Latest news with #MSCIAsiaPacificIndex
News18
2 days ago
- Business
- News18
Stock Market Updates: Sensex Down Over 150 Points, Nifty Below 24,650; Infosys, ICICI Bank Top Drags
Last Updated: Domestic equities may continue to trade cautiously amid lingering uncertainty over a trade deal with the US Sensex Today: Domestic equities may continue to trade cautiously amid lingering uncertainty over a trade deal with the US and sustained selling pressure from foreign portfolio investors (FPIs). The GIFT Nifty was down 0.2 per cent at 8:15 AM, signalling a muted start for domestic stocks. Domestic benchmarks are likely to track cues from their Asian peers as stocks decline ahead of the tariff deadline this week. Global Cues MSCI Asia Pacific Index down 0.68 per cent. Japan's Nikkei fell 0.78 per cent, while South Korea's Kospi was lower by 0.02 per cent. Meanwhile, the dollar steadied on Tuesday after climbing the most since May in the previous session as the US signed a trade deal with the European Union (EU). Overnight, major Wall Street indices ended mixed, with the S&P 500 index up 0.02 per cent and the Dow Jones down 0.14 per cent. The week is expected to remain volatile with the inflation, trade, and economic data coming along with the Federal Reserve's interest rate decision. view comments First Published: July 29, 2025, 09:16 IST Disclaimer: Comments reflect users' views, not News18's. Please keep discussions respectful and constructive. Abusive, defamatory, or illegal comments will be removed. News18 may disable any comment at its discretion. By posting, you agree to our Terms of Use and Privacy Policy.
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Business Standard
2 days ago
- Business
- Business Standard
Stock Market LIVE: D-St set for weak open; Asian markets slip; IndusInd, NTPC Green in focus
Stock Market LIVE Updates on Tuesday, July 29, 2025: Domestic benchmarks are likely to track cues from their Asian peers as stocks decline ahead of the tariff deadline this week Stock Market LIVE Updates on Tuesday, July 29, 2025: Domestic equities may continue to trade cautiously amid lingering uncertainty over a trade deal with the US and sustained selling pressure from foreign portfolio investors (FPIs). The GIFT Nifty was down 0.14 per cent at 7:00 AM, signalling a muted start for domestic stocks. Domestic benchmarks are likely to track cues from their Asian peers as stocks decline ahead of the tariff deadline this week. MSCI Asia Pacific Index down 0.68 per cent. Japan's Nikkei fell 0.78 per cent, while South Korea's Kospi was lower by 0.02 per cent. Meanwhile, the dollar steadied on Tuesday after climbing the most since May in the previous session as the US signed a trade deal with the European Union (EU). Overnight, major Wall Street indices ended mixed, with the S&P 500 index up 0.02 per cent and the Dow Jones down 0.14 per cent. The week is expected to remain volatile with the inflation, trade, and economic data coming along with the Federal Reserve's interest rate decision. On the domestic front, Larsen & Toubro, Asian Paints, Varun Beverages and NTPC are among the major names to report earnings today. Investors will, however, react to the first-quarter results of IndusInd Bank, Mazagon Dock Shipbuilders, Torrent Pharmaceuticals, NTPC Green Energy, among others. IPOs in focus In the mainboard space, the initial public offerings (IPOs) of Aditya Infotech and Laxmi India Finance will open for subscription, while the issue of Shanti Gold International will enter its last day. In the SME segment, three issues, including Sellowrap Industries, Shree Refrigerations, and Patel Chem Specialities, will see their last day of bidding. Issues of Repono and Umiya Mobile will enter the second day, while the IPO of Kaytex Fabrics will open for its first day of bidding on Tuesday. 8:01 AM Stock Market LIVE Updates: India's foreign equity listings went cold after 2018 7:58 AM Stock Market LIVE Updates: Asian stocks trade lower Stock Market LIVE Updates: Asian markets witnessed a muted start as investors await the outcome of the ongoing US-China trade talks. Last checked, Japan's Nikkei 225 index was down 0.83 per cent, and Hong Kong's Hang Seng index was down 0.42 per cent. On Monday, Wall Street ended on a flattish note as the new US-European Union trade agreement failed to lift market sentiment. The S&P 500 settled almost unchanged with a positive bias, and the Dow Jones Industrial Average fell 0.14 per cent.
