Markets Insider News

Indian benchmark indices opened in the red on Tuesday, a day after closing at new all-time highs, tracking mi...

US stocks took a hit as protests dragged on in China, which could exacerbate supply-chain issues and hinder the Fed's inflation fight.

The Treasury Department said Kraken processed 826 transactions valued at $1.68 million on behalf of users who appeared to have been located in Iran.

"In many Apple stores we are seeing major iPhone 14 Pro shortages of up to 35%/40% of typical inventory heading into December," Wedbush says.

"The reality is Apple is... at the mercy of China's zero Covid policy which remains a very frustrating situation," Wedbush analyst Dan Ives said.

Russia's Urals crude oil fell to $51.96 per barrel at the Primorsk Baltic Sea port, with EU officials resuming talks on Monday.

A "positive inflection point for the Chinese economy and markets is still some way off," says UBS.

"Inflation will not get back to 2% quickly. That's what it means for us," Mohamed El-Erian said referring to anti-lockdown protests in China.

The Fed's rate hikes will have a delayed impact, and the US central bank may have limited options the next time markets freeze up, Jeremy Stein said.

The US economy "is akin to a large cruise ship that turns very slowly, and we're in the process of making those turns towards weakness," Dan Greenhaus said.

The first Fed rate cut will be 50 basis points in December 2023, followed by 150 basis points of cuts into 2024, the note said.

Hong Kong's benchmark Hang Seng Index closed 1.6% lower, and mainland China's CSI 300 index dropped 1.1%.

Oil prices hit a new low for 2022 as investors monitor the unrest and developments in China.

"The case for owning equities is the strongest now than it has been in all of 2022," Fundstrat's Tom Lee said, predicting a major stock rally on deck.

"We would like the sanctions to be very effective in this fight, so that the limit is at the level of $30-$40, so Russia feels them," Zelenskyy said.

China reported 40,052 new local COVID-19 cases on Monday - a daily record high for the fifth straight day.

The agrochemical company has been subscribed 1.79 times on the first day of the subscription process. The company plans to raise ₹251 crore via fresh...

As Sensex, Nifty50 hit record highs, this is what experts are advising investors...

Investors expect stocks to soar as inflation cools and the Fed cuts rates again, but they're ignoring the grim economic outlook, Boockvar said.

Australia's Woodside Energy has delivered an LNG cargo to German utility Uniper as European buyers scramble to replace lost Russian supplies.

India’s benchmark indices Sensex and Nifty50 came off new life-time peaks to close higher on Monday, buoyed by the oil and gas sector while shrugging off negative cues from Asian markets. The indices outperformed Asian markets and closed up 0.27-0.34% higher – marking a record high closing for the Sensex and the Nifty50 at 62,505 and 18,563 points, respectively.

Indian benchmark indices hit new all-time highs on Monday led by oil and gas stocks, overcoming morning trade jitters. While the Sensex hit a new all-time high of 62,701, the Nifty50 scaled 18,614.