UPCOMING EVENTS: Monday: Eurozone Retail Sales. (China on holiday) Tuesday: Japan Average Cash Earnings, RBA Meeting Minutes, US NFIB Small Business Optimism Index. Wednesday: RBNZ Policy Decision, FOMC Meeting Minutes. Thursday: Japan PPI, ECB Meeting Minutes, US CPI, US Jobless Claims, New Zealand Manufacturing PMI. Friday: UK GDP, Canada Labour Market report, US PPI, US…
Indian benchmark equity indices, the Sensex and Nifty, fell for the fifth consecutive session on Friday, marking their worst week in over two years. Concerns about the escalating conflict in the Middle East continued to unsettle investors while rising foreign outflows added to the pressure. The Nifty 50 index declined by 0.93% to 25,014, while…
Indian benchmark equity indices surged to record highs and registered weekly gains on Friday, as an outsized interest rate cut by the U.S. Federal Reserve earlier in the week whetted investor risk appetite across global markets. The NSE Nifty 50 added 1.48% to 25,790 and the S&P BSE Sensex gained 1.63% to 84,544, logging record…
UPCOMING EVENTS: Monday: Japan on Holiday, Australia/Eurozone/UK/US Flash PMIs. Tuesday: Japan Flash PMI, RBA Policy Decision, German IFO, US Consumer Confidence. Wednesday: Australia Monthly CPI. Thursday: SNB Policy Decision, US Durable Goods Orders, US Q2 Final GDP, US Jobless Claims. Friday: Tokyo CPI, Canada GDP, US PCE. Monday Monday will be the Flash PMIs Day…
Domestic benchmark equity indices, Sensex and Nifty50, closed marginally lower on Friday, weighed down by FMCG and energy stocks. However, they recorded their best weekly performance since the end of June, ahead of a likely rate cut by the Federal Reserve. The Nifty 50 closed 0.13% lower at 25,356, while the Sensex fell 0.09% to…
Domestic markets might be in no mood to slow down, despite reaching consistent record highs in recent months, as the benchmark Nifty is poised for a multi-quarter consolidation breakout, according to ICICI Direct. A note from the brokerage predicts that this breakout will lead to a significant rally over the next 6-7 quarters. Positive global…
UPCOMING EVENTS: Monday: New Zealand Services PMI. Tuesday: Eurozone ZEW, Canada CPI, US Retail Sales, US Industrial Production and Capacity Utilization, US NAHB Housing Market Index. Wednesday: UK CPI, US Housing Starts and Building Permits, BoC Summary of Deliberations, FOMC Policy Decision. Thursday: New Zealand Q2 GDP, Australia Labour Market report, BoE Policy Decision, US…
Indian bluechip equity indices Nifty50 and Sensex hit fresh record highs on Friday, driven by gains in financials and IT stocks, following US economic data that eased growth concerns. The benchmark NSE Nifty 50 rose 0.33% to 25,235.9, while the S&P BSE Sensex added 0.28% to 82,365.7. They added 1.6% this week and about 1%…
UPCOMING EVENTS: Monday: US/Canada Holiday, China Caixin Manufacturing PMI, Swiss Manufacturing PMI. Tuesday: Swiss CPI, Swiss Q2 GDP, Canada Manufacturing PMI, US ISM Manufacturing PMI. Wednesday: Australia Q2 GDP, China Caixin Services PMI, Eurozone PPI, BoC Policy Decision, US Job Openings, Fed Beige Book. Thursday: Japan Average Cash Earnings, Swiss Unemployment Rate, Eurozone Retail Sales,…
Indian benchmark equity indices Nifty and Sensex ended flat in a highly volatile session on Friday, while global markets advanced after Federal Reserve Chair Jerome Powell stated that “the time has come” to reduce interest rates. Speaking at the economic symposium at Jackson Hole, U.S., Powell explicitly endorsed an imminent policy easing, noting that further…