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Asian Markets Track Global Markets Higher
Asian stock markets is trading mostly higher on Monday, following the positive cues from global markets on Friday, as traders reacted positively to US Federal Reserve Chair Jerome Powell's remarks at the Jackson Hole Symposium and made cautious moves. Asian markets closed mostly lower on Friday.
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Sensex, Nifty To Follow Global Peers Higher After Powell's Speech
Indian shares may open higher on Monday, tracking strong cues from global markets.
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Japanese Market Sharply Higher; Up 1.6%
The Japanese stock market is sharply higher on Monday, recouping the losses in the previous session, with the Nikkei 225 moving above the 32,100 level, following the positive cues from global markets on Friday, with gains across most sectors, led by technology and financial stocks.
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Australian Market Notably Higher
The Australian stock market is notably higher on Monday, recouping some of the losses in the previous session, with the benchmark S&P/ASX 200 staying above the 7,100 level, following the positive cues from global markets on Friday, boosted by gains across most sectors, led by gold miners and and financial stocks.
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TSX Ends Modestly Higher; Technology, Energy Stocks Move Up
The Canadian market ended higher on Friday, aided by gains in healthcare, technology and energy sections.
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Dollar Rises Against Major Rivals After Powell's Jackson Hole Speech
The U.S. dollar climbed in the New York session on Friday, erasing early losses, as Federal Reserve Chairman Jerome Powell signaled willingness to raise rates further to bring down inflation.
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U.S. Stocks Shrug Off Mid-morning Setback, Close On Firm Note
U.S. stocks started off on a firm note on Friday and despite suffering a setback around mid morning, recovered swiftly and stayed firm right till the end of the day's session to finish on a strong note.
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more news
U.S. Dollar Higher After Powell's Hawkish Comments
The U.S. dollar climbed in the New York session on Friday, erasing early losses, as Federal Reserve Chairman Jerome Powell signaled willingness to raise rates further to bring down inflation.
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Swiss Market Ends Marginally Down After Choppy Session
After moving along the flat line till about a couple of hours past noon on Friday, the Switzerland stock market climbed modestly higher, but retreated soon and ended the day's session marginally down.
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European Stocks Fail To Hold Gains, Settle Flat
European stocks failed to hold early gains and closed on a mixed note on Friday with investors digesting Fed Chair Jerome Powell's speech at the Jackson Hole Symposium and making cautious moves.
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Powell Speech Adds To Uncertainty About Interest Rates
Investors were seeking clarity about the outlook for interest rates from a Jackson Hole economic symposium but found little from Federal Reserve Chair Jerome Powell, who compared monetary policy to "navigating by the stars under cloudy skies."
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Euro Recovers As European Shares Edge Up Before Powell's Speech
The euro rebounded against its most major counterparts in the European session on Friday, as European stocks rose after the release of some encouraging regional data.
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Lennox To Sell Its Germany-based Hyfra Process Cooling Business Unit To The Glen Dimplex Group
Climate-control solutions firm Lennox International, Inc. (LII) announced Friday it has entered into a definitive agreement to sell its Krunkel, Germany-based Hyfra Process Cooling business unit to the Glen Dimplex Group.
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