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European Shares Subdued Ahead Of Lagarde Speech
European stocks were flat to slightly lower on Thursday amid lingering U.S. rate hike woes and concerns over Chinese growth.
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FTSE 100 Little Changed In Lackluster Trade
U.K stocks were subdued on Thursday as cigarette maker British American Tobacco warned of rising costs and a survey showed signs that demand for staff and pay growth eased in November.
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Google, Microsoft, Oracle, Amazon Awarded $9 Bln Worth Pentagon Cloud Deal
The Pentagon announced that up to $9 billion worth of cloud-computing contracts were awarded to Google, Oracle, Amazon, and Microsoft. In a statement, the U.S. Department of Defense said, "The purpose of this contract is to provide the Department of Defense with enterprise-wide, globally available cloud services across all security domains and classification levels..."
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CAC 40 Little Changed As Recession Worries Mount
French stocks were little changed on Thursday amid concerns that the Federal Reserve's ongoing interest rate hikes are driving the U.S. economy straight into a recession.
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DAX Edges Higher In Cautious Trade
German stocks edged up slightly in cautious trade on Thursday amid U.S. rate hike woes and concerns over Chinese growth.
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Asian Shares Mixed On Lingering Fed Concerns
Asian stocks ended Thursday's session on a mixed note, as fears of a global economic slowdown and uncertainty on whether the Federal Reserve will slow the pace of its interest rate hikes largely offset optimism over easing of strict COVID containment measures in China.
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Japanese Yen Underperforms Against Majors
The Japanese yen was lower against its major counterparts in the Asian session on Thursday, despite the release of better-than-expected GDP data out of the country for the third quarter.
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more news
European Economic News Preview: ECB Lagarde's Speech On Highlight
European Central Bank President Christine Lagarde is set to speak at two different events on Thursday. No other major economic data is due, headlining a quiet day for the European economic news. At 1.30 am ET, France's statistical office publishes revised non-farm payroll employment data for the third quarter.
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European Shares Likely To See Tepid Start As Recession Fears Weigh
European stocks are seen opening flat to slightly lower on Thursday as recession worries mount.
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Sensex, Nifty Marginally Lower In Early Trade
Indian shares were flat to slightly lower in early trade on Thursday as global recession fears weighed, and investors monitored the Gujarat and Himachal Pradesh assembly election results.
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Asian Markets Mostly Lower
Asian stock markets are trading mostly lower on Thursday, following the mixed cues from Wall Street overnight, as traders expressed concerns about the outlook for interest rates and a global recession. Traders remain uncertain about the near-term outlook for the markets ahead of next week's US Fed monetary policy meeting. Asian Markets closed mostly lower on Wednesday.
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Sensex, Nifty Seen Little Changed At Open
Indian shares may open on a cautious note Thursday, tracking weak cues from global markets. The downside, if any, may remain capped amid tumbling oil prices and expectations that the rate tightening cycle in India may be nearing its peak.
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Japanese Market Significantly Lower
The Japanese stock market is significantly lower on Thursday, extending the losses in the previous session, with the Nikkei 225 falling below the 27,500 level, following the mixed cues from Wall Street overnight, with weakness across most sectors, led by technology and financial stocks.
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