Page 17 - Global Markets

Five things to know about Barclays' new Chief Executive C S Venkatakrishnan

C S Venkatakrishnan, widely known as Venkat, was previously the head of Global Markets

Global stocks fall, gold gains as US economic growth slows sharply

The MSCI All World Stock Index was down 0.06% at 741.31 points, barely below its lifetime high of 749.16 points hit last month

Global shares decline after Evergrande sale deal called off

Global shares were mostly lower Thursday, after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. France's CAC 40 shed 0.4% in early trading to 6,679.78, while Germany's DAX fell 0.2% to 15,498.69. Britain's FTSE 100 dipped 0.4% to 7,198.09. US shares were set to drift lower with Dow futures down 0.3% at 35,375.00. S&P 500 futures slipped 0.3% to 4,516.75. China Evergrande Group's shares tumbled 12.5% while shares in Evergrande Property Services slipped 8%. In a notice to the Hong Kong exchange Evergrande said it was having difficulties selling off assets to resolve its cash crunch. Hopson Development Holdings' shares rose 12.4% after it said was unable to complete the purchase. Trading of shares in all three companies was suspended pending a resolution of the transaction. Hong Kong's Hang Seng index lost 0.5% to 26,017.53, while the Shanghai Composite index gained 0.2% to 3,594.78. Some verbal ...

Changing economic order

India needs to do more to tap global markets

Inflation data, global trends to guide markets this week: Analysts

Inflation data and global trends would be the major driving factors for the equity markets this week which after a record-breaking run took a breather in recent trades, analysts said. The overall market sentiment remains positive, supported by improving economic data and earnings but higher valuations can trigger bouts of profit booking, they said further. During the last week, which the 30-share BSE benchmark rose by 175.12 points or 0.30 per cent. "Global cues will continue to impact our market's behaviour and there are some macroeconomic data lined up this week like China's industrial production, US inflation numbers. On the domestic front, wholesale price index (WPI) inflation for August 2021 is due on 14 September," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd also said that global cues would be actively tracked as fear of economic slowdown looms while Delta variant cases continue

Nifty50 breaches 18,000-mark for the first time; IT disappoints

The Sensex rose 77 points, or 0.13 per cent, to close at a fresh lifetime high of 60,136

Sensex slips 340 pts from new high, ends 77 pts up; TCS drops 6%, RIL 0.6%

The Nifty Bank index hit a new liftime high of 38,495 in the intra-day trade before closing 1.4 per cent higher at 38,294 levels

Stock market: Many companies are choosing not to be listed, here's why

The number of listed companies worldwide peaked at 45,743 in 2014 but had slipped to 43,248 by 2019 according to the World Bank

RBI's dovish policy gives Sensex 381-pts boost; RIL up 4%, IT stocks shine

The central bank also retained the GDP growth forecast at 9.5% for the on-going fiscal year and revised CPI inflation projection downward to 5.3% which also supported sentiment

Global shares slip in cautious trading, shrug off US rally

Global shares slipped in cautious trading Wednesday, shrugging off a rally on Wall Street led by technology companies and banks that erased most of the losses from the previous day's sell-off. France's CAC 40 dipped 1.9% in early trading to 6,450.56, while Germany's DAX dropped 2.1% to 14,869.63. Britain's FTSE 100 was down 1.6% at 6,964.13. The future for the Dow industrials fell 0.9% to 33,860.00. S&P 500 futures was 1.2% lower at 4,280.00. Japan's benchmark Nikkei 225 sank 1.1% to finish at 27,528.87 for its eighth straight session of losses. South Korea's Kospi dipped 1.8% to 2,908.31. Australia's S&P/ASX 200 shed 0.6% to 7,206.50. Hong Kong's Hang Seng edged down 0.6% to 23,966.49. Trading was closed in Shanghai for the Chinese national holidays. Worries remain in Asia about ongoing coronavirus infections, although hopes are growing that economic activity will return closer to normal later this year, bouncing back from the deep downturn in 2020. On the risks front, China .

US bond tapering impact may hurt India, Indonesia less than other nations

Bonds from the two countries are already leading gains in emerging Asia this quarter, offering 3%-5% returns to dollar-based investors

Pandemic recovery fuels deal craze as third-quarter M&A breaks all records

A frantic summer of merger activity produced deals worth $1.52 trillion in the three months to Sept. 27, up 38% from the same quarter last year and more than any other quarter on record

IPOs slow down globally in third quarter after frenetic 2021 start

IPOs in the third quarter raised a total of about $94.6 billion, down 26.3% from the second quarter

'Natural' for global bond yields to rise from here, say strategists

"The Fed and markets are pretty close on when the first hike will be. It's the pace of hikes" where there is room for markets to close the gap, said Arjun Vij, portfolio manager of J.P. Morgan Asset

China Evergrande to sell $1.5 bn stake in Shengjing Bank to state firm

Shengjing Bank had demanded that all net proceeds from the disposal be applied to settle the relevant financial liabilities of the group due to Shengjing Bank, Evergrande said.

Country and company: How China and Evergrande ascended together

The property giant's success mirrored the country's transformation from an agrarian economy to one that embraced capitalism. Its struggles offer a glimpse of a new financial future

Investors brace for rough ride as Evergrande faces payment deadline

The company is due on Wednesday to make a $47.5 million bond interest payment on its 9.5% March 2024 dollar bond

China could be heading for power supply crisis after Evergrande shock

Almost half of China's regions missed Beijing's energy consumption targets and are now under pressure to curb power use.

Global trends to steer markets; stocks may face volatility: Analysts

The BSE Sensex made history on Friday by reaching the 60,000-mark for the first time ever.

Sensex sprints to 60,000: Latest 5,000-pt rally comes in record 28 sessions

In the past 18 months, a record number of first-time investors have entered the market