global markets

Make in India, Atmanirbhar Bharat helped India become a key exporter of goods

The growth in exports of manufacturing goods has ridden on the back of India’s increasing specialisation and competitiveness

India’s gems and jewellery exports sluggish, industry hopeful for revival from July

India’s gems and jewellery exports have contracted by 30 percent on year as per April trade data. However, a revival in Chinese economy, demand growth in US could change the scenario for the sector, notes Executive Director of Gems and Jewellery Export Promotion Council (GJEPC) in conversation with Moneycontrol.

Asian markets on edge as US debt ceiling talks approach crunch time

U.S. President Joe Biden and House Republican Speaker Kevin McCarthy will meet to discuss the debt ceiling on Monday, less than two weeks before the June 1 deadline after which Treasury expects the federal government will struggle to pay its debts.

Wall Street closes down, dollar dips as debt ceiling talks stall

The Dow Jones Industrial Average fell 109.28 points, or 0.33%, to 33,426.63, the S&P 500 lost 6.07 points, or 0.14%, to 4,191.98 and the Nasdaq Composite dropped 30.94 points, or 0.24%, to 12,657.90.

Asian shares mixed as China growth worries crimp US debt ceiling optimism

MSCI's broadest index of Asia-Pacific shares outside Japan eased 0.20% but was set to eke out a gain of 0.19% for the week.

Wall Street ends higher, dollar climbs on solid data, debt ceiling progress

Investors continued to closely monitor debt ceiling negotiations in Washington for signs that Democrats and Republicans could be inching closer to a deal.

TTC meeting: India-EU to work on digital connectivity, green energy, building trade & investment

The two countries have agreed to deepen their common work on resilient value chains, work to resolve bilateral market access issues and exchange information on each other's mechanisms on foreign direct investment screening.

Asian shares tentative, US debt ceiling talks weigh on risk appetite

MSCI's broadest index of Asia-Pacific shares outside Japan was 0.20% lower, while Australia's S&P/ASX 200 index was down 0.56%. The Shanghai Composite Index and Hong Kong's Hang Seng Index eased 0.4%, dragged by China data showing a wobbly post-COVID recovery.

Wall Street ends lower, Treasury yields climb as debt ceiling talks in spotlight

While all three major U.S. stock indexes ended down, the tech-heavy Nasdaq's losses were held in check by momentum megacaps including Amazon.com, Alphabet Inc and Microsoft Corp.

Asia stocks steady despite China data miss, helped by weaker dollar outlook

Expectations that the dollar will soften also cushioned emerging markets, although investors were wary of crucial U.S. government debt-ceiling negotiations, with a little more than two weeks to go before the government could run short of money to pay its bills.

Wall Street advances, Treasury yields rise as debt-ceiling debate rolls along

While all three major U.S. stock indexes ended green, market participants appeared to show little conviction as first-quarter earnings season winds down, leaving few market-moving catalysts, aside from a disappointing Empire State manufacturing report from the New York Federal Reserve.

Asian shares braced for China data, Fed speakers

Early action was sluggish following a report on Friday showed U.S. consumer sentiment slumped to a six-month low in May and long-term inflation expectations jumped to the highest since 2011, boosting the U.S. dollar and Treasury yields.

Indexes slip with tech-related shares; consumer sentiment drops

The Dow Jones Industrial Average fell 8.89 points, or 0.03%, to 33,300.62; the S&P 500 lost 6.54 points, or 0.16%, to 4,124.08; and the Nasdaq Composite dropped 43.76 points, or 0.35%, to 12,284.74.

Asian shares tentative on global growth concerns, Japan surges

MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.2% and was headed for a weekly decline of 0.8%, weighed lower by a slew of data from China that pointed to a sluggish economic recovery after the lift of COVID lockdowns.

Dow, S&P 500 fall with Disney; PacWest leads regional banks lower

Lifting the Nasdaq, shares of Alphabet Inc (GOOGL.O) rose 4.3%, a day after Google rolled out more artificial intelligence products to take on competition from Microsoft Corp (MSFT.O). Microsoft shares eased 0.7% and were among the biggest negative influences on the S&P 500 and Nasdaq.

Asian stocks rise as US inflation cools

The Labor Department's Consumer Price Index (CPI) rose 4.9% in April from a year ago, compared with expectations of a 5% increase, raising hopes that the Federal Reserve's interest rate hiking cycle is close to an end. Month-over-month CPI in April rose 0.4% after gaining 0.1% in March.

Wall Street closes down as focus shifts to inflation data, debt talks

Investors will look for clues on whether inflation is continuing to ease following the Labor Department's consumer price index (CPI) report on Wednesday.

Asia shares mostly higher, focus on US bank data

Friday's robust U.S. payrolls report has already delivered a setback to easing hopes and any upside surprise on consumer prices would challenge bets for a rate cut as soon as September.

Dow has best day since January 6 after Apple rally, jobs data

The Dow Jones Industrial Average rose 546.64 points, or 1.65%, to 33,674.38, the S&P 500 gained 75.03 points, or 1.85%, to 4,136.25 and the Nasdaq Composite added 269.02 points, or 2.25%, to 12,235.41.

Debt default, banking crisis key concerns for US economy, says economist David Rosenberg

Rosenberg is scathing in his criticism of the Fed’s rate hike cycle and has also slammed chair Jerome Powell for saying the banking crisis is over even as more regional banks come under pressure in the United States

Wall Street ends down as PacWest fuels fears of deeper bank crisis

PacWest Bancorp (PACW.O) tumbled 51% after it confirmed it was exploring strategic options, including a sale. Shares of the regional lender and other banks got hammered recently on fears of a worsening banking crisis.

Stock markets nervous about Fed pivot and banking sector

Another U.S. regional bank, PacWest Bancorp, reported troubles overnight, reminding investors of the precarious health of some banks despite regulators' assurances around containing the crisis that started with the collapse of Silicon Valley Bank and Signature Bank in March.

Wall Street ends down on nagging uncertainty about Fed rate path

Indexes initially held onto gains following the Fed's statement. It increased interest rates by a quarter of a percentage point, as expected, and signaled it could pause further hikes.

Wall Street rattled by selloff, trading halts at two small banks

On the eve of the Federal Reserve decision, multiple volatility halts in PacWest Bancorp and Western Alliance Bancorp were seen as disturbing. Both shares were down at least 15% in Tuesday trading.