ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • MSME Summit
  • Trending News
    • Viral News
    • Travel
    • People
    • Entertainment
    • Sports
  • More ...
    • VIDEOS
    • PHOTOS
BREAKING NEWS
  • Syrma SGS Technology IPO: Issue filled 37% on Day 1; should you subscribe? Anil Singhvi suggests this
  • Samsung Galaxy Z Fold 4, Galaxy Z Flip 4 price in India revealed - Pre-booking, offers and specifications
  • Har Ghar Tiranga campaign: Over 30 crore National Flags sold; CAIT says business worth Rs 500 crore generated
  • Atal Bihari Vajpayee death anniversary: Remembering the poet Prime Minister of India
  • From Rakesh Jhunjhunwala's portfolio: 5 Tata Group stocks that made him ace investor
Read in App
Business News » World News

Global Markets: Yields edge up, stocks swayed by trade talks, growth outlook

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App

Benchmark U.S. and European bond yields edged higher on Thursday after prolonged slides, while the regions` shares were volatile as investors eyed developments involving U.S.-China trade talks and economic growth.

While the U.S. dollar was rising against a basket of key currencies, the Turkish lira plunged as liquidity returned to the London foreign-exchange market, prompting President Tayyip Erdogan to blame the currency`s weakness on attacks by the West.

Another severe move was seen in palladium, which plummeted 6.0 percent as concerns that an economic slowdown could dent demand and a weak technical picture pushed investors to book profits after a record run.

Investors have been on heightened alert for signs on the strength of the U.S. economy since Friday, when the 3-month U.S. Treasury yield exceeded the yield on the 10-year note, an inversion of the yield curve that is widely seen as an indicator of a recession.

Data on Thursday showed the U.S. economy slowed more than initially thought in the fourth quarter, keeping growth in 2018 below the Trump administration`s 3 percent annual target.

“We are seeing the same themes impacting capital markets over the last few days," said Kristina Hooper, chief global market strategist at Invesco. "We have this overarching concern about where global growth is headed. Every data point has some impact on that.”

Wall Street`s main indexes gave up initial solid gains stemming from trade-talk optimism.

The Dow Jones Industrial Average fell 10.18 points, or 0.04 percent, to 25,615.41, the S&P 500 lost 2.38 points, or 0.08 percent, to 2,802.99 and the Nasdaq Composite dropped 13.53 points, or 0.18 percent, to 7,629.85.

U.S. Trade Representative Robert Lighthizer and Treasury Secretary Steven Mnuchin were arriving in Beijing on Thursday for a new round of talks with Chinese officials aimed at ending a months-long trade war.

China has made proposals in talks with the United States on a range of issues that go further than it has previously, as the two sides work to overcome obstacles to end their protracted trade war, U.S. officials told Reuters.

"That kind of news always has an impact on markets in this environment where there is hypersensitivity to the trade situation,” Hooper said.

The pan-European STOXX 600 index lost 0.07 percent, as investors weighed signs of trade progress and worries over Britain`s chaotic effort to leave the European Union.

MSCI`s gauge of stocks across the globe shed 0.23 percent, as many key Asian indexes ended lower.

Benchmark 10-year U.S. Treasury yields rose from 15-month lows as investors continued to adjust to a dovish pivot from global central banks.

U.S. 10-year notes last fell 7/32 in price to yield 2.3946 percent, from 2.372 percent late on Wednesday.

Germany`s 10-year bond yield, the European benchmark, rose from 2-1/2-year lows but remained negative.

The dollar rose against rivals - which were weakened by dovish soundings from central banks - in spite of the cut to the U.S. economic growth estimate in the fourth quarter.

The dollar index rose 0.4 percent, with the euro down 0.2 percent to $1.1224.

Oil fell after U.S. President Donald Trump called for the Organization of the Petroleum Exporting Countries to boost crude production to lower the price of the commodity.

U.S. crude fell 0.57 percent to $59.07 per barrel and Brent was last at $67.20, down 0.93 percent on the day.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
Updated: Thu, Mar 28, 2019
09:30 pm
Reuters
RELATED NEWS
11% growth possible in next decade if India does this, says RBI Deputy Governor Michael Patra 11% growth possible in next decade if India does this, says RBI Deputy Governor Michael Patra
Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes Money Guru: As India gears up for 75th Independence Day celebration, where should you invest for benefit in New India? Expert decodes
UK economy contracts in 2nd quarter as recession fear grows UK economy contracts in 2nd quarter as recession fear grows
July retail inflation softens to 6.71% from 7.01% in June July retail inflation softens to 6.71% from 7.01% in June
OPEC cuts oil demand forecasts as economic growth slows OPEC cuts oil demand forecasts as economic growth slows

LATEST NEWS

Samsung Galaxy Z Fold 4, Samsung Galaxy Z Flip 4 price in India, pre-booking, offers and specifications

WhatsApp 3D avatar profile photo feature coming soon! All you need to know

Sony PlayStation4 beats Xbox One sales, admits Microsoft

Volkswagen plans to launch electric vehicles under Skoda brand in India

Mahindra unveils five Electrifying SUVs in India - Check full detail here

Atal Bihari Vajpayee death anniversary: Remembering the poet Prime Minister of India

From Rakesh Jhunjhunwala's portfolio: 5 Tata Group stocks that made him ace investor

Insurance sector revamp: IRDAI invites ideas for automated death claim settlement

Milk price hike: After Amul, Mother Dairy increases rates by Rs 2 per litre | Details

Har Ghar Tiranga campaign: Over 30 crore National Flags sold; CAIT says business worth Rs 500 crore generated

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
© 2022. India Dot Com Private Limited. All Rights Reserved.
LIVE TV