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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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vor 956 Tagen
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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vor 956 Tagen
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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vor 956 Tagen
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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vor 956 Tagen
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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vor 956 Tagen
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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vor 956 Tagen
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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vor 956 Tagen
more news
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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vor 956 Tagen
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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vor 956 Tagen
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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vor 956 Tagen
U.S. Import Prices See Further Downside In August
Import prices in the U.S. saw further downside in the month of August, according to a report released by the Labor Department on Thursday. The Labor Department said import prices slid by 1.0 percent in August after tumbling by a revised 1.5 percent in July.
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vor 956 Tagen
Dollar Mixed After U.S. Retail Sales Data
The U.S. dollar showed mixed trading against its major counterparts in the European session on Thursday, following the release of a slew of U.S. economic data, including a report showing an unexpected increase in retail sales in August.
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vor 956 Tagen
New York Manufacturing Index Indicates Modest Contraction In September
The Federal Reserve Bank of New York released a report on Thursday showing a notable rebound in regional manufacturing activity in the month of September. The New York Fed said its general business conditions index surged to a negative 1.5 in September from a negative 31.3 in August, although a negative reading still indicates a contraction in regional manufacturing activity.
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vor 956 Tagen
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