Tag Archives: Markets

Dow futures drop 800 points as Trump speech disappoints investors

Dow futures drop 800 points as Trump speech disappoints investors

Traders work before the closing bell at the New York Stock Exchange (NYSE) on February 28, 2020. Johannes Eisele | AFP | Getty Images Futures contracts tied to the major U.S. stock indexes fell on Wednesday night after an address from President Donald Trump failed to quell concerns over the …

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WHO declares the coronavirus outbreak a global pandemic

WHO declares the coronavirus outbreak a global pandemic

The World Health Organization declared COVID-19 a global pandemic on Wednesday as the new coronavirus, which was unknown to world health officials just three months ago, has rapidly spread to more than 121,000 people from Asia, the Middle East, Europe and the United States. “In the past two weeks the number …

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Dollar eases, stocks slide on uncertainty over US stimulus plans

Dollar eases, stocks slide on uncertainty over US stimulus plans

NEW YORK (Reuters) – The dollar weakened and global equities markets slid again on Wednesday, with Wall Street sharply lower, as the previous day’s high hopes of government stimulus to tackle the coronavirus soured on the hard reality of still little action. File Photo: A street cleaning operative walks past …

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Bank of England rate cut ‘a mistake and too soon,’ Jim O’Neill says

Bank of England rate cut 'a mistake and too soon,' Jim O'Neill says

Jim O’Neill Pier Marco Tacca | Getty Images Chatham House Chair Jim O’Neill criticized the emergency cut to interest rates from Bank of England (BOE) as “a mistake and too soon.” The central bank followed the U.S. Federal Reserve Wednesday in announcing a 50-basis point reduction to its benchmark rate, …

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U.S. Futures Drop With Dollar; Treasuries Climb: Markets Wrap

U.S. Futures Drop, Yen Gains With Stimulus Pending: Markets Wrap

(Bloomberg) — Wednesday brought another day of reversals in many major markets, with U.S. stock futures dropping, the dollar weakening and Treasury yields falling after surging a day earlier. Contracts on the S&P 500 Index fell about 2% after the U.S. administration failed to offer details on what President Donald …

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Saudi Arabia, Russia oil dispute is about ‘restructuring of supply’

Saudi Arabia, Russia oil dispute is about 'restructuring of supply'

The oil price rout this week may be a chance for the industry to restructure and could ultimately be a positive for the market, a strategist said on Wednesday. The oil markets tanked Monday, plunging over 20% following a disagreement on production cuts between OPEC and its allies. Russia declined to lower output last week, and Saudi …

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European stock futures jump as BoE joins rate cut party

European stock futures jump as BoE joins rate cut party

TOKYO (Reuters) – Stock futures in London and across Europe jumped on Wednesday after the Bank of England joined other major central banks in cutting interest rates to offset economic damage caused by the coronavirus outbreak. A man wearing protective face mask, following an outbreak of the coronavirus disease (COVID-19), …

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Sensex Rebounds More Than 350 Points; Reliance Industries Rises 4%

Sensex Rebounds More Than 350 Points; Reliance Industries Rises 4%

Reliance Industries, Hero Motocorp, ICICI Bank and HDFC have gained around 2 per cent each. Domestic stock markets rebounded from intra-day lows, amid volatile trades, on Wednesday afternoon on the back of gains in index heavyweight Reliance Industries. At 1:00 pm, the S&P BSE Sensex index was trading at 35,993, …

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us markets opening dow jones open in green

A Day After Rout, Wall Street Buoyed On Stimulus Hopes

Wall Street rebounded on Tuesday as investors pinned their hopes on policy easing by major central banks and governments after global markets plummeted in the previous session on fears of a coronavirus-driven recession. Traders now expect the Federal Reserve to cut interest rates for a second time this month, with …

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global stock markets oil markets bounce back after covid 19 triggered record losses

Cabinet Gives Nod For Direct Overseas Listing Of Indian Companies

Oil and equity markets staged solid rebounds on Tuesday after the previous day’s pummelling, with signs of co-ordinated action by the world’s biggest economies to cushion the economic impact of coronavirus helping pull investors out of panic mode. Most benchmark government bond yields also rose from record lows hit the …

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