Wall Street futures were pointing modestly higher again while expectations that global stimulus will remain abundant also helped crytocurrency bitcoin get back above $50,000
The Hang Seng Tech Index closed 0.2 per cent lower in Hong Kong after rising as much as 2 per cent in the morning
Companies with sky-high valuations look volatile, as investors are less willing to buy growth at any cost.
Global shares were mostly lower Tuesday as oil prices surged after a meeting of oil producing nations was postponed, with little else guiding trading after the US Independence Day holiday. France's CAC 40 dropped 0.5% in early trading to 6,534.23, while Germany's DAX lost 0.6% to 15,561.04. Britain's FTSE 100 edged down 0.2% to 7,153.81. The future for the Dow industrials inching less than 0.1% lower to 34,663.00. The S&P 500 future lost 0.1% to 4,339.88. Talks among members of the OPEC cartel and allied oil producing countries have broken off in the midst of a standoff with the United Arab Emirates over production levels. No debt has been set for the next meeting. US benchmark crude rose $1.28 to $76.43 a barrel. Brent crude, the international standard, added 24 cents to $77.40 per barrel. With oil prices pushing toward $80 a barrel, that raises the risk of a price war if the conflict escalates, like in March last year, Harpreet Bhal of ActivTrades said in a commentary. Higher ..
On Wall Street, the S&P 500 reached its sixth consecutive all-time closing high on upbeat economic data, and European shares ended higher on a rally in crude prices
Markets have been skittish in recent weeks as bumper supplies of central bank stimulus and rising prices in the United States and other countries fuel concerns some economies could overheat
A person familiar with the fund's trading said the company didn't hold the shares prior to Archegos's implosion
Global stocks hit record highs on Friday, as tech shares on Wall Street cheered receding US inflation fears, with the lack of inflation pressure keeping bond yields near two-week lows
Stocks in Europe reached record highs, buoyed by optimism in Britain over easing lockdown restrictions, while a benign outlook for US interest rates was set to push Wall Street to new heights
Investors, they say, need to keep a tab on how the US treasury yields move, which in turn will have a ripple effect on how big money moves across developed (DMs) and emerging markets (EMs)
Nomura also expects more initial public offerings in India this year, with sentiment buoyed by the post-debut performance of recently listed companies
At a time when many Indian firms are eyeing overseas listing and many SPACs are looking at targets in Asia to offer better deals to shareholders, the SPAC structure offers a win-win solution to both
Japan's Nikkei 225 was down 1.8 per cent while Hong Kong's Hang Seng index futures lost 1.69 per cent
The FTSE Global Equity Index Series introduced changes to its indices last week, which will become effective March 19
But Indian indices slip from record highs in volatile session
The feat comes a day after the Sensex closed above the coveted 50,000-mark. In dollar terms, the market cap is $2.75 trillion-seventh highest globally
Asian shares edged up and were set to end a tumultuous 2020 at record highs, while growing investor hopes for a global economic recovery caused the dollar to fall further against most major currencies
At least 70 per cent of Chinese companies with ties to the Chinese military have affiliates whose securities are included in major stock indices, said State Department
Global shares ticked up on Monday as a source said US President Donald Trump signed into law a $2.3 trillion pandemic aid and spending package he had until now refused to sign
Asian shares scaled a record high on the growing prospect of a large US economic package, while hopes that vaccine rollouts will boost the global economy underpinned investor sentiment