Sensex, Nifty Seen Lower With Middle East Tensions And Earnings In Focus

RTTNews | 7 h 55 min atrás

(RTTNews) - Indian shares are seen opening marginally lower on Friday as investors react to muted global cues, heightened tensions in the Middle East and earnings results from prominent companies including Infosys, Wipro and Axis Bank.

Hezbollah has declared a new phase against Israel following the killing of Hamas leader Yahya Sinwar.

The killing of Sinwar by Israeli soldiers led U.S. President Joe Biden to renew calls for a cease-fire in Gaza, but Israeli Prime Minister Benjamin Netanyahu said operations are "yet to be completed."

Benchmark indexes Sensex and Nifty fell notably on Thursday to extend losses for a third day running amid the expiry of Nifty50 contracts.

The rupee traded in a narrow range before ending down 5 paise at 84.07 against the dollar.

Asian stocks were muted this morning ahead of a barrage of top-tier Chinese economic data due later in the day.

The dollar remained buoyant, and gold reached a fresh record high above $2,700 per ounce, while oil prices edged up slightly after a U.S. crude stockpile draw. U.S. stocks ended mixed overnight as TSMC handily beat estimates for Q3 and investors trimmed their bets on Federal Reserve interest-rate cuts this year.

U.S. retail sales increased slightly more than expected in September and jobless claims fell unexpectedly last week while industrial production decreased in September, reversing output growth in August, separate set of data showed.

The Dow rose 0.4 percent to its fourth record close in the last five sessions and the tech-heavy Nasdaq Composite finished marginally higher while the S&P 500 ended flat with a negative bias.

European stocks closed higher on Thursday as investors cheered upbeat corporate earnings and the ECB's interest-rate cut for the third time this year, citing slowing inflation in the region and sluggish economic growth.

ECB President Christine Lagarde refused to pre-commit an easing in December, instead stressed on the data-dependency approach.

The pan-European STOXX 600 advanced 0.8 percent. The German DAX climbed 0.8 percent, France's CAC 40 rallied 1.2 percent and the U.K.'s FTSE 100 added 0.7 percent.

Australian Dollar Rises Against Majors

The Australian dollar strengthened against other major currencies in the Asian session on Friday.

RTTNews | 4 h 10 min atrás

European Economic News Preview: UK Retail Sales Data Due

Retail sales data from the UK is the major economic report due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales data for September. Sales are forecast to fall 0.3 percent on a monthly basis, reversing an increase of 1.0 percent in August.

RTTNews | 4 h 26 min atrás

China Economy Logs Weakest Growth Since Early 2023

China's economy grew at the slowest pace in more than a year in the third quarter despite an improvement in retail sales as the property market continued to be a major drag on growth. Gross domestic product expanded 4.6 percent on a yearly basis in the third quarter, data from the National Bureau of Statistics showed on Friday. This was the weakest growth since the first quarter of 2023.

RTTNews | 4 h 33 min atrás

European Shares Seen Tad Lower After Mixed China Data

European stocks look set to open a tad lower on Friday as mixed Chinese data released earlier today coupled with the lack of concrete stimulus details stirred concerns about the country's economic trajectory.

RTTNews | 4 h 47 min atrás

Sensex, Nifty Open Lower On Muted Global Cues

Indian shares opened lower on Friday due to muted global cues as Middle East tensions persisted, and investors trimmed their bets on Federal Reserve interest-rate cuts this year.

RTTNews | 6 h 9 min atrás

Asian Markets Trade Mostly Higher

Asian stock markets are trading mostly higher on Friday, following the mixed cues from Wall Street overnight, as traders remain cautious ahead of the release of economic data from China, including GDP figures. A rate cut by the European Central Bank and expectations of interest rate cuts by the US Fed and the Bank of Canada are aiding market sentiment. Asian markets ended mixed on Thursday.

RTTNews | 7 h 13 min atrás

Japanese Market Modestly Higher

Recouping some of the losses in the previous two sessions, the Japanese stock market is modestly higher on Friday, following the mixed cues from Wall Street overnight. The benchmark Nikkei 225 is moving above the 39,000 mark, with gains in some index heavyweights and financial stocks partially offset by weakness in technology stocks.

RTTNews | 7 h 43 min atrás

Australian Market Significantly Lower

The Australian stock market is significantly lower on Friday, reversing the gains in the previous session, following the mixed cues from Wall Street overnight. The benchmark S&P/ASX 200 is falling a tad below the 8,300 level, with weakness across most sectors led by mining, energy and technology stocks.

RTTNews | 8 h 7 min atrás

EURUSD	1.08445	GBPUSD	1.3068	AUDUSD	0.67135
USDJPY	149.907	USDCAD	1.37897	USDCHF	0.86562