Global stocks and Wall Street futures rose Wednesday as investors waited for US inflation data for signs of how fast the Federal Reserve might pull back stimulus. London and Frankfurt opened higher. Shanghai, Tokyo and Hong Kong advanced. US inflation data on Thursday are expected to show inflation rose to a four-decade high of 7.3 per cent in January, adding to pressure to control prices. Traders expect the Fed to hike rates at least four times this year, starting next month. Wall Street's rebound "suggests an attempt by the equity bulls to regain some control," Yeap Jun Rong of IG said in a report. Much will depend on the upcoming US inflation data to ease some concerns about tightening ahead. In early trading, the FTSE 100 in London rose 0.6 per cent to 7,612.25 and the DAX in Frankfurt added 0.7 per cent to 15,359.40. The CAC 40 in Paris advanced 0.9 per cent to 7,095.45. On Wall Street, the future for the benchmark S&P 500 index was up 0.3 per cent. That for the Dow Jones ...
Total infections in Australia continued to surge, with over half a million cases reported over the last week, straining the country's healthcare infrastructure and supply chains
WASHINGTON (Reuters) - Major global stock indexes closed mixed on Wednesday as uncertainty over the surge in Omicron variant infections tempered optimism that harsh new curbs on business and travel may not be needed.
Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety
Asset classes from oil to equities have clawed back losses from late November, when the Omicron variant of COVID-19 sent investors scurrying for safety
Global stock markets rose on Monday and oil prices eased as investors hailed strong U.S. holiday season sales
"Markets will continue to see volatility and whipsaw-like movements as they respond to Omicron-related development and the monthly expiry," said Yesha Shah, Head of Equity Research, Samco Securities.
Investors became poorer by Rs 11,23,010.78 crore in two days as domestic equity market continued to face severe drubbing amid a global selloff
The U.S. Federal Reserve is expected to signal a faster wind-down of asset purchases, which could move it one step closer to raising interest rates
The S&P 500 was down 86.05 points, or 1.83%, at 4,615.41 and the Nasdaq Composite was down 214.71 points, or 1.36%, at 15,630.52
The US Securities and Exchange Commission is separately weighing a ban on payment for order flow, in which trading firms pay retail brokerages to execute their trades
A virtually uninterrupted march higher in the major indexes has pushed volume in the day trader flier-of-choice, bullish call contracts, to some of the highest levels in history
While rising power prices hurt all users, it is particularly acute for energy-intensive materials and metal companies.
Evergrande owes $305 billion, has run short of cash, and investors are worried a collapse could pose systemic risks to China's financial system and reverberate around the world
The outlook for global growth and profits in September slumped to the lowest in more than a year, according to the survey conducted September 3 to September 9
Global shares posted their longest winning streak in three months on Monday, aided by hopes US interest rates would stay low for longer and talk of more stimulus in Japan and China
Wall Street futures were pointing modestly higher again while expectations that global stimulus will remain abundant also helped crytocurrency bitcoin get back above $50,000
The Hang Seng Tech Index closed 0.2 per cent lower in Hong Kong after rising as much as 2 per cent in the morning
Companies with sky-high valuations look volatile, as investors are less willing to buy growth at any cost.
Global shares were mostly lower Tuesday as oil prices surged after a meeting of oil producing nations was postponed, with little else guiding trading after the US Independence Day holiday. France's CAC 40 dropped 0.5% in early trading to 6,534.23, while Germany's DAX lost 0.6% to 15,561.04. Britain's FTSE 100 edged down 0.2% to 7,153.81. The future for the Dow industrials inching less than 0.1% lower to 34,663.00. The S&P 500 future lost 0.1% to 4,339.88. Talks among members of the OPEC cartel and allied oil producing countries have broken off in the midst of a standoff with the United Arab Emirates over production levels. No debt has been set for the next meeting. US benchmark crude rose $1.28 to $76.43 a barrel. Brent crude, the international standard, added 24 cents to $77.40 per barrel. With oil prices pushing toward $80 a barrel, that raises the risk of a price war if the conflict escalates, like in March last year, Harpreet Bhal of ActivTrades said in a commentary. Higher ..