More hot jobs data on Friday drove the benchmark for world borrowing costs, the 10-year US Treasury yield, to its highest level in two years
(Reuters) - Gold prices eased ahead of key central bank meetings on Thursday as the U.S. dollar and Treasury yields strengthened a day after dismal private payrolls data sent bullion prices to one-week highs.
Investors also shrugged off the pace of central banks' interest rate hikes.
Market pricing now suggests a more than 90% chance of at least four Fed rate hikes by the end of the year and a 67% chance of at least five.
MSCI's 50-country main world index is now down over 8.1% for the month, which will be its worst January since the 2008 global financial crisis year.
Strong earnings from Apple provided some encouragement for battered tech and US markets, but traders were struggling to draw a line under a global selloff that has now firmly taken root
Bargain buying in banking and auto counters amid better-than-expected Q3 results by Axis Bank and Maruti Suzuki pushed the index 367 points higher at 57,858 level at close
The past week shows investors need to be prepared for violent swings
The Nasdaq 100 tumbled 7.5% this week as what started as an aggressive selloff in speculative corners spread to the rest of the market.
More than $1.7 trillion in value has been erased from the Nasdaq 100 in January, with the tech-heavy gauge entering a correction this week after falling more than 10% from a recent peak
Shares were lower in Asia on Friday after a late afternoon sell-off wiped out gains for stocks on Wall Street.
Investors' wealth on Tuesday tumbled by more than Rs 3.78 lakh crore as equities faced heavy selling pressure following weak global trends.
Brent crude was down 4 cents, or 0.1%, to $86.02 a barrel by 0953 GMT. Earlier in the session, the contract touched its highest since Oct. 3, 2018 at $86.71
A holiday in the United States made for thin trading, but that did not stop Treasury futures from sliding further and Brent crude hitting a three-year top of $86.71 a barrel
The tech-heavy Nasdaq Composite Index closed up 1.4% on Tuesday, a day after falling more than 10% from its Nov. 19 record close during intraday trading before rallying at the end of the session
The broader markets were quiet today with the BSE MidCap and SmallCap indices ending little changed
Major share markets were muted on Monday as investors count down to another US inflation reading that could well set the seal on an early rate hike from the Federal Reserve
The US bond market has given up all gains it made from the ultra-low interest rate policy initiated by the Fed after the Covid-19 pandemic break-out in early March 2020
Global shares were mostly higher Tuesday despite worries about rising numbers of coronavirus cases. France's CAC 40 added 0.7 per cent in early trading to 7,266.59, while Germany's DAX edged up 0.3 per cent to 16,064.91. Britain's FTSE 100 gained 1.2 per cent to 7,475.46. The future contract for the Dow industrials was 0.2 per cent higher and the contract for the S&P 500 also gained 0.2 per cent. Japan's benchmark Nikkei 225 jumped 1.8 per cent to 29,301.79 in Tokyo's first trading day of 2022. Shares also rose in Australia, South Korea and Hong Kong, but edged lower in Shanghai. Toyota Motor Corp. gained 6.1 per cent, while Sony Corp. added 3.4 per cent. Finance Minister Shunichi Suzuki and other dignitaries rang a bell at the Tokyo Stock Exchange to herald the opening of trading. At the smaller exchange in Osaka, in western Japan, women carried on the tradition of attending the year's opening ceremony in colorful kimono. Troubled Chinese developer Evergrande announced it had .
While the price of most newly issued stocks has risen since their IPOs, the benchmark gauge of developing-economy stocks just wrapped up its worst year since 2018