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Sensex, Nifty Tumble On Growth Worries; Technology Stocks Drifting Lower
Indian shares are languishing in negative territory Friday morning after opening on a weak note amid concerns the Federal Reserve's moves to tame inflation through aggressive rate hikes might result in the world's largest economy falling into a recession.
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Pred 957 dňami
China Industrial Output, Retail Sales Growth Tops Expectations
China's industrial output grew more than expected in August as companies ramped up production following the relaxation of pandemic-related restrictions and the pent-up demand boosted retail sales, official data showed Friday. Industrial production growth accelerated to 4.2 percent from 3.8 percent in July, the National Bureau of Statistics said. Output was forecast to climb again by 3.8 percent.
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Pred 957 dňami
European Economics Preview: UK Retail Sales Data Due
Retail sales from the UK and final inflation data from the euro area are due on Friday, headlining a light day for the European economic news. At 2.00 am ET, the Office for National Statistics releases UK retail sales for August. Sales are forecast to fall 0.5 percent on month, in contrast to the 0.3 percent rise in July.
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Pred 957 dňami
Asian Markets Mostly Lower On Wall Street Cues
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from Wall Street overnight, as weak crude oil and bullion prices weigh on energy and materials stocks. Traders also pause to assess the impact of the proposed aggressive interest rate hikes by global central banks in their bid to reign in surging inflation. Asian markets ended mixed on Thursday.
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Pred 957 dňami
Indian Shares Likely To Open Lower On Weak Global Cues
Lower SGX Nifty points to a negative start for Indian shares Friday morning. Weakness in Asian markets and the overnight lower close on Wall Street amid concerns over rate hikes and slowing growth are also expected to weigh on Indian shares.
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Pred 957 dňami
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Friday, giving up the gains in the previous session, with the benchmark Nikkei 225 falling below the 27,600 level, following the negative cues from Wall Street overnight, dragged by weakness in technology stocks. Traders are also concerned about the continued depreciation of the yen, high inflation, rising interest rates and slowing global growth.
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Pred 957 dňami
Australian Market Significantly Lower
The Australian stock market is significantly lower on Friday, giving up the gains in the previous session, with the benchmark S&P/ASX 200 falling below the 6,800 level, following the broadly negative cues from Wall Street overnight, dragged by weakness in mining and energy stocks amid tumbling commodity prices.
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Pred 957 dňami
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TSX Ends On Weak Note As Energy, Materials Shares Tumble
After a weak start and a subsequent modest recovery, Canadian stocks faltered Thursday morning, and then spent the rest of the day's trading session in negative territory amid concerns about rising inflation and the possible impact of tighter monetary policy on growth.
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Pred 957 dňami
Swiss Market Fails To Hold Early Gains, Ends Marginally Down
Despite spending much of the day's trading session in positive territory, the Switzerland stock market ended slightly down on Thursday as investors stayed wary of holding positions at higher levels.
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Pred 957 dňami
Major European Markets Close Lower On Growth Worries
European stocks closed lower on Thursday as concerns about slowing growth, tighter monetary policy, and the energy crisis weighed on investor sentiment.
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Pred 957 dňami
Canadian Market Down In Negative Territory; Energy Stocks Drifting Lower
After a weak start and a subsequent recovery that resulted in a brief stay in positive territory, the Canadian market faltered Thursday morning, and is languishing in the red a little past noon.
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Pred 957 dňami
U.S. Business Inventories Increase Less Than Expected In July
A report released by the Commerce Department on Thursday showed U.S. business inventories increased by less than expected in the month of July. The Commerce Department said business inventories rose by 0.6 percent in July after surging by 1.4 percent in June. Economists had expected business inventories to climb by 0.8 percent.
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Pred 957 dňami
U.S. Industrial Production Unexpectedly Edges Lower As Utilities Output Slumps
The Federal Reserve released a report on Thursday unexpectedly showing a modest decrease in U.S. industrial production in the month of August. The report said industrial production edged down by 0.2 percent in August after climbing by a downwardly revised 0.5 percent in July.
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Pred 958 dňami
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