Asian shares mostly declined Thursday after stock indexes shuffled lower on Wall Street. Japan's benchmark Nikkei 225 dipped 0.7% to 29,490.53 in early trading. Australia's S&P/ASX 200 edged up 0.2% to 7,381.40, while South Korea's Kospi slipped 0.6% to 2,944.52. Hong Kong's Hang Seng dropped 1.7% to 25,227.83. The Shanghai Composite shed 0.5% to 3,520.77. Recent government data have shown the coronavirus pandemic continues to hurt the Japanese economy. A supply crunch in chips and other parts needed to produce autos, a mainstay of the world's third-largest economy, is one reason. The damage to consumer spending brought on by recent government measures to close restaurants early and open theaters to limited crowds is another factor. Japan has never had a lockdown but has called periodically for a state of emergency to curb the spread of infections. Junichi Makino, chief economist for SMBC Nikko Securities, said the Japanese recovery that many initially expected to get started this
The prospects of speedier interest rate hikes from the Federal Reserve and ongoing supply chain disruptions weighed on Wall Street, while oil dropped on concerns of oversupply and dwindling
The Dow Jones Industrial Average rose 28.52 points, or 0.08%, at the open to 36,128.83
Value shares, digital currencies, gold and bets on a flatter yield curve are seen as some of the potential beneficiaries from a higher inflation environment
The S&P 500 gained 15.01 points, or 0.34%, to 4,486.38 and the Nasdaq Composite added 124.47 points, or 0.84%, to 15,021.81
US crude jumped 2.28% to $81.16 per barrel, a level not seen since late 2014, and Brent rallied 1.9% to $83.98
Stocks looked set to hold most of the previous session's gains as investors welcomed the US Senate's temporary lifting of the debt ceiling
The Dow Jones Industrial Average rose 1% to end at 34,760.34 points, while the S&P 500 gained 0.83% to 4,399.82
The Sensex ended the session at 59,299, a gain of 533 points or 0.9 per cent
The latest data from CFTC on asset manager positioning in U.S. equities for all contracts combined fell significantly, its second weekly drop
The Fed is charting a steady course, Joyce Chang, JPMorgan Global Research Chair says in a television interview with Bloomberg
US stocks pared gains, while yields on 10-year Treasuries pushed higher
Stocks rose modestly in morning trading on Wall Street Tuesday, making up some of the ground they lost in a sharp pullback a day earlier. The S&P 500 rose 0.2per cent as of 10:13 a.m. Eastern. The Dow Jones Industrial Average rose 135 points, or 0.4per cent, to 34,099 and the Nasdaq rose 0.2per cent. Health care companies helped lead the broader market higher. Johnson & Johnson rose 1.2per cent after reporting that a booster of its one-shot coronavirus vaccine provides a stronger immune response months after people receive a first dose. Technology companies also made gains in a reversal from Monday, when the sector slumped. The yield on the 10-year Treasury held steady at 1.31per cent. European markets were also higher, and Asian markets mostly rose. Chinese markets remained closed for a holiday. The market sell-off on Monday was prompted in part by worries about heavily indebted Chinese real estate developers and the damage they could do if they default and send ripple ...
Wall Street's main indexes have been hurt this month by fears of potentially higher corporate tax rates denting earnings and have shrugged off signs inflation might have peaked
Apart from diversification, rupee depreciation has helped some global funds post returns of 42-44%
At present, domestic investors can get exposure to foreign stocks through a broker who has a tie-up with an international broker
US stocks and oil prices rebounded as unemployment claims declined and the trade deficit widened, positive economic data in the face of rising Covid-19 cases and signals of declining Fed stimulus
US stocks dropped on Friday to pull further from record highs as an underwhelming earnings report from Amazon.com Inc dampened the market mood
Amazon's warning of slowing growth gave investors a reason to tamper recent market exuberance and cash in profits
At 65, Dimon is the only sitting bank CEO who led a major firm through the financial crisis