While Goldman Sachs was the first to go ahead and cut its S&P 500 target, others like Citi had recently downgraded its rating for US equities to a 'neutral'.
China maintained its tight grip on the yuan with its daily reference rate. The People’s Bank of China set the so-called fixing at 7.1887 per dollar, 1,528 pips stronger than the average estimate in a Bloomberg survey of traders and analysts.
Indian investors can easily invest in Nvidia, Tesla, and other US stocks through the Liberalised Remittance Scheme.
Indian mutual funds that invest in US markets gave an average return of 33% in the last one year. But don’t get swayed by past returns. Here is a low-down on the sub-categories of these funds
Contrary to expectations of more aggressive rate cuts in 2024, the Fed may go for just two rate cuts next year, the first of which may only come after six-nine months.
The 1,000-point correction on the Sensex on July 2 seemed more of a knee-jerk reaction to a decline in credit rating for the US – from AAA to AA+ - that recreated a move made more than a decade back by S&P Global Ratings
According to Mike Wilson, a 19 percent slump in the S&P 500 Index this year has left it testing support at its 200-week moving average of around 3,600, which could lead to a technical recovery
In these uncertain times, the strategy should be to focus on quality, value aspects and names that reward shareholders through dividends
The early gains Friday came after US equities reversed themselves Thursday and pushed higher amid sentiment that share prices had fallen too much.
The S&P 500 and Dow Jones Industrial Average both surged on gains in travel stocks as mass vaccinations in the United States and congressional approval of a $1.9 trillion aid bill fueled investor optimism.
A gauge of global equity markets, MSCI's all-country world index surged past the pre-COVID high reached in February as technology stocks jumped after Salesforce.com Inc raised its annual revenue forecast on surging demand for the company's online business software.
US equities closed mixed as financials led decliners, while oil rebounded following the release of key supply data. The Dow Jones fell about 35 points, with Goldman Sachs contributing the most losses. The 10-year u-s benchmark bond yields declines for a third consecutive day to 2.34 percent, the lowest level in three weeks.
The market has not yet reached a point where it looks “significantly overboughtâ€, says Gautam Shah, Associate Director & Technical Analyst at JM Financial. Shah believes there is still some juice left in the rally.
With bond yields treading higher, US dollar going stronger and US equities hitting all-time highs, gold look technically weak at least in the short term says Adrian Ash of Bullion Vault.
According to Geoff Lewis of Manulife Asset Management, risk-reward ratio is in favour of emerging markets (EMs) against developed markets. Among the developing nations, he prefers manufacturing based markets over commodity producers of Latin America and US equities over European, in the developed markets, he added.
SGX Nifty was trading at 8708.00 down 8.50 points.
Markets in Asia opened lower in early trade, following a modest finish in US equities. In addition, Bank of Korea is expected to announce its monetary policy decision this morning.
Asia markets were trading mixed mid-morning after stocks in the US closed slightly lower as investors looked ahead to earnings season. S&P 500 fell back into negative territory for the year so far.
Asian markets were trading mixed following a mild finish from US equities overnight. Revised government data showed the economy shrank at an annualized 1.1 percent in the final quarter of 2015.
Many financial advisors prefer foreign stocks because they have different risk and return characteristics than US equities. That can diversify a portfolio and prevent "home bias," the tendency investors have to invest heavily in the stocks of their own country.
Positive global cues will keep the market afloat with the Asian markets gaining following a positive lead from the Wall Street. The US market ended higher with the Dow Jones snapping a 7-day losing streak.
Investors attempting to determine whether US equities will rebound from Friday's selloff or continue to sink will look to a deluge of earnings next week for a clearer picture of the economy.
In an interview to CNBC-TV18, Geoff Lewis, executive director, JP Morgan Asset Management shares his pecking order.
Bullion's drop came as US equities measured by the S&P 500 index surged more than 1 percent to a record high after Russian leader Vladimir Putin ordered troops involved in a military exercise near the Ukrainian border back to their bases as he sought to ease tensions.
There has been some evidence of contagion reflected in the performance of emerging market and US equities this year