Washington: The stock market rout triggered by US President Donald Trump’s punishing tariff wars wiped over $10 trillion off major markets across the globe. The financial destruction, historic in scale, was equivalent to just over half of the GDP of the European Union, according to a report by Bloomberg. After Trump announced sweeping tariffs last…
New Delhi: Asian stock markets took a huge plunge Monday (April 7) as market sell-off tied to US President Donald Trump’s “reciprocal” tariffs continued. Exchange operators in Japan and Taiwan had to briefly call a halt to trading to pause panic selling as investors wagered the mounting risk of recession could see US interest rates…
Indian benchmark indices continued their upward momentum on Tuesday, following Monday’s gains. The Sensex surged by 900 points, while the Nifty traded above 22,750. Financials and metals led the rally, with all sectors closing in positive territory. The rally was fueled by a mix of global cues, domestic tailwinds, and technical resilience, driving optimism in…
The S&P 500, Dow Jones Industrial Average, and Nasdaq Composite saw significant losses this week as investor sentiment soured over escalating trade policy actions and signs of economic weakness. While markets attempted a recovery on Friday, they still posted their worst weekly performance in several months, according to CNBC. The S&P 500 rose 0.55% to…
With Sensex and Nifty down about 15% from their peaks touched about 5 months ago, Jefferies’ Global Equity Strategist Chris Wood believes this downturn is primarily technical in nature rather than a reflection of significant macroeconomic concerns. In his latest GREED & fear newsletter, Wood notes that the correction is driven by multiple compression rather…
NEW YORK, NEW YORK – MARCH 16: People walk past the New York Stock Exchange (NYSE) on March 16, 2023 … [+] in New York City. Stocks fell again in morning trading as investors continue to show concerns over the stability of global banks following the collapse last week of Silicon Valley Bank. (Photo by…
Global market: Amid fear of US President Donald Trump’s tariff barrier and trade war, most of the bourses in the Asian stock market are under pressure. Asian majors, Japanese and Indian stock markets have received the maximum beating as Japanese Nikkei has lost 1.35 per cent in YTD, India’s Nifty 50 index crashed around 4…
U.S. stock market is set for a mixed opening on Friday, February 21, 2025, following a sharp decline in the previous session. Investor sentiment remains cautious as UnitedHealth Group (UNH) faces a Justice Department investigation, Tesla (TSLA) may receive a major investment proposal from a Japanese group, and Alibaba (BABA) is surging on a stake…
The S&P 500 and the Nasdaq slipped on Thursday after ending the previous session on a positive note, while investors assessed some of the last economic datasets ahead of the Federal Reserve’s meeting. The Nasdaq soared past the 20,000 mark for the first time on Wednesday as the technology rally showed no signs of a…
The lender reported a 39% year-on-year drop in net profit for the quarter ending September 2024, with net profit at Rs 1,325 crore, falling short of market expectations of Rs 2,138 crore. In the same quarter last year, the profit was Rs 2,181.47 crore. Despite the profit decline, the bank’s net interest income (NII) increased…