Global Markets

Date Heading Details
10-Apr-2020   10:58 Hrs IST US markets end higher after Fed's plan to pump more than $2.3 trillion into US economy <p align="justify">The US markets ended higher on Thursday, extending their previous session's gains, as the Federal Reserve detailed additional actions to support the economy. Fed announced additional actions to provide up to $2.3 trillion in loans to support the economy during the ongoing coronavirus pandemic. The Fed said the funding will assist households and employers of all sizes and bolster the ability of state and local governments to deliver critical services during the coronavirus pandemic. Traders largely shrugged off preliminary data from the University of Michigan showing a record-breaking decline in US consumer sentiment in the month of April. The report said the consumer sentiment index plummeted to 71.0 in April after plunging to 89.1 in March. Street had expected the index to tumble to 75.0.</p><p align="justify">Besides, first-time claims for US unemployment benefits decreased in the week ended April 4th but still came in well above street estimates, according to a report released by the Labor Department. The report said 6.606 million people filed for unemployment last week, a decrease of 261,000 from the previous week's upwardly revised level of 6.867 million. Street had expected jobless claims to drop to 5.250 million from the 6.648 million originally reported for the previous week. The spike in initial jobless claims in the latest week brings the total since the coronavirus-induced shutdown to 16.780 million.</p><p align="justify">Dow Jones Industrial Average surged 285.8 points or 1.22 percent to 23,719.37, Nasdaq rose 62.67 points 0.77 percent to 8,153.58 and S&amp;P 500 was up by 39.84 points or 1.45 percent to 2,789.82.<br></p>
09-Apr-2020   15:34 Hrs IST Asian markets end mostly higher on Thursday <p align="justify">Asian markets ended mostly higher on Thursday on expectations that governments would roll out more stimulus measures amid optimism that corona virus infections around the world are nearing a peak. Oil prices are rising ahead of a meeting of major global oil producers on expectations that they will agree production cuts to counter the slump in demand caused by corona virus lockdowns. Chinese shares ended up as Wuhan, the Chinese city where the outbreak was first recorded late last year, returned to normalcy following the easing of lockdown restrictions in the city. Though, Japanese shares finished marginally lower on worries about the impact of the corona virus pandemic on corporate Japan's earnings. Japan recorded 503 new corona virus infections on Wednesday, its biggest daily increase since the outbreak.<p><table width="100%" border="1" cellspacing="1" cellpadding="1"><tbody><tr><td><p align="justify"><strong>Asian</strong> <strong>Indices</strong></p></td><td><p align="justify"><strong>Last Trade&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </strong></p></td><td><p align="justify"><strong>Change in Points</strong></p></td><td><p align="justify"><strong>Change in %</strong></p></td></tr><tr><td><p align="justify">Shanghai Composite</p></td><td><div>2,825.90</div></td><td><div>10.53</div></td><td><div>0.37</div></td></tr><tr><td><p align="justify">Hang Seng</p></td><td><div>24,300.33</div></td><td><div>329.96</div></td><td><div>1.38</div></td></tr><tr><td><p align="justify">Jakarta Composite</p></td><td><div>4,649.08</div></td><td><div>22.38</div></td><td><div>0.48</div></td></tr><tr><td><p align="justify">KLSE Composite</p></td><td><p align="justify">1,369.76</p></td><td><p align="justify">8.37</p></td><td><p align="justify">0.61</p></td></tr><tr><td><p align="justify">Nikkei 225</p></td><td><div>19,345.77</div></td><td><div>-7.47</div></td><td><div>-0.04</div></td></tr><tr><td><p align="justify">Straits Times</p></td><td><div>2,571.32</div></td><td><div>31.88</div></td><td><div>1.26</div></td></tr><tr><td><p align="justify">KOSPI&nbsp;Composite</p></td><td><div>1,836.21</div></td><td><div>29.07</div></td><td><div>1.61</div></td></tr><tr><td><p align="justify">Taiwan Weighted</p></td><td><div>10,119.43</div></td><td><div>-18.04</div></td><td><div>-0.18</div></td></tr></tbody></table></p>
09-Apr-2020   10:44 Hrs IST Asian markets trade mostly higher in early deals on Thursday
09-Apr-2020   08:12 Hrs IST US markets end higher on Wednesday
08-Apr-2020   15:42 Hrs IST Asian markets end mostly lower on Wednesday
08-Apr-2020   10:59 Hrs IST Asian markets trade mostly lower in early deals on Wednesday
08-Apr-2020   08:17 Hrs IST US markets end marginally lower on Tuesday
07-Apr-2020   15:32 Hrs IST Asian markets end mostly higher on Tuesday
07-Apr-2020   11:15 Hrs IST Asian markets trade mostly in green in early deals on Tuesday
07-Apr-2020   08:17 Hrs IST US markets end sharply higher on Monday