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Sensex, Nifty Tad Lower In Early Trade; Metal Stocks Shine
Indian shares were slightly lower in early trade on Thursday, tracking mixed global cues after Federal Reserve Chair Jerome Powell said during a second day of congressional testimony that policymakers hadn't yet made up their minds on the size of the interest-rate increase later this month.
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Canadian Dollar Slips Against Most Majors
The Canadian dollar dropped against its most major currencies in the Asian session on Thursday.
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NZ Dollar Drops Against Most Majors
The New Zealand dollar weakened against its most major currencies in the Asian session on Thursday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against the other major currencies in the Asian session on Thursday.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders remain cautious and are reluctant to make significant moves ahead of the release of the closely watched US monthly jobs report on Friday. The jobs data could have a significant impact on the outlook for interest rates, as the US Fed has warned about labor market tightness.
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Sensex, Nifty Poised For Flat Open On Mixed Global Cues
Indian shares are seen opening on a flat note Thursday, tracking mixed global cues.
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Japanese Market Notably Higher
The Japanese stock market is notably higher on Thursday, extending the gains in the previous four sessions, with the Nikkei 225 just a tad below the 28,600 level, following the mostly positive cues from Wall Street overnight, aided by gains across most sectors, led by technology and financial stocks. Traders cautiously await the Bank of Japan's policy decision on Friday.
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Little Movement Seen For Thai Stock Market
The Thai stock market headed south again on Wednesday, one day after snapping the eight-day losing streak in which it had plummeted almost 65 points or 4 percent. The Stock Exchange of Thailand now rests just above the 1,610-point plateau and it's expected to remain in that neighborhood again on Thursday.
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China Inflation Rises 1.0% On Year In February
Consumer prices in China were up 1.0 percent on year in February, the National Bureau of Statistics said on Thursday.
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Indonesia Stock Market May Spin Its Wheels On Thursday
The Indonesia stock market on Wednesday snapped the three-day losing streak in which it had slumped more than 90 points or 1.4 percent. The Jakarta Composite Index now sits just above the 6,775-point plateau and it's likely to be stuck in neutral on Thursday.
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Australian Market Slightly Higher
The Australian stock market is slightly higher in choppy trading on Thursday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,300 level, following the mostly positive cues from Wall Street overnight, aided by gains in financial and technology stocks.
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Bargain Hunting May Give Hang Seng A Lift
The Hong Kong stock market has tracked lower in back-to-back sessions, tumbling more than 550 points or 2.7 percent along the way. The Hang Seng Index now sits just above the 20,050-point plateau although it may see mild support on Thursday.
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China Stock Market May Find Traction On Thursday
The China stock market has finished lower in three straight sessions, sinking more than 40 points or 1.2 percent along the way. The Shanghai Composite Index now sits just beneath the 3,285-point plateau although it's due for support on Thursday.
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