Page 4 - Global Stocks

Markets snap 4-day rally; Bharti Airtel slumps 3.05% on profit-booking

Equity benchmarks surrendered early gains to close with losses on Wednesday, snapping their four-day winning streak as investors pared exposure to telecom, realty and tech stocks amid a mixed trend in global markets. Investors were also cautious ahead of the US Federal Reserve's meeting on interest rates, while a depreciating rupee further weighed on sentiment, traders said. After a positive beginning, the 30-share BSE Sensex failed to hold on to the gains and ended 215.26 points or 0.35 per cent lower at 60,906.09. During the day, it slipped 326.96 points or 0.53 per cent to 60,794.39. Similarly, the broader NSE Nifty fell 62.55 points or 0.34 per cent to settle at 18,082.85. Bharti Airtel was the top gainer among the Sensex constituents, spurting 3.05 per cent, followed by Maruti, Hindustan Unilever, Infosys, HCL Technologies, IndusInd Bank and Titan. On the other hand, Sun Pharma, ITC, Tech Mahindra, Dr Reddy's and Reliance Industries were among the gainers. "With the Federal

Buoyant Wall Street boosts world, European stocks; oil prices slide

World and European shares turned higher on Friday as Wall Street extended gains amid hopes of a slowdown in some central banks' rate hikes

Global stocks inch higher on hopes US Fed rate hike plans will ease

Global stock markets mostly gained Wednesday on hopes the Federal Reserve might ease off plans for interest rate hikes, while London opened lower after Britain installed its third prime minister this year amid an economic crisis. Other European markets gained. Shanghai, Tokyo and Sydney closed higher. The euro edged above $1. The future for Wall Street's benchmark S&P 500 index declined after gaining for a third day Wednesday after bond prices rose. That suggested some investors expect the Fed to ease off rate hikes as economic activity cools. Traders see weaker US housing prices and other data as support for a dial back of Fed plans at its December meeting, said Vishnu Varathan of Mizuho Bank in a report. In early trading, the FTSE 100 in London lost 0.2% to 7,001.84 after Prime Minister Rishi Sunak warned Tuesday of a profound economic crisis. The DAX in Frankfurt gained 0.7% to 13,146.40 and the CAC 40 in Paris added 0.4% to 6,274.66. On Wall Street, the S&P 500 future lost

World stocks at 5-week high on slow rate-hike hopes, earnings in spotlight

World stocks scaled a five-week high on Wednesday, lifted by growing hopes that the pace of U.S. interest rate hikes could soon start to slow

European stocks up as investors see signs Fed could slow rate rises

The MSCI world equity index, which tracks shares in 47 countries, was up 0.1% on the day and MSCI's main European Index hit a five-week high, up 0.8% on the day

Dollar shakes off suspected Japan intervention; stocks brace for earnings

US shares were mixed on Monday as European markets were lifted by hopes that US interest rates could rise more slowly

Dollar shakes off suspected Japan intervention; stocks brace for earnings

The dollar weathered another suspected blast of Japanese intervention to rise against the yen on Monday, while European markets got a lift

World stocks slip, upbeat earnings compete with angst over rate increase

World stocks were a touch softer on Wednesday with sentiment caught between upbeat earnings and further signs that strong inflation will keep major central banks firmly in rate-increasing mode

Global stocks surge after Wall Street rebounds from inflation jolt

Global stock markets surged on Friday after Wall Street rebounded from a slump caused by higher-than-forecast inflation numbers. Market benchmarks in London and Paris opened up more than 1 per cent. Tokyo jumped 3.3 per cent for its biggest one-day gain in seven months. Hong Kong and Shanghai also rose. Benchmark US crude rose almost USD 2 per barrel. On Wall Street, the future for the benchmark S and P 500 index was down 0.4 per cent. Wall Street slumped on Thursday after the US consumer price index for September rose 8.2 per cent. But the S and P 500 rebounded to end up 2.6 per cent for its biggest daily gain in 2 1/2 years. The sticker shock of inflation was "shrugged off, possibly because traders already expect another sharp interest rate hike from the Federal Reserve next month to cool surging prices, said Vishnu Varathan of Mizuho Bank in a report. The Fed and central banks in Europe and Asia have raised rates by unusually wide margins this year to contain inflation that is

World stocks head back towards two-year lows as investors' mood sours

There was a modest respite for Britain's battered bond market after the Bank of England said it would start purchasing inflation-linked debt

