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Monday, May 23, 2022

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Citi trader made error behind flash crash in Europe stocks

May 03, 2022 5:49 pm

A trader at the U.S. firm made a mistake “inputting a transaction,” Citigroup said late last night, after a knee-jerk selloff in Swedish stocks in five minutes wreaked havoc in bourses from Paris to Warsaw, wiping out 300 billion euros ($315 billion) at one point. The bank said it identified the error “within minutes” and corrected it.

European shares edge up ahead of ECB meeting

April 14, 2022 2:40 pm

Ahead of the ECB's decision, due at 1145 GMT, the broader Euro STOXX 600 gained 0.1%, with French shares adding 0.4% and German stocks up up 0.2%.

Stocks slide, Brent hits $100 on Russian incursion: Markets Wrap

February 24, 2022 10:21 am

Crude surged on possible risks to Russian energy exports, with Brent touching $100 a barrel. The flight to safer investments saw the U.S. 10-year Treasury yield fall to 1.90%. Gold hit the highest since early 2021. The dollar and yen jumped, while the euro and the ruble retreated.

Asian stocks follow Wall Street lower after Fed rates signal

January 06, 2022 10:25 am

Notes released Thursday from the Fed meeting last month showed policymakers believe the U.S. job market is nearly healthy enough that ultra-low interest rates are no longer needed. Traders took that as a sign the Fed might be more aggressive about rolling back stimulus that is boosting stock prices.

Asian shares stumble as US yields, dollar hold firm

September 29, 2021 10:48 am

Overnight, all three major US stock indexes slid nearly 2% or more, with interest rate sensitive tech and tech-adjacent stocks worst hit by the surging yields.

Asian stocks follow Wall Street lower on Fed hints at rate hikes

June 17, 2021 10:31 am

The Nikkei 225 in Tokyo lost 1.1% to 28,965.07 and Hong Kong's Hang Seng was off less than 0.1% at 28,434.62. The Shanghai Composite Index was up 0.2% at mid-morning at 3,525.67.

Asian stocks mixed in muted trading, echoing Wall Street close

May 24, 2021 10:58 am

Japan's benchmark Nikkei added 0.2% in morning trading to 28,381.13. South Korea's Kospi slipped 0.3% to 3,147.23, while Australia's S&P/ASX 200 inched up less than 0.1% to 7,031.50. Hong Kong's Hang Seng slipped 0.9% to 28,217.82, while the Shanghai Composite lost 0.4% to 3,473.43.

Asia shares alarmed by US inflation scare, count on calm Fed

May 13, 2021 11:46 am

MSCI's broadest index of Asia-Pacific shares outside Japan lost 0.9%, though trade was thinned by holidays in a number of countries.

World’s biggest stock owner says banks displaced tech as drivers of returns

April 22, 2021 2:56 pm

Norges Bank Investment Management, which owns about 1.5% of global stocks, beat its benchmark index in the first quarter, and also outperformed the MSCI World Index.

Asian stock markets advance after new Wall Street high

April 14, 2021 11:43 am

On Wall Street, the S&P 500 rose to 4,141.59. The Dow Jones Industrial Average fell 0.2% to 33,677.27. The Nasdaq, which has more technology stocks, gained 1.1% to 13,996.10.


China seems to be moving towards market linked pricing of the Yuan: Shaktikanta Das

January 07, 2016 10:27 am

New Delhi, Jan 07 (ANI): Economic Affairs Secretary Shaktikanta Das on Thursday said the new normal in global economy is uncertainty. He said that China seems to be moving towards market linked pricing of the Yuan. He also stated that YMF has accepted Yuan as a reserved currency. China devalued the Yuan in a move that rippled through global markets. As policy makers stepped up efforts to support exporters and boost the role of market pricing in Asia’s largest economy.