The US and European stock markets fell on Wednesday as fears over banking crisis resurfaced. Investors’ fears over banking crisis increased after Credit Suisse’s biggest shareholder Saudi National Bank refused to raise stake beyond 10%, citing regulatory issues. Bank stocks across Europe and the US edged lower. Efforts by regulators in theRead More →
Shares in the US and Europe climbed back on Tuesday on softening US inflation data as it offset fears over banking crisis. Annual inflation eased to 6.0% in February, US consumer price data showed on Tuesday. The shares of US banks which were especially hard hit on Monday recovered from theirRead More →
US stocks closed mixed on Monday in a volatile trade, but bank shares plunged on fears that the collapse of Silicon Valley Bank (SVB) could spark contagion throughout the banking system. The US stock indices opened lower in morning session. In midday trading, all the three indices were higher. The Dow Jones IndustrialRead More →
The shares worldwide fell on Thursday on worries of aggressive interest rates hike by the central banks. US stocks US stocks on Thursday were dragged down by banks as investors remain cautious about interest rate hike by the Federal Reserve and awaited monthly jobs data on Friday. The S&P banksRead More →
The latest remark by the US Federal Reserve Chair Jerome Powell on interest rate hikes has fueled volatility in global markets. All major US benchmarks slid more than 1% while equity futures for Australia, Japan, and Hong Kong also declined. Powell on Tuesday said that Fed is prepared to hikeRead More →
Both the US and the European stock markets fell on Tuesday following Federal Reserve chair Jerome Powell’s hawkish remarks in his testimony before the US Congress. Jerome Powell said on Tuesday that Federal Reserve is likely to increase interest rates higher than earlier anticipated. “Although inflation has been moderating in recent months,Read More →
The global stock markets were mixed on Monday with US equities closing higher and European stocks flat. China’s lower-than-expected gross domestic product (GDP) target weighed on investors’ sentiment across the globe. US stocks pared early gains on Monday after yields on US 10-year treasury rose. The S&P 500 rose 0.26%.Read More →
NEW YORK : Stocks are slipping Wednesday as Wall Street braces for interest rates to stay higher for longer with inflation remaining stubbornly sticky. The S&P 500 was 0.5% lower in its first trading after coming off a frigid February. The Dow Jones Industrial Average was down 50 points, orRead More →
NEW YORK : US stocks closed out February in subdued fashion and each of the three major indexes ended with monthly declines, as investors continue to assess whether interest rates will remain high for an extended period of time. After a strong performance in January, stocks retreated in February asRead More →
NEW YORK : US stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week’s losses, the biggest percentage declines of 2023 for Wall Street’s main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation. All three mainRead More →
