Page 33 - Global Markets

Global stocks follow Wall Street higher as Omicron fears ease

Global stock markets followed Wall Street higher Tuesday as anxiety about the coronavirus's latest variant eased and China reported stronger November trade figures than expected. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. Oil prices rose more than $1 a barrel for a second day. Wall Street futures were higher after the chief White House medical adviser said Monday the omicron variant might be less dangerous. That might allow travel and business restrictions to ease. Reports from South Africa, where omicron first was spotted, that hospitals haven't been overwhelmed is fuelling some optimism among traders who sold earlier, said Yeap Jun Rong of IG in a report. In early trading, the FTSE 100 in London gained 1% to 7,302.61 and Frankfurt's DAX advanced 1.6% to 15,623.97. The CAC 40 in Paris added 1.7% to 6,982.63. On Wall Street, the S&P 500 future was up 1% and that for the Dow Jones Industrial Average advanced 0.8%. On Monday, the S&P 500 rose ...

Will Omicron scare force RBI to maintain the status quo on rates?

Covid-19 variant Omicron is making the global markets uncertain. So, what will the RBI do on Wednesday? Will it keep its gun powder dry, or will it pull the trigger by hiking rates? Let's find out

Top headlines: TaMo to hike CV prices; Centre regrets Nagaland killings

Business Standard brings you the top stories on Monday

Sensex plunges 949pts, Nifty ends 285pts lower; Airtel, RIL, IT shares drag

The broader markets also weakened towards the end of the trade, and the BSE Midcap and Smallcap indices ended with a loss of 1.4 per cent each

Bitcoin plunges over 20% in another sign of global market nerves

The largest digital token fell as low as $42,296 before paring some of the tumble

Equities attempt rebound despite Omicron and Fed tightening bets

LONDON/SYDNEY (Reuters) - European shares opened firmer on Friday, shrugging off weakness in Asia as markets appeared to be slowly accepting the possibility of more COVID-linked activity curbs and an accelerated pace of stimulus tapering by the U.S. Federal Reserve.

World shares mostly higher after broad rally on Wall Street

Stocks were mostly higher in Europe and Asia after a broad rally on Wall Street as investors awaited US employment and other data due out Friday. Concerns over the spread of the new coronavirus variant and measures governments are taking to restrain it remained, but appeared to have been assuaged by reports that its symptoms seem to be mild and vaccines appear to protect against severe illness. Germany's DAX advanced 0.7% to 15,361.76. The CAC 40 in Paris added 0.5% to 6,831.75 and Britain's FTSE 100 picked up 0.3% to 7,147.30. The future for the Dow industrials gained 0.3% while that for the S&P 500 edged 0.1% higher. Chinese ride-hailing service Didi Global Inc said Friday it will pull out of the New York Stock Exchange and shift its listing to Hong Kong as the ruling Communist Party tightens control over tech industries. The Securities and Exchange Commission has moved to require that US-listed foreign stocks like Didi's disclose their ownership structures and audit reports, ..

Sensex gallops 776 pts, Nifty ends above 17,400; HDFC, IT shares lead

The Midcap and Smallcap indices also surged over a per cent each, and advancing shares outnumbered declining stocks in 2:1 ratio the BSE on Thursday

Sensex gains 620 pts, Nifty ends above 17,150; RIL, IT, banks shine

Stock market LIVE: A slew of positive macro economic data coupled with supportive overseas cues helped the markets rally today

Global shares mostly rise despite mounting Omicron variant worries

Global shares were mostly higher Wednesday amid nervous trading due to worries over the newest coronavirus variant. France's CAC 40 edged up 0.5% in early trading to 6,751.87, while Germany's DAX added 0.7% to 15,206.89. Britain's FTSE 100 jumped 1.1% to 7,137.60. U.S. shares were set to drift higher with Dow futures up 0.5% at 34,617.00. S&P 500 futures rose 0.8% to 4,602.50. Japan's benchmark Nikkei 225 rose 0.4% to finish at 27,935.62. South Korea's Kospi jumped 2.1% to 2,899.72. Australia's S&P/ASX 200 dipped 0.3% to 7,235.90. Hong Kong's Hang Seng gained 0.8% to 23,658.92, while the Shanghai Composite added 0.4% to 3,576.89. The detection of the omicron variant in Japan and other countries has raised fears that further measures to contain infections may squelch tourism and other economic activity. Experts say it may take weeks before they better understand whether the omicron variant causes serious illness. Japan banned all foreign visitors starting Tuesday as an ...

Oil slides, yen gains as Omicron worries push investors to safe havens

NEW YORK (Reuters) - Oil prices slid and global stock benchmarks fell Tuesday after a warning from drugmaker Moderna that existing vaccines are unlikely to be effective against the new coronavirus variant pushed investors into safe havens such as Treasury bonds and the yen.

Omicron, found in Europe 11 days ago, jolts markets on vaccine fears

Major European stock markets fell around 1.5% in early trade, Tokyo's Nikkei index closed down 1.6%, crude oil futures shed more than 3%

Investors cling to hope as Omicron variant spreads, shares rebound

NEW YORK/LONDON (Reuters) - A semblance of calm returned to world markets on Monday as investors waited for more details to assess the severity of the Omicron coronavirus variant on the world economy, allowing battered stocks and oil prices to rebound.

Euro slides as Angela Merkel calls for tighter Covid-19 restrictions

London (Reuters) -The euro fell on Monday to trade close to a 16-month low on growing concerns over the impact of new COVID-19 restrictions in Europe, with Austria starting a full lockdown and Germany considering following suit.

European stocks erase earlier gains on Covid-19 case concerns

LONDON (Reuters) - European stocks gave up their early gains and turned lower on Monday as traders weighed the likely impact of fresh European COVID-19 restrictions on economic prospects, while world stocks were set to extend a two-week losing streak.

Euro slides as Austria's fourth national Covid-19 lockdown begins

Austria began its fourth lockdown, the first introduced since vaccines became widely available, shutting Christmas markets, bars, cafes and theatres.

World shares mostly higher as coronavirus lockdowns, inflation loom

Markets opened higher in Europe on Monday after a mixed day of trading in Asia. A resurgence of coronavirus outbreaks has prompted some countries to look to stricter precautions to curb yet another wave of the pandemic. Austria went into a nationwide lockdown early Monday in a desperate effort to contain spiralling infections. The country's chancellor, Alexander Schallenberg, announced last week that Austria will introduce a vaccine mandate as of Feb 1. Tens of thousands of people marched through Brussels on Sunday to protest reinforced COVID-19 restrictions imposed by the Belgian government. The World Health Organisation said last week that Europe was the hot spot of the pandemic right now, the only region in which COVID-19 deaths were rising. Still, markets appeared to be off to a strong start for the week. Germany's DAX edged 0.1% higher to 29,774.11 and the CAC 40 in Paris gained 0.3% to 7,130.80. Britain's FTSE 100 picked up 0.4% to 7,251.02. US futures also pointed to an u

Explainer: What is the SPR, the emergency oil stash Joe Biden may tap?

Such a move may not have a long-term impact on dampening U.S. oil prices that hit a seven-year high above $85 a barrel in late October, analysts say

Sensex vaults 767pts, Nifty ends above 18,100; IT, financial stocks shine

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