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Indian shares are seen opening lower on Friday, in tandem with weak Asian cues as soft economic data out of the U.S. signaled the recovery in the world’s largest economy is faltering. Investors, meanwhile, will keep an eye on the meeting of G20 finance ministers that will discuss boosting IMF resources to help ease Europe’s [...]
Continue Reading →Asian shares rose across the board on Wednesday, mirroring a rally in European and U.S. shares overnight, as a stronger-than-expected reading on German ZEW investor sentiment index and a successful Spanish sovereign debt auction soothed worries over Europe’s debt crisis. Strong U.S. corporate earnings and an improved IMF forecast for global growth also improved appetite [...]
Continue Reading →German shares edged higher on Tuesday, adding to the previous session’s gains, as the results of the Spanish Treasury debt auction and IMF managing director Christine Lagarde’s comments that she is hopeful of lifting the organization’s lending capacity by more than $400 billion after this week’s meetings with global leaders helped boost investor sentiment.
Continue Reading →Asian markets rallied for a second day on Friday after data showed China’s inflation eased to a 20-month low in February and Greece announced that it won sufficient support from its private-sector creditors to secure its second bailout package from the EU and the IMF.
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