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NZ Dollar Drops Against Most Majors
The New Zealand dollar weakened against most major currencies in the Asian session on Monday.
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Australian Dollar Falls Against Majors
The Australian dollar weakened against other major currencies in the Asian session on Monday.
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European Economic News Preview: Germany Business Confidence Data Due
Business confidence data from Germany is the only major report due on Monday, headlining a light day for the European economic news. At 3.00 am ET, Spain's INE releases producer prices data for August. Prices had declined 8.4 percent annually in July.
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European Shares To See Cautious Start On China Concerns
European stocks may open on a sluggish note Monday amid concerns that higher borrowing costs could affect economic growth and corporate earnings.
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Sensex, Nifty Little Changed In Cautious Trade
Indian shares held steady on Monday despite weak cues from global markets and concerns over the impact of rising oil prices on economic growth.
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Asian Markets Track Wall Street Lower
Asian stock markets is trading mostly lower on Monday, following the broadly negative cues from Wall Street on Friday, as worries about inflation, higher interest rates and economic slowdown weighed on the market after the US Fed forecast another rate hike before the end of the year and indicated they may leave rates higher for longer than previously anticipated through 2024.
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Sensex, Nifty Seen Tad Higher Despite Muted Global Cues
Indian shares look set to open a tad higher on Monday despite muted cues from global markets.
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Japanese Market Notably Higher
The Japanese stock market is notably higher on Monday, snapping a four-session losing streak, with the Nikkei 225 moving above the 32,600 level, despite the broadly negative cues from Wall Street on Friday, boosted by gains in exporters and technology stocks, partially offset by losses in financial stocks.
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Australian Market Modestly Lower
The Australian stock market is modestly lower on Monday, giving up the slight gains in the previous session, with the benchmark S&P/ASX 200 staying above the 7,000 mark, following the broadly negative cues from Wall Street on Friday, with weakness across most sectors, led by miners and technology stocks.
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TSX Ends Weak For 5th Straight Session, Sheds 4.1% In Week
After opening modestly higher and staying positive till about an hour past noon, the Canadian market turned weak on Friday and eventually ended on a negative note, extending losses to a fifth straight session.
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Dollar Firms Against Major Counterparts On Safe-haven Bets
The U.S. dollar firmed against its major counterparts on Friday as weak PMI data from across the globe pushed up the demand for the safe-haven currency.
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Swiss Market Ends Lower For 2nd Straight Day
Swiss stocks stayed weak right through the trading session on Friday as worries about the outlook for interest rates and slowing economic growth weighed on the market.
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Major European Markets Close Weak As Interest Rate Concerns, Growth Worries Weigh
The major European markets ended on a negative note on Friday, and suffered weekly losses as well, as concerns about inflation and prospects of further monetary tightening by several central banks rendered the mood a bit bearish.
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