Sensex, Nifty Set To Open On Positive Note After Wall Street Rebound

RTTNews | 1 day ago

(RTTNews) - Indian shares look set to open on a positive note Monday after U.S. stocks showed a strong move back to the upside during trading on Friday.

That said, a cautious undertone may prevail as foreign portfolio investors continue their selling spree and investors wait for cues from the Q3 earnings season, beginning with TCS this week.

In economic releases, Composite PMI, Services PMI, industrial output and GDP growth data are awaited.

Three weeks before the Union Budget for FY26, the National Statistics Office will release the first advance estimates of gross domestic product (GDP) for FY25 on January 7.

Asian market fluctuated this morning despite a measure of China's services activity hitting a seven-month high.

The dollar was mixed against major currencies after positive U.S. House Speaker election results.

China's onshore yuan breached a key milestone for the first time since late 2023 amid reports that the People's Bank of China will issue the largest-ever offshore yuan bonds in Hong Kong this month.

Gold ticked higher in Asian trade on safe-haven demand while oil prices hovered at their highest since October.

U.S. stocks closed sharply higher on Friday after a shaky start to the new year. Shares of major tech companies surged amid expectations that they would benefit from continued spending on artificial intelligence.

Bond yields eased slightly as new data showed U.S. manufacturing activity contracted at a slower rate in December.

The tech-heavy Nasdaq Composite jumped 1.8 percent and the S&P 500 surged 1.3 percent to snap a five-day losing streak while the Dow added 0.8 percent.

European stocks closed on a sluggish note Friday at the end of a holiday-shortened week. Luxury, auto and mining stocks led losses after reports emerged that China would sharply increase funding from ultra-long treasury bonds in 2025.

The pan European STOXX 600 declined half a percent. The German DAX shed 0.6 percent, the U.K.'s FTST 100 dipped 0.4 percent and France's CAC 40 gave up 1.5 percent.

U.S. Trade Deficit Widens In November As Imports Rebound More Than Exports

With imports rebounding by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November. The Commerce Department the trade deficit increased to $78.2 billion in November from a revised $73.6 billion in October. Economists had expected the trade deficit to climb to $78.0 billion.

RTTNews | 5h 2min ago

U.S. Trade Deficit Widens Roughly In Line With Estimates In November

With imports surging by more than exports, the Commerce Department released a report on Tuesday showing the U.S. trade deficit widened roughly in line with economist estimates in the month of November.

RTTNews | 6h 14min ago

Acceleration In Eurozone Inflation Signals Slower ECB Rate Cuts

Euro area inflation accelerated for the third straight month to the fastest in five months in December, suggesting that the European Central Bank will be cutting interest rates more slowly than anticipated. The harmonized index of consumer prices climbed 2.4 percent from a year ago, following a 2.2 percent gain in November, preliminary data from Eurostat showed on Tuesday.

RTTNews | 6h 18min ago

Bay Street Likely To Open On Positive Note

Canadian shares are likely to open higher on Tuesday on steady crude oil and bullion prices. Political uncertainty following the resignation of Canadian Prime Minister Justin Trudeau, and tariff hike threats by U.S. President-elect Donald Trump may limit market's upside.

RTTNews | 6h 52min ago

Euro Rises As Eurozone Inflation Surges At 5-Month High

The euro strengthened against other major currencies in the European session on Tuesday, after Eurozone inflation rose to the highest level in five months in December largely reflecting higher services cost.

RTTNews | 8h 0min ago

Euro Rises Against Majors

The euro strengthened against other major currencies in the European session on Tuesday. The euro rose to 8-day highs of 0.9441 against the Swiss franc, 1.0434 against the U.S. dollar and 164.55 against the yen, from early lows of 0.9396, 1.0376 and 163.71, respectively.

RTTNews | 8h 12min ago

Sensex, Nifty Rebound In Cautious Trade

Indian shares eked out modest gains on Tuesday after suffering heaving losses in the previous session on worries about the HMPV Virus outbreak in the country.

RTTNews | 9h 31min ago

UK Construction Activity Growth At 6-Month Low

The UK construction sector growth softened to a six-month low in December as elevated borrowing cost and fragile consumer sentiment weighed on new orders, survey data from S&P Global showed on Tuesday. The construction Purchasing Managers' Index registered 53.3 in December, up from 55.2 in November.

RTTNews | 9h 45min ago

EURUSD	1.03925	GBPUSD	1.25302	AUDUSD	0.62648
USDJPY	157.781	USDCAD	1.43317	USDCHF	0.90741