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CAC 40 Extends Slide On Rate Hike, Growth Worries
French stocks tumbled on Monday to extend losses from the previous session following Fed Chair Jerome Powell's hawkish remarks in Jackson Hole, Wyoming on Friday.
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1473 days ago
DAX Extends Losses As Traders Boost Fed, ECB Bets
German stocks fell sharply on Monday to extend losses from the previous session after the world's top central bankers delivered a stern and unified message on the need to curb inflation in Jackson Hole this weekend.
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1473 days ago
Australian Dollar Drops On Fed Rate Hike Worries
The Australian dollar fell against its major counterparts in the Asian session on Monday, as Asian markets followed Wall street lower, as comments from Federal Reserve Chair Jerome Powell sparked concerns about the possibility of more aggressive rate hikes to tame inflation.
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1473 days ago
Asian Shares Slump As Powell Warns Of Economic Pain
Asian stocks tumbled on Monday, U.S. Treasury yields rose and the dollar index traded at its highest level in over 20 years, after the head of the U.S. Federal Reserve indicated high interest rates will continue for some time to curb inflation.
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1473 days ago
European Shares Set To Extend Losses As Powell's Comments Sap Risk Sentiment
European stocks look set to open lower on Monday, with worries about the Fed's aggressive rate hiking cycle and weakening growth prospects in China likely to keep underlying sentiment cautious.
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1474 days ago
Indian Shares Nosedive Amid Global Selloff; IT And Metal Stocks Worst Hit
Indian shares plunged on Monday and the rupee slipped to a record low of 80.09 against the dollar in early trade, as the U.S. Federal Reserve's aggressive stance to tame inflation sparked a global selloff.
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1474 days ago
Asian Markets Tumble Amid Global Sell-off
Asian stock markets are trading lower on Monday, following the global sell-off on Friday, as traders reacted to US Fed Chair Jerome Powell's highly anticipated remarks at the Jackson Hole economic symposium, which were seen as more hawkish than some had hoped. Powell said he expects to keep rates at higher levels, and that the bank's efforts to combat inflation will cause "some pain."
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1474 days ago
more news
Indian Shares Set For Gap-down Opening After Wall Street Rout
Indian shares look set to open sharply lower on Monday following a brutal sell-off for Wall Street on Friday after Fed Chair Jerome Powell made hawkish remarks in Jackson Hole, Wyoming.
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1474 days ago
Japanese Market Tumbles; Down 2.8%
The Japanese stock market is tumbling on Monday, giving up the gains in the previous two sessions, with the Nikkei 225 plummeting 800 points to the 27,900 level, following the global sell-off on Friday, with weakness across all sectors as traders digested US Fed Chair Jerome Powell's highly anticipated remarks at the Jackson Hole economic symposium, which were seen as more hawkish than some hoped.
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1474 days ago
Australian Market Sharply Lower
The Australian stock market is sharply lower on Monday, giving up the gains in the previous three sessions, with the benchmark S&P/ASX 200 falling below the 7,000 mark, following the broadly negative cues from global markets on Friday, with weakness across all sectors as traders digested US Fed Chair Jerome Powell's highly anticipated remarks at the Jackson Hole economic symposium.
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1474 days ago
TSX Ends Sharply Lower After Powell Hints At Aggressive Rate Hikes
The Canadian market ended sharply lower on Friday as stocks fell on widespread selling after Fed Chair Jerome Powell said in his speech at the Jackson Hole Economic Symposium that the central bank would keep aggressively hiking rates to fight inflation.
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1476 days ago
Dollar Rises Against Major Rivals After Powell Hints At Tighter Policy
The U.S. dollar gained against its major rivals on Friday, riding on Fed Chair Jerome Powell's remarks that the central bank would continue to keep interest rates higher to tame inflation.
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1476 days ago
Canadian Market Headed For Weak Close As Stocks Tumble After Powell's Remarks
The Canadian market is down firmly in negative territory Friday afternoon, and looks set to end the session on a very weak note.
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1476 days ago
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