Indian shares were moving in a narrow range on Friday despite positive cues from global markets after the Federal Reserve and the Bank of England cut interest rates as expected. The benchmark S&P/BSE Sensex was little changed at 79,492, recouping some earlier losses. The broader NSE Nifty index was down 19 points at 24,180. Lupin,...
European stocks may edge higher at open on Friday as investors await details of Chinas forthcoming stimulus at the conclusion of a week-long session of Chinas top legislative body, the National Peoples Congress (NPC) Standing Committee, later in the day. Possible measures may include support for local government debt and consumer spending. The U.S. economic...
Preliminary data released by the University of Michigan on Friday showed consumer sentiment has improved by more than expected in the month of November. The University of Michigan said its consumer sentiment index climbed to 73.0 in November from 70.5 in October. Economists had expected the index to inch up to 71.0. With the bigger...
After opening on a weak note, the Canadian market is languishing in negative territory a little past noon on Friday, with energy and materials stocks reeling under selling pressure due to falling commodity prices. Investors are also digesting the nations employment data, and reacting to a slew of corporate earnings updates. The benchmark S&P/TSX Composite...
The U.S. dollar strengthened against its major counterparts in the New York session on Friday on hopes that policies under incoming President Donald Trump would spur economic growth and inflation. Trump has proposed tax cuts and tariffs on imported goods in his election campaign. Trumps fiscal policies will elevate upside risks to inflation and push...
European stocks closed weak on Friday with investors reacting to corporate earnings announcements, and assessing the Bank of England and the Federal Reserves interest rate decisions. Weak commodity prices, geopolitical tensions, and the likely impact of Donald Trumps protectionist policies on global economy weighed on sentiment. Political turmoil in Germany hurt as well. Germanys opposition...
The U.S. dollar extended gains against most of its major counterparts on Friday amid bets interest rates will stay mostly higher during the upcoming term of Donald Trump as his policies are likely to elevate upside risks to inflation and push rates higher. Trump has proposed tax cuts and tariffs on imported goods in his...
The Canadian market ended lower on Friday as energy and materials stocks fell on weak commodity prices as the U.S. dollar climbed higher on bets the Federal Reserve will be less aggressive with regard to rate cuts during Donald Trumps second term. Industrials shares were among the other notable losers, while a few stocks from...
Indian shares look set to open lower on Thursday as investors weigh the implications of Donald Trumps return to presidency. U.S. Republicans are projected to retake control of the Senate for the first time in four years, but control of the House remains up for grabs. It is feared the global economy may face potentially...
European stocks may open on a mixed note Thursday amid concerns that Donald Trumps America First policy may revive trade tussle over tariffs. Trump has already floated the idea of a 10 percent or more tariff on all goods imported into the U.S., a move that could lead to global economic instability and lead to...