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Sensex, Nifty Off Day's Lows; IT Stocks Worst Hit
Indian shares tumbled on Wednesday, mirroring weak global cues as hotter-than-expected U.S. inflation numbers for August dented investor optimism over price decline and the pace of rate hikes.
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Asian Markets A Sea Of Red On US Inflation Data
Asian stock markets are in a sea of red on Wednesday, following the broadly negative cues from global markets overnight, after hotter-than-expected U.S. inflation data raised concerns the Fed will even more aggressively hike interest rate at its upcoming policy meeting next week and triggered heavy selling at several counters from across various sectors.
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Sensex, Nifty Set For Gap-down Opening Amid Fed Worries
Indian shares look set to open sharply lower on Wednesday, as another hot U.S. inflation reading killed any chance of a downward shift in Fed tightening.
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Japanese Market Tumbles On US Inflation Data
The Japanese stock market is tumbling on Wednesday, giving up most of the gains in the previous four sessions, with the Nikkei 225 falling below the 28,000 mark, following the broadly negative cues from global markets overnight, with weakness across all sectors as after higher-than-expected U.S. inflation data raised concerns the Fed will even more aggressively hike interest rate.
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Australian Market Sharply Lower
The Australian stock market is sharply lower on Wednesday, giving up most of the gains in the previous three sessions, with the benchmark S&P/ASX 200 falling nearly 200 points to the 6,800 level, following the sell-off in global markets overnight, with weakness across all sectors after hotter-than-expected U.S. inflation data raised concerns the Fed will even more aggressively hike interest rate.
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TSX Snaps 4-day Winning Streak, Ends Sharply Lower
After a four-day winning streak, the Canadian market ended sharply lower on Tuesday as hotter-than-expected U.S. inflation data triggered heavy selling at several counters from across various sectors.
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Dollar Scores Gains Over Major Rivals After Inflation Data
The U.S. dollar rose sharply against most of its major counterparts on Tuesday after data from the Labor department showed U.S. consumer inflation rose unexpectedly in the month of August, raising expectations that the Fed will once again hike interest rate by 75 bps next week.
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Hot Inflation Data Lifts U.S. Dollar
The U.S. dollar gained ground against its major counterparts in the New York session on Tuesday, as U.S. consumer inflation rose unexpectedly in the month of August, supporting expectations that the Federal Reserve will stick with a 75 basis-point rate hike this month.
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Swiss Market Pares Early Gains, Ends Notably Lower
After holding in positive territory till more than a couple of hours past noon, the Switzerland stock market slipped into the red on Tuesday after U.S. inflation data raised fears that the Fed might be aggressive with interest rate hike at its upcoming meeting next week.
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European Stocks End Sharply Lower As U.S. Inflation Data Fuels Rate Hike Fears
European stocks tumbled on Tuesday as hotter-than-expected U.S. inflation data raised fears about aggressive interest rate hike by the Fed at its upcoming policy meeting, and triggered widespread selling in several sectors.
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Canadian Stocks Tumble After U.S. Inflation Data
Canadian stocks are down sharply in negative territory on Tuesday after hotter-than-expected U.S. inflation data raised speculation that the Fed will be aggressive with interest rate hike at the upcoming meeting.
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U.S. Consumer Prices Inch Higher In August, Annual Growth Slows Less Than Expected
A highly anticipated report released by the Labor Department on Tuesday showed an unexpected uptick in U.S. consumer prices in the month of August. The Labor Department said its consumer price index inched up by 0.1 percent in August after coming in unchanged in July. Economists had expected consumer prices to edge down by 0.1 percent.
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Geradin Partners To Bring Parallel Damages Actions In The UK And EU Against Google
Law firm Geradin Partners announced Tuesday that it will bring parallel damages actions in the UK and the Netherlands (covering the EEA) on behalf of publishers who have suffered harm from Alphabet Inc. (GOOG) unit Google's anti-competitive conduct in relation to ad tech.
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