Indian Shares Trim Early Gains Ahead Of Powell's Speech

RTTNews | 951 dagar sedan
Indian Shares Trim Early Gains Ahead Of Powell's Speech

(RTTNews) - Indian shares ended off their day's highs on Friday, as oil prices climbed on tight supply and investors awaited a speech by the Federal Reserve chair Jerome Powell at Jackson Hole Economic Symposium later in the day that is expected to offer clarity on the pace of future rate hikes.

Powell is expected to adopt a hawkish stance on interest rates and indicate that the central bank is likely to continue with its aggressive rate hike plan to tame inflation.

The Federal Reserve's preferred gauge of inflation, the PCE price index, is also due later in the session.

The benchmark S&P/BSE Sensex moved between 58,723 and 59,321 before closing 0.10 percent higher at 58,834.

Likewise, the broader NSE Nifty index hit a high of 17,686 and low or 17,519 before ending up 0.21 percent at 17,559.

Titan Company, JSW Steel, Adani Ports, NTPC and Grasim rallied 3-4 percent while Eicher Motors tumbled 3.7 percent after the resignation of its Chief Financial Officer Kaleeswaran Arunachalam.

Asian Paints, Bharti Airtel and IndusInd Bank dropped 1-2 percent.

read more
Amazon Places Bid For TikTok Ahead Of US Sale Deadline

Amazon Places Bid For TikTok Ahead Of US Sale Deadline

As the April 5 deadline is looming for TikTok, owned by China-based ByteDance Ltd, to find a buyer or to face shutdown in the United States, its biggest market, Amazon has entered the picture, submitting a takeover bid to the White House for the business, reports said. With this, the tech major joins the list of potential bidders including private equity firm Blackstone and mobile technology...
RTTNews | 4h 20minuter sedan
European Shares Tumble On Tariff Jitters

European Shares Tumble On Tariff Jitters

European stocks fell sharply on Thursday as investors fretted about the potential repercussions of the new tariffs announced by U.S. President Donald Trump.
RTTNews | 5h 8minuter sedan
Asian Shares Slide On Trade War Concerns

Asian Shares Slide On Trade War Concerns

Asian stocks tumbled on Thursday after U.S. President Donald Trump announced a 10 percent universal tariff on most imported goods along with additional high tariffs on countries the U.S. considers "worst offenders" based on trade deficits and non-tariff barriers.
RTTNews | 5h 31minuter sedan
DAX Down Sharply Despite Coming Off Early Lows

DAX Down Sharply Despite Coming Off Early Lows

German stocks are down sharply Thursday morning due to heavy selling almost across the board as investors react to the U.S. government's announcement of "reciprocal tariffs." The much steeper-than-expected tariffs on US trade partners, has heightened concerns over a global trade war that could destabilize major economies.
RTTNews | 5h 31minuter sedan
U.S. Dollar Drops Amid Fed Rate Cut Bets

U.S. Dollar Drops Amid Fed Rate Cut Bets

The U.S. dollar weakened against other major currencies in the European session on Thursday, as traders increase their bets that the Fed will lower rates in June, as Trump imposes fresh tariffs, traders increase their wagers that the Fed will lower rates in June.
RTTNews | 5h 35minuter sedan
Commodity Currency's Slide As Trump Unveils Tariff Plans

Commodity Currency's Slide As Trump Unveils Tariff Plans

The commodity currencies such as Australia, the New Zealand and the Canadian dollars weakened against their major currencies in the Asian session on Thursday, after U.S. President Donald Trump announced steeper-than-expected reciprocal tariffs on U.S. trade partners, heightening concerns over a global trade war that could destabilize major economies. White House press secretary Karoline Leavitt indicated the new levies will be "effective immediately."
RTTNews | 5h 45minuter sedan