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Source: Live Mint NEW YORK (Reuters) – The dollar retreated on Tuesday, giving back some of its sharp gains a day earlier after an inflation reading came in below market expectations. The Labor Department said the consumer price index increased 0.2% last month, below expectations of economists polled by Reuters for a 0.3% gain, after…
Source: Live Mint IT stocks in focus: Although the Nifty IT index rebounded sharply during the second half of April, it ended the month in negative territory, extending its losing streak to a fourth consecutive month—the longest such streak since 2016—losing 3% of value. Seven out of the 10 constituents of the index closed lower…
Source: Live Mint In India, the Nifty 50 plunged over 5% in four days post tariff announcement, while the India Volatility Index (VIX) shot up 65.7% to 22.8 on 7 April —its sharpest single-day spike since 2007. Though US President Donald Trump partially rolled back tariffs on 9 April, offering a 90-day pause for most…
Source: Live Mint Stock market crash today: It turned out to be a ‘Black Monday’ for Indian stock market investors, as tariffs imposed by US President Donald Trump on over 180 countries across the globe unleashed an ‘economic nuclear war’, sending Dalal Street into a tailspin. Tracking a plunge in Asian peers and Wall Street,…
Source: Live Mint Stocks have taken a beating—but this week may provide a more definitive direction for the coming months. All three major U.S. indexes were deeply in the red for a second consecutive day Friday. The S&P 500 is down 17% from the record close it notched in late February, and marked its worst…
Source: Live Mint He’s serious, and that’s seriously bad news for the stock market. President Donald Trump launched a major new phase in his trade war on Wednesday, imposing tariffs on nearly every country on the globe. The selling hasn’t stopped since. The Dow Jones Industrial Average plunged 9.3% in two days and fell into…
Source: Live Mint Analysts at Goldman Sachs have raised US tariff assumptions for the second time in less than a month, expecting the average tariff rate to rise 15 percentage points in 2025. Terming the revision a “more aggressive assumption for reciprocal tariffs” Goldman Sachs said it expects US President Donald Trump to announce an…
Source: Live Mint (Bloomberg) — Corporate debt’s halcyon days are showing signs of fading, with trade wars damping what had been a relentless demand for credit. “Cracks that appeared in the credit market last week culminated into a fracture this week,” Bank of America Corp. strategist Neha Khoda wrote in a note, adding that markets…
Source: Live Mint The Sahm Rule might be a good indicator of a recession. But the timing of when the Bank of Japan unnecessarily hikes interest rates might be even better. Until the events of recent days, Bank of Japan Governor Kazuo Ueda had earned plaudits for unwinding the massive stimulus policies of his predecessor without…
Source: Live Mint A COUNTRY BATTLING recession, high energy costs and political uncertainty may be an unlikely home for Europe’s hottest stockmarket. But Germany’s DAX index, the benchmark for its 40 largest publicly traded companies, rose by 12% in dollar terms last year, making it one of the best-performing indices in Europe (see chart 1)….
