Global Markets

Date Heading Details
19-Oct-2019   09:39 Hrs IST US markets settle in red territory on worries about global economy <p align="justify">The US markets settled in red territory on Friday amid concerns about the global economic outlook following the release of disappointing Chinese data. Data from the National Bureau of Statistics showed China's economy grew at the slowest rate in nearly three decades in the third quarter, raising pressure on policymakers to roll out more stimulus. China's GDP grew 6 percent year-on-year in the third quarter after rising 6.2 percent in the second quarter. This was the slowest growth since the early 1990s. Growth was forecast to slow marginally to 6.1 percent. Besides, lingering uncertainty about a possible US-China trade deal and questions about the Brexit deal getting through parliament also weighed on the markets.</p><p align="justify">On the economic front, the Conference Board released a report showing an unexpected drop by its reading on leading US economic indicators in the month of September. The Conference Board said its leading economic index edged down by 0.1 percent in September after dipping by a revised 0.2 percent in August. Market participants had expected the index to rise by 0.2 percent compared to the unchanged reading originally reported for the previous month. Moreover, earnings season gets into full swing next week, with a slew of big-name companies scheduled to release their quarterly results. Traders are looking ahead to the report on new and existing home sales and durable goods orders to be out in next week.</p><p align="justify">Dow Jones Industrial Average slipped 255.68 points or 0.95 percent to 26770.20, Nasdaq declined 67.31 points or 0.83 percent to 8089.54 and S&amp;P 500 was down by 11.75 points or 0.39 percent to 2986.20.<br></p>
18-Oct-2019   15:18 Hrs IST Asian markets end mostly lower on Friday <p align="justify">Asian markets ended mostly lower on Friday as worries about the health of the world's second-largest economy overshadowed optimism from a Brexit deal between the UK and the European Union. Chinese shares ended lower after the release of China's disappointing third-quarter growth data, that raising pressure on policymakers to roll out more measures. Reports showing China's GDP grew 6 percent year-on-year in the third quarter after rising 6.2 percent in the second quarter, the National Bureau of Statistics said. This was the slowest growth since early 1990s. Growth was forecast to slow marginally to 6.1 percent. Though, Japanese shares closed at a 10-month high as investor sentiment was bolstered by US shares trading higher overnight on the back of solid corporate earnings. Sentiment was also boosted after the government said the trade deal reached between the US and Japan will boost domestic growth by about 0.8 percent.<p align="justify"><table width="100%" border="1" cellspacing="1" cellpadding="1"><tbody><tr><td><p align="left"><strong>Asian</strong> <strong>Indices</strong></p></td><td><p align="left"><strong>Last Trade&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp;&nbsp; </strong></p></td><td><p align="left"><strong>Change in Points</strong></p></td><td><p align="left"><strong>Change in %</strong></p></td></tr><tr><td><p align="justify">Shanghai Composite</p></td><td><div>2,938.14</div></td><td><div>-39.19</div></td><td><div>-1.32</div></td></tr><tr><td><p align="justify">Hang Seng</p></td><td><div>26,719.58</div></td><td><div>-128.91</div></td><td><div>-0.48</div></td></tr><tr><td><p align="justify">Jakarta Composite</p></td><td><div>6,191.95</div></td><td><div>10.94</div></td><td><div>0.18</div></td></tr><tr><td><p align="justify">KLSE Composite</p></td><td><p align="justify">1,571.15</p></td><td><p align="justify">-3.35</p></td><td><p align="justify">-0.21</p></td></tr><tr><td><p align="justify">Nikkei 225</p></td><td><div>22,492.68</div></td><td><div>40.82</div></td><td><div>0.18</div></td></tr><tr><td><p align="justify">Straits Times</p></td><td><div>3,114.16</div></td><td><div>-11.98</div></td><td><div>-0.38</div></td></tr><tr><td><p align="justify">KOSPI&nbsp;Composite</p></td><td><div>2,060.69</div></td><td><div>-17.25</div></td><td><div>-0.83</div></td></tr><tr><td><p align="justify">Taiwan Weighted</p></td><td><div>11,180.22</div></td><td><div>-6.66</div></td><td><div>-0.06</div></td></tr></tbody></table></p>
18-Oct-2019   10:52 Hrs IST Asian markets trade mostly lower in early deals on Friday
18-Oct-2019   08:40 Hrs IST US markets end higher amid Brexit draft deal
17-Oct-2019   15:19 Hrs IST Asian markets end mostly lower on Thursday
17-Oct-2019   11:40 Hrs IST Asian markets trade mixed in early deals on Thursday
17-Oct-2019   08:47 Hrs IST US markets end lower after weak US retail sales
16-Oct-2019   15:50 Hrs IST Asian markets end mostly higher on Wednesday
16-Oct-2019   10:33 Hrs IST Asian markets trade mostly higher in early deals on Wednesday
16-Oct-2019   08:44 Hrs IST US markets end higher as investors cheer start to earnings season