Global Markets News

Wall Street edges up to extend weekly gains

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NEW YORK - U.S. stocks advanced modestly on Friday, extending gains after the best two-day run for the benchmark S&P 500 in three years was sparked by the Federal Reserve's most recent policy statement.

Equities extend rally, oil rebounds

LONDON/NEW YORK - Equity markets worldwide extended the week's rally on Friday, and oil prices rebounded from recent lows as traders said investors were starting to reduce exposure as the end of year approaches.

9:36pm IST

Dollar inches higher on diverging central bank policies

NEW YORK - The U.S. dollar rose against major currencies for a third straight session on Friday on diverging monetary policy between the Federal Reserve and other major central banks.

9:30pm IST

Russia's parliament rushes through bill boosting banking capital

MOSCOW - Russia's lower house of parliament hastily approved a draft law on Friday that would give the banking sector a capital boost of up to 1 trillion rubles ($16.5 billion).

8:39pm IST

Oil rallies over $60, heads for 4th weekly fall on glut

LONDON - Brent crude oil rose above $60 a barrel on Friday, rallying from near a 5-1/2-year low as investors squared books ahead of the year-end festive break after six months of falling prices.

7:56pm IST

Fed creating 'unacceptable' risks to inflation: Kocherlakota

- The Federal Reserve is creating "unacceptable" downside risks to U.S. inflation by signaling it will gradually remove monetary stimulus next year despite low inflation, Minneapolis Federal Reserve Bank Narayana Kocherlakota said on Friday.

8:35pm IST
World Markets

MARKET EYE -Indian IT stocks gain; Accenture raises revenue forecast

(Starting on Mon, Dec. 22, our MARKET EYES for stocks will be renamed as BUZZ in line with global editorial changes)

9:20am IST

Tech stocks lead European shares higher on M&A boost

PARIS, Dec 19 - European stocks climbed early on Friday, with French information technology services firm Atos SE leading a rally in tech stocks after unveiling a deal to buy Xerox Corp's IT outsourcing arm.

European shares pause, hit by drop in Roche and Italian banks

* Air France tumbles after third profit warning (Recasts, adds details, quote)

Hong Kong shares close up, buoyed by U.S. optimism

HONG KONG, Dec 19 - Hong Kong shares finished up on Friday, climbing for a second day heartened by the prospect that U.S. interest rates will stay low for a while.

1:38pm IST
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Hang Seng 23,116.63 +284.42 +1.25%
Sensex 27,371.84 +245.27 +0.90%
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USD/INR 63.255 +0.33%
GBP/INR 98.849 +0.17%
Gold 1,198.60 +3.90 +0.33%
Oil 55.80 +1.69 +3.12%
Corn 409.00 -2.00 -0.49%

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