The Benchmark Index of the Bombay Stock Exchange he Sensex fell 257.62 points or 0.96% to settle at 26,489.56 in theweek under Review , tracking weakness in other global stocksafter the US Federal Reserve (US Fed) hiked interest rate onWednesday, December 14, 2016.US Fed also hinted at a more aggressive pattern of rate increasesnext year. Higher interest rates in the US could result in dollar outflows fromemerging markets towards the US. Selling Domestic market was,however, contained by back-to-back positive data in the domestic economy.Nifty of NSE also fell 122.30 points or 1.48 percent to settle at8,139.45. The BSE Mid-Cap index fell 2.38 percent. The BSE Small-Cap indexfell 1.68 percent. Both these indices underperformed the Sensex.Trading for the week started on a negative note. Banking, telecomand index heavyweights ITC and Infosys led modest-to-strong lossesfor key benchmark indices on Monday, December 12, 2016. BSE Sensex,fell 231.94 points to settle at 26,515.24.Key benchmark indices registered modest gains on Tuesday, December 13, 2016. The Sensex had risen 182.58 points to settle at 26,697.82.Market settled with small losses in a volatile trading session onWednesday, December 14, 2016. The Sensex fell 94.98 points or 0.36%to settle at 26,602.84.Key benchmark indices ended the volatile session with small losseson Thursday, December 15, 2016. The Sensex fell 83.77 points or to settle at 26,519.07.Key benchmark indices registered small losses on Friday,December 16, 2016, tracking lacklustre trading on the European andAsian bourses. BSE Sensex, lost 29.51 points to settle at 26,489.56.MORE UNI JS AW12135
Showing posts with label Us Stock Market. Show all posts
Showing posts with label Us Stock Market. Show all posts
Saturday, 17 December 2016
Sensex down by 257.62 points on negative global cues
The Benchmark Index of the Bombay Stock Exchange he Sensex fell 257.62 points or 0.96% to settle at 26,489.56 in theweek under Review , tracking weakness in other global stocksafter the US Federal Reserve (US Fed) hiked interest rate onWednesday, December 14, 2016.US Fed also hinted at a more aggressive pattern of rate increasesnext year. Higher interest rates in the US could result in dollar outflows fromemerging markets towards the US. Selling Domestic market was,however, contained by back-to-back positive data in the domestic economy.Nifty of NSE also fell 122.30 points or 1.48 percent to settle at8,139.45. The BSE Mid-Cap index fell 2.38 percent. The BSE Small-Cap indexfell 1.68 percent. Both these indices underperformed the Sensex.Trading for the week started on a negative note. Banking, telecomand index heavyweights ITC and Infosys led modest-to-strong lossesfor key benchmark indices on Monday, December 12, 2016. BSE Sensex,fell 231.94 points to settle at 26,515.24.Key benchmark indices registered modest gains on Tuesday, December 13, 2016. The Sensex had risen 182.58 points to settle at 26,697.82.Market settled with small losses in a volatile trading session onWednesday, December 14, 2016. The Sensex fell 94.98 points or 0.36%to settle at 26,602.84.Key benchmark indices ended the volatile session with small losseson Thursday, December 15, 2016. The Sensex fell 83.77 points or to settle at 26,519.07.Key benchmark indices registered small losses on Friday,December 16, 2016, tracking lacklustre trading on the European andAsian bourses. BSE Sensex, lost 29.51 points to settle at 26,489.56.MORE UNI JS AW12135
Tuesday, 29 November 2016
Footsie lower as commodity stocks
The Footsie remained weak at lunchtime, weighed by falls from heavyweight commodity stocks as oil prices fell on caution ahead of tomorrow’s key Opec meeting in Vienna, with banks also lower ahead of UK stress test results.
Around mid session, the FTSE 100 index was down 41.0 points, or 0.6 per cent at 6,758.4, just off the day’s low of 6,745.41, and well below an early peak of 6,800.91.
US stock index futures pointed to little change at the open today in New York as traders suggested that the post-presidential election rally could have run its course, with uncertainty ahead of the Opec meeting a depressant.
Oil prices were lower today, reversing some of yesterday’s afternoon rally as doubts remain that the producer cartel will be able to hammer out a meaningful output cut agreement, which is aimed at reining in a global supply overhang and propping up prices. Brent crude fell 1.3 per cent to $47.60 a barrel.
US investors will also have a raft of economic data to digest today, including another reading for US GDP growth, as well as speeches from a number of Federal Reserve officials.
asper Lawler, Market Analyst at CMC Markets, said: ‘Later on data is expected to show US GDP grew at 3.0 per cent y/y in Q3, up from 2.9 per cent in the prior reading.
‘The US economy has had a stop-start year, but the most recent Q3 data showed signs of an upswing. This next revision should provide confirmation, adding fuel to the belief that US rates could rise next year.’
European markets, however, managed to tick higher, with Germany’s Dax 30 index up 0.1 per cent, and France’s CAC 40 index ahead 0.6 per cent.
