LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • 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
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » World News

Global stocks set new highs, dollar weakens on data

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Fri, Sep 15, 2017
10:23 pm
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

A gauge of global equities rose and shares on Wall Street set new highs on Friday as investors shrugged off the latest missile test by North Korea, while the dollar eased on unexpected weak economic data that dimmed expectations for a U.S. rate hike.

Brent oil prices, the global benchmark, held near five-month highs and were on track for the biggest weekly gain since late July on forecasts for rising demand and the gradual restart of U.S. oil refineries after Hurricane Harvey.

Gold fell after a European Central Bank official called for scaling back the bank`s stimulus program. Losses were capped when weaker-than-expected U.S. retail sales renewed doubts the Federal Reserve will raise rate again in December.

Yields on longer-dated U.S. Treasury maturities briefly added to earlier declines after the weak data revived some concerns about slower economic growth in the third quarter and the likelihood of a Fed rate hike.

Interest rates are lower than at the beginning of the year which is helping lift equities, as is a back-drop of a growing global economy, said Rahul Shah, chief executive of Ideal Asset Management in New York.

"We made it through the summer without a significant correction. As we head into earnings season, there`s a potential for the market to go even higher," Shah said.

Any dip in the equity market because of North Korean missile tests offer a buying opportunity for investors, he said.

"They tend to talk loud with their threats," Shah said about North Korea. "But in terms of the actual commission of those threats, I don`t think it`s destabilising to the market."

Japan`s Nikkei closed 0.5 percent higher.

MSCI`s gauge of stocks across the globe gained 0.14 percent to set a new high for an index that tracks the performance of more than 2,400 stocks in 47 countries.

On Wall Street, the Dow Jones Industrial Average rose 41.44 points, or 0.19 percent, to 22,244.92. The S&P 500 gained 1.6 points, or 0.06 percent, to 2,497.22 and the Nasdaq Composite added 20.27 points, or 0.32 percent, to 6,449.35.

The pan-European FTSEurofirst 300 index of leading regional shares lost 0.46 percent to close at a preliminary 1,494.61.

U.S. retail sales unexpectedly fell in August as Hurricane Harvey likely depressed motor vehicle purchases, dropping 0.2 percent last month. Economists polled by Reuters had forecast retail sales nudging up 0.1 percent.

The disappointing U.S. data, which included industrial output in August, came after a report that showed the strongest increase in consumer prices in seven months.

Benchmark 10-year U.S. Treasury notes fell 1/32 in price to yield 2.2023 percent.

A eurozone government bond selloff resumed after hawkish rhetoric from a Bank of England policymaker bolstered the notion that central banks across the developed world are moving into tightening mode.

German Bunds last fell 1 basis points in price to yield 0.438 percent, up from 0.437 percent late on Thursday.

Brent crude was on track for its third straight weekly gain and the highest weekly rise since the end of July.

U.S. crude fell 0.2 percent to $49.79 per barrel and Brent was last at $55.51, up 0.07 percent on the day.

The dollar index fell 0.37 percent, while the euro up 0.34 percent to $1.1958. The Japanese yen weakened 0.55 percent versus the greenback at 110.85 per dollar. U.S. gold futures fell 0.16 percent to $1,327.20 an ounce.

(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
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

Here is why ONGC's plan to merge MRPL with HPCL may have to wait till FY24

New coronavirus shocker from China! Now, virus found in ice cream - Check eye opening details here

EPF vs PPF vs VPF vs NPS: Money making strategy! Top personal finance experts say do this to earn big gains

Mi 10i sets new benchmark in mid-price phone segment

RBI open to examine proposal on bad banks: Reserve Bank of India Governor Shaktikanta Das

IntelliSmart inks pact with Infosys to develop digital platform for discoms

Bharat Biotech to pay compensation if Covaxin causes side effects

IRB InvIT Q3 revenue almost flat at Rs 333 cr

Loan moratorium case! Petitions in SC seeking direction for contempt of court proceedings against RBI Governor, others

7th Pay Commission latest news: Salary up to Rs 2.08 lakh plus DA, HRA, TA; check this 7th CPC offer details at upsconline.nic.in

  • 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
Copyright © Zee Media Corporation Ltd. All rights reserved