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The UK's equity market capitalization remains behind France after losing its place as Europe's biggest stock market last year.
They work well for investors who aren't adept at picking stocks, debt and other instruments. Yet, one must consider a host of factors before choosing a scheme or fund house
Closing Bell: Sun Pharma claimed the top winner spot on the Sensex with a gain of 1.7 per cent on launching an anti-cancer drug Palbociclib in India for patients with advanced breast cancer
But Asian markets benefited from speculation among investors that major central banks are considering slowing their aggressive interest hikes, given signs of an economic slowdown
Global stock markets mostly gained Wednesday on hopes the Federal Reserve might ease off plans for interest rate hikes, while London opened lower after Britain installed its third prime minister this year amid an economic crisis. Other European markets gained. Shanghai, Tokyo and Sydney closed higher. The euro edged above $1. The future for Wall Street's benchmark S&P 500 index declined after gaining for a third day Wednesday after bond prices rose. That suggested some investors expect the Fed to ease off rate hikes as economic activity cools. Traders see weaker US housing prices and other data as support for a dial back of Fed plans at its December meeting, said Vishnu Varathan of Mizuho Bank in a report. In early trading, the FTSE 100 in London lost 0.2% to 7,001.84 after Prime Minister Rishi Sunak warned Tuesday of a profound economic crisis. The DAX in Frankfurt gained 0.7% to 13,146.40 and the CAC 40 in Paris added 0.4% to 6,274.66. On Wall Street, the S&P 500 future lost
Global shares were mostly lower on Friday in muted trading, as investors kept an eye on inflation and awaited the outcome of a Communist Party congress in China. France's CAC dipped 1.6 per cent in early trading to 5,988.78. Germany's DAX lost 1.4 per cent to 12,584.52. Britain's FTSE 100 shed 1 per cent to 6,871.64 as the Conservative Party was preparing to replace Liz Truss as prime minister within a week after she resigned on Thursday after a turbulent 45-day term, conceding that she could not deliver on her tax-cutting economic plans. Former Prime Minister Boris Johnson is among several candidates expected to vie to take her place. Former Treasury chief Rishi Sunak and House of Commons leader Penny Mordaunt are others. On Wall Street, the future for the Dow industrials lost 0.5 per cent while the S and P 500 future was down 0.7 per cent. China's ruling party congress is expected to wrap up on Saturday with an endorsement of leader Xi Jinping remaining in office indefinitely.
Global stock markets surged on Friday after Wall Street rebounded from a slump caused by higher-than-forecast inflation numbers. Market benchmarks in London and Paris opened up more than 1 per cent. Tokyo jumped 3.3 per cent for its biggest one-day gain in seven months. Hong Kong and Shanghai also rose. Benchmark US crude rose almost USD 2 per barrel. On Wall Street, the future for the benchmark S and P 500 index was down 0.4 per cent. Wall Street slumped on Thursday after the US consumer price index for September rose 8.2 per cent. But the S and P 500 rebounded to end up 2.6 per cent for its biggest daily gain in 2 1/2 years. The sticker shock of inflation was "shrugged off, possibly because traders already expect another sharp interest rate hike from the Federal Reserve next month to cool surging prices, said Vishnu Varathan of Mizuho Bank in a report. The Fed and central banks in Europe and Asia have raised rates by unusually wide margins this year to contain inflation that is
Twitter eases from one-year high, Tesla falls 5%; Rate-sensitive technology and related stocks like Nvidia Corp, Amazon.com, Apple Inc and Alphabet Inc fell between 1.8% and 4%
The dollar index was last up 0.54% to 110.77, after tumbling 1.3% on Tuesday
Global shares were mixed Monday while the British pound declined to an all-time low against the US dollar on concerns over planned tax cuts. France's CAC 40 rose 0.2% in early trading to 5,795.88, while Germany's DAX added 0.2% to 12,311.57. Britain's FTSE 100 edged 0.1% higher to 7,025.51. The futures for the Dow industrials and the S&P 500 were 0.1% lower. In Asian trading, Japan's benchmark Nikkei 225 shed 2.7% to finish at 26,431.55. Australia's S&P/ASX 200 dipped 1.6% to 6,469.40. South Korea's Kospi dropped 3.0% to 2,220.94. Hong Kong's Hang Seng gave up 0.4% to 17,855.14, while the Shanghai Composite lost 1.2% to 3,051.23. The British pound's slide against the dollar picked up pace last week after the UK's new government outlined plans to cut taxes and boost spending. The weakening currency piles pressure on the UK's new Conservative government, which has gambled that slashing taxes and increasing borrowing to compensate will spur economic growth. Many economists say .
