World stock markets surged on Thursday, with the US benchmark S&P 500 hitting a record high, while the 10-year US Treasury yield fell below 2% as investors digested a signal from the Federal Reserve of potential US interest rate cuts
In line with global markets, Indian equities on Monday logged steep falls as US President Donald Trump threatened to impose fresh trade tariffs worth $200 billion on Chinese goods. The US move is being seen as an unexpected and a major escalation in trade tensions between the two big economies.
Share markets couldn’t add to recent gains and government bond yields inched fractionally higher on Monday, as investors hunkered down for what is shaping up to be a crucial week for global monetary policy.
Global stock markets shed over $2 trillion in value in May as the US-China trade conflict escalated, with fears of a trade-related economic slowdown intensifying on Friday after US President Donald Trump threatened Mexico with tariffs.
Sri Lanka’s central bank cut its key interest rates on Friday, as widely expected, to support its faltering economy as overall business and consumer confidence slumped in the wake of last month’s deadly bomb attacks.
European shares extended losses early on Monday from the biggest weekly slump this year as the U.S.-China deadlock quelled hopes that the two largest economies will be able to resolve their trade dispute anytime soon. The STOXX 600 index dropped 0.5 per cent by 0855 GMT to hit 7-month lows.
The BSE Sensex on Thursday ended at a record closing high of 39,832, ahead of the swearing in of the new Union Cabinet. The Sensex advanced by 329.92 points, or 0.84 per cent,
European stocks fell, government bond yields slipped and the Japanese yen firmed on Thursday after the US government hit Chinese telecoms giant Huawei with severe sanctions, further straining Sino-US trade ties.
LONDON: London Stock Exchange (LSE), on Thursday welcomed the UAE-based Finablr, a global payments and foreign exchange company, to open its London’s markets for trading and to celebrate the listing of the company’s shares on the Premium Segment of the Main Market of London Stock Exchange.
Japan’s economic growth unexpectedly accelerated in January-March, driven by net contributions from exports and defying forecasts for a contraction in the world’s third-largest economy. However, the surprise expansion was mostly caused by imports declining faster than exports, likely reflecting weak domestic demand,