Indian Shares May Struggle For Direction Ahead Of US Jobs Report

RTTNews | Pred 862 dňami

(RTTNews) - Indian shares are seen opening on a flat note Friday, as investors react to mixed global cues, the latest auto sales data for August and the Nifty 50 rejig.

Chief economist at State Bank of India has revised downward India's GDP growth forecast for FY2023 to 6.8 percent from 7.5 percent earlier, citing "the way below GDP numbers for the first quarter".

Benchmark indexes Sensex and the Nifty fell more than 1 percent each on Thursday amid a global sell-off.

The rupee eased by 4 paise to close at 79.56 against the dollar, with falling oil prices and dollar selling by exporters helping cap the downside.

Asian stocks traded mixed this morning and U.S. stock futures wavered after Wall Street snapped a four-day losing streak to end mostly higher overnight.

A dollar gauge hovered near a record high and the two-year Treasury yield was at the highest since 2007 after new U.S. data confirmed the Federal Reserve's stance that it can remain aggressive with the tightening of policy.

Oil bounced above $87 a barrel and gold held below the key $1,700 psychological level ahead of the all-important U.S. jobs data for August due later in the day.

U.S. stocks reversed course before ending mixed overnight, as data showed manufacturing grew steadily in August and the number of Americans filing for unemployment insurance unexpectedly dropped last week.

The tech-heavy Nasdaq Composite ended 0.3 percent lower following new restrictions on exports of cutting-edge chips from Nvidia to China, while the Dow rose half a percent and the S&P 500 edged up 0.3 percent.

European stocks fell sharply on Thursday as investors reacted to new COVID-19 lockdowns in China and disappointing manufacturing data from Asia and the euro area.

The pan European Stoxx 600 gave up 1.8 percent. The German DAX fell 1.6 percent, France's CAC 40 index shed 1.5 percent and the U.K.'s FTSE 100 lost 1.9 percent.

TSX Ends Notably Lower As Stocks Drop On Interest Rate Concerns

The Canadian market closed notably lower on Friday, hurt by rising bond yields, and fading optimism about interest rate cuts by the Federal Reserve after data showed stronger-than-expected growth in U.S. non-farm payroll employment. Canadian employment data too came in stronger than expected, reducing prospects of any significant monetary easing by the Bank of Canada.

RTTNews | Pred 23 h 17 min

Dollar Climbs Higher After Buoyant Jobs Data

The U.S. dollar firmed against its major counterparts on Friday amid fading hopes of further reductions in interest rates after data from the Labor Department showed stronger-than-expected growth in non-farm payroll employment in the month of December.

RTTNews | Pred 23 h 46 min

U.S. Stocks Close Sharply Lower As Strong Jobs Data Raises Interest Rate Concerns

U.S. stocks tumbled on Friday due to heavy selling across the board as buoyant non-farm payroll data raised concerns that the Federal Reserve will likely hold interest rates at current levels or slow down the pace of reductions. Rising bond yields hurt as well.

RTTNews | Pred 1 dňom

Swiss Market Ends Notably Lower

The Switzerland market settled notably lower on Friday, in line with markets across Europe, as upbeat U.S. jobs data raised concerns that the Federal Reserve will likely hold interest rates unchanged from current levels, or go slow on interest rate cuts this year. Data showing an increase in Swiss unemployment weighed as well.

RTTNews | Pred 1 dňom

U.S. Dollar Firms As Strong Jobs Data Dampens Rate Cut Hopes

The U.S. dollar climbed against its most major counterparts in the New York session on Friday, as stronger-than-expected jobs data for December strengthened expectations that the Federal Reserve will hold rates steady for sometime.

RTTNews | Pred 1 dňom

European Stocks Close Lower As Strong U.S. Jobs Data Fuels Interest Rate Concerns

European stocks closed lower on Friday after stronger-than-expected U.S. jobs data raised concerns that the Federal Reserve will hold interest rates at current levels for longer. Higher Euro zone bond yields, and potential tariff hikes by the U.S. weighed as well on investor sentiment.

RTTNews | Pred 1 dňom

Canadian Stocks Tumble As Upbeat Jobs Data Raises Interest Rate Concerns

Canadian stocks are down sharply on Friday with stronger-than-expected U.S. jobs data raising concerns that the Federal Reserve will likely hold interest rates unchanged from current levels for sometime. Also, a buoyant Canadian employment reports has dimmed the prospects for further easing by the Canadian central bank for now.

RTTNews | Pred 1 dňom

U.S. Consumer Sentiment Edges Lower In January As Inflation Expectations Surge

Consumer sentiment in the U.S. has unexpectedly seen a modest deterioration in the month of January, according to preliminary data released by the University of Michigan on Friday. The University of Michigan said its consumer sentiment index edged down to 73.2 in January from 74.0 in December. Economists had expected the index to inch up to 74.5.

RTTNews | Pred 1 dňom

EURUSD	1.02441	GBPUSD	1.22097	AUDUSD	0.61461
USDJPY	157.737	USDCAD	1.44282	USDCHF	0.91664