Time of India
18-07-2025
- Business
- Time of India
Asian stocks edge up after US gains, dollar dips
Asian stocks made a modest gain at the open Friday as a global equity rally gained fresh vigor on strong economic data that eased concerns about the US economy . The MSCI Asia Pacific Index rose 0.2% at the open. Equity-index futures for US gained after the S&P 500 and Nasdaq 100 set closing highs Thursday. Tech stocks rose as a bullish outlook from Taiwan Semiconductor Manufacturing Co. bolstered confidence in artificial-intelligence spending. Netflix Inc. also reported strong earnings and raised its forecast. Explore courses from Top Institutes in Select a Course Category Public Policy Digital Marketing MBA healthcare Project Management Operations Management Design Thinking Product Management Leadership Healthcare Management Technology Data Analytics CXO Data Science Cybersecurity Data Science Artificial Intelligence MCA Finance PGDM others Degree Others Skills you'll gain: Duration: 12 Months IIM Calcutta Executive Programme in Public Policy and Management Starts on undefined Get Details Skills you'll gain: Economics for Public Policy Making Quantitative Techniques Public & Project Finance Law, Health & Urban Development Policy Duration: 12 Months IIM Kozhikode Professional Certificate Programme in Public Policy Management Starts on Mar 3, 2024 Get Details The yen steadied as Japan's key price measure cooled a tad more than expected, while remaining well above the Bank of Japan's target. The dollar dipped as Federal Reserve Governor Christopher Waller said policymakers should cut interest rates this month to support a labor market that is showing signs of weakness. Treasuries rose as yields on the 10-year fell for a third day. The cross-asset moves were a sign of bullish risk appetite a day after speculation President Donald Trump would fire Jerome Powell sent volatility spiking. The gains in equities reflected strong economic data and confidence US companies will deliver robust second-quarter earnings, calming the uncertainty caused by Trump's tariff war. 'As long as the economy continues to expand and unemployment remains low, then people will continue to spend and the flywheel can keep generating higher profits, which is the engine for higher stock prices,' said Chris Zaccarelli at Northlight Asset Management. Live Events A June advance in US retail sales tempered concerns about weaker consumer spending. Applications for US unemployment benefits declined for a fifth straight week to the lowest since mid-April, showing a resilient job market. Elsewhere, a White House shift on US chip bans that impacts Nvidia Corp. and Advanced Micro Devices Inc. has spurred talk of a grand tech bargain between Washington and Beijing. Separately, the US Commerce Department imposed preliminary anti-dumping duties on Chinese imports of graphite, a key battery component. Fed Bank of San Francisco President Mary Daly said it's reasonable for policymakers to plan on two rate cuts this year, emphasizing that the central bank should not wait too long before moving. Fed Governor Adriana Kugler said officials should keep holding rates steady 'for some time,' citing accelerating inflation as tariffs start to boost prices. ETMarkets WhatsApp channel )
Time of India
08-07-2025
- Business
- Time of India
Market watch: Asian stocks rise on trade hopes as Donald Trump hints at deal window; oil steadies after OPEC+ hike
Representative image (Picture credit: AP) Asian equity markets inched higher on Tuesday as investor sentiment improved slightly following US President Donald Trump's remarks suggesting room for negotiations on newly announced tariff hikes. Meanwhile, oil prices steadied after Monday's surge, with traders assessing the combined impact of trade uncertainties and a surprise output move by OPEC+. The MSCI Asia Pacific Index posted modest gains, supported by advances in Japanese and South Korean equities, both rising as much as 0.3%. The uptick came after Trump softened his stance on sharply higher tariffs targeting key partners like Japan, South Korea and Malaysia, saying the notifications were 'not 100% firm,' according to Bloomberg. He also delayed their implementation until August 1, hinting at the possibility of further extensions or last-minute deals. 'This is carrot and stick play – stretch the deadline, tighten the grip, and remain focused on a deal to be made,' said Hebe Chen, who's a market analyst at Vantage Markets, Melbourne. As per Bloomberg, despite the drama, she further said that the market is still pricing in the likelihood of a resolution within weeks. