EUROPEAN MARKET
France elections: France's exceptionally high-stakes election has begun, far-right leads pre-election polls
France elections: Voters in mainland France start casting ballots in a critical legislative election that may lead to far-right control, impacting Europe's financial markets, support for Ukraine, and the management of France's nuclear arsenal and global military forces. The two-round election began in overseas territories and on the mainland at 8 a.m. Sunday, with initial projections due at 8 p.m. and official results later that night.
Asian stocks stutter, euro gains after first round vote in France
The euro was 0.32% higher at $1.0747, while European stock futures rose 1% as exit polls showed Marine Le Pen's eurosceptic National Rally emerged ahead in the first round of the French vote but with fewer votes than some analysts had forecast.
5 world market themes for the week ahead
Euro 2024 excitement rises with political shifts in Britain and France. M&A activity surges amidst economic uncertainties. Emerging Asia grapples with inflation as central banks navigate rate decisions. Labour's potential win in Britain poses fiscal challenges. The market awaits U.S. job data impact on Federal Reserve's rate policy.
Apple charged with violating EU's antitrust tech law, may have to pay fine of $38 billion.
Apple has become the first US tech giant to be charged under the European Union’s tough new antitrust tech law. If found guilty, its fine may soar up to $38 billion.
Europe's STOXX 600 falls as tech, banks drag
European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.
Stanley Lifestyles high on luxury quotient, raises Rs 161 cr from anchors
Private equity-backed Stanley Lifestyles, the fourth-largest player in India's home furniture market, is set to launch a ₹537 crore IPO. The company's revenues have more than doubled, and net profit has grown significantly in recent years.
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Dollar wobbles as markets await more Fed clues; RBA meeting in focus
The dollar weakened against the euro and sterling as concerns about a far-right French government eased. Market focus shifted to key reports and comments from the Federal Reserve for rate cut clues.
Dollar eases against euro as European political jitters subside
The dollar was modestly weaker against the euro on Monday, as the common currency recovered from the more than one-month lows hit last week driven by political turmoil in Europe.
5 world market themes for the week ahead
Central bank decisions in Britain, Switzerland, and Norway will show the rate cutting trend, while retail sales data from the US and China will indicate consumer health. Europe gears up for the Euros 2024 tournament in Germany. Investors are monitoring cocoa supply issues in Ivory Coast, Ghana, and other countries like Brazil.
European shares rise as markets await US inflation, Fed verdict
European shares opened higher on Wednesday, supported by a drop in euro zone bond yields. Investor focus shifted to crucial events like U.S. inflation print and the Federal Reserve's monetary decision amid French political uncertainty.
Asia shares stumble; political uncertainty grips euro
Asian stocks fell as traders reduced bets for Fed rate cuts due to a tight US labor market. A snap election in France raised political concerns, impacting the euro. MSCI's Asia-Pacific shares index also dropped.
Int’l investors grabbed bulk of share offering: Saudi Aramco
Saudi Aramco's latest offering raised $11.2 billion with international investors acquiring the majority of shares. The Gulf kingdom aims to boost finances for large-scale projects in preparation for a post-oil future.
FOMC, FII action among 10 factors to dictate D-Street mood this week
The Nifty index closed the week with a 3.6% increase amidst two significant occurrences: the highly anticipated election results and the monetary policy decision by the Reserve Bank of India (RBI). As trading resumes on Monday, a range of significant domestic and international events scheduled throughout the holiday-shortened week are expected to influence market movements.
Traders stunned by election surprises from Mexico to India
The world witnessed unexpected outcomes in the Mexican elections and Narendra Modi's victory, impacting markets globally. Claudia Sheinbaum's landslide win also played a significant role in reshaping market dynamics.
India rate decision rounds off wild week
India's interest rate decision and Chinese trade figures are key events for Asian investors on Friday amid global political volatility and stock market highs.
World stocks at record high after cautious ECB rate cut
It was enough to snip the pan-European STOXX 600's gains back to 0.6%, while the euro inched up to almost $1.0890 against the dollar and government bond yields - which reflect borrowing costs and move inversely to price - ticked up too.
European stocks at record on tech and ECB bets
The pan-European STOXX 600 benchmark rose by 0.7%, with the technology subindex surging 2.6%, driven by significant gains from Wall Street's tech giants.
Asia stocks rally as rate cut bets gather momentum; ECB in focus
Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
European shares rebound tracking global sentiment on soft US jobs data
European shares opened higher on Wednesday, mirroring global sentiment as a soft U.S. labour market data firmed bets of a rate cut from the Federal Reserve, ahead of the European Central Bank's key rate verdict later this week.
European shares slip as energy counters weigh
European shares slipped on Tuesday as weakness in crude prices dragged energy stocks, while investors refrained from placing huge bets before the European Central Bank's interest rate decision later this week.
Asian shares retreat as investors question US economic strength
Asian share markets weakened as U.S. economy's 'exceptionalism' unravels with weakening manufacturing activity. MSCI's Asia-Pacific index down 0.1%. U.S. Treasury yields fall after weak manufacturing data. Westpac economist Coombs sees market pricing 40 basis points rate cuts by 2024.
Exit Poll Euphoria: Investor wealth catapults by Rs 14 lakh crore as Sensex, Nifty hit record highs on election result eve
The 30-share BSE benchmark Sensex advanced 2,507 points or 3.4% to settle at 76,469. The broader NSE Nifty gained 733 points or 3.25% to end at 23,264. All major sectors settled in the green with financials climbing 4% to a record high, while public sector banks surged 8.4%. Nifty Oil & Gas also gained about 6.8% and Nifty Realty surged nearly 6%.
Asia shares rally on hopes for more rate cuts this week
Asian share markets rose on Monday as investors anticipated rate cuts by the European Central Bank and possibly the Bank of Canada. Sticky inflation may prolong the easing process.
Asia stocks gain, dollar drifts as inflation tests await
Asian stocks rose for the fourth month, while the dollar drifted lower. Investors await inflation readings from Europe and the U.S. for interest rate guidance.
Asia shares drift after rally, Wall Street reopen in focus
Asian shares mixed after rallying, with rising bets of European rate cut and key inflation data boosting risk appetite. Wall Street futures firm ahead of U.S. market reopening after holiday.
European shares little changed, inflation data in focus
European stocks were subdued on Monday, with several major markets closed and investors taking a cautious stance ahead of key inflation data from the United States and Europe later this week.
European autos stocks hit on China tariff jitters
European autos stocks were the worst performing equity market sector on Wednesday, following a report that suggested there was potential for China to impose higher tariffs on cars.
5 world market themes for the week ahead
Markets are hoping for evidence that will solidify a brightening global economic outlook, though rising trade tensions are casting a cloud, while G7 finance ministers gather in Italy.
Cochin Shipyard shares surge nearly 10% after European order win
Shares of Cochin Shipyard experienced a notable surge of 10% on Tuesday, reaching a high of Rs 1,310.60 on the Bombay Stock Exchange (BSE). This surge followed the company's announcement of a significant order win to the exchanges on Monday.
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