2025-03-07 11:48:03The BSE Sensex pared early gains to close virtually unchanged at 74,333 on Friday, amid caution ahead of the release of U.S. payrolls data and Fed Chair Jerome Powell's keynote speech at an event in New York later in the day. Concurrently, growing uncertainty surrounding the Trump administration's tariff policy has intensified risk aversion. Moreover, ongoing foreign capital outflows continued to be a significant headwind for the domestic market. On the corporate front, heavyweight Reliance Industries led the gainers, surging more than 3%. Nestle India, Tata Motors, Adani Ports, Tata Steel, UltraTech Cement and Kotak Mahindra Bank were also among the top performers. On the other hand, Zomato, IndusInd Bank, NTPC, Infosys, HCL Technologies, Titan and Power Grid were the biggest decliners. For the week, the index rose around 1.5%, marking the first weekly gain in a month, amid hopes of easing global trade tensions.
2025-03-07 11:36:05Brent crude climbed to $70.5 per barrel Friday, attempting to rebound from recent declines, after Russia's Deputy Prime Minister Novak suggested that the OPEC+ group could reverse its planned output increase after April if market imbalances persist. Despite the recovery, Brent remained on track for a 3.1% weekly decline, pressured by concerns that escalating trade tensions could weaken global energy demand and expectations of rising supply from major oil producers. While President Trump eased some tariffs on Mexico and Canada until April 2, Canada’s retaliatory tariffs remain in place, and China’s measures are set to take effect next week. Meanwhile, OPEC+ plans to increase output in April, alongside the potential restart of the Kirkuk-Ceyhan pipeline and rising production at Kazakhstan’s Tengiz field, fueling oversupply fears. Additionally, there is the possibility of US sanctions on Russia being lifted, as President Putin signaled interest in a Ukraine peace deal.
2025-03-07 05:22:04The BSE Sensex rose by 173 points, or 0.2%, to 74,513 in morning trade on Friday, gaining for the third straight session, supported by metals, media, auto, and pharmaceuticals. The decision by U.S. President Donald Trump to suspend the 25% tariffs on most goods from Mexico and Canada continued to lift sentiment, amid hopes of decelerating global trade tensions. However, fresh trade data from India's top trading partner, China, capped the rise, as mainland export growth eased below forecasts while imports unexpectedly declined, signaling weaker domestic demand in the country's second-largest economy. Traders also anticipated U.S. jobs data for insights into the health of the economy. The Nifty 50 rose by 0.2% to above 22,600, with notable gains from Reliance Industries (2.0%), Tata Motors (1.3%), and Axis Bank (1.2%). For the week, the index is pointing to a surge of around 1.8%, which would mark the first weekly increase in a month, amid hopes of decelerating global trade tensions.
2025-03-07 03:12:03周五,澳元兑美元跌至 0.63 美元,扭转了本周早些时候的涨势,因为全球贸易战不断升级,特朗普总统的关税政策转变加剧了市场不确定性。这些发展引发了人们对美国经济可能受到影响的担忧,引发了风险资产的广泛抛售。尽管如此,在美元普遍走弱的支撑下,澳元本周仍有望上涨近 2%。澳大利亚强于预期的 GDP 增长和贸易数据也为澳元提供了额外支撑。在货币政策方面,澳大利亚央行副行长 Andrew Hauser 指出,央行正在密切关注不断升级的全球贸易紧张局势对国内通胀的影响。他强调,现在宣布战胜通胀还为时过早,并主张对进一步降息持谨慎态度。
2025-03-06 02:44:03Shares in Hong Kong soared 520 points or 2.2 to 24,115 on Thursday morning deals, marking the third session of gains while reaching their highest level in over three years. This followed an overnight rally on Wall Street in the wake of President Trump’s announcement of a one-month exemption on auto tariffs for Mexico and Canada. Traders keenly added new positions after China projected a 5% GDP growth for 2025 during a parliamentary session, keeping the same forecast as 2024 despite trade tensions with the US. Moreover, Beijing announced plans to issue CNY 1.3 trillion in ultra-long special treasury bonds to boost demand and support infrastructure projects. Gains were broad-based, with CK Hutchison Hlds. jumping around 12%, following a 22% climb Wednesday, after agreeing to sell all its shares in Hutchison Port Hlds. and Hutchison Port Group Hlds to BlackRock. Other winning stocks included Tencent Hlds. (4.4%), Semicon Manufacturing (4.2%), Kuaishou Tech (10.8%), and KE Hlds. (6.4%).