Page 30 - Global Markets

World share prices sink as coronavirus, war trump strong China data

World share prices have fallen, with Hong Kong down almost 6% and Shanghai sinking 5% as virus lockdowns and rising numbers of COVID cases in China threaten to disrupt manufacturing and trade. The sell-off gathered pace late in the session despite the release of data showing strong increases in Chinese retail sales, industrial production and investment in January-February. It followed a decision by China's central bank not to ease interest rates to spur economic growth. Prices of oil and other commodities slid as Russian forces pounded the Ukraine capital ahead of another round of talks between the two sides. Germany's DAX lost 2.3% to 13,612.44 and the CAC 40 in Paris was also 2.3% lower at 6,223.67. Britain's FTSE 100 declined 1.5% to 7,088.89. The futures for the S&P 500 and Dow industrials were down 0.7%. Anxiety over the war in Ukraine and an upcoming Federal Reserve meeting on interest rates is keeping markets on edge. Uncertainty about whether persistently high inflation

Global share markets fall as US inflation hits nearly 8%, ECB moves

Global share markets slid on Thursday as U.S. inflation hit almost 8%, making it almost certain the U.S. Federal Reserve will raise interest rates next week

Gold resumes advance as Russia-Ukraine talks re-ignited a shift

A rush to safe-haven assets earlier this week due to the Ukraine crisis powered gold prices to near record levels hit in August 2020.

Global market can't dictate Indonesia palm policy: Trade Minister

Indonesia's palm oil price should not be dictated by external market, its trade minister said, backing his decision to expand palm oil export curbs at time of surging global prices from supply crunch

Euro rallies ahead of ECB meet, Poland's zloty and Hungary's forint surge

Sterling rose 0.4% against the dollar to $1.3148, Poland's zloty jumped 1.8% against the greenback to 4.3808 and Hungary's forint surged 2.8% to 345.80.

Euro edges up 0.5% against the dollar ahead of ECB meeting

Other European currencies such as Poland's zloty and Hungary's forint rebounded from record lows against the euro, both supported also by their central banks' sharp interest rate hikes on Tuesday.

Most global indices are near bear territory. Will the Sensex, Nifty follow?

Empirical analysis of past 17 market corrections in excess of 10 per cent, according Antique Stock Broking, suggests that market recoveries are swift with entire losses getting recouped in 3-6 months

Dollar loses steam, euro steadies as oil backs off in volatile day

By David Henry and Saikat Chatterjee

Rupee plummets 76 paise to 76.93/USD as oil soars amid Ukraine crisis

The rupee tanked 84 paise to close at its lifetime low of 77.01 (provisional) against the US dollar on Monday as intensifying geopolitical risks

Japan's Nikkei slips to 15-month low as Russia Ukraine crisis intensifies

Japan's Nikkei index hit a 15-month low on Friday as global markets remain on edge following reports of Europe's largest nuclear power plant set on fire amid an intensifying war between Ukraine-Russia

Within days, Russia's war on Ukraine squeezes the global economy

Ocean rates may double or triple to $30K/ container & air freight costs are set to jump even higher

Russian stocks listed abroad plunge as much as 74%with Moex shut still

The largest US-listed ETF tracking Russian equities, VanEck Russia ETF, fell 12 per cent in premarket trading after cratering 30 per cent

Commodities up as Russia's nuke alert, West's sanctions spur supply worries

Oil, grains rise; aluminium at record high, nickel up on Russian supply worries, fears of food inflation as wheat, corn, edible oil prices rally

Financial markets trying to discount changing news flow: Rabobank Intl

The accommodative RBI policy, combined with fiscal stimulus and (further) increase in energy commodities, particularly oil, increases the odds of high inflation, say Lambregts and Eijkelenburg

Statsguru: How Russia-Ukraine conflict is impacting global markets

Financial markets, too, have felt ripples of the event

US didn't cut off Russia from SWIFT to prevent unwanted consequences

SWIFT is a global cooperative of financial institutions that began in 1973

World shares up, US futures sink as Russia moves toward Ukraine capital

World shares advanced Friday but US futures were lower as Russian troops pressed toward the capital of Ukraine.

Stocks extend sell-off as US warns of imminent Russian invasion of Ukraine

The crisis deepened this week after Russian President Vladimir Putin dispatched troops into parts of Ukraine, triggering sanctions from Western countries.

World markets have not broken sweat since Russian escalation: Here's why

Yet as the world braces for a possible war in Ukraine, we still know relatively little about the interplay between conflicts and financial markets

World stocks bounce as investors eye Putin's next steps in Ukraine

Global stocks broke a four-day slide and demand for safe-haven assets waned on Wednesday