Page 39 - Global Markets

Gold price today at Rs 46,870 per 10 gm, silver trending at Rs 67,500 a kg

In New Delhi, the 22-carat gold is trading at Rs 46,950 per 10 gm, a gain of Rs 100 over yesterday's prices

Global markets follow Wall St higher for second day as virus fears recede

Global stock markets followed Wall Street higher Thursday for a second day as optimism about an economic recovery appeared to outweigh concern over rising coronavirus cases and inflation. Market benchmarks in Frankfurt, Shanghai and Hong Kong advanced. London opened down less than 0.1 per cent. Japanese markets were closed for a holiday. Wall Street futures rose after the S&P 500 index climbed 0.8 per cent overnight. That put it on track for a weekly gain after rebounding from Monday's 1.6 per cent loss. Investors are wavering between optimism about a global recovery and unease that it might be delayed by the spread of the virus's more contagious delta variant. They also worry central bankers might feel pressure to tame rising inflation by rolling back easy credit. The delta variant remains an ever-present downside risk for the markets in the near-term," said Craig Erlam of Oanda in a report, but as long as inflation remains only a temporary problem, it also keeps central bank ...

Warning signs for global recovery as Delta variant dims outlook

Coinciding with a resurgence in the Delta variant of COVID-19, markets may be sending alarm signals about the global economic outlook,

Stocks bounce, bond prices fall across Europe ahead of key ECB meeting

With a key European Central Bank meeting on Thursday expected to convey a dovish tone and provide a further boost, the benchmark STOXX index of the region's 600 largest shares rose 0.5%.

Indonesia's Covid-19 surge has nervy traders recalling India stock rebound

New daily cases climbed to a record 54,517 on Wednesday, higher than India's, while the seven-day moving average jumped to 41,521 from less than 6,000 at the end of May

Stocks, debt yields slip on biggest US inflation hike in 13 years

Stocks on Wall Street at first took the CPI data in stride, bidding up technology stocks that typically thrive with low interest rates

Value trade is just getting started beyond the US stock market

For all the dominance of mega-cap growth names, US stocks led the world during the cyclical upswing in the first half of the year - and that means other regions are now primed for a catch-up

Digital-dollar fad: The Fed isn't obliged to issue electronic currency

The Fed isn't obliged to join China and other central banks in the craze to issue an official electronic currency. Private equivalents may do the job better

European stock markets reach for records as second half starts strong

Early 1% gains in London, Frankfurt, Paris and Milan meant the pan-European STOXX 600 was close to joining Wall Street back at record highs.

Mid-, Smallcaps outperform in first half of 2021; analysts see more upside

Among sectors, the metal index recorded robust performance with S&P BSE Metal and Nifty Metal indexes gaining 63 per cent in H1CY21

The limits of central banking 'toolkit'

The change in the Fed's forecast and a possible shift in policy is perhaps a good time to review how central banks - including the RBI - responded to the crisis, and debate future possibilities

Vaccine economics: Only pros, no cons

Vaccines are an amazing deal. Use the market to deliver more, more quickly

Wall Street rises as Fed, PMI give boost; global share mkts also up

The market is still feeling the aftereffects of the Fed's surprise projection last week for rate hikes as soon as 2023, which knocked stocks

Global stocks sink to four-week low as hawkish Fed shift cuts risk appetite

European stocks opened lower, but the pan-European STOXX 600 index erased early losses to trade flat on the day, helped by a rise in German and Italian shares

Global cues, monsoon, vaccination to drive markets this week: Analysts

Besides, movement of Brent crude, rupee and foreign fund inflows would also be tracked by investors

US Fed prepping the markets for taper; a correction will be good: Analysts

Most Asian market equities - Nikkei, Sensex, Hang Seng and Kospi - lost ground in trade on Thursday as a result of the overnight development

Global stocks lower after US Fed moves up interest rate hike forecast

The Fed indicated it sees the US economy improving faster than expected.

World stocks near record high as investors await dovish Fed Reserve act

Japan's Nikkei rose 0.35% while MSCI's broadest index of Asia-Pacific shares outside Japan was down 0.1%

Global Markets: Stocks hover near record highs as bond yields slide

Investor sentiment rose in Europe after the European Central Bank raised its growth and inflation projections on Thursday, and also renewed a pledge to keep stimulus flowing

Gold prices fall as firmer dollar offsets easing US bond yields

Spot gold was down 0.2% at $1,886.76 per ounce, after rising more than 1% in the previous session