Page 34 - Global Markets

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

In the primary market, Latent View Analytics IPO witnessed frenzied demand, and was subscribed over 305 times with strong demand from non-institutional investors

Who is your competition?

Marketing Myopia: When Nirma was rising rapidly, grabbing a huge share of the middle-class washing market, HUL did not see it as real competition

Sensex, Nifty end with marginal losses; M&M rallies 5% post Q2 results

Among sectors, the BSE Auto index jumped 1.3 per cent. The Capital Goods, Energy and Oil & Gas indices were also up around a per cent each. The Metal index, however, was down 0.8 per cent

Markets in Samvat 2078: The biggest themes and drivers for New Year

After a stellar liquidity-driven run in Samvat 2077, how should we expect the markets to behave in Samvat 2078? What will be the broader driving themes, and what will be the risks? Let's take a look

Global stocks rise as Fed tapers without tantrums, BoE takes the stage

Anxious eyes now turn to the Bank of England, which may kick off a rate hike cycle later in the day with uncertain implications for debt markets globally.

Global shares up after Fed says economic aid will wind down

Global shares rose Thursday, boosted by the U.S. Federal Reserve's announcement that it will begin winding down the extraordinary aid for the economy it has been providing since the early days of the pandemic. France's CAC 40 added 0.5% in early trading to 6,984.21, while Germany's DAX rose 0.5% to 16,035.43. Britain's FTSE 100 edged up 0.3% to 7,270.02. U.S. shares were set to drift higher, with Dow futures inching up nearly 0.1% to 36,054.00. S&P 500 futures were also higher at 4,661.25, up 0.2%. Japan's benchmark Nikkei 225 gained 0.9% to finish at 29,794.37. South Korea's Kospi added 0.3% to 2,983.22. Australia's S&P/ASX 200 edged up 0.5% to 7,428.00. Hong Kong's Hang Seng added 0.8% to 25,225.19, while the Shanghai Composite rose 0.8% to 3,526.87. Analysts said the signs from the Fed continued to be dovish, as well as hawkish, reassuring global markets that interest rates weren't going to be raised for some time. We got a dowkish' Fed move, was the way RaboResearch ...

Markets Today: Will US Fed announce a tapering despite weak GDP numbers?

Will Fed chair Jerome Powell pull start reducing monetary supply even though GDP numbers for the September quarter were weak and inflation remains sticky?

Five things to know about Barclays' new Chief Executive C S Venkatakrishnan

C S Venkatakrishnan, widely known as Venkat, was previously the head of Global Markets

Global stocks fall, gold gains as US economic growth slows sharply

The MSCI All World Stock Index was down 0.06% at 741.31 points, barely below its lifetime high of 749.16 points hit last month

Global shares decline after Evergrande sale deal called off

Global shares were mostly lower Thursday, after major Chinese property developer Evergrande said a plan to sell its property management arm to a smaller rival had fallen through. France's CAC 40 shed 0.4% in early trading to 6,679.78, while Germany's DAX fell 0.2% to 15,498.69. Britain's FTSE 100 dipped 0.4% to 7,198.09. US shares were set to drift lower with Dow futures down 0.3% at 35,375.00. S&P 500 futures slipped 0.3% to 4,516.75. China Evergrande Group's shares tumbled 12.5% while shares in Evergrande Property Services slipped 8%. In a notice to the Hong Kong exchange Evergrande said it was having difficulties selling off assets to resolve its cash crunch. Hopson Development Holdings' shares rose 12.4% after it said was unable to complete the purchase. Trading of shares in all three companies was suspended pending a resolution of the transaction. Hong Kong's Hang Seng index lost 0.5% to 26,017.53, while the Shanghai Composite index gained 0.2% to 3,594.78. Some verbal ...

Changing economic order

India needs to do more to tap global markets

Inflation data, global trends to guide markets this week: Analysts

Inflation data and global trends would be the major driving factors for the equity markets this week which after a record-breaking run took a breather in recent trades, analysts said. The overall market sentiment remains positive, supported by improving economic data and earnings but higher valuations can trigger bouts of profit booking, they said further. During the last week, which the 30-share BSE benchmark rose by 175.12 points or 0.30 per cent. "Global cues will continue to impact our market's behaviour and there are some macroeconomic data lined up this week like China's industrial production, US inflation numbers. On the domestic front, wholesale price index (WPI) inflation for August 2021 is due on 14 September," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd also said that global cues would be actively tracked as fear of economic slowdown looms while Delta variant cases continue