European shares gain, led by housebuilders, mining companies
LONDON, Aug 23 European shares advanced on Tuesday, with housebuilders leading the market higher and mining companies rebounding from their declines the day before.
* The BSE index falls 0.86 percent and the 50-share NSE index slips 0.82 percent. * Domestic shares fall in line with weak global shares that fell on market talk that a hedge fund had been liquidating large positions in commodities, as well as worries the Federal Reserve could slow its bond buying program. * The MSCI's broadest index of Asia-Pacific shares outside Japan tumbles 1.8 percent, Hong Kong shares slides 1.6 percent while Tokyo's Nikkei stock average falls 1.26 percent. * Bank shares lead the falls a day after RBI data showed that loan growth continues to remain a concern. ICICI Bank shares fall 1.6 percent while State Bank of India falls 0.8 percent. * Banks' advances grew 8.7 percent so far this fiscal year, compared with 11.2 percent a year earlier, while deposit growth was 7.8 percent compared with 11.4 percent in the same period a year earlier. * Shriram Transport Finance Co Ltd shares sink 7 percent after U.S. private equity firm TPG Capital planned to sell part of its stake in the company to raise about $300 million, according to a term sheet seen by Reuters. (email@example.com; firstname.lastname@example.org)
Aug 23 The Nasdaq hit a record intraday high on Tuesday, with the overall gain in U.S. stocks led by technology and financial companies, as investors weighed the prospect of an interest rate hike this year.
Aug 23 Wall Street was set to open higher for the first time in three days on Tuesday as investors await Federal Reserve Chair Janet Yellen's speech this week for clues on the next interest rate hike.