Tag: stocks
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Russia’s Rouble falls against dollar, stocks slide as Putin orders troops to Ukraine
The rouble hit a near two-year low and Russian stocks slumped as President Vladimir Putin ordered the deployment of troops to two breakaway regions in eastern Ukraine after recognising them as independent
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PSX is dominated by 31 influential families, report says
Lahore, 5th May: Pakistan Stock Exchange (PSX) market is dominated by 31 influential families. Baaghi TV: A study by the Pakistan Institute of Development Economics (PIDE) has revealed that only 31 families dominate the Pakistan Stock Exchange. It has also come into notice that the boards of directors of KSE-100 index companies are mostly the…
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Dow, S&P 500 bounce back after weak session
New York, (24th March, 2021, 08:10 pm) (AFP/APP):Wall Street stocks mostly rose early Wednesday, shrugging off the prior session’s weakness, ahead of another round of congressional testimony from US economic policymakers. Federal Reserve Chair Jerome Powell told a House panel Tuesday that inflation could tick higher, but that price increases would likely be temporary.…
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Nasdaq drops 3% on inflation fears, WTI oil loses 7.1%
New York, March 18 (AFP/APP):Rising bond yields spurred by concerns over inflation hammered tech stocks and sent Wall Street closing lower on Thursday, while oil markets slid on fears of a renewed demand slump. The tech-rich Nasdaq Composite Index slid 3.0 percent to close at 13,116.17, while the broad-based S&P 500 lost 1.5 percent to…
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Muted opening for Wall Street ahead of Fed meeting
New York, March 16 (AFP/APP):US stocks opened trading cautiously on Tuesday, as traders digested downbeat economic data thanks to February winter storms and eyed the Federal Reserve’s meeting set to begin in the afternoon. Government data released before markets opened showed retail sales plunging 3.0 percent and industrial production falling 2.2 percent, in what analysts…
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Asian markets mixed ahead of key Fed meeting
Hong Kong, March 15 (AFP/APP):Asia markets were mixed Monday as an early rally lost momentum with attention on this week’s Federal Reserve policy meeting, which comes as investors fret that economic recovery will fan inflation and force an interest rate hike earlier than thought. The general mood across trading floors is of a blockbuster surge…
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Hong Kong stocks finish on positive note
Hong Kong, March 15 (AFP/APP):Hong Kong shares closed Monday slightly higher following a hefty loss at the end of last week, while investors kept tabs on the upcoming meeting of the US Federal Reserve. The Hang Seng Index added 0.33 percent, or 94.04 points, to 28,833.76. The benchmark Shanghai Composite Index fell 0.96 percent, or…
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Stocks mixed as record-breaking week approaches end
London, March 12 (AFP/APP):US and European stocks traded mixed on Friday as a week that saw equities set new records on both sides of the Atlantic neared its finish. In Europe, London’s FTSE 100 gained as a drop in the pound helped take the sting out of data showing that Britain’s economy tanked on the…
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Hong Kong Stocks End Week on a Negative Note
Hong Kong stocks ended the week on a negative note.
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Hong Kong stocks end morning higher
Hong Kong, March 11 (AFP/APP):Hong Kong stocks rallied Thursday morning, in line with most Asian markets and following a record on Wall Street, as US price data soothed concerns about a surge in inflation caused by the expected global recovery this year. The Hang Seng Index rose 1.60 percent, or 463.71 points, to 29,371.23. Stay…