Sensex, Nifty To Open On Flat Note Amid Inflation, Interest Rate Concerns

RTTNews | 929 hari yang lalu

(RTTNews) - Indian shares look set to open largely unhanged on Monday as inflation and interest-rate concerns persist.

The week ahead could be extremely volatile and choppy after the Election Commission of India announced the dates for election for 543 Lok Sabha seats.

Capital markets regulator SEBI has approved the launch of the beta version of the T+0 settlement on an optional basis from March 28.

The new settlement would be for a limited set of 25 scrips, and with a limited set of brokers.

Meanwhile, India's current world-beating economic growth rate on the back of an investment boom resembles that of 2003-07 when growth averaged more than 8 percent, economists at Morgan Stanley said in a report.

Asian markets traded mixed this morning as investors continued to dial back their expectations for Fed rate cuts in 2024.

A slightly weaker yen helped lift Japan's Nikkei average up over 2 percent.

Mainland China and Hong Kong markets clung to modest gains ahead of the release of key economic indicators, including reports on business investment, retail sales, industrial production and unemployment.

Data showed new bank loans dipped more than expected in February, spurring some optimism over possible stimulus measures.

The dollar held steady ahead of a busy week dominated by central bank meetings in Japan, Australia, U.K. and the United States.

Gold struggled for momentum while oil steadied after its biggest weekly advance in a month.

U.S. stocks ended lower on Friday while bond yields ticked higher as investors looked ahead to cues from upcoming FOMC meeting.

On the data front, manufacturing output rebounded in February while consumer sentiment and inflation expectations held steady in March, separate reports revealed.

The New York Empire State Manufacturing Index sank to -20.9 in March 2024 from -2.4 in February.

The tech=heavy Nasdaq Composite shed 1 percent and the S&P 500 gave up 0.7 percent to extend losses for the third day running while the Dow dropped half a percent.

European stocks closed lower on Friday amid inflation and interest-rate concerns. The pan European STOXX 600 declined 0.3 percent.

The German DAX finished marginally lower and the U.K.'s FTSE 100 eased 0.2 percent while France's CAC 40 ended with a positive bias.

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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 | 11 jam 58 menit yang lalu

European Markets Recover From Multi-month Lows, Close On Positive Note

A day after falling to multi-month lows, European markets rebounded fairly strongly on Friday as oil prices fell sharply and bond yields dropped, easing concerns about inflation and interest rates a bit.

RTTNews | 12 jam 20 menit yang lalu

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 | 13 jam 40 menit yang lalu

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 | 15 jam 45 menit yang lalu

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 | 16 jam 12 menit yang lalu

Euro Slides Against Majors

The euro weakened against other major currencies in the European session on Friday.

RTTNews | 16 jam 47 menit yang lalu

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 | 16 jam 51 menit yang lalu

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 | 17 jam 9 menit yang lalu

EURUSD	1.1253	GBPUSD	1.3241
USDJPY	157.845	USDCAD	1.4248