MSCI Financial News

global markets on Thursday, the US stocks were little changed ahead of the jobs data, while European equities gained as bond yields and oil prices declimed. MSCI's gauge of stocks across the globe was down 0.17%. Recently, global markets were hit due to hawkish comments from central banks and strong US economic data bolstering bets that interest rates will stay elevated for a longer period.

Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labour data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally.

MUMBAI : Foreign institutional investors (FIIs) have reduced their shareholding in the HDFC Bank to 58.75% as of 30 September-end against 60.23% as of 14 June prior to the effective date of HDFC’s merger into it on 1 July. This has increased the foreign room to 20.3% from 18.4% from 14 June, according to Abhilash Pagaria, head of Nuvama Alternative & Quantitative Research. Foreign room is a measure used by global index provider MSCI to determine the proportion of shares still available for investment by foreign investors relative to the maximum limit.

By Tom Westbrook

“We expect sectors such as 1)IT, 2)Healthcare, 3)Manufacturing, and 4)Consumer Discretionary to drive the next leg of the rally, given their attractive valuations and strong fundamentals,” says Aditya Sood, Fund Manager- InCred Asset Management. In an interview with ETMarkets, Sood said: “We expect a mixed bag of earnings for the rest of the financial year; with the automobile and financials expected to perform resiliently, the earnings of cement and consumer companies are expected to be under pressure” Edited excerpts: What a week for Indian markets – 20,000 and then some profit taking in the week gone by. How are you looking at markets? At the current levels, we believe the markets are fairly valued and foresee limited scope for multiple expansions in the short term.

By Marc Jones

₹14,768 crore in NSE’s cash market in September after buying equities worth ₹1.69 trillion over six straight months. Simultaneously, they held a cumulative net short position in index and single-stock futures as of 29 September, coinciding with their cash market sales. Their cumulative net shorts in index futures (Nifty and Bank Nifty) contracts stood at 72% and in single-stock futures contracts at 53% at the beginning of the October series of derivatives contracts.

Global market update: Wall Street indices erased its gains from signs of subsiding inflation as investors seems weary of US shutdown on October 1, 2023. Dow Jones index ended 0.47 per cent lower whereas S&P 500 index went down 0.27 per cent on Friday. However, tech heavy weight Nasdaq manged to remain in positive territory as it closed 0.14 per cent higher on Friday.

By Naomi Rovnick and Dhara Ranasinghe

'The level of discount is of great concern to the board, and we continue to explore ways that will reduce it in the long term.'

Asian shares eased away from their lowest levels in 10 months but were on course to clock their worst quarterly performance in a year as worries over elevated interest rates dragged on sentiment, while the dollar held strong. MSCI's broadest index of Asia-Pacific shares outside Japan was 0.59% higher but not far off the 10-month low it touched on Thursday.

oil prices nearing $100 a barrel compounded concerns about persistently high global interest rates. There was brief respite from the dollar's strength in currency markets [/FRX], but it was Wednesday's big drop in U.S. crude stocks that heightened nerves about another supply-side shock just when the global economy needs it least. U.S.

Foreign investors sold the largest amount of Japanese stocks since March last week amid signs of risk aversion. 

By Marc Jones

Oil prices scaled one-year highs on Thursday, while world stocks eyed their longest losing streak in two years as worries deepened about persistently high interest rates, sending investors to shelter in the safety of a surging U.S. dollar. A surprisingly big drop in crude stocks at Cushing, Oklahoma, stoked concern that fuel demand is outstripping production right when markets least needed another supply-side shock. U.S.

By Harry Robertson and Julie Zhu

Treasury yields scaled a fresh 16-year peak on Tuesday, underpinning the dollar near a 10-month summit, as investors responded to the message from the Federal Reserve and other major central banks of rates staying elevated for longer. Asia-Pacific stock benchmarks sagged along with gold, while crude oil continued to drift back from 10-month highs. The yield on 10-year Treasury notes rose to 4.552%, a level not seen since October 2007. The U.S. dollar index — which measures the currency against six major developed market peers, including the euro and yen — ticked up 0.05% to 106.00, after reaching 106.10 overnight for the first time since Nov.

By Jamie McGeever

By Amanda Cooper

Asian shares were hesistant on Monday after central banks last week reinforced the message that interest rates will stay higher for longer, while investors braced for inflation data from the U.S. and Europe.Markets will also be looking for further clues on whether China's economy is regaining traction. The yen nursed losses at more than nine-month lows at 148.38 per dollar, after the Bank of Japan made no change to its dovish monetary policy. Ten-year Japanese bond yields settled at a decade high of 0.745%. MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.1% on Monday, after a 2.3% fall the previous week to fresh ten-month lows.

LONDON — The Bank of England on Thursday ended a run of 14 straight interest rate hikes after new data showed inflation is now running below expectations.