Sensex, Nifty Poised For Steep Sell-off

RTTNews | 935天前

(RTTNews) - Indian shares are seen opening sharply lower on Monday as investors react to weak global cues and wait for direction from the latest quarterly earnings results.

Growth worries may weigh after Japanese brokerage Nomura forecast a sharp moderation in India's growth rate for FY24 to 5.2 percent, saying Indian policymakers are "misplaced" about their optimism on the country's growth prospects.

The earnings season gets underway this week, with TCS, Infosys, Wipro, HCL Technologies, Bajaj Auto, Shree Cement and HDFC Bank among the prominent companies that will unveil their quarterly earnings.

On the macroeconomic front, retail inflation numbers for September and industrial output data for August will be watched closely.

On the global front, U.S and Chinese inflation numbers as well as the FOMC meeting minutes will be key.

Asian markets fell sharply this morning as increased geopolitical tensions added to the uncertainty surrounding aggressive policy tightening by major central banks.

Markets wait to see how the Kremlin might respond after a powerful blast damaged Russia's road-and-rail bridge to Crimea.

Gold slipped on higher yields and a firmer dollar while oil prices slipped, after climbing on Friday to five-week highs.

U.S. stocks tumbled on Friday and yields climbed, as signs of a strong labor market showing a falling unemployment rate coupled with rising oil prices bolstered the case for further rate rises. Investors also weighed a profit warning from microchip maker AMD.

U.S. non-farm payroll employment jumped by 263,000 jobs in September while economists had expected an increase of 250,000 jobs. The Dow lost 2.1 percent, the tech-heavy Nasdaq Composite shed 3.8 percent and the S&P 500 gave up 2.8 percent.

European stocks fell sharply on Friday, with interest-rate hike concerns and disappointing economic data from the euro area weighing on sentiment.

The pan European Stoxx 600 fell 1.2 percent. The German DAX dropped 1.6 percent and France's CAC 40 index declined 1.2 percent while the U.K.'s FTSE 100 ended flat with a negative bias.

Swiss Market Ends On Bright Note

The Switzerland market closed on a strong note on Friday, mirroring the trend in markets across Europe and elsewhere, as worries about trade tensions eased after China stated its willingness to hold talks with the U.S.

RTTNews | 46分钟前

European Stocks Close On Buoyant Note

European stocks closed higher on Friday, with the major markets in the region posting strong gains, amid easing concerns about U.S-China trade relations, and on upbeat U.S. non-farm payroll data.

RTTNews | 1小时7分钟前

Canadian Market Up Firmly In Positive Territory

The Canadian market is up firmly in positive territory a little past noon on Friday, amid easing concerns about U.S.-China trade tensions following China expressing willingness to hold tariff talks with the United States. Data showing a much higher than expected increase in U.S. non-farm payroll growth in the month of April is also aiding sentiment.

RTTNews | 2小时5分钟前

U.S. Factory Orders Spike Slightly Less Than Expected In March

The Commerce Department released a report on Friday showing a sharp increase by new orders for U.S. manufactured goods in the month of March. The report said factory orders spiked by 4.3 percent in March after rising by a downwardly revised 0.5 percent in February.

RTTNews | 4小时2分钟前

U.S. Employment Jumps By 177,000 Jobs In April, Much More Than Expected

Job growth in the U.S. far exceeded economist estimates in the month of April, according to a closely watched report released by the Labor Department on Friday. The Labor Department said non-farm payroll employment shot up by 177,000 jobs in April compared to expectations for an increase of about 130,000 jobs.

RTTNews | 4小时56分钟前

Eurozone Inflation Remains Stable At 2.2%

Euro area annual inflation remained stable in April near the European Central Bank's 2 percent target, but the trade tariff uncertainty clouds the outlook. The harmonized index of consumer prices grew 2.2 percent on a yearly basis in April, the same pace of increase as seen in March, flash data from Eurostat showed on Friday. Prices were expected to climb at a slower pace of 2.1 percent.

RTTNews | 5小时20分钟前

Eurozone Manufacturing Activity Shrinks At Slower Pace

Euro area factory activity contracted at a slower pace in April as production grew at the fastest pace in more than three years, final data of the purchasing managers' survey by S&P Global showed Friday. The HCOB manufacturing Purchasing Managers' Index rose to a 32-month high of 49.0 in April from 48.6 in March. The score was also above the flash estimate of 48.7.

RTTNews | 5小时32分钟前

Bay Street May Open Higher

The Canadian market is likely to open on a positive note on Friday, tracking firm European stocks amid easing concerns over U.S.-China trade tensions after Beijing stated its willingness to engage in tariff negotiations with the United States.

RTTNews | 5小时35分钟前

EURUSD	1.13043	GBPUSD	1.32755	AUDUSD	0.64457
USDJPY	144.835	USDCAD	1.38077	USDCHF	0.8275

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Sensex, Nifty Poised For Steep Sell-off