Global Markets News

Wall St. little changed in choppy trading; financials weigh


- Wall Street was little changed in choppy trading on Friday as investor optimism due to fading chances of an interest rate hike this year was offset by a fall in energy and financial stocks. | Video

Fed still plans rate hike this year, but not committed

NEW YORK - Two influential Federal Reserve policymakers on Friday reinforced the message that an interest rate hike is coming before year end, saying that while they expect to move, things could change that force the U.S. central bank to delay again.

10:53pm IST

China concerns leave central banks in difficult spot

LONDON - The coming week will provide clues on whether the global economy is escaping from its lackluster growth rut, amid growing concerns of another downturn which central banks have few tools left to fight.

9:27pm IST

Fed's Evans says rate hike path, not liftoff timing, is key

MILWAUKEE - A Federal Reserve policymaker who has long called for deferring interest rate hikes until next year appeared to soften his stance on Friday, saying that what really matters is that increases, once begun, must be very gradual.

10:41pm IST

Oil near flat, choppy after posting big weekly rise early

NEW YORK - Oil prices swung back and forth in choppy trade on Friday as traders closed positions at the end of a week that saw prices rising by the most in over six years earlier in the session.

9:47pm IST

Commodity rebound lifts world equities

NEW YORK - Stocks on major world markets were on track for their biggest weekly gain since 2011 on Friday, helped by this week's strong rebound in metals and crude oil prices.

10:02pm IST
World Markets

BRIEF-Vedanta says focused on optimising operating, capital expenses

* Oil & gas: Q2 production up 6 pct and H1 production in line with guidance

11:45am IST

European shares set for best week since January

LONDON, Oct 9 - Top European stocks climbed to a one-month high on Friday and were set for their best weekly gain since late January on renewed hopes that central banks would keep monetary policy loose for longer.

European shares end best week since January at one-month high

MILAN/LONDON, Oct 9 - European shares rose to a one-month high on Friday after making their biggest weekly gain since January as mining stocks gained and hopes grew that interest rates would stay low for longer.

Hong Kong shares post best week in six months on cautious Fed

Oct 9 - Hong Kong stocks rose on Friday, capping their biggest weekly gain in six months on improving risk appetite globally as minutes from Federal Reserve's latest meeting further eroded expectations of a near-term U.S. rate hike.

1:43pm IST
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