Italian town rocked by series of earthquakes triggered by supervolcano
A 4.2 magnitude earthquake on September 27, the strongest jolt in more than 40 years to rattle the volcanic field, sparked fears that what scientists call a "seismic crisis" may be underway for the first time since the early 1980s. Key Points
India TodayIndia's Nifty, Sensex hit new record highs as strong US data lifts mood
Indian shares opened higher on Friday, with the benchmarks scaling new all-time highs on improved sentiment following robust economic data from the U.S., which eased fears of a slowdown. Key Points
ReutersMarkets climb in early trade on continuous foreign fund inflow
Benchmark indices extended their winning run on May 9, in the morning, helped by continuous buying from foreign institutional investors and on signs that recession fears in the U.S. are easing. Key Points
The HinduEmerging markets set for February decline as rate hike fears dampen mood
A rally in EM stocks at the beginning of 2023 has petered out in recent weeks after signs of strength in the U.S economy fueled fears of aggressive rate hikes by the Federal Reserve and geopolitical risks including heightened U.S.-China tensions also weighed on sentiment. Key Points
India TodayAsian shares hit 11-month low on Middle East anxiety, surging yields
By Stella Qiu SYDNEY (Reuters) - Asian shares plumbed a fresh 11-month trough on Friday as fears of a regional conflict in the Middle East intensified and as a relentless rise in long-term U.S. yields Key Points
ThePrint/cloudfront-us-east-2.images.arcpublishing.com/reuters/BCTVMHSTDRLAVJSJHNKUP4UUNQ.jpg)
Oil heads for third straight weekly loss as economic worries persist
Oil prices held steady in early trading on Friday, but were set for a third straight week of losses after markets witnessed dramatic drops on fears of a weakening U.S. economy and slowing Chinese demand. Key Points
ReutersOil falls more than $2 on easing Middle East fears
By Erwin Seba HOUSTON (Reuters) -Oil prices fell more $2 a barrel on Thursday as fears of a wider Middle East conflict eased at the same time that U.S. demand showed signs of weakening. Brent crude Key Points
ThePrintTactical bets in bearish time: 6 metal stocks that can deliver up to 44% returns
It is normally said and there is enough evidence to support it, that if the market is falling because of fear of economic slowdown or there are fears of a recession, then metals would be the first sector to get hit. The question is whether this round of fall in the Indian market is due to those fears? The answer is most likely No. What the Indian market is witnessing is correction of valuations, which have gone extremely high due to excess liquidity chasing Indian stocks for the past six months. So, there is a good chance that sectors like metals which are more impacted by what is happening in China would be able to perform much better even in bearish times, as the Chinese government makes another round of effort to pull the economy out of the slowdown. Key Points
Economic TimesInvestors most underweight stocks versus bonds since 2009, BofA says
In the most bearish survey of this year — the first after banking turmoil roiled markets last month — investors indicated that fears of a credit crunch had driven up bond allocation to a net 10% overweight — the highest since March 2009. A net 63% of participants now expect a weaker economy, the most pessimistic reading since December 2022. Key Points
Economic TimesSGX Nifty down 5 points; here's what changed for market while you were sleeping
Foreign portfolio investors (FPIs) have net sold shares worth Rs 1,271 crore on Wednesday. DIIs, on the other hand, bought shares worth Rs 1,823 crore. Key Points
Economic Times
Safe-haven yen, Swiss franc soar as US slowdown fears flare
By Kevin Buckland TOKYO (Reuters) - The safe-haven Japanese yen and Swiss franc traded near multi-month highs against the dollar on Friday after an unexpected slump in U.S. manufacturing fuelled fears Key Points
ThePrintWall Street surges, oil slumps ahead of Fed meet
Oil prices dropped partly as fears eased about the Israel-Hamas war disrupting supply from the region, and U.S. Treasury yields rose before the Treasury Department's update on its expected financing need for the current quarter. Key Points
Economic TimesOil prices down on weaker growth in China, US rate hike jitters
By Katya Golubkova TOKYO (Reuters) - Oil prices fell in early trade on Thursday, extending losses to a fourth consecutive session on fears of slowing growth in China and possible further U.S. interest Key Points
ThePrintSensex surges 450 points, hits fresh record high; Nifty above 19,050
Indian shares rose on Friday, with the benchmarks scaling new all-time highs on improved sentiment following robust economic data from the U.S., which eased fears of a slowdown. The midcaps and smallcaps hovered around fresh record and 52-week highs, Key Points
Times Of IndiaNifty, Sensex hit new record highs as strong US data lifts mood
India Business News: All the 13 major sectoral indexes logged gains, with high-weightage financials rising 0.74%. India's blue-chip Nifty 50 and Sensex indexes rallied to Key Points
Times Of IndiaWall Street advances, dollar softens after solid economic data
By Stephen Culp NEW YORK (Reuters) -U.S. stocks advanced and the dollar softened on Tuesday as robust economic data helped alleviate recession fears stoked investors' risk appetite. All three major Key Points
ThePrintTech demand hits a low as clients tighten purse strings amid economic uncertainties
The dream growth that Indian IT service providers saw earlier in the pandemic because of increased spending by clients is decelerating. The revenue projections of companies for FY24 are at multi-year lows, pulled down by the IT spending cuts implemented by clients amid fears of a recession and the US banking crisis. Key Points
Economic TimesBank relief and Alibaba plans nudge stocks higher
MSCI's broadest index of Asia-Pacific shares outside Japan gained for a third day in a row, rising 0.3%. It is eyeing two consecutive quarters in the green for the first time since the middle of 2021. Key Points
FinancialexpressSGX Nifty up 55 points; here's what changed for market while you were sleeping
After turning buyers mid last week, FPIs have returned to their old ways by selling shares to the tune of Rs 890 crore on Monday. DIIs, on the other hand, too bought shares worth Rs 1,808 crore. Key Points
Economic TimesRupee falls to 5-week low amidst fears of contagion from SVB crisis
Rupee vs dollar rate today: The rupee ended down 0.44% at 82.49 per dollar, marking its biggest percentage drop since February 6. Key Points
Hindustan Times