U.K. stocks traded lower on Monday as investors adopted a cautious stance ahead of the year end. A selloff in U.S. shares on Friday weighed on sentiment, heading into the new year. All three major averages sold off Friday, with the tech-heavy Nasdaq Composite falling nearly 1.5 percent, thwarting the seasonal Santa Claus rally. Closer...
Indian shares are likely to open on a sluggish note Tuesday, mirroring weak cues from global markets as investors fret about U.S. President-elect Donald Trumps protectionist policies and the outlook for interest rates. Focus also shifted to tense U.S.-China relations after the U.S. Treasury Department said it was recently hacked by a Chinese state-sponsored actor,...
Indian shares look set to open lower on Wednesday, the first trading session of New Year 2025, due to ongoing concerns about a firmer dollar and elevated U.S. Treasury yields. That said, overall losses may remain capped somewhat after the release of positive macro data. Indias fiscal deficit narrowed to Rs 8.47 lakh crore in...
Indian shares eked out modest gains on Wednesday even as world markets remained shut for the New Year holiday. The benchmark S&P/BSE Sensex ended the first trading day of 2025 up 368.40 points, or 0.41 percent, at 78,507.41. The broader NSE Nifty index ended at 23,742.90, up 98.10 points, or 0.41 percent, from its previous...
Driven by caution ahead of the year-end, the U.S dollar inter alia gained against the euro, the Japanese yen, the Australian dollar, the Canadian dollar as well as the Swiss franc for the week ended December 27. The greenback however edged down against the British pound and the Swedish krona. The six-currency Dollar Index which...
Chicago-area business activity unexpectedly contracted at an accelerated rate in the month of December, according to a report released by MNI Indicators on Monday. MNI Indicators said its Chicago business barometer slid to 36.9 in December from 40.2 in November, with a reading below 50 indicating contraction. Economists had expected the Chicago business barometer to...
A report released by the National Association of Realtors on Monday showed pending home sales in the U.S. surged by much more than expected in the month of November. NAR said its pending home sales index shot up by 2.2 percent to 79.0 in November after jumping by 1.8 percent to 77.3 in October. Economists...
Chinas private sector expanded at the end of the year as fiscal stimulus and loose monetary policy provided a near-term support to growth, official survey results revealed on Tuesday. The manufacturing Purchasing Managers Index dropped to 50.1 in December from 50.3 in the previous month, data published by the National Bureau of Statistics showed. The...
European stocks are likely to open on a sluggish note Tuesday, the last trading day of 2024. Most regional markets are set to close early today for New Year eve and will remain shut on Wednesday. Asian markets traded lower in cautious year-end trading and U.S. stock futures dipped as investors fretted about U.S. President-elect...
Asian stocks fell in thin holiday trade on Tuesday. Volumes were light amid holidays in Japan and South Korea. South Korea was closed for New Years Eve holiday, while Japanese markets remain closed from Tuesday through Jan. 6. Markets in Australia, New Zealand, Singapore and Hong Kong all closed early on New Years Eve. The...