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Sensex, Nifty Extend Declines For Second Day
Indian shares fell for a second straight session on Friday, with weak global cues and a move by the government to tax gains from debt mutual funds via an amendment to the Finance Bill weighing on sentiment.
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European Shares Decline On Slowdown Fears
European stocks fell for a second straight session on Friday, with banks coming under selling pressure once again on a Bloomberg report that Credit Suisse Group and UBS Group AG are among the banks under scrutiny in a U.S. Justice Department probe for potentially helping Russian oligarchs evade sanctions.
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Pound Little Changed After U.K. Manufacturing PMI
At 5:30 am ET Friday, UK S&P Global/CIPS composite PMI has been released. The pound changed little against its major rivals after the data.
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Pound Slides Vs Most Majors Ahead Of U.K. Manufacturing PMI
At 5:30 am ET Friday, UK S&P Global/CIPS composite PMI is due. The indicator is seen falling to 52.7 in March from 53.1 in February.
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FTSE 100 Falls Led By Banks And Miners
U.K. stocks fell sharply on Friday, as worries over turmoil in the banking sector and recession risks overshadowed upbeat retail sales and consumer confidence readings.
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CAC 40 Tumbles With Banks Under Pressure
French stocks fell sharply on Friday, with banks coming under selling pressure once again on a Bloomberg report that Credit Suisse Group and UBS Group AG are among the banks under scrutiny in a U.S. Justice Department probe for potentially helping Russian oligarchs evade sanctions.
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Euro Little Changed After Eurozone PMI
At 5:00 am ET Friday, Eurozone flash PMI survey results have been released. The euro changed little against its major rivals after the data.
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Euro Drops Ahead Of Eurozone PMI
At 5:00 am ET Friday, Eurozone flash PMI survey results are due. Economists expect the composite PMI to drop marginally to 51.9 in March from 52.0 in February.
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DAX Drops On Weak PMI Data
German stocks declined on Friday, as concerns about the banking crisis persisted and a survey showed manufacturing activity in the country continued to worsen in March.
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Asian Shares Retreat As Growth Worries Return To Fore
Asian stocks ended broadly lower on Friday as concerns about the banking crisis persisted despite comments from regulators that they would take additional steps as needed to support the financial system.
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Euro Little Changed After German PMI
At 4:30 am ET Friday, Germany's flash PMI data has been released. The euro changed little against its major rivals after the data.
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Euro Falls Ahead Of German PMI
At 4:30 am ET Friday, Germany's flash PMI data is due. Economists forecast the composite indicator to climb to 51.0 in March from 50.7 in the previous month.
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Pound Mixed After UK Retail Sales
At 3.00 am ET Friday, the Office for National Statistics has released UK retail sales for February. The pound traded mixed against its major rivals after the data. While it rose against the franc and the euro, it changed little against the greenback and the yen.
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