Page 43 - Global Markets

Benchmark indices end FY21 with a gain of 70%, most since 2009-10

The rebound, both in FY10 and FY21, followed a painful period for the market and has been underp­inned by aggressive stimulus measures by global central banks

Gold price slides 2% to three-week low on strong US dollar, yields

The dollar index jumped to a more than four-month high, making greenback-denominated gold more expensive for holders of other currencies.

Avoiding a K-shaped global recovery

Political leaders in the developed world must recognise that no one is safe until everyone is safe, and that a healthy global economy is not possible without a strong recovery everywhere

Oil price falls 1% after container ship blocking Suez Canal refloats

Prices also dropped as fuel demand in Europe remained weak after countries renewed lockdowns to curb a new wave of coronavirus infections.

Indian markets among worst performers globally; experts see more pain ahead

Indian markets: A good tactical strategy in the near-term, according to analysts at Antique Stock Broking, is to allocate investible surplus to the Pharma sector as the coronavirus infection rate is o

Global shares and oil slide as sanctions, coronavirus fears strike

Global shares and oil slide as sanctions, coronavirus fears strike

Is global turbulence likely?

The US Fed has learned from the "taper tantrum", and will carefully choreograph words and deeds in the coming years

Sensex snaps 5-session selloff, climbs 642 points; NTPC gains over 4%

Participants shrugged off a spurt in Covid-19 cases in multiple states, though reimposition of localised lockdowns can pose a threat to economic recovery, traders said

India's share of IPOs continues to fall relative to rest of the world

This year is set to be the third consecutive year when India's share of initial public offers (IPOs) has fallen relative to the rest of the world

US Treasury Yields climb as market awaits Federal Reserve statement

The benchmark yield surged to 1.676%, the highest level since February 2020

Global Markets: Stocks keep spirits up before US Fed meets

E-mini futures for the S&P 500 hit a record high before trading flat on the day

A high-pressure growth gamble

Biden administration's mega-stimulus could set off a tug of war between growth and inflation and a churn in the markets

US stimulus effect to be felt beyond its shores

The package takes pandemic-related spending in the US to over $6 trillion since the start of the crisis.

The recovery risks

Economic management in India will remain tricky

Sensex, Nifty rise for third straight day tracking global markets

At the closing bell, the BSE gauge quoted 254.03 points or 0.50 per cent higher at 51,279.51 - taking its three-session gains to 874.19 points or 1.73 per cent

World shares gain ahead of US jobs data, Fed chair comments

Stocks are higher in Europe and Asia after a wobbly day on Wall Street, when the S&P 500 gave back most of its gains from a day earlier. Benchmarks rose Wednesday in Paris, London, Tokyo and Shanghai. US futures also advanced. Investors have taken heart from an easing in bond yields that has alleviated worries over possible interest rate hikes. The yield on the 10-year Treasury inched down to 1.40 per cent early Wednesday. But expectations for stronger economic growth in coming months continue to fuel worries that interest rates will head higher. It feels like we are in the eye of the storm," Stephen Innes of Axi said in a commentary. Investors have recently focused on selling high-priced technology shares but are also watching for policy changes as President Joe Biden's USD 1.9 billion stimulus package heads into the Senate after narrowly passing in the House. How much overheating and inflation will the Biden fiscal stimulus generate remains at the top of virtually every market .

Global stocks, US futures sink after selloff in US Treasury debt eases

Global stock markets and Wall Street futures declined Tuesday after a selloff in US Treasury debt eased, helping to allay concern about a possible rise in interest rates. Tokyo, Shanghai and Hong Kong closed lower and Frankfurt retreated in early trading. London opened higher. Overnight, Wall Street's benchmark S&P 500 index climbed 2.4 per cent, recovering most of its losses from the past week. That came after a Treasury selloff abated after pushing yields to their highest level in a year. That helped to dampen concerns about a possible rise in interest rates and downward pressure on the U. economic recovery. Investors appear to be taking a breather after Monday's recovery, Jeffrey Halley of Oanda said in a report. Also Tuesday, Australia's central bank left its policy unchanged at its March meeting. Meanwhile, Japan reported employment rose despite a state of emergency to cope with renewed coronavirus outbreaks and South Korea reported higher factory output. In early trading,

Japan's Topix hits seven-month high on tech-heavy Nasdaq rebound

The Topix Index jumped 2.04 per cent to 1,894.94, the largest gain since Aug. 11, 2020, while the the Nikkei share average advanced 2.41 per cent to 29,663.50

European stocks rebound on signs from bond market, vaccination-led optimism

The pan-regional STOXX 600 index rose 1.6 per cent by 08:11 GMT following strong gains in Asian stocks

Pharma stocks may hold ground as volatility grips global markets

The Nifty Pharma index was down 1.76 per cent on Friday compared to a 568-point or nearly 3.8 per cent slide in the Nifty50 on weak global cues