South Korea’s exports posted their biggest fall in three-and-a-half years in June, data showed on Monday, denting government hopes for a pick-up in economic growth after a shocking decline in the first quarter.
Ahead of the fourth quarter results of the IT heavyweights Infosys and TCS, and key macro data release, major equity indices ended the week on a higher note led by gains in banking stocks. The BSE Sensex closed 160.10 points or 0.41 per cent higher at 38,767.11. The broader Nifty finished 46.75 points or 0.40 per cent higher at 11,643.45. “Market turned positive despite a weak rupee as investors
Global stock markets rose on Friday after JP Morgan›s results kicked off the US corporate earnings season in style, while signs of stabilisation in China›s economy also helped riskier assets on views the growth outlook worldwide is better than thought.
Major Indian indices − Sensex and Nifty − closed at their highest-ever on Tuesday riding strong and sustained foreign fund inflows and bets of yet another rate cut over a near-normal monsoon forecast. Both indices touched their all-time highs − Sensex at 39,364.34 and Nifty 11,810.95 − during the early trade and mostly held on to the gains
The Abu Dhabi Securities Exchange (ADX), region’s leading financial market, recently hosted the French Business Group delegation during which the operational framework, vision, mission, and investment opportunities at ADX were highlighted. Abdul Aziz Al Neaimi, Assistant Chief Executive of ADX,
Stock markets rose on Tuesday to new six-month highs after reassuring data about the health of China›s economy and economic sentiment in Germany helped investors brush aside disappointing bank earnings. The latest leg higher in a three-month long global rally comes as a degree of calm has descended across financial markets,
News that the eurozone economy grew more than anticipated in the first quarter failed to stir stocks on Tuesday as downbeat Chinese data soured sentiment.
Tokyo and Shanghai stocks closed higher on Friday but trade lacked direction with several major markets closed for Easter holidays. In Japan, the benchmark Nikkei 225 index added 0.50 per cent, or 110.44 points, to 22,200.56, while the broader Topix index climbed 0.12 per cent, or 1.96 points, to 1,616.93.
Sensex and Nifty ended lower on Thursday after advancing for four consecutive sessions as investors took to profit booking. Investors also treaded with caution ahead of Q4 results from index heavyweight Reliance Industries. Jet Airways was in the spotlight throughout the day over its steep fall.
The weeks before Easter are usually some of the busiest of the year for bankers, lawyers and consultants in the City of London, as clients rush to get deals done before a run of public holidays. But this year comparatively little has been happening.