Asian markets traded lower on Monday following a weak trend on Wall Street after a mixed US jobs report. Investors will look ahead to US and Chinese inflation figures due later this week and a slew of corporate earnings. In the US, the Labor Department reported that US employers addedRead More →
Apple share price hit a record high on Wednesday with its market capitalization crossing above $3 trillion during the day. The stock, however, ended 0.6% higher at a record high for the second consecutive session at $189.25, putting its market value at $2.98 trillion at the close, according to Refinitiv data. Read More →
Wall Street stocks retreated Wednesday after the Federal Reserve kept interest rates unchanged, but signaled it expects additional increases in 2023. The US central bank, as expected, opted to hold its benchmark lending rate between 5.0 per cent and 5.25 per cent. However, forecasts from the policymakers indicated strong supportRead More →
Arm IPO: US tech major Intel is in talks with SoftBank Group Corp’s Arm to be an anchor investor in its upcoming IPO (initial public offering), reported Reuters attributing to an anonymous source. Arm aims to raise $8 billion to $10 billion from its public offer proposed for listing onRead More →
Global market today: US stock market registered sharp gains on Thursday as all three major indices finished in green territory and US treasury yield started to climb after strong earnings pushed investors to look beyond signs of weak economic outlook. In Asian markets, Japanese Consumer Price Index (CPI) data beatRead More →
Global market today: Amid rising concern about economic crisis, key benchmark indices of the US stock market closed lower on Thursday. However, US dollar continue to sustain above 101 levels as speculations are rife about the US Fed rate hike in upcoming meeting. Despite falling sharply this week, crude oilRead More →
Global markets today: Global investors are eyeing US earnings reports, with Goldman Sachs issuing disappointing results as its showed traders failed to capitalise on Wall Street’s fixed-income boom, contributing to firmwide revenue that trailed estimates. Bank of America Corp rose after profit beat expectations. Investors are also keeping an eyeRead More →
Global market today: Key benchmark indices of the US stock market ended red after retreat in US dollar price from one year lows. After hitting one year low of 100.80 levels, Dollar Index rebounded strongly on Friday deals and regained 101 levels. In early morning deals on Monday in AsianRead More →
Global stock market today: Four day rally in US stock market took a pause after sell off trigger in bank stocks. US dollar rate nosedived after softer US job date fueled speculation on US Fed may soon conclude its tightening campaign. Weakness in US dollar pulled gold and silver pricesRead More →
Global market update: Tech stocks at US stock market continue to ascend last week as tech heavy Nasdaq index appreciated to the tune of 3 per cent in the week gone by. However, global sentiments will be dominated by surprise output cut by OPEC+ countries as crude oil price hasRead More →
