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Global shares were mixed Friday as worries deepened about the regional economy and Japan reported higher-than-expected inflation. France's CAC 40 was little changed, inching down less than 0.1 per cent to 6,704.00. Germany's DAX slipped 0.1 per cent to 14,524.48. Britain's FTSE 100 gained 0.1 per cent to 7,473.46. The future for the S&P 500 gained 0.2 per cent while that for the Dow industrials was up 0.1 per cent. Investors have their eyes on China's lockdowns and restrictions to curb the spread of coronavirus infections, as the direction China takes will have great impact on the rest of Asia. China has been expanding pandemic lockdowns, including in a city where factory workers making Apple's iPhone clashed with police this week, as its number of COVID-19 cases hits a daily record. Across China, the number of new cases reported Thursday was 31,444, the highest since the virus was first detected in late 2019. Reopening policies have pivoted in China, which will be a gradual ...
Equity benchmarks surrendered early gains to close with losses on Wednesday, snapping their four-day winning streak as investors pared exposure to telecom, realty and tech stocks amid a mixed trend in global markets. Investors were also cautious ahead of the US Federal Reserve's meeting on interest rates, while a depreciating rupee further weighed on sentiment, traders said. After a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and ended 215.26 points or 0.35 per cent lower at 60,906.09. During the day, it slipped 326.96 points or 0.53 per cent to 60,794.39. Similarly, the broader NSE Nifty fell 62.55 points or 0.34 per cent to settle at 18,082.85. Bharti Airtel was the top gainer among the Sensex constituents, spurting 3.05 per cent, followed by Maruti, Hindustan Unilever, Infosys, HCL Technologies, IndusInd Bank and Titan. On the other hand, Sun Pharma, ITC, Tech Mahindra, Dr Reddy's and Reliance Industries were among the gainers. "With the Federal
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