Global Markets News

Solid start to second quarter for European stocks, dollar


LONDON - European stock markets made solid starts to the second quarter on Wednesday as data pointing to a gradual recovery in the euro zone economy gave investors fresh impetus after their blowout first few months of the year.

Oil prices slip under $55 as Iran talks extend beyond deadline

LONDON - Brent crude oil futures slipped below $55 a barrel on Wednesday on speculation that a last-minute deal over Iran's nuclear program would be reached, opening the way for more Iranian crude to come into world markets.

2:52pm IST

Weak demand hits China factory, services firms in March, more easing seen

BEIJING/SHANGHAI - Surveys of China's factory and services sectors showed stubborn weakness in the world's second-biggest economy in March, adding to bets that Beijing will have to roll out more policy support to avert a sharper slowdown. | Video

3:52pm IST

Dollar dips, market struggles for direction before U.S. jobs data

LONDON - The dollar fell back on Wednesday as a soft reading on Japanese business sentiment dented Tokyo shares but helped bolster the yen, while some improvement in Chinese data offered support to the Australian and New Zealand dollars.

2:33pm IST

European factories buoyant but weak Asia adds to stimulus calls

- Companies struggled in China and much of the rest of Asia in March, suggesting central banks may have to resort to more stimulus, just as factories in the euro zone begin to reap rewards from ultra-easy policy there.

3:25pm IST

China bank deposit insurance could tilt competitive landscape

SHANGHAI - China's newly announced deposit insurance scheme could pressure margins at struggling state-owned banking giants, but the country's small lenders still have their work cut out to take market share from the big players.

3:54pm IST
World Markets

India's Hero MotoCorp vehicle sales up 6.2 pct in 2014-15

MUMBAI, April 1 - Hero Motocorp Ltd, India's largest maker of motorcycles and scooters, said on Wednesday its sales for the year ended March 31 rose 6.2 percent from a year earlier to 6.63 million units.

4:01pm IST

European shares fall early; euro zone PMIs eyed

PARIS, April 1 - European shares dropped in early trading on Wednesday, starting the new quarter on a negative note after poor macro data from China.

Europe shares rise after better-than-expected PMIs

PARIS, April 1 - European shares reversed early losses and rose on Wednesday, starting the new quarter on a positive note, helped by data showing manufacturing activity across the euro zone accelerated faster than previously thought last month.

HK stocks up on China factory survey; start-up shares strong

HONG KONG, April 1 - Hong Kong stocks rose on Wednesday after a better-than-expected Chinese factory activity survey, with start-up shares surging after China allowed insurers to invest in the city's Growth Enterprise Market (GEM).

1:42pm IST
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