Latest News, Updates & Breaking Headlines
Asian equities mostly inched higher on Wednesday, tracking a pause in the recent rally in oil prices, even as investors remained cautious amid escalating tensions in the Middle East and awaited signals from the US Federal Reserve on interest rates.As of 9:15 am, Japan’s Nikkei was up 1,245.87 points or 2.32% to 54,946. South Korean…
US stock markets traded higher in early deals on Tuesday even as crude oil prices resumed their upward movement, signalling a more stable investor response after sharp volatility linked to the ongoing war with Iran.The S&P 500 rose 0.7 per cent in early trading, coming off its strongest session since the conflict began. The Dow…
Mumbai: Walmart-backed PhonePe has paused its IPO amid volatility in the markets which have fallen by about 7% since the start of the West Asia conflict. In a statement on Monday, the fintech firm said that it will resume the listing process once there is some stability in global capital markets. “We sincerely hope for…
The Port of Fujairah in the UAE was once again hit by a drone strike, triggering a fire at a petroleum facility. Specialised emergency teams responded promptly and brought the blaze under control, and no injuries were reported. The attack comes amid rising tensions in the Middle East, as the conflict involving Iran, the United…
Oil Above $100, Markets in Red: How the Iran War Triggered a $240 Billion Shock for Indian Investors India’s stock markets have suffered a sharp setback as escalating conflict in West Asia triggered a wave of global financial uncertainty, sending investors rushing out of riskier assets and wiping out billions of dollars in market value.Estimates…
Developments in the ongoing Middle East conflict and the movement in crude oil prices will be the key drivers for Indian equity markets this week, analysts said, with investors also closely tracking the US Federal Reserve’s interest rate decision, inflation data and foreign fund flows after a bruising selloff in Dalal Street.Market participants are bracing…
Foreign portfolio investors (FPIs) turned aggressive sellers in Indian equities in March, pulling out Rs 52,704 crore (around USD 5.73 billion) from the cash market in the first fortnight of the month. The withdrawals come amid escalating tensions in West Asia, the weakening of the rupee and growing concerns over the impact of elevated crude…
The closure of Strait of Hormuz is hitting not just oil and LPG supply, but also other trade, which may ultimately hit across sectors in India. (AI image) Indian equity markets have witnessed a ‘crude’ shock! The US-Iran war and rising oil prices have spooked investors globally, and Sensex and Nifty are not immune to…
Ongoing crisis in the Middle East is beginning to ripple through financial markets, with the impact now visible in the US bond market. The average rate on a long-term mortgage in the United States moved higher this week as bond market volatility persisted. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed mortgage rate…
War, Oil, Markets: HSBC’s Bold Bet on the Gulf Amid Iran vs US-Israel Crisis Even as geopolitical tensions escalate across the Middle East, global banking giant HSBC has publicly reaffirmed its confidence in the long-term economic strength of the Gulf Cooperation Council (GCC) economies, signalling that international financial institutions are not retreating from the region…