Fresh lockdowns in China are also fuelling concerns about global growth, while high energy costs as a result of the war in Ukraine are weighing on European markets
Markets, Credit Suisse said, had factored in excessive hope and not enough economic realities ahead of the Jackson Hole Symposium
The benchmark Sensex opened gap-down 827 points (down 1.4 per cent), then went on to fall -1,015 points, or 1.7 per cent over its previous day's close
"Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions," Powell said.
Global stock markets were mixed Wednesday as traders watched for potential economic impact from the visit to Taiwan by Nancy Pelosi, speaker of the US House of Representatives. London and Shanghai fell. Frankfurt, Tokyo and Hong Kong gained. Oil prices declined. China, which claims self-ruled Taiwan as part of its territory, banned imports of Taiwanese citrus fruits and frozen fish in retaliation for Pelosi's visit. But it has avoided disrupting the flow of processor chips and other industrial goods, a step that could jolt the global economy. The real show of force by China is still to come, said Clifford Bennett of ACY Securities in a report. In early trading, the FTSE 100 in London lost 0.2% 7,392.56 while the DAX in Frankfurt gained less than 0.1% to 13,454.28. The CAC 40 in Paris edged 0.1% higher to 6,417.52. On Wall Street, the future for the benchmark S&P 500 index was up 0.2% and that for the Dow Jones Industrial Average was 0.3% higher. On Tuesday, the S&P 500 lost ...
Major global stock markets and Wall Street futures advanced on Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool surging inflation. London and Frankfurt opened higher. Tokyo and Sydney gained while Shanghai declined. Oil prices rose. The Fed on Wednesday is expected to announce an increase of up to three-quarters of a percentage point in its benchmark interest rate, triple its usual margin. Investors worry such aggressive action by the Fed and other central banks in Europe and Asia to control inflation that is at multi-decade highs might derail global economic growth. The main risk at this stage is in fact an inflation overkill' with monetary tightening too abrupt, unnecessarily pushing up the unemployment rate, Thomas Costerg of Pictet Wealth Management said in a report. Costerg said most economic indicators and lower commodity prices already point to slower inflation ahead. In early trading, the FTSE 100 in London rose 0.5 per
US futures and oil prices declined, while Japan's benchmark rallied after the ruling Liberal Democratic Party garnered a landslide parliamentary election victory
Global funds offloaded a net $40 billion of equities across seven regional markets last quarter, exceeding any three-month period characterised by systemic stresses since 2007
As regards valuations, Nomura believes stocks have largely (if not fully) priced in expectations of higher policy/discount rates. They expect the markets to remain choppy in the near-term
Shares slipped Wednesday in Europe and Asia ahead of the latest update on US economic growth, while oil prices were lower. The Commerce Department was due to release a report on first-quarter gross domestic product later in the day. Investors worried by uncertainty over inflation, rising interest rates and the potential for a recession also were awaiting remarks by central bank leaders including Fed Chair Jerome Powell. Germany's DAX lost 1.2 per cent to 13,071.73, while the CAC 40 in Paris was almost unchanged at 6,049.31. Britain's FTSE 100 shed 0.5 per cent to 7,287.26. The futures for the Dow industrials and S&P 500 were up 0.1 per cent. On Tuesday, the S&P 500 fell 2 per cent, the Dow Jones Industrial Average fell 1.6 per cent, and the Nasdaq fell 3 per cent after a survey showed weaker than expected consumer confidence in the US, mainly due to surging prices. A weaker-than-expected US consumer confidence reading highlighted worsening consumer expectations due to ...