Meanwhile Italy’s MIB rallied 1.0per cent higher after sharp falls yesterday, thanks to some bargain hunting, as sentiment around next weekend’s crucial constitutional referendum in the country ebbed and flowed.
Jasper Lawler, Market Analyst at CMC Markets, said: ‘Later on data is expected to show US GDP grew at 3.0 per cent y/y in Q3, up from 2.9 per cent in the prior reading.
‘The US economy has had a stop-start year, but the most recent Q3 data showed signs of an upswing. This next revision should provide confirmation, adding fuel to the belief that US rates could rise next year.’
European markets, however, managed to tick higher, with Germany’s Dax 30 index up 0.1 per cent, and France’s CAC 40 index ahead 0.6 per cent.
Meanwhile Italy’s MIB rallied 1.0per cent higher after sharp falls yesterday, thanks to some bargain hunting, as sentiment around next weekend’s crucial constitutional referendum in the country ebbed and flowed.
On currency markets, the pound pushed higher at lunchtime, adding 0.6 per cent against the dollar at $1.2482, and also gaining 0.6 per cent versus the euro at €1.1776.
Today’s UK data proved fairly upbeat, with Bank of England lending numbers showing mortgage approvals and total levels of consumer credit rose more than expected in October.
Meanwhile a report released overnight showed that British consumer morale edged up this month, bolstered by a strong labour market, despite rising concern about household finances.
Among equities, falls by commodity stocks remained the main drag on the FTSE 100 as oil and metal prices retreated after a rally yesterday, with silver miner Fresnillo dropping 2.9 per cent, or 37p at 1,241p, and copper miner Antofagasta losing 2.9 per cent, or 21.0p to 707.5p, while energy giant BP shed 1.6 per cent, or 7.1p at 445.2p.
Banking stocks were also struggling again ahead of UK stress test results tomorrow and amid concerns over Italy's referendum vote on constitutional reforms which could precipitate a collapse in the Italian banking sector.
Around mid session, the FTSE 100 index was down 41.0 points, or 0.6 per cent at 6,758.4, just off the day’s low of 6,745.41, and well below an early peak of 6,800.91.
US stock index futures pointed to little change at the open today in New York as traders suggested that the post-presidential election rally could have run its course, with uncertainty ahead of the Opec meeting a depressant.
Oil prices were lower today, reversing some of yesterday’s afternoon rally as doubts remain that the producer cartel will be able to hammer out a meaningful output cut agreement, which is aimed at reining in a global supply overhang and propping up prices. Brent crude fell 1.3 per cent to $47.60 a barrel.
US investors will also have a raft of economic data to digest today, including another reading for US GDP growth, as well as speeches from a number of Federal Reserve officials.
asper Lawler, Market Analyst at CMC Markets, said: ‘Later on data is expected to show US GDP grew at 3.0 per cent y/y in Q3, up from 2.9 per cent in the prior reading.
‘The US economy has had a stop-start year, but the most recent Q3 data showed signs of an upswing. This next revision should provide confirmation, adding fuel to the belief that US rates could rise next year.’
European markets, however, managed to tick higher, with Germany’s Dax 30 index up 0.1 per cent, and France’s CAC 40 index ahead 0.6 per cent.
Meanwhile Italy’s MIB rallied 1.0per cent higher after sharp falls yesterday, thanks to some bargain hunting, as sentiment around next weekend’s crucial constitutional referendum in the country ebbed and flowed.
Jasper Lawler, Market Analyst at CMC Markets, said: ‘Later on data is expected to show US GDP grew at 3.0 per cent y/y in Q3, up from 2.9 per cent in the prior reading.
‘The US economy has had a stop-start year, but the most recent Q3 data showed signs of an upswing. This next revision should provide confirmation, adding fuel to the belief that US rates could rise next year.’
European markets, however, managed to tick higher, with Germany’s Dax 30 index up 0.1 per cent, and France’s CAC 40 index ahead 0.6 per cent.
Meanwhile Italy’s MIB rallied 1.0per cent higher after sharp falls yesterday, thanks to some bargain hunting, as sentiment around next weekend’s crucial constitutional referendum in the country ebbed and flowed.
On currency markets, the pound pushed higher at lunchtime, adding 0.6 per cent against the dollar at $1.2482, and also gaining 0.6 per cent versus the euro at €1.1776.
Today’s UK data proved fairly upbeat, with Bank of England lending numbers showing mortgage approvals and total levels of consumer credit rose more than expected in October.
Meanwhile a report released overnight showed that British consumer morale edged up this month, bolstered by a strong labour market, despite rising concern about household finances.
Among equities, falls by commodity stocks remained the main drag on the FTSE 100 as oil and metal prices retreated after a rally yesterday, with silver miner Fresnillo dropping 2.9 per cent, or 37p at 1,241p, and copper miner Antofagasta losing 2.9 per cent, or 21.0p to 707.5p, while energy giant BP shed 1.6 per cent, or 7.1p at 445.2p.
Banking stocks were also struggling again ahead of UK stress test results tomorrow and amid concerns over Italy's referendum vote on constitutional reforms which could precipitate a collapse in the Italian banking sector.
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