Indian Markets Closed For Muharram

RTTNews | 105 days ago
Indian Markets Closed For Muharram

(RTTNews) - Indian stock markets remain closed today on account of the Muharram festival.

Benchmark indexes Sensex and Nifty ended marginally higher on Tuesday, giving up early gains. The rupee settled marginally higher at 83.58 against the dollar.

Asian markets were mostly higher this morning after U.S. shares advanced to fresh highs overnight on hopes for a soft landing of the world's largest economy.

The dollar was little changed, while gold rose further after climbing 2 percent to a record high as the 10-year U.S. Treasury yield slid to a four-month low of 4.16 percent.

Oil edged up slightly but hovered near a one-month low hit in the previous session on concerns about weakening demand growth in China.

U.S. stocks rose for a third straight session overnight as investors cheered encouraging earnings from the likes of UnitedHealth, Bank of America and Morgan Stanley.

Treasury yields extended recent declines as retail sales came in unchanged in June and a measure of homebuilder sentiment slipped to a 7-month low in July.

The Dow rallied 1.9 percent and the S&P 500 added 0.6 percent to reach new record closing highs while the tech-heavy Nasdaq Composite inched up 0.2 percent.

European stocks fell for a second straight session Tuesday, with luxury and commodity-related stocks falling on Chinese demand concerns and apprehensions over potential U.S. policy risks.

The pan European STOXX 600 declined 0.3 percent. The German DAX dipped 0.4 percent, the U.K.'s FTSE 100 eased 0.2 percent and France's CAC 40 shed 0.7 percent.

read more
French GDP Growth Doubles In Q3

French GDP Growth Doubles In Q3

France's economic growth doubled in the third quarter as the Paris Olympic and Paralympic Games boosted consumption, official data revealed Wednesday. Gross domestic product posted a quarterly growth of 0.4 percent after expanding 0.2 percent in the second quarter, first estimate from the statistical office INSEE showed. This was also better than economists' forecast of 0.3 percent.
RTTNews | 4h 12min ago
European Shares May See Soft Opening

European Shares May See Soft Opening

European stocks may open on a sluggish note Wednesday as investors react to mixed earnings results from U.S. technology companies and look forward to next week's U.S. presidential election and Federal Reserve rate decision for direction.
RTTNews | 5h 47min ago
European Economic News Preview: Eurozone GDP Data Due

European Economic News Preview: Eurozone GDP Data Due

Preliminary GDP estimates from the euro area and other European economies and budget announcement from the UK are due on Wednesday. At 2.30 am ET, France's statistical office INSEE publishes flash GDP and consumer spending figures. The second largest euro area economy is forecast to grow 0.3 percent in the third quarter after expanding 0.2 percent in the preceding period.
RTTNews | 6h 1min ago
Asian Markets Trade Mostly Lower

Asian Markets Trade Mostly Lower

Asian stock markets are trading mostly lower on Wednesday, following the mixed cues from Wall Street overnight, as traders are cautious and reluctant to take positions ahead of the next week's U.S. presidential election and the US Fed's monetary policy decision. Concern about the tension in the Middle East is also weighing on the markets. Asian markets closed mostly higher on Tuesday.
RTTNews | 7h 56min ago