World Market News

‘Expect craziness’ as China readies debut of Nasdaq-style board

They were learning survival techniques from veteran trader Shen Shikang, who predicted "a burst of stir-frying" -- quick buying and selling of stocks -- when trading starts on Monday.

World market: Oil prices edge down ahead of expected weak China data

Brent crude futures for September fell 6 cents to $66.66 a barrel by 0022 GMT. U.S. crude for August was down 5 cents at $60.16 a barrel, after both contracts last week posted their biggest weekly gains in three weeks.

Oil prices rise amid Gulf of Mexico storm, Middle East tensions

Brent crude futures were up 37 cents, or 0.6%, at $66.89 per barrel by 0115 GMT. The international benchmark settled down 0.7% on Thursday after hitting its highest since May 30 at $67.52 a barrel.

US oil hits highest in over a month amid Gulf of Mexico storm, Iran tensions

US West Texas Intermediate (WTI) crude futures were up 11 cents at $60.54 a barrel by 0055 GMT, after earlier touching the highest since May 23 at $60.63. They gained 4.5% in the previous session.

Sensex resumes downward spiral; Bajaj Finance cracks 5%

BSE Sensex continues to deteriorate, on Wednesday. Bajaj, Tata, Axis bank suffer, along with others. Further, the Indian rupee depreciated 6 paise to 68.57 against the US dollar.

Turkish lira gains nearly 1% after Erdogan-Trump meeting

NATO allies Turkey and the United States have been at odds over the S-400s purchase, with Washington warning of US sanctions if the delivery took place.

US Fed holds rates steady, signals cuts possible later this year

While new economic projections showed policymakers' views of growth and unemployment largely unchanged, they saw headline inflation at just 1.5 percent for the year, down from the 1.8 percent projected in March.

US hopes meeting is prelude to its Mideast peace plan roll out

Global financial institutions will attend a US-led conference on the Palestinian economy this month that the Trump administration has cast as an overture to its Middle East peace plan, the International Monetary Fund (IMF) said on Wednesday.

Gold futures surge Rs 157 on firm global cues

Analysts said built up of positions by participants on positive cues from global market raised demand for the precious metal as a safe haven and pushed up gold prices at futures trade here.

The bond market is giving ominous warnings about the global economy

The S&P 500 was down 0.7% Wednesday, tumbling for a second consecutive session, but overall is down only about 5.5% from its early May high. The unemployment rate is at a five-decade low. With major companies nearly done releasing their first-quarter results, 76% had results above expectations.

Australia’s election surprise sends shares to 11-year peak

The benchmark S&P/ASX 200 index closed 1.7% higher at 6,476.10 points, its highest level since 2007.

Sensex, Nifty turn choppy; HCL Tech rallies 4 per cent

According to traders, investors were cautious ahead of the outcome of the 11th round of talks aimed at ending the trade war between the world's two largest economies.