European stocks closed weak on Friday as the euphoria over the Federal Reserves jumbo interest-rate cut faded a bit, and investors shifted their focus to the latest economic data and the developments on the geopolitical front. Automobile stocks declined sharply. Shares of luxury goods manufacturers also traded weak. The pan European Stoxx 600 dropped 1.42%....
The U.S. dollar gained some ground against its major counterparts on Friday, as bond yields moved higher, and stocks eased amid rising tensions in the Middle East. However, prospects of more reductions in interest rate in coming months limited the greenbacks upside. Meanwhile, Federal Reserve Governor Michelle Bowman said cutting interest rates by a half...
After an early setback, the Canadian market recovered gradually in cautious trade on Friday and eventually ended the days session with a slender gain. Investors digested the nations retail sales, and producer & raw materials prices reports, and largely made stock specific moves. The benchmark S&P/TSX Composite Index, which dropped to 23,740.37 in early trades,...
The Thai stock market on Wednesday ended the four-day winning streak in which it had gained more than 20 points or 1.5 percent. The Stock Exchange of Thailand now sits just above the 1,435-point plateau and its likely to open to the downside again on Thursday. The global forecast for the Asian markets is negative...
Extending the gains in the previous session, the Japanese market is sharply higher on Thursday, despite the broadly negative cues from Wall Street overnight. The Nikkei 225 is moving a tad above the 37,300 level, with gains across most sectors led by index heavyweights, financial and technology stocks. The benchmark Nikkei 225 Index is up...
Indian shares look set to open on a positive note Thursday after the U.S. Federal Reserve decided to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. That said, investors remain concerned whether the Fed has waited too long to begin cutting rates and overshot...
Asian stock markets are trading mostly higher on Thursday, despite the broadly negative cues from Wall Street overnight, as the markets react to the US Feds decision to lower interest rates for the first time in over four years, aggressively slashing rates by half a percentage point. Fed officials also suggested the central bank will...
Indian shares opened on a buoyant note Thursday after the U.S. Federal Reserve announced a whopping 50 bps rate cut and signaled further policy easing to keep the labor market from slowing too much. The benchmark S&P/BSE Sensex jumped 533 points, or 0.6 percent, to 83,481 in early trade while the broader NSE Nifty index...
European stocks may open on a buoyant note Thursday after the U.S. Federal Reserve kicked off an anticipated series of interest rate cuts with a larger-than-usual half-percentage-point reduction, expressing greater confidence about inflation and reiterating its commitment to supporting maximum employment. The focus now shifts to a Bank of England (BoE) policy meeting later today,...
The British pound strengthened against other major currencies in the European session on Thursday, after the Bank of England decided to maintain its benchmark rate, after a quarter-point cut last month and also extended its bond reduction plan for another one year. The Monetary Policy Committee headed by Andrew Bailey voted by a majority of...