Sensex, Nifty Seen Tad Higher At Open

RTTNews | 8h 36min ago
Sensex, Nifty Seen Tad Higher At Open

(RTTNews) - Indian shares may open a tad higher on Friday, tracking firm cues from global markets. That said, volatility cannot be ruled out due to concerns about Trump policies and caution ahead of earnings results from prominent companies, including SBI, LIC and Tata Motors.

Benchmark indexes Sensex and Nifty fell over 1 percent each on Thursday due to sustained foreign fund outflows. The rupee declined 6 paise to close at a fresh record low 84.37 against the dollar.

Asian stocks traded higher this morning as investors await the details of China's economic stimulus plan.

The dollar steadied after a volatile week, while Treasuries ticked lower after rallying in the U.S. trading session.

Gold dipped below $2,700 per ounce after climbing more than 1 percent in the previous session as Fed Chair Jerome Powell said the central bank will evaluate data to adjust the "pace and destination" of rates.

Oil prices dipped slightly but were on track for a weekly gain.

U.S. stocks closed higher overnight while Treasury yields fell alongside the dollar after the Fed delivered a 25-basis point interest-rate cut and signaled no intention to skip cutting rates.

Fed Chair Jerome Powell stressed during his post-meeting press conference that rates are not on "any preset course" and that the central bank will make future decisions "meeting by meeting" to deal with the risks to both sides of the dual mandate.

Investors also prepared for a "Trump 2.0 era" and "America First" economic stance, but there were some concerns about the effect planned tariff increases will have on inflation and interest rates.

The tech-heavy Nasdaq Composite surged 1.5 percent, and the S&P 500 added 0.7 percent to score the second record finish in a row while the Dow finished marginally lower.

European stocks regained ground on Thursday, boosted by technology and resource stocks after the Bank of England cut interest rates as expected but cautioned future reductions were likely to be gradual.

The pan European STOXX 600 gained 0.6 percent. The German DAX rallied 1.7 percent and France's CAC 40 climbed 0.8 percent while the U.K.'s FTSE 100 dropped 0.3 percent.

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European Shares Seen Up With Eyes On Beijing Stimulus

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European stocks may edge higher at open on Friday as investors await details of China's forthcoming stimulus at the conclusion of a week-long session of China's top legislative body, the National People's Congress (NPC) Standing Committee, later in the day.
RTTNews | 5h 20min ago
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RTTNews | 6h 49min ago
Asian Markets Mostly Higher After Fed Rate Cut

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RTTNews | 7h 44min ago
Japanese Market Notably Higher

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Reversing the losses in the previous session, the Japanese stock market is notably higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,500 level, with gains in index heavyweights and exporter stocks.
RTTNews | 8h 52min ago
Thai Bourse Tipped To Open To The Upside

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RTTNews | 9h 8min ago
Indonesia Stock Market May Halt Losing Streak

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The Indonesia stock market has moved lower in back-to-back sessions, stumbling almost 250 points or 3.3 percent along the way. The Jakarta Composite Index now rests just above the 7,240-point plateau although it may stop the bleeding on Friday.
RTTNews | 9h 38min ago
Australian Market Significantly Higher

Australian Market Significantly Higher

The Australian stock market is significantly higher on Friday, adding to the gains in the previous two sessions, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is moving above the 8,300 level, with gains across most sectors led by mining and technology stocks. Energy stocks were the only weak spot.
RTTNews | 9h 43min ago
Higher Open Called For Hong Kong Stock Market

Higher Open Called For Hong Kong Stock Market

The Hong Kong stock market rebounded on Thursday, one day after halting the three-day winning streak in which it had surged almost 700 points or 3.4 percent. The Hang Seng Index now sits just above the 20,950-point plateau and it's got a positive lead again for Friday's trade.
RTTNews | 9h 53min ago