While it is a crowded trade, ironically, we aren't seeing much new money flowing into it recently, says Vincent Nichols, investment specialist, US and thematic equity, at BNP Paribas Asset Management
Financial tech company Vested cites its 140% growth in AUM to comment on 'remarkable resilience' of Indian investors
Shares rose early Tuesday in Asia after US stock indexes drifted closer to records, while oil prices extended gains. Beijing and Washington dialled back trade friction as the US extended exemptions for tariffs on some Chinese goods, including solar manufacturing equipment, that US industries rely on for their own production. The US Trade Representative extended those exemptions, which were due to expire on May 31, by three months through August 31. Still, China criticised the US on Monday over moves it alleged harmed Chinese interests, including issuing AI chip export control guidelines, stopping the sale of chip design software to China, and planning to revoke Chinese student visas. Hong Kong's Hang Seng gained 1.1% to 23,417.39, while the Shanghai Composite index added 0.3% to 3,356.36. In Tokyo, the Nikkei 225 advanced 0.6% to 37,683.19. South Korean markets were closed for a snap presidential election triggered by the ouster of Yoon Suk Yeol, a conservative who now faces an .
Data from earlier in the week showed US retail sales growth losing steam in April, while consumer prices staged a moderate rebound
At 09:30 a.m. ET, the Dow Jones Industrial Average rose 414.53 points, or 1.02 per cent, to 41,167.49, the S&P 500 gained 54.59 points, or 0.97 per cent
US President Donald Trump on Monday signed an executive order directing the DOJ to halt all prosecutions of Americans accused of bribing foreign officials
The suggestion came out of the blue and underlined the risk of more policy uncertainty and market volatility ahead. Gold hit another record high, driven mostly by a weaker dollar
Meanwhile, global gold demand rose 1% to a record 4,974.5 metric tons in 2024, driven by higher investment and increased central bank purchases in the 4th quarter, according to the World Gold Council
Stock Market Close Highlights, Oct 10, 2024: Kotak Mahindra Bank, JSW Steel, HDFC Bank, Bharat Electronics, and IndusInd Bank were among the 23 constituent stocks of the Nifty50 that ended in the gree
Stock Market LIVE Updates: Indian equity benchmark indices pared their gains from the fresh all-time highs they touched late on Tuesday to close on a mixed note.
European shares slipped, Asia shares fell following an overnight selloff on Wall Street, and U.S. stock futures pointed to a weaker open later in the day.
The recent burst of risk appetite has given the Australian and New Zealand dollars in particular a leg up, with both nudging towards five-month highs on Monday.
Chief among the reasons for the gloomy outlook is a belief that the Fed will continue hiking rates and keep them above neutral longer than markets had anticipated as recently as a week ago
Berkshire nevertheless generated nearly $9.3 billion of operating profit, as gains from reinsurance and the BNSF railroad offset fresh losses at the Geico car insurer
The firm's shares fell 9.5 per cent at 1:13 pm in New York after the announcement
Macy's, Dollar General climb after forecast raise; weekly jobless claims fall, Q1 economic contraction confirmed
At 06:22 a.m. ET, Dow e-minis were down 407 points, or 1.29%, S&P 500 e-minis were down 53 points, or 1.35%, and Nasdaq 100 e-minis were down 169 points, or 1.42%
The Nasdaq 100 fell the most among major benchmarks as growth-related tech stocks sank. Megacaps Apple Inc., Microsoft Corp. and Amazon.com Inc. fell more than 3%
Energy stocks outperform broader market; big banks, travel shares lead declines
Longer-term real rates remain deeply negative in many regions, supporting elevated prices for riskier assets