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Sensex, Nifty End Deep In Red; IT Stocks Gain On Rupee Weakness

Sensex, Nifty End Deep In Red; IT Stocks Gain On Rupee Weakness

Indian shares fell for a fourth consecutive session on Monday and the rupee hit a record low for a third straight session, as investors fretted about faster inflation, aggressive central bank action and a possible global recession.
RTTNews | 962 hari yang lalu
German Ifo Business Confidence At 28-Month Low

German Ifo Business Confidence At 28-Month Low

German business confidence declined to the lowest level in more than two years in September signaling that the economy is slipping into a recession, survey results from the ifo Institute showed on Monday. The business confidence index fell sharply to 84.3 in September from 88.6 in August. This was the lowest since May 2020 and also below economists' forecast of 87.0.
RTTNews | 962 hari yang lalu
European Shares Mixed After Italy Vote

European Shares Mixed After Italy Vote

European stocks traded mixed on Monday after having suffered heavy losses last week on worries about an economic downturn.
RTTNews | 962 hari yang lalu
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Asian Shares Extend Losses As Recession Worries Mount

Asian Shares Extend Losses As Recession Worries Mount

Asian stocks fell on Monday to extend recent losses, the dollar surged to new 20-year highs on rising yields, gold held at 2-1/2-year trough and oil extended last week's losses as recession fears gripped financial markets.
RTTNews | 962 hari yang lalu
European Shares Set To Fall; FTSE May Outperform As Pound Hits Record Low

European Shares Set To Fall; FTSE May Outperform As Pound Hits Record Low

European markets are seen opening broadly lower on Monday, though U.K. stocks may see some benefit from a weakening pound, which plunged to a record low against the dollar on recession fears after new finance minister Kwasi Kwarteng unveiled a controversial tax-cutting mini-budget.
RTTNews | 962 hari yang lalu
European Economics Preview: Germany Ifo Business Confidence Data Due

European Economics Preview: Germany Ifo Business Confidence Data Due

Business confidence survey data from Germany is due on Monday, headlining a light day for the European economic news. At 1.00 am ET, Statistics Finland releases import price figures for August. Prices had advanced 32.5 percent annually in July.
RTTNews | 962 hari yang lalu
Asian Markets Extend Losing Streak

Asian Markets Extend Losing Streak

Asian stock markets are trading mostly lower on Monday, following the broadly negative cues from global markets on Friday, as traders remain concerned the aggressive monetary tightening by global central banks to combat elevated inflation will push the global economy into a recession, rendering the mood in the markets extremely bearish. Asian markets closed mostly lower on Friday.
RTTNews | 962 hari yang lalu

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