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Beyond Text Generation: An AI Tool That Helps You Write Better Grammarly Install Now Undo The newly announced levies include 25% duties on goods from Japan, South Korea and Malaysia, with even steeper rates on others — up to 40% on Laos and Myanmar. Yet, global equities have rebounded from their April lows, buoyed by hopes that bilateral deals might be struck before the new measures take effect. India, which is also in negotiations with Washington, has reportedly made its final offer. Officials cited by Bloomberg say that New Delhi is firm on its red lines, resisting US demands to open up its dairy and auto sectors or allow genetically modified crop imports. In currencies, the yen edged higher after Monday's sharp fall, while the US dollar slightly retreated. Still, confidence in the dollar remains robust. As quoted by Bloomberg, Wells Fargo strategist Aroop Chatterjee called the recent developments 'a perfect storm for a recovery,' as economic data keeps the Federal Reserve on the sidelines. Oil markets, meanwhile, saw a pullback on Tuesday. Brent crude fell 21 cents to $69.37 a barrel, and US WTI slipped 24 cents to $67.69, after climbing nearly 2% the day before. As per Reuters, investors remain cautious amid trade jitters and news that OPEC+ will raise output by 548,000 barrels per day in August, a higher hike than previous months. Although OPEC+ agreed to phase out most of its voluntary 2.2 million bpd cuts, actual increases have mostly come from Saudi Arabia. As per Reuters, Analysts at Goldman Sachs expect a final 550,000 bpd boost for September when the bloc meets again on August 3. Despite the broader concerns, demand signals remain firm, especially in the US. A record 72.2 million Americans were expected to travel for the July 4 holiday, helping to support oil consumption. Investor bullishness was also reflected in CFTC data showing net-long positions in crude rising in the week to July 1. Still, 'investors should be alert to headline risk,' cautioned Fawad Razaqzada of City Index and as cited by Bloomberg, underlining that while talks may resume, the threat of renewed volatility remains high. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
04-07-2025
- Business
- Time of India
Asian shares open cautiously on tariff angst
Asian shares traded in a tight range Friday after President Donald Trump's threat to impose higher tariffs outweighed the sentiment from a stronger US jobs data . The MSCI Asia Pacific Index swung between small gains and losses at the open after US stocks closed at a record Thursday in a shortened session ahead of Friday's Independence Day holiday. Trump said his administration may begin sending out letters to trading partners as soon as Friday, setting unilateral tariff rates, ahead of the July 9 deadline for negotiations. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like War Thunder - Register now for free and play against over 75 Million real Players War Thunder Play Now Undo Treasuries fell and the dollar rose Thursday in a sign traders see less pressure on the Federal Reserve to cut interest rates after US jobs growth exceeded expectations in June. Swap traders saw almost no chance of a July Fed cut, compared with a roughly 25% probability seen before the data. The chance of a move in September ebbed to about 70%. 'The solid June jobs report confirms that the labor market remains resolute and slams the door shut on a July rate cut,' said Jeff Schulze at ClearBridge Investments. 'A wage-price inflationary spiral shouldn't be a near-term concern, setting up something resembling a 'Goldilocks' scenario.' Meanwhile, Trump secured a sweeping shift in US domestic policy as the House passed a $3.4 trillion fiscal package that cuts taxes, curtails spending on safety-net programs. The 218-214 vote in the House Thursday sends the legislation to Trump, in time for a July 4 deadline he set. Live Events The president said he plans to sign the bill on Friday at a 4 p.m. ceremony at the White House. A $5 trillion increase in the US debt limit in the package eliminates the risk of a market-rattling payment default the Treasury had forecast could come as soon as mid-August without congressional action. 'The removal of the risk that the Treasury Department would exhaust the capacity to fund itself is a highly welcome development for all market players,' Chris Weston, head of research at Pepperstone Group, wrote in a note. 'The Treasury department will soon look to ramp up bill issuance.' In Asia, Hong Kong's de-facto central bank bought the city's dollar again to defend its foreign-exchange peg. The Hong Kong dollar has had a wild ride recently with two previous rounds of intervention failing to send funding costs high enough to dampen bearish currency bets. Separately, Treasury Secretary Scott Bessent on Thursday questioned Fed officials' judgment on rates, reiterating his view that two-year yields are a signal their benchmark rate is too high. 'The committee seems to be a little off here in their judgment,' Bessent said in an interview on Fox Business, referring to the Fed's rate-setting Federal Open Market Committee.
