WORLD MARKET NEWS - Page 2

US retail sales rise a meagre 0.1% in May from April as still high inflation curbs spending

June 18, 2024 19:33 IST

The national average price for a gallon of unleaded gasoline was USD 3.45 as of Monday; a month ago, it was USD 3.59, AAA said.

Sentiment surveys including the Institute for Supply Management and the NFIB have been flagging a sharp slowdown in the labor market.

US weekly jobless claims highest in more than 8 months as labour market eases

May 9, 2024 22:37 IST

Financial markets expect the Fed to start its easing cycle in September. A handful of economists believe the first rate cut will come in July.

Trump awarded 36 million more Trump Media shares worth $1.8 billion after hitting price benchmarks

May 1, 2024 21:40 IST

Trump Media got its place on the Nasdaq after merging with a company called Digital World Acquisition Corp., a special purpose acquisition company, or SPAC.

Donald Trump's trial at Manhattan criminal court

Rooting for Trump to fail has made his stock shorters millions

April 26, 2024 22:46 IST

As of Friday morning, a month since Trump Media's initial public offering sent its stock to USD 66.22, it has plunged to USD 38.49.

Oil slips after Iran plays down reported Israeli attack

April 19, 2024 20:08 IST

Prices down 4% on week so far as tensions eased and Tehran indicated no plans for retaliation

Ex-Fed chair Ben Bernanke finds ‘significant shortcomings’ in Bank of England’s economic forecasting

April 12, 2024 19:49 IST

Bank of England Gov. Andrew Bailey said the review was a “once-in-a-generation opportunity” for the central bank to update its models and make them fit for purpose to a ”more uncertain world”.

IMF warns industrial policy no magic cure for slow economic growth

April 10, 2024 18:53 IST

The IMF, in a chapter of its forthcoming Fiscal Monitor, said industrial policy could drive innovation if done well, but history was full of cautionary tales of policy mistakes, high fiscal costs and negative spillovers in other countries.

Wall Street set for steep losses after March consumer prices data

April 10, 2024 18:50 IST

A Labor Department report showed the Consumer Price Index (CPI) rose 0.4% on a monthly basis in March, compared with the 0.3% increase expected by economists polled by Reuters.

US consumer prices rise more than expected in March

April 10, 2024 18:43 IST

The consumer price index rose 0.4% last month after advancing by the same margin in February, the Labor Department's Bureau of Labor Statistics (BLS) said on Wednesday

The United States hasn’t seen genuine deflation since the Great Depression of the 1930s.Japan has experienced a much more recent bout of deflation.

Who wouldn’t like prices to start falling? Careful what you wish for, economists say

March 30, 2024 18:20 IST

At least prices are now rising more slowly — what's called disinflation.

European regulators investigate Apple, Google and Meta under new digital law

March 25, 2024 16:59 IST

The European Commission, the 27-nation bloc's executive arm, said it was investigating the companies for “non-compliance” with the Digital Markets Act.

Swiss bank UBS targets US deals, says chairman

March 17, 2024 17:13 IST

UBS, which took over former rival Credit Suisse last June, wants to expand its US wealth-management business through potential M&A in the next three or four years, Colm Kelleher said.

US inflation up again in February in latest sign that price pressures remain elevated

March 12, 2024 20:35 IST

The cost of clothing, used cars and rent also increased in February, raising the inflation figure.

Euro zone bond yields dip after US jobs data sends mixed signals

March 8, 2024 22:16 IST

Average earnings grew just 0.1% month-on-month, less than expected, while the unemployment rate rose to 3.9% from 3.7% in January.

Canada gains more jobs than expected in Feb; wage growth slows

March 8, 2024 20:27 IST

The unemployment rate has been steady at that level for three of the past four months, Statistics Canada said.

Wall Street set to open higher after US jobs report

March 8, 2024 20:20 IST

U.S. job growth accelerated in February, with nonfarm payrolls increasing by 275,000 jobs after rising 229,000 in January, according to revised estimates.

Nvidia hits $2 trillion valuation as AI frenzy grips Wall Street

February 23, 2024 22:56 IST

Its rapid ascent in the past year has led analysts to draw parallels to the picks and shovels providers during the gold rush of 1800s as Nvidia's chips are used by almost all generative AI players from chatGPT-maker OpenAI to Google.

Nvidia nears $2-trillion valuation after adding record $277 billion in stock market value

February 23, 2024 07:56 IST

Nvidia's one-day increase in stock market value was the largest in Wall Street's history, easily beating a record $196 billion gain by Meta Platforms on Feb. 2 after the Facebook parent declared its first dividend and posted robust results.

US consumer prices rise more than expected in January

February 13, 2024 19:41 IST

In the 12 months through January, the CPI increased 3.1%. That followed a 3.4% advance in December.

Asian shares advanced Tuesday after US stocks rallied as investors unwound some of last week's moves driven by worries about war in the Middle East.

Asian shares gain on back of Wall Street rally as war shock to markets fades

October 17, 2023 16:46 IST

Markets appeared to have recovered, for the moment, even as Israel was preparing for a likely ground offensive into Gaza and fears deepened that the conflict could spread along Israel's border with Lebanon.

In South Korea, the Kospi jumped 2.5 per cent, to 2,462.10 after Samsung Electronics reported improved quarterly earnings. Samsung's shares surged 4.4 per cent, while SK Hynix's were up 3.3 per cent.

Asian shares rise after eased pressure on bonds pushes Wall Street higher

October 11, 2023 11:18 IST

US futures were little changed and oil prices rose slightly.

Asian shares have climbed after Wall Street advanced on potentially encouraging news about interest rates, which have been dragging markets lower since the summer.

Rate hopes push Asian shares higher while oil prices edge lower

October 10, 2023 11:14 IST

US futures rose while oil prices fell back slightly after surging Monday following Israel's declaration of war on Hamas following its surprise attack from the Gaza Strip.

The Russian currency tends to come under pressure at the start of each month, after losing the support of a favourable month-end tax period that usually sees exporters convert FX revenues to meet local liabilities.

Russian rouble weakens past 100 to US dollar

October 3, 2023 12:06 IST

The Russian rouble weakened past the symbolic threshold of 100 to the dollar before recovering slightly in early trade on Tuesday, weighed down by foreign currency outflows and the country's shrinking current account surplus.

By midday, Evergrande's shares were up nearly 16 per cent after jumping more than 60 per cent early in the session.

China Evergrande soars after property developer’s stocks resume trading

October 3, 2023 10:55 IST

Shares of debt-laden property developer China Evergrande Group soared Tuesday after they resumed trading in Hong Kong following a suspension last week.