The Indian stock market is expected to open on a flat note Monday following mixed global cues. The domestic benchmark equity indices ended lower for the fourth consecutive week, the longest stretch of weekly declines in over a year. A sharp spike in domestic retail inflation, weak industrial production for June, worries over likely another … Read more
The Indian stock market is expected to open lower following weakness in Asian and US markets after hawkish signals from the Federal Reserve. A rise in US treasury yields lowered appetite for risky assets amid concerns that the US central bank can continue to raise interest rates to fight inflation. Signs of economic stress in … Read more
US stock market indices ended higher on Monday led by gains in technology stocks that witnessed their best days in two weeks. The S&P 500 rallied 0.58% to end at 4,489.72 points, while the Nasdaq jumped 1.05% to 13,788.33 points. The Dow Jones Industrial Average ended 0.07% higher at 35,307.63. Rally in S&P 500 and … Read more
Asian markets traded mixed on Friday following overnight losses on Wall Street amid rising bond yields. Japanese stocks declined, while investors elsewhere in the region awaited the Reserve Bank of Australia’s monetary policy statement after the central bank unexpectedly held rates at 4.1% on Tuesday. In the US, data showed the number of Americans filing … Read more
Asian markets declined on Thursday following overnight selloff on Wall Street after Fitch Ratings cut the US government’s credit rating. The credit rating agency Fitch downgraded the United States to AA+ from AAA, citing expected fiscal deterioration over the next three years as well as growing government debt. Meanwhile, private payrolls data in the US … Read more
Asian markets declined on Friday following mixed cues from US stock indices and after the release of Japan’s inflation data. Japan’s core inflation rate, excluding those for fresh food, rose 3.3%, official data showed. The inflation rate is marginally higher than May’s figure of 3.2%. However, this was for the 15th straight month that the … Read more
Asian markets traded higher on Wednesday following overnight rally in US stocks amid better than expected quarterly results from Wall Street. In the US, strong results from banks helped Dow Jones register its seventh-straight session of gains, its longest streak since March 2021. The index closed at its highest level since April. 2022 Data showed … Read more