level of 203,000. Economists had expected jobless claims to rise to 210,000.

RTTNews | 9j 0min yang lalu

Philly Fed Index Skyrockets Into Positive Territory In January

The Federal Reserve Bank of Philadelphia released a report on Thursday showing a substantial turnaround by regional manufacturing activity in the month of January.

RTTNews | 10j 9min yang lalu

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