Sensex, Nifty Seen Opening Up On Dovish Fed

RTTNews | 926 hari yang lalu
Sensex, Nifty Seen Opening Up On Dovish Fed

(RTTNews) - Indian shares are seen opening higher on Thursday as investors cheer the Fed's dovish pivot and a retreat in U.S. Treasury yields.

Benchmark indexes Sensex and Nifty ended Wednesday's choppy session marginally higher while the rupee fell by 13 paise to close at 83.16 against the dollar.

Asian markets traded mostly higher this morning after the major U.S. averages all showed strong moves to the upside overnight, reaching new record closing highs.

The dollar extended overnight losses while Treasuries steadied during Asian trading.

Gold traded over $2,200 an ounce for the first time following the Fed comments. Oil inched higher after falling sharply in the previous session.

U.S. stocks rose overnight while bond yields fell as the Fed left interest rates unchanged for a fifth straight meeting and maintained its forecast for three rate cuts in 2024.

The S&P 500 added 0.9 percent to set a record high for a second straight day as Fed Chair Jerome Powell said that the Fed's next move is likely to be a cut sometime this year.

The Dow rallied 1 percent and the tech-heavy Nasdaq Composite climbed 1.3 percent to hit record highs.

European stocks ended mixed on Wednesday as investors reacted to encouraging U.K. inflation data and looked ahead to the Fed's interest-rate decision.

The pan European STOXX 600 closed flat with a negative bias. The German DAX edged up 0.2 percent while France's CAC 40 shed half a percent and the U.K.'s FTSE 100 finished marginally lower.

baca selengkapnya
Swiss Market Ends On Firm Note

Swiss Market Ends On Firm Note

Save for a few minutes at the start, the Switzerland market's benchmark index SMI stayed positive on Friday as lower oil prices and bond yields helped underpin sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 19 jam 8 menit yang lalu
Canadian Market Remains Firmly Up In Positive Territory

Canadian Market Remains Firmly Up In Positive Territory

The Canadian market is up firmly in positive territory around noon on Friday thanks to weak oil prices and lower bond yields aiding sentiment. Additionally, weaker than expected jobs data from the U.S. has somewhat reduced the likelihood of the Federal Reserve raising interest rates at its next meeting later this month.
RTTNews | 20 jam 50 menit yang lalu
U.S. Factory Orders Inch Up In Line With Estimates In August

U.S. Factory Orders Inch Up In Line With Estimates In August

A report released by the Commerce Department on Friday showed a slight uptick in new orders for U.S. manufactured goods in the month of August. The Commerce Department said factory orders crept up by 0.1 percent in August after climbing by a downwardly revised 0.8 percent in July.
RTTNews | 22 jam 55 menit yang lalu
U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

U.S. Employment Rises By 29,000 Jobs In September, Much Less Than Expected

The Labor Department released a closely watched report on Friday showing employment in the U.S. increased by much less than expected in the month of September. The report said non-farm payroll employment rose by 29,000 jobs in September after jumping by a downwardly revised 133,000 jobs in August. Economists had expected employment to increase by 85,000 jobs.
RTTNews | 23 jam 23 menit yang lalu
Euro Slides Against Majors

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.
RTTNews | 23 jam 57 menit yang lalu
Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Walmart Recalls Over 4.4 Mln Grill Brushes For Ingestion Risk

Retail giant Walmart Inc. is recalling around 4.478 million units of metal wire bristle grill brushes, citing risk of ingestion and internal injuries, according to the U.S. Consumer Product safety Commission or CPSC. The recall involves certain Walmart Expert Grill brushes with black plastic or stainless-steel handles. Some brushes come with metal scraper attached.
RTTNews | 1 hari yang lalu
Bay Street Headed For Positive Start

Bay Street Headed For Positive Start

Canadian stocks look headed for a positive start on Friday with concerns about inflation and interest rates easing a bit following a sharp drop in oil prices. Bond yields have dropped as well. U.S. non-farm payroll data for the month of September is likely to make an impact on investor sentiment.
RTTNews | 1 hari yang lalu