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Indian shares rose modestly on Friday, with positive global cues and rising expectations for an interest rate cut next week underpinning sentiment. Asian markets are trading mostly higher, with key benchmark indexes in Australia, Hong Kong, Japan and South Korea rising between 0.8 percent and 1.6 percent, as data showing an uptick in U.S. jobless [...]
Continue Reading →Asian shares rose notably on Thursday, snapping recent steep losses, as Alcoa’s surprise first-quarter profit, a decrease in Italian and Spanish bond yields and remarks by a European Central Bank official that indicated the ECB could resume bond purchases through its securities markets program encouraged investors to do some bargain hunting. A rebound in commodity [...]
Continue Reading →Indian shares fell in early trading on Monday, as weak U.S. jobs data cast doubts over the strength of the global economic recovery. Commodities fell and Asian markets retreated across the board, dampening investor sentiment. A few Asian markets, including Australia, New Zealand and Hong Kong, and European markets remain closed today for Easter Monday [...]
Continue Reading →Indian shares may edge lower on Wednesday, tracking weak global cues after the latest Federal Reserve statement damped expectations for more monetary stimulus and data showed activity in Australia’s service sector contracted for a second month in March. Asian markets are trading mostly lower, commodities retreated and the euro is trading near one-week low versus [...]
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