Indian shares opened on a sluggish note Monday as caution crept in ahead of the Federal Reserves interest-rate decision due this week. The benchmark S&P/BSE Sensex dropped 165 points, or 0.2 percent, to 81,968 in early trade while the broader NSE Nifty index was down 41 points, or 0.2 percent, at 24,727. Tech Mahindra, Sun...
French stocks traded lower on Monday, with banks leading losses after Moodys unexpectedly downgraded Frances credit rating to Aa3 from Aa2. Political fragmentation means there is a very low probability of reducing the ballooning fiscal deficit, the ratings agency said just hours after President Emmanuel Macron named centrist François Bayrou as his fourth prime minister...
Indias private sector grew the most in four months in December as there were quicker increases in output at both manufacturers and service providers, flash data compiled by S&P Global showed on Monday. The HSBC composite output index registered 60.7 in December, up from 58.6 in November. A score above 50.0 indicates expansion. The manufacturing...
U.K. stocks edged lower on Monday and the pound traded higher ahead of the flash PMI data due later in the day. The Bank of England meets on Dec. 19, with analysts predicting no change in interest rates. The benchmark FTSE 100 was down 15 points, or 0.2 percent, at 8,285 after closing 0.1 percent...
European stocks edged lower on Monday after credit ratings agency Moodys unexpectedly downgraded Frances rating, adding to pressure on the nations borrowing costs and raising doubts over whether a new government can mend the deteriorating financial situation. There was some cheer on the data front as a survey showed the decline in eurozone business activity...
Frances private sector contracted for the fourth straight month in December as both manufacturers and services providers registered declines in output, flash survey results from S&P Global showed on Monday. The HCOB composite output index posted 46.7 in December, up from 45.9 in November. A reading below 50 indicates contraction. The index signaled an extension...
Indian shares ended modestly lower on Monday, mirroring muted cues from overseas markets as investors eagerly looked forward to Wednesdays FOMC meeting. A 25-bps rate cut is already priced in by markets, but traders will pay close attention to the updated policy statement and Fed Chair Jerome Powells press conference for clues on future interest...
Germanys private sector continued to shrink in December albeit the pace of contraction softened on a slight rebound in services activity, flash data from S&P Global showed Monday. The HCOB composite output index registered 47.8 in December, up from Novembers nine-month low of 47.2. However, the reading is still below the 50.0 threshold that separates...
Australias markets regulator sued the Australian unit of British lending major HSBC Holdings Plc for allegedly failing to adequately protect customers from scams. As per the documents filed by the Australian Securities and Investments Commission or ASIC, HSBC Bank of Australia Ltd. or HSBC Australia failed to properly protect customers scammed out of millions of...
The British pound strengthened against other major currencies in the European session on Monday, after data showed that the U.K. private sector activity advanced at a steady pace in December. Data from S&P Global showed that the U.K. Purchasing Managers Index (PMI) posted 50.5, unchanged from November. The economists had expected the index to improve...