Sensex, Nifty Seen Lower On Muted Asian Cues

Indian shares may open a tad lower on Friday, tracking mixed global cues and a firmer dollar as the Trump administration readies tariffs on Chinese goods.

Asian stocks are trading mixed and the European Central Bank’s dovish message battered the euro while oil traded flat ahead of next week’s OPEC meeting.

Argentina’s peso took another hit on worries about an overhaul of the country’s central bank leadership. The Bank of Japan meets later today, but no change to policy is expected.

Overnight, U.S. stocks ended mixed as investors digested upbeat retail sales and labor market data as well as the ECB’s decision to pull back from stimulus.

The Dow slid 0.1 percent to extend losses for the third straight day, while the S&P 500 rose 0.3 percent and the tech-heavy Nasdaq Composite climbed 0.9 percent to reach a fresh record closing high due to continued strength among media stocks.

European markets posted strong gains on Thursday after the European Central Bank indicated it would not raise interest rates through the summer of 2019.

At the same time, the central bank said it hopes to halve its monthly bond purchases to 15 billion euros after September and to end them in December.
The pan-European Stoxx Europe 600 index rallied 1.2 percent.

Closer home, benchmark indexes Sensex and the Nifty dropped around half a percent to snap a three-day winning streak on Thursday while the rupee ended up by 3 paise at 67.62 per dollar, shrugging off disappointing current account and wholesale inflation data.

by RTTNews Staff Writer

For comments and feedback: [email protected]

Market Analysis

Best Cities For Students 2018

Biotech stocks facing FDA Decision in June

From Bumpkins to Beaches: The 10 Crappiest U.S. States To Do Business

Read More Here...

Bookmark the permalink.