Stocks soar on investor euphoria over political change
The prime index climbed 3.77 per cent, the biggest single-day gain in more than 43 months, on the very first trading day after the end of Sheikh Hasina's regime on Tuesday, riding on renewed optimism.Market analysts said spontaneous participation backed by hopes and excitement drove up the index. More and...
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Asia shares look for relief rally after rout
SYDNEY, Aug 6 (Reuters): Asian share markets were hoping for a relief rally on Tuesday as futures pointed to an opening bounce on the hard-hit Nikkei and central bank officials said all the right things to soothe market nerves.Nikkei futures were trading at 33,640, suggesting the cash market could open...
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Global market rout has more to do with end of cheap funding than US economy
LONDON, Aug 6 (Reuters): A meltdown in world equity markets in recent days is more reflective of a wind-down of carry trades used by investors to juice their bets than a hard and fast shift in the US economic outlook, analysts say.While Friday's weaker-than-expected US jobs data was the catalyst...
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Most Middle Eastern markets rebound as Fed calms investor nerves
Most stock markets in the Middle East rebounded on Tuesday, clawing back some of their losses from the previous session when fears of a possible US recession spooked investors, as comments from the Federal Reserve officials soothed their nerves, reports Reuters.San Francisco Federal Reserve Bank President Mary Daly on Monday...
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Indian benchmark indexes fail to track global recovery amid profit booking
BENGALURU, Aug 6 (Reuters): India's benchmark equity indexes fell on Tuesday, contrasting a broadly positive global momentum, dragged by profit booking with analysts citing valuation concerns and global uncertainties as factors denting sentiment.The NSE Nifty 50 index shed 0.26 per cent to 23,992.55, while the S&P BSE Sensex settled 0.21...
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Aftershocks of carry trade at heart of market rout could still have reverberations
NEW YORK, Aug 6 (Reuters): Investors said the aftershocks of a massive carry trade that has reverberated through global financial markets wasn't done yet, with more unwinding in the days ahead raising the risk of shake-outs to other assets.The Nasdaq Composite and the S&P 500 trimmed losses by the close...
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