Page 9 - Global Stock Market

Equities turn unattractive for Credit Suisse; cuts rating to underweight

Markets, Credit Suisse said, had factored in excessive hope and not enough economic realities ahead of the Jackson Hole Symposium

Amid global selloff, markets see intraday wild swings, Sensex down1,015 pts

The benchmark Sensex opened gap-down 827 points (down 1.4 per cent), then went on to fall -1,015 points, or 1.7 per cent over its previous day's close

Stocks slide, dollar cuts losses as Fed's Powell warns of economic pain

"Reducing inflation is likely to require a sustained period of below-trend growth. Moreover, there will very likely be some softening of labor market conditions," Powell said.

Global stocks mixed as Nancy Pelosi's visit to Taiwan irks Beijing

Global stock markets were mixed Wednesday as traders watched for potential economic impact from the visit to Taiwan by Nancy Pelosi, speaker of the US House of Representatives. London and Shanghai fell. Frankfurt, Tokyo and Hong Kong gained. Oil prices declined. China, which claims self-ruled Taiwan as part of its territory, banned imports of Taiwanese citrus fruits and frozen fish in retaliation for Pelosi's visit. But it has avoided disrupting the flow of processor chips and other industrial goods, a step that could jolt the global economy. The real show of force by China is still to come, said Clifford Bennett of ACY Securities in a report. In early trading, the FTSE 100 in London lost 0.2% 7,392.56 while the DAX in Frankfurt gained less than 0.1% to 13,454.28. The CAC 40 in Paris edged 0.1% higher to 6,417.52. On Wall Street, the future for the benchmark S&P 500 index was up 0.2% and that for the Dow Jones Industrial Average was 0.3% higher. On Tuesday, the S&P 500 lost ...

Global stocks, oil prices higher before likely US Fed rate hike

Major global stock markets and Wall Street futures advanced on Wednesday as traders prepared for a possible sharp interest rate hike by the Federal Reserve to cool surging inflation. London and Frankfurt opened higher. Tokyo and Sydney gained while Shanghai declined. Oil prices rose. The Fed on Wednesday is expected to announce an increase of up to three-quarters of a percentage point in its benchmark interest rate, triple its usual margin. Investors worry such aggressive action by the Fed and other central banks in Europe and Asia to control inflation that is at multi-decade highs might derail global economic growth. The main risk at this stage is in fact an inflation overkill' with monetary tightening too abrupt, unnecessarily pushing up the unemployment rate, Thomas Costerg of Pictet Wealth Management said in a report. Costerg said most economic indicators and lower commodity prices already point to slower inflation ahead. In early trading, the FTSE 100 in London rose 0.5 per

World shares mostly lower as Covid outbreak, recession fears loom

US futures and oil prices declined, while Japan's benchmark rallied after the ruling Liberal Democratic Party garnered a landslide parliamentary election victory

Asian stocks outside China see greater outflow than previous market crises

Global funds offloaded a net $40 billion of equities across seven regional markets last quarter, exceeding any three-month period characterised by systemic stresses since 2007

Markets unlikely to bottom out soon amid recession fears: Nomura

As regards valuations, Nomura believes stocks have largely (if not fully) priced in expectations of higher policy/discount rates. They expect the markets to remain choppy in the near-term

Global shares trade lower ahead of US' first quarter economic growth report

Shares slipped Wednesday in Europe and Asia ahead of the latest update on US economic growth, while oil prices were lower. The Commerce Department was due to release a report on first-quarter gross domestic product later in the day. Investors worried by uncertainty over inflation, rising interest rates and the potential for a recession also were awaiting remarks by central bank leaders including Fed Chair Jerome Powell. Germany's DAX lost 1.2 per cent to 13,071.73, while the CAC 40 in Paris was almost unchanged at 6,049.31. Britain's FTSE 100 shed 0.5 per cent to 7,287.26. The futures for the Dow industrials and S&P 500 were up 0.1 per cent. On Tuesday, the S&P 500 fell 2 per cent, the Dow Jones Industrial Average fell 1.6 per cent, and the Nasdaq fell 3 per cent after a survey showed weaker than expected consumer confidence in the US, mainly due to surging prices. A weaker-than-expected US consumer confidence reading highlighted worsening consumer expectations due to ...

Wall St poised to clinch bear market as S&P 500 tumbles over 20% in 2022

It would be the first time the S&P 500 has confirmed a bear market since the 2020 Wall Street plunge brought on by the Covid pandemic

Inflation fears grip markets as global bonds, stocks extend selloff

Inflation rate has caused a stir throughout global markets leading to extended selloff of stocks and government bonds

Global investment banking faces tougher times after blockbuster year

Russia's invasion of Ukraine and significant monetary tightening have led to volatile trading in financial markets this year

Global stock markets fall, US yields rise after strong employment data

The MSCI world equity index, which tracks shares in 50 countries, was down 1.14%. The pan-European STOXX 600 index was down 0.26%.

Dollar resumes slide as global stock markets tentatively pick up

The dollar index - which tracks the greenback against six major rivals - is on track for its first monthly drop in five, as the safe haven currency loses steam after a breakneck start to the year.

After FII, will retail investor flows into equity market also shrink?

Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag

Global stocks rebound as unease over economy continues; dollar gains

NEW YORK (Reuters) - Global equity markets rebounded after the S&P 500 pared losses that briefly took it into bear market territory, and the dollar gained on Friday, as investor unease about Federal Reserve policy tightening to curb inflation kindled fears of a recession.

Global stocks mixed after US retail data offset Fed rate hike fears

Global stock markets were mixed and Wall Street futures were lower Wednesday after positive US retail sales data helped to offset concern the Federal Reserve might consider more rate hikes to cool inflation. London and Frankfurt opened lower. Tokyo and Seoul advanced, while Shanghai declined. Oil prices rose more $1 to stay above $110 per barrel. On Wall Street, the future for the S&P 500 index was down 0.4% after the market benchmark rose by 2% on Tuesday. That came after positive US retail sales data helped to offset worries about inflation and rate hikes. The Fed will have to consider moving more aggressively if inflation that is running at a four-decade high fails to ease after earlier rate hikes, chair Jerome Powell said at a Wall Street Journal conference. Expectations of rate hikes ticked higher due to Powell's comments, but markets are shrugging it off and are in need of a breather after a selloff, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in ...

Asian, EMs entering the late stages of a bear market: Morgan Stanley

Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar

Equity markets are headed towards a bear phase: Mark Matthews, Julius Baer

Business Standard's Puneet Wadhwa speaks to Mark Matthews, head of research for Asia at Julius Baer to get his views on the road ahead for global equity markets as they adjust to rising interest rates

Is the US Fed rate hike always bad for equity markets? What analysts say

While the general consensus is of 6-7 rate hikes this year by the US Fed, there are some who expect lower rate hikes and a slowdown in the economy