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Forex News
Recession Fears Seen Dragging Down European Stocks
Markets in Europe are expected to remain muted amidst overwhelming anxiety regarding prolonged period of interest rate hikes. Close on the heels of the Fed's rate hike on Wednesday, the Bank of England and the European Central Bank, both raised rates by 50 basis points, instilling fresh fears of a recessionary economic scenario.
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864 days ago
Sensex, Nifty Down Firmly In Negative Territory On Global Growth Worries
Indian stock indices Sensex and the Nifty are down firmly in negative territory on Friday, extending losses from the previous session, amid concerns about global economic slowdown due to surging interest rates, and further imminent increases from central banks.
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864 days ago
Asian Markets Mostly Lower Amid Cautious Trades
Asian stock markets are trading mostly lower on Friday, following the broadly negative cues from global markets overnight, with traders remaining largely cautious as aggressive interest rate hikes by global central banks will push the economy into a recession. Asian markets ended mostly lower on Thursday.
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864 days ago
Thai Stock Market May Take Further Damage On Friday
The Thai stock market on Thursday ended the three-day winning streak in which it had gathered more than a dozen points or 0.8 percent. The Stock Exchange of Thailand now sits just above the 1,620-point plateau and it's expected to open under pressure again on Friday.
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864 days ago
Japanese Market Sharply Lower
The Japanese stock market is sharply lower on Friday, extending the losses in the previous session, with the benchmark Nikkei 225 falling to stay a tad above the 27,600 level, following the broadly negative cues from global markets overnight, with weakness across all sectors, led by technology stocks, as rising concerns about global economic growth due to surging interest rates dented sentiment.
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864 days ago
Indonesia Bourse May Extend Losing Streak
The Indonesia stock market has finished lower in back-to-back sessions, sinking almost 60 points or 0.8 percent along the way. The Jakarta Composite Index now rests just above the 6,750-point plateau and it may take further damage on Friday.
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864 days ago
Australian Market Notably Lower
The Australian stock market is notably lower on Friday, extending the losses in the previous session, with the benchmark S&P/ASX 200 below the 7,200 level, following the negative cues from global markets overnight, with weakness across most sectors, led by technology, financial and gold miner stocks, as rising concerns about global economic growth due to surging interest rates dented sentiment.
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864 days ago
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Soft Start Anticipated For Hong Kong Stock Market
The Hong Kong stock market on Thursday wrote a finish to the two-day winning streak in which it had gathered almost 210 points or 1.1 percent. The Hang Seng Index now sits just beneath the 19,370-point plateau and it's expected to open under pressure again on Friday.
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864 days ago
Manchester United, TeamViewer To Terminate Shirt Sponsor Agreement
Manchester United and its front shirt sponsor TeamViewer agreed to terminate their partnership following a mutual agreement.
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864 days ago
China Shares Likely To Open Under Pressure On Friday
The China stock market headed south again on Thursday, one day after snapping the two-day slide in which it had dropped more than 30 points or 1 percent. The Shanghai Composite Index now rests just beneath the 3,170-point plateau and it's expected to see continued consolidation on Friday.
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864 days ago
Japan Manufacturing PMI Slips To 48.8 In December - Jibun
The manufacturing sector in Japan continued to contract in December, and at a faster pace, the latest survey from Jibun Bank revealed on Friday with a manufacturing PMI score of 48.8.
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864 days ago
Taiwan Bourse Expected To Extend Thursday's Losses
The Taiwan stock market ticked lower again on Thursday, one session after snapping the three-day losing streak in which it had slumped more than 180 points or 1.2 percent. The Taiwan Stock Exchange now rests just beneath the 14,740-point plateau and it's expected to open under pressure again on Friday.
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864 days ago
Losses May Accelerate For Singapore Stock Market
The Singapore stock market on Thursday wrote a finish to the two-day winning streak in which it had collected almost 40 points or 1.2 percent. The Straits Times Index now rests just beneath the 3,275-point plateau and it may extend its losses on Friday.
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864 days ago
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