Indian shares look set to open higher on Wednesday as investors cheer yet another record-breaking session on Wall Street overnight. Underlying sentiment may remain supported somewhat as softer-than-expected U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts. Currently, all eyes are set on the upcoming Union Budget 2024, which is expected to...
Indian shares were seeing modest gains on Wednesday as softer-than-expected U.S. retail sales data reinforced bets of imminent Federal Reserve rate cuts. The benchmark S&P BSE Sensex was up 150 points, or 0.2 percent, at 77,450 in early trade while the broader NSE Nifty index was up 22 points, or 0.1 percent, at 23,580. Banks...
Chipmaker Nvidia Corp. has become the world\'s most valuable company, overtaking tech major Microsoft Corp., on the strength of surging demand for artificial intelligence or AI chips worldwide. The company now has a market cap of $3.335 trillion, compared to Microsoft\'s $3.317 trillion. Nvidia on June 5th had breached the $3 trillion mark in valuation...
A report released by the National Association of Home Builders on Wednesday unexpectedly showed a continued deterioration in U.S. homebuilder confidence in the month of June. The report said the NAHB/Wells Fargo Housing Market Index fell to 43 in June after slumping to 45 in May, while economists had expected the index to come in...
The U.S. dollar traded lower against its most major counterparts in the New York session on Wednesday, as Tuesday\'s soft retail sales data boosted expectations for a rate cut in September. U.S. retail sales missed forecasts in May and increased expectations of a rate cut in September to 67 percent. Investors await weekly jobless claims...
European stocks closed broadly lower on Wednesday with investors continuing to follow the developments on the political front in Europe, and looking for fresh triggers from elsewhere. The risk premium on French bonds held steady despite lingering worries about the country\'s debt path and fiscal situation. National Rally leader Jordan Bardella said he will not...
The Switzerland market ended marginally up on Wednesday after a choppy session, as investors largely refrained from making significant moves ahead of the central bank\'s policy announcement on Thursday. The Bank of England\'s interest rate decision is also due on Thursday. The Swiss National Bank is widely expected to cut its key policy rate by...
The Canadian market is down in negative territory Wednesday afternoon, weighed down by losses in industrials, financials and consumer staples sectors. With the U.S. markets closed for Juneteenth holiday, and no big economic data to trigger any significant moves, the market is struggling for direction. The benchmark S&P/TSX Composite Index is down 111.72 points at...
The Canadian market is down firmly in negative territory a little past noon on Monday with stocks from several sectors recording sharp losses due to sustained selling pressure as investors await fresh economic data for clues about the outlook for Fed interest rates. Shares from materials, energy, technology, utilities and communications are among the major...
European stocks closed on a somewhat mixed note on Monday after a choppy ride as investors tracked the developments on the political front, and awaited interest rate decisions from the Bank of England and the Swiss National Bank, and more economic data for clues about global economic growth. French government bonds won some respite after...