Global stocks, bonds rally as investors spy possible central bank 'pivot'

A number of factors have helped douse some of the expectations for policymakers to deliver hefty rate hike after rate hike to quell inflation

S&P 500, Dow jump over 2% to kick-start fourth quarter; Tesla down

Tesla down as Q3 deliveries miss market estimates; US factory activity slowest in 2.5 years in Sept; Credit Suisse, Citi cut 2022 year-end target for S&P 500

World shares mostly lower as recession fears deepen amid oil price hike

Shares dropped in Europe and Asia on Monday while oil prices surged more than $3 a barrel amid dire warnings over energy shortages in Europe if Russia cuts off gas supplies. Germany's DAX fell 1% to 11,998.26 while the CAC 40 in Paris shed 1.2% to 5,690.88. Britain's FTSE 100 lost 0.8% to 3,305.79. On Wall Street, the future for the S&P 500 was up 0.2% while the contract for the Dow industrials gained 0.4%. In its quarterly gas report, the Paris-based International Energy Agency said people will have to save at least 13% over the winter if Russia cuts off the last trickle of gas that's flowing to Europe. Europe faces unprecedented risks to its natural gas supplies this winter after Russia cut off most pipeline shipments and could wind up competing with Asia for already scarce and expensive liquid gas that comes by ship, the IEA said. Reports that major oil producers plan further production cuts were also exerting upward pressure on energy prices. U.S. benchmark crude oil gained .

Q4 off to shaky start as world stocks stumble to lowest since 2020

Sentiment across markets remained frail given worries that aggressive interest rate hikes from the likes of the US Federal Reserve raises global recession risks

Global stocks pin hopes of year-end rally on earnings' resilience

The 7% drop came as investors grappled with persistently high inflation, a surging dollar and jumbo interest-rate hikes across the world that threaten to choke economic growth

Wall Street deep in bear market as S&P 500 hits new two-year low

S&P 500 hits lowest since Nov. 2020; rate-sensitive tech, growth stocks give back gains; energy stocks among rare gainers

Global stocks, Wall Street futures lower amid inflation pressure

Global stocks and Wall Street futures fell on Friday after higher-than-expected US inflation dashed hopes the Federal Reserve might back off plans for more interest rate hikes. London and Frankfurt opened lower. Shanghai, Tokyo and Hong Kong retreated. Oil prices declined. Wall Street's benchmark S and P 500 index lost 1.1 per cent on Thursday, adding to declines after August inflation stayed near a four-decade high despite four interest rate hikes this year to slow the economy. On Thursday, US government data showed unemployment claims last week declined while August consumer sales rose. That gives ammunition to Federal Reserve officials who say the economy can tolerate more rate hikes. Wall Street's decline indicates no sign of relief for risk sentiments while the job market data provided the go-ahead for further tightening in monetary policy, Yeap Jun Rong of IG said in a report. In early trading, the FTSE 100 in London lost 0.3 per cent to 7,262.67 and the DAX in Frankfurt she

Stocks rise as tech, growth shares lead; 2-year US yields at 14-year highs

On Wall Street, all three major indexes ended with gains of at least 1%, scoring their first weekly increase in four weeks

Global stocks fall on Fed rate hike bets, yen drops to 24-year low

European stock markets opened in the red on Wednesday after US economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen

Global stocks, US futures rise as Europe wrestles with gas shortages

Global stock markets and Wall Street futures rose Tuesday as Liz Truss prepared to become British prime minister and Europe wrestled with uncertainty about Russian gas supplies. London and Frankfurt opened higher. Shanghai and Tokyo gained. Benchmark US crude rose more than $2 per barrel. The euro edged higher against the dollar. European markets were jolted by Friday's announcement that the suspension of Russian gas supplies through the Nord Stream 1 pipeline would be extended indefinitely. Shortages have pushed up prices and weigh on economic growth. Truss will have to hit the ground running as the U.K. prepares for a brutal winter," Craig Erlam of Oanda said in a report. Noting news reports that Truss plans to freeze energy bills, Erlam said the question is what impact it will have on inflation and gas demand. In early trading, the FTSE 100 in London rose 0.3% to 7,307.22 and Frankfurt's DAX advanced 0.4% to 12,816.01. The CAC 40 in France gained 0.2% to 6,103.77. On Wall Stree