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Canadian markets are catching up to a global selloff on Tuesday that rocked major stock indices around the world the day before.

The summit, scheduled on 14 October, is expected to gather around 300 industry leaders in a move to «catalyse investment in the UK», according to the UK government. Chancellor Rachel Reeves, who is meeting the three CEOs in New York this week, reiterated once again that «Britain is open for business» and added that by signing up «to our international investment summit, it shows they believe it too». «They recognise we have taken some difficult decisions to fix the foundations of our economy and set us on a path to sustained economic growth as the government's number one mission – it ...

recession in the US have contributed to the collapse in equity markets. Major US stock indexes fell sharply on Monday. The Dow Jones Industrial Average fell 986.88 points, or 2.48 per cent, to 38,750.38, the S&P 500 lost 152.23 points, or 2.85 per cent, to 5,194.33 and the Nasdaq Composite dropped 563.51 points, or 3.36 per cent, to 16,212.65.

Wall Street's main indexes rose in volatile trading on Tuesday, as investors looked for bargains after a rout in the previous session, while dovish rate commentary from Federal Reserve officials also lifted the mood. Most megacap and growth stocks, which together lost $200 billion in market value on Monday, gained as Nvidia bounced back 2.3%.

fiscal deficit will decide on the direction of sovereign ratings. S&P Director, Sovereign and International Public Finance Ratings (Asia-Pacific), Andrew Wood said the rating agency sees a lot of promise in India's economic growth story even though the global economic growth outlook remains somewhat challenging. «We could raise the rating if India's fiscal deficit narrows meaningfully such that change in net general government deficit falls below 7 per cent of GDP on a structural basis,» Wood said at a webinar on Asia-Pacific.

Japan's Nikkei 225 was down 12.4% as markets closed on Monday, according to data from MarketWatch, the worst one day fall in over three decades. The US Nasdaq Composite opened 6.3% lower on Monday morning, while the S&P 500 was down 4.2%. The fall came amid concerns over a US recession after traders reacted to lower-than-expected employment figures from the world's largest economy on Friday (2 August), which collided with worries from investors and analysts that the Federal Reserve may have delayed beginning its rate cutting cycle for too long.  Japanese index suffers worst ever fa...

Circle Squared Alternative Investments' Jeff Sica argues there's a problem in the credit market as he weighs in on the market selloff.

«So, while there are technical factors like the yen carry trade or the lack of confidence in the AI theme with the returns not commensurate with the investments that are being made in AI, etc, those are probably technical issues related to the market which is triggering some foreign selling,» says Rajesh Bhatia, CIO, ITI MF. The one question that everybody wants to have an answer for is how much should one be having the confidence that it is the kind of uptick that we are seeing on Nifty 50 today, the kind of gains that we are seeing today, how much is that giving you the confidence that yes, we are over the global selloff or do you believe that in the near term there are some more risks that could be there in the room? Rajesh Bhatia: Well, look at it this way. Among the strongest markets in the world today has been the Indian market.

Also Read: In charts: Big shifts in India’s jobs market in last 40 years Since the youth prefer the stability of salaried employment, and also show a desire to find such opportunities in or around their village, it’s important to bring the economy to the people and create opportunities for aspirational migration, the report said. India’s rural labour market is still dominated by agriculture, employing 49% of male workers and 76% of the female workers, according to the government’s 2022-23 Periodic Labour Force Survey.

Mint explains the rationale for these moves and what it entails for the future of IndiGo and the Indian aviation ecosystem. After covid-related restrictions were eased in May 2020, India’s aviation ecosystem recovered strongly. The visible signs of an expanding economy, a growing middle class, and higher disposable income were credited with for boosting travel across metros and smaller cities.

«I do not think that is the only thing that is going on. Though, I think what has happened here is the market was extremely buoyant and arguably priced for something approaching perfection when it got a bit of a wake-up call that the economy was slowing down from last Friday's non-farm payrolls number in the US,» says Arnab Das, Global Macro Strategist-EMEA, Invesco. So, you heard what Jim Rogers, the commodity guru, has had to say, and he says this has been long overdue and these kind of conditions are brought on by a lot of leverage across markets around the world. Do you agree? Do you think that the kind of factors that influence the markets are going to take them down even further? Arnab Das: Well, I think it is certainly a risk. I think there has been a big build-up in public sector leverage in the US and many other countries, particularly in the West, as a result of the pandemic and to some extent, the war in Ukraine. And I think that has been a factor in keeping growth so high and in generating a boom in investment, construction, manufacturing renaissance of sorts in the US. I do not think that is the only thing that is going on.

Shippers and producers held their breath ahead of a possible strike by thousands of railworkers this month that would halt freight traffic, clog ports and disrupt industries.

In markets and economics, you sometimes have to hold two thoughts in your head simultaneously—an important lesson now that the US unemployment rate has surged to its highest in nearly three years. First, the labour market probably isn’t quite as imperilled as the main figure suggests. Second, the speed at which it’s cooling ratchets up risks, and the Federal Reserve should entertain the possibility that it’ll need to cut rates by 0.5 percentage point in September.

Markets on Wall Street and around the world are in a mini-panic

Wall Street fell the most in nearly two years, continuing a global rout in financial markets, as fear worsens that the U.S. economy is slowing down

Facing the need to win Pennsylvania, Vice President Kamala Harris has sworn off any prior assertion that she opposed fracking

Nearly everything on Wall Street tumbled as fear about a slowing U.S. economy worsened and set off another sell-off for financial markets around the world

Japan's Nikkei 225 stock index has plunged more than 12% as investors worried that the U.S. economy may be in worse shape than had been expected and dumped a wide range of shares

CSX railroad’s second quarter profit slipped 2% as it scrambled to respond to the Baltimore bridge collapse that disrupted coal exports

The Socioeconomic Theory of Finance author Robert Prechter analyzes todays economic environment on Cavuto: Coast to Coast. 

San Francisco Federal Reserve President Mary Daly on Monday said she expects that interest rates will be cut later this year but declined to provide a timetable or the extent to which the central bank will ease.