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Informist, Friday, Sept. 12, 2025                                      Tel +91 (22) 6985-4000

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Equity Alert: Asian indices rise Friday on hopes of rate cut in US

 

MUMBAI--0813 IST--Asian equity indices were up in early trade Friday, tracking sharp gains in the US market due to hope of an interest rate cut after a dismal weekly jobs report in the US. Rate cuts in the US would imply lower borrowing costs globally, easing pressure on the bond market. The CME Fedwatch tool shows a 100% probability of a rate cut by the US Federal Reserve at its meeting on Sept. 16-17.

 

Indices in South Korea and Japan hit fresh intraday highs. The Kospi rose 1.2%, up for the ninth consecutive session, gaining nearly 8% during this period. Japan's Nikkei rose 0.6%, up for the third consecutive session.

 

The CSI 300 index rose 0.2?ter closing over 2% higher on Thursday amid reports that local governments in China are planning to pay backlog bills owed to the private sector. Hong Kong's Hang Seng index rose 1%. Shares of Alibaba Group Holding were up 9% in early trade after the company's US-listed depositary receipts gained 8% Thursday.

 

US CPI rose 0.4% on month in August, the most since January, and higher than expectations of a 0.2% rise. However, market participants bet on rate cuts since weekly jobless claims for the week ended Saturday surged to 263,000, up 27,000. The increase in claims was the highest in nearly four years.

 

Following were the levels of key Asian indices at 0758 IST:

 

INDEX	LEVEL	CHANGE IN %
CSI 300 Index	4557.7134	0.22
Hang Seng Index	25911.12	1.08
Nikkei 225 Day	43818.56	0.40
TOPIX FIRST SECTION	3157.21	0.72
KOSPI	3384.02	1.2
FTSE Singapore Strait Times	4352.38	(-)0.1
S&P/ASX 200 Index	8879.3	0.09

 

(Eshitva Prakash)

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Equity Alert: Indices likely to open higher on positive global cues

 

MUMBAI--0750 IST--Benchmark equity indices are likely to open higher Friday due to positive cues from global markets, where indices rose on expectation of interest rate cuts in the US. However, gains are likely to be limited as the Nifty 50 has already risen for seven straight sessions, gaining 1.7% during this period.

 

Market participants in the US largely focused on a weak jobs report and ignored a higher-than-expected consumer inflation print. Indices in the US rose 0.7-1.4% on Thursday despite the consumer price index for all urban consumers in August increasing 0.4% on month, while the rise was expected to be 0.2%. 

 

Market participants largely ignored the inflation report as jobless claims in the US for the week ended September came in at 263,000, higher than the 235,000 claims expected. This further cemented expectations of a rate cut by the US Federal Reserve at its meeting next week.

 

While market participants are almost sure the Fed will cut rates by at least 25 basis points, the weak jobs report fuelled hope of rate cuts at the Fed's meetings in October and December as well. Lower interest rates in the US are expected to further bring down US bond yields and push investors towards emerging markets such as India for higher interest rates.

 

Asian markets were up, tracking overnight gains in US market. Most indices in Asia gained in early trade with those in Japan, Hong Kong, South Korea, Taiwan, Indonesia, and Australia rising 0.6-1.3%. 

 

Amid postive global cues, GIFT Nifty futures suggest the Nifty 50 may surpass its immediate resistance of 25100 points and may even reach close to 25200 points. At 0723 IST, the GIFT Nifty's September contract was at 25180 points, down marginally compared with its previous close but up 0.7% from the Nifty 50's close on Thursday. The 50-stock index had ended the Thursday's session at 25005.50 points, up 0.1%. (Anshul Choudhary)

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Equity Alert: US mkt rises Thu as jobless claims report fuels rate cut hope

 

MUMBAI--0746 IST--US stock indices hit record highs Thursday as jobless data boosted bets of interest rate cuts by the US Federal Reserve, while market partcipants largely ignored higher-than-expected consumer price index data.

 

The Consumer Price Index rose 0.4% on month in August, against a 0.2% rise in July, according to the US Bureau of Labour Statistics. Inflation in August was higher than the expected rise of 0.2%. The weekly jobless claims rose to 263,000 for the week ended Saturday, higher than anticipated claims of 235,000.

 

"While the CPI report is a tad hotter than expected, it will not give the Fed a moment of hesitation when they announce a rate cut next week. If anything, the jump in jobless claims will inject a bit more urgency in the Fed's decision making, with Powell likely signaling a sequence of rate cuts is on the way," CNBC quoted Seema Shah, chief global strategist at Principal Asset Management, as saying.

 

The CME Fedwatch tool shows a 93% probability of a 25-bps rate cut by the US Fed and a 7% probability of a 50-bps rate cut next week. The probability of an October rate cut also increased and market participants expect a 25-bps reduction.

 

The Dow Jones led the US indices, up 1.4% with gains in JP Morgan and Goldman Sachs Group, which were up nearly 2?ch. The tech-heavy Nasdaq Composite gained 0.9%, rising for the fourth consecutive session. Shares of Tesla were up 6%. Shares of Warner Brothers were up 29?ter The Wall Street Journal reported that Paramount Skydance was preparing a majority cash bid for Warner Bros. Discovery.

 

Following are the closing levels of US indices Thursday:

 

Index	Level	Change in %
S&P 500	6587.47	0.85
NASDAQ Composite	22043.08	0.72
Dow Jones Industrial Average	46108	1.36

 

(Eshitva Prakash)

 

US$1 = 88.44

 

End 

 

Edited by Subhojit Sarkar

 

All prices from National Stock Exchange, unless otherwise specified.

All percentage changes for share prices are rounded off to the nearest whole number; percentage changes for index values are rounded off to one decimal place.

 

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