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Sensex, Nifty Retreat On Weak Global Cues, Oil Price Rally
Indian shares fell sharply on Monday, tracking weak global cues as investors fretted about the impact of high inflation and aggressive policy tightening on global growth.
A weakening rupee, rallying oil prices and disappointing manufacturing data closer home also dented sentiment.
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1439 days ago
European Shares Decline On Growth Worries, Rate Fears
European stocks declined on Monday and bond yields rose as last week's red-hot inflation data stoked expectations of aggressive interest rate hikes by the European Central Bank.
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1439 days ago
UK Shares Slide Despite Tax Reversal
U.K. stocks fell on Monday and the pound rallied against the dollar after the British government reversed plans to cut the highest rate of income tax that helped to spark a rebellion in her party and turmoil in financial markets.
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1439 days ago
CAC 40 Slides On Growth Concerns
French stocks kicked off the final quarter of the year on a weak note Monday amid global growth worries.
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1439 days ago
DAX Tumbles On Growth Worries; Banks Worst Hit
German stocks fell sharply on Monday and Eurozone bond yields rose as last week's red-hot inflation data stoked expectations of aggressive interest rate hikes by the European Central Bank.
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1439 days ago
Indian Rupee Hits 4-day Low Against U.S. Dollar
The Indian rupee dropped against the U.S. dollar in afternoon deals on Monday, as regional stocks fell, tracking weak global cues.
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1439 days ago
Asian Shares Drift Lower In Thin Holiday Trade
Asian stocks retreated on Monday as inflation and interest-rate worries lingered, and oil prices spiked on speculation over OPEC+ cutting production substantially this week.
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1439 days ago
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UK Govt Abandons Plan To Scrap 45% Tax Rate After Facing Criticism
The UK government decided to abandon its plan to scrap the 45 percent tax rate, which was announced just 10 days before, after coming under severe criticism for such a relaxation for the high earners at the time of rising living costs.
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1439 days ago
Australian Dollar Advances On Higher Oil Prices; RBA Decision In Focus
The Australian dollar firmed against its most major counterparts in the Asian session on Monday, as oil prices rose and investors awaited the Reserve Bank of Australia's monetary policy decision to be released on Tuesday.
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1439 days ago
European Shares Set For Soft Start As Oil Prices Jump
European stocks may open lower on Monday as higher-than-expected U.S. inflation data and sharp moves in the price of oil added to worries about slowing global growth.
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1439 days ago
European Economics Preview: Eurozone Final Factory PMI Data Due
Final manufacturing Purchasing Managers' survey results from the euro area and the UK are the major reports due on Monday. At 2.30 am ET, the Federal Statistical Office is scheduled to issue Swiss consumer price data for September. Inflation is forecast to remain unchanged at 3.5 percent.
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1439 days ago
Sensex, Nifty Move Lower On Fed Worries; ONGC Shares Soar 5%
Indian shares opened lower on Monday, tracking weak global markets after new data closely watched by the U.S. Federal Reserve showed that prices continued to rise at a rapid pace in August.
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1439 days ago
Asian Markets Extend Losing Streak
Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, reflecting lingering concerns about a recession and the global economic outlook amid aggressive interest rate hikes by central banks around the world. Asian markets closed mostly lower on Friday.
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1439 days ago
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