Sensex, Nifty Likely To Open Lower As Oil Extends Rally

RTTNews | 9 gün önce

(RTTNews) - Indian shares may open on a sluggish note Tuesday as investors react to weak cues from global markets and await the final results of the assembly elections in Haryana and the Union Territory of Jammu and Kashmir. The counting of votes began at 8 am today.

The Reserve Bank of India's (RBI) Monetary Policy Committee (MPC) began its three-day deliberations on Monday and analysts widely expect the repo rate to remain steady at 6.50 percent despite global economic uncertainties and falling retail inflation.

On the geopolitical front, Israeli forces killed at least 77 people across the Gaza Strip on Monday while Lebanon's Hezbollah claimed missile attacks on the Israeli port city of Haifa and a military base near the central city of Tel Aviv.

Benchmark indexes Sensex and Nifty gave up early gains to end deep in the red on Monday while the rupee settled flat at 83.99 against the dollar.

Asian markets were broadly lower this morning even as Chinese stocks extended their rally as stock markets reopened after the Golden Week holiday.

Gold edged up slightly and the dollar clung to seven-week highs against major currencies ahead of key U.S. inflation data and the release of FOMC September meeting minutes due this week.

Oil prices fell about 1 percent after rallying to their highest in over a month on Monday.

U.S. stocks fell sharply overnight as traders pared bets on aggressive Federal Reserve interest-rate cuts and fretted about the impact of rising oil prices on inflation and interest rates.

The Dow dipped 0.9 percent, the S&P 500 shed 1 percent, and the tech-heavy Nasdaq Composite lost 1.2 percent as Treasury yields climbed above 4 percent for the first time since August.

European stocks eked out modest gains on Monday buoyed by last Friday' rally on Wall Street.

The pan European STOXX 600 edged up 0.2 percent. France's CAC 40 rose half a percent and the U.K.'s FTSE 100 added 0.3 percent while the German DAX finished marginally lower.

U.S. Business Inventories Increase In Line With Estimates In August

A report released by the Commerce Department on Thursday showed business inventories in the U.S. increased in line with economist estimates in the month of August. The Commerce Department said business inventories rose by 0.3 percent in August, matching a downwardly revised increase in July.

RTTNews | 4s 46 dakika önce

U.S. Homebuilder Confidence Improves For Second Straight Month In October

With inflation gradually easing and homebuilders anticipating mortgage rates will moderate in coming months, the National Association of Home Builders released a report on Thursday showing homebuilder confidence in the U.S. improved by slightly more than expected in the month of October.

RTTNews | 5s 3 dakika önce

U.S. Industrial Production Dips In September Amid Boeing Strike, Hurricanes

A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September. The Fed said industrial production decreased by 0.3 percent in September after rising by a downwardly revised 0.3 percent in August. Economists had expected industrial production to dip by 0.2 percent.

RTTNews | 5s 6 dakika önce

Walmart Offers Thanksgiving Meal For Below $7/Person Through Dec. 25

Walmart Inc. officially launched its holiday meal, offering customers a Thanksgiving meal for less than $7 per person. The offer, which comes earlier than last year, and at an even lower price, is available from October 14 through December 25. Walmart said its inflation-free Thanksgiving meal would benefit customers, who want to begin saving earlier and throughout the holiday season.

RTTNews | 5s 23 dakika önce

ECB Cuts Interest Rates By 25 Bps As Lagarde Airs Concern On Eurozone Growth

The European Central Bank cut key interest rates by 25 basis points, as expected on Thursday, as policymakers assessed that the disinflation process is on track, and but they are increasingly concerned over the health of the euro area economy following some soft data released since the September policy session.

RTTNews | 5s 44 dakika önce

U.S. Retail Sales Climb 0.4% In September, Slightly More Than Expected

A report released by the Commerce Department on Thursday showed retail sales in the U.S. increased by slightly more than expected in the month of September. The Commerce Department said retail sales rose by 0.4 percent in September after inching up by 0.1 percent in August. Economists had expected retail sales to rise by 0.3 percent.

RTTNews | 5s 46 dakika önce

U.S. Jobless Claims Unexpectedly Pull Back Off Highest Level In Over A Year

First-time claims for U.S. unemployment benefits saw an unexpected pullback in the week ended October 12th, according to a report released by the Labor Department on Thursday. The report said initial jobless claims fell to 241,000, a decrease of 19,000 from the previous week's revised level of 260,000.

RTTNews | 5s 52 dakika önce

U.S. Industrial Production Dips Slightly More Than Expected In September

A report released by the Federal Reserve on Thursday showed industrial production in the U.S. fell by slightly more than expected in the month of September.

RTTNews | 6s 5 dakika önce

EURUSD	1.08302	GBPUSD	1.29993	AUDUSD	0.66991
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