GAGA Share Market News

[hfe_template id='11223'] [ad_1] European shares plunged to a 16-month low on Monday as investors grappled with the possibility of a recession after sweeping tariffs announced by United States last week. U.S. President Donald Trump showed no sign of backing away from the tariff plans despite retaliation from China, pushing investors to price in interest rate cuts by the European Central Bank and the Federal Reserve. The pan-European STOXX 600 slumped 5.8% at 0722 GMT, after registering its steepest one-day percentage decline since the COVID-19 pandemic on Friday. Trade-sensitive Germany's benchmark index dove 6.6%, among the worst hit, with Commerzbank and Deutsche Bank shedding 10.7% and 10%, respectively. Arms makers, which had surged earlier this year on prospect of higher defence spending, were also knocked down on Monday. Tankmaker Rheinmetall dropped 23.7%, the most on STOXX 600, while Hensoldt, Rheinmetall and Renk fell between 17% and 21%. Live Events U.S...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average reversed losses to end higher on Friday, as comments from Bank of Japan Governor Kazuo Ueda eased worries that the central bank may raise interest rates aggressively. The Nikkei settled 0.26% higher at 38,776.94, after falling as much as 0.6% earlier in the session on a stronger yen and worries about U.S. tariffs. The index lost 1.2% for the week. The broader Topix inched up 0.07% to 2,736.53. Ueda said the central bank stands ready to increase government bond buying if long-term interest rates rise sharply. "Ueda's comments pushed yields on Japanese government bonds lower, which weakened the yen. That lifted demand for Japanese equities," said Masahiro Ichikawa, chief market strategist at Sumitomo Mitsui DS Asset Management. Rising inflation has driven expectations that the BOJ will keep raising interest rates higher and faster, pushing yields on Japanese government bonds (JGBs) to more t...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average slipped on Friday amid caution ahead of market reaction to President-elect Donald Trump's inaugural speech next week, while a stronger yen hurt exporters' shares. The Nikkei fell 0.31% to close at 38,451.46 after dropping as much as 1.3% earlier in the session. For the week, the index has shed 1.58%. "What's behind the market decline is a concern about a reaction to the comments from Trump who is due to be inaugurated on Monday. Investors do not want to take risks for a possible big swing in the market," said Hiroyuki Ueno, chief strategist at Sumitomo Mitsui Trust Asset Management. Japanese equities fell as the yen strengthened on expectations that the Bank of Japan (BOJ) will raise its policy rate next week. "The interest rate hike next week seems to be almost certain but the BOJ's future rate path is not clear yet. It is natural for investors to cut their positions under...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average fell on Friday and logged its worst week in more than a month despite the tailwind from a weaker yen, as the decline on Wall Street and caution after major central bank policy decisions weighed. The Nikkei closed 0.29% lower at 38,701.90, bringing it to a weekly decline of 1.66%, its steepest decline since early-November. The broader Topix lost 0.44%, and fell 1.19% for the week, the index's sharpest weekly drop since mid-October. Stocks drew little support from the Bank of Japan's (BOJ) decision to not hike interest rates on Thursday or from Governor Kazuo Ueda's news conference where he said considerable time was required to judge the outlook for domestic wages and overseas economies, chiefly the U.S. This came after the U.S. Federal Reserve signalled a more cautious pace of rate cuts in 2025, after trimming rates by a quarter point on Wednesday. That sent the U.S. S&P 500 diving almost...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average ticked lower to close nearly flat on Monday, as caution ahead of major central bank meetings this week largely trumped a rise in heavyweight chip-related shares. The Nikkei erased early gains to close down 0.03% at 39,457.49, while the broader Topix shed 0.3% to 2,738.33. "There's certainly a strong sense that investors are taking a wait-and-see approach" ahead of the central bank meetings this week, said Hiroshi Namioka, chief strategist at T&D Asset Management. The U.S. Federal Reserve is widely expected to deliver another 25 basis points interest rate cut on Wednesday, putting the focus on hints regarding its rate path outlook in 2025. Meanwhile, Reuters and other media outlets have reported that the Bank of Japan is leaning toward keeping rates steady at its Dec. 18-19 meeting. Isuzu Motors, up 1.9%, was among exporter shares to gain on a softer yen, although the impact of the weaker...

[hfe_template id='11223'] [ad_1] Japan's Nikkei share average eked out gains to rise for a third straight day on Wednesday, as a softer yen and buying of retail-related shares helped narrow morning losses on profit-taking. The Nikkei rebounded after declining in early trade to close 0.1% higher at 39,276.39. The broader Topix was down 0.5% at 2,740.6. Retail-related shares outperformed in afternoon trade to boost the Nikkei. Uniqlo parent firm Fast Retailing climbed 2.4%. The company on Monday said that Uniqlo's domestic same-store sales in November increased 12.2% compared with last November. Ryohin Keikaku jumped 7.1% after the Muji retail stores operator reported a rise in domestic and online store sales last month compared to a year ago. Home interior goods maker Nitori Holdings advanced 3.6%. Gaming firms Konami Group and Nintendo jumped 2.2% and 2.7%, respectively. Entertainment conglomerate Sony Group, up 3.3%, was among exporters to receive a boost as ...

[hfe_template id='11223'] [ad_1] Foreign investors pulled out Rs 21,612 crore (USD 2.56 billion) from the Indian equity market in November, mainly due to the rising US bond yields, strengthening dollar and expectation of a slowdown in the domestic economy. While the sell-off continues, the quantum of net outflow significantly reduced compared to October, when FPIs recorded a massive withdrawal of Rs 94,017 crore (USD 11.2 billion). With the latest pull out, Foreign Portfolio Investors (FPIs) have experienced total net outflow of Rs 15,019 crore in 2024 so far. Looking ahead, the flow of foreign investments into Indian equity markets will hinge on several key factors. These include the policies implemented under Donald Trump's presidency, the prevailing inflation and interest rate environment, and the evolving geopolitical landscape, Himanshu Srivastava, Associate Director Manager Research, Morningstar Investment Research India, said. Additionally, the third-quarter ...

[hfe_template id='11223'] [ad_1] Foreign investors have pulled out Rs 26,533 crore from the Indian equity market this month so far owing to increasing allocations to China, concerns over muted corporate earnings and elevated valuation of domestic stocks. While the sell-off continues, the quantum of net outflows has significantly reduced compared to October, when Foreign Portfolio Investors (FPI) withdrew Rs 94,017 crore (USD 11.2 billion) on a net basis. With the latest pull-out, FPI outflows on a net basis are Rs 19,940 crore in 2024 so far. Going ahead, the flows from foreign investors into the Indian equity markets would depend on the policies implemented under Donald Trump's presidency, the prevailing inflation and interest rate dynamics, the trajectory of the geopolitical landscape, and the third-quarter earnings performance of Indian companies, Himanshu Srivastava, Associate Director - Manager Research, Morningstar Investment Research India, said. According to ...

[hfe_template id='11223'] [ad_1] European shares opened more than 1% higher on Thursday, buoyed by strong performances among technology stocks, while investors awaited the European Central Bank's rate decision due later in the day. The pan-European STOXX 600 index was up 1.2% at 514.17 points, as of 0708 GMT, and set for the best day in nearly one month, if gains hold. Technology stocks chimed with a rally in their Asian peers, and jumped 2.6%. Basic resources gained 2% after prices of base metals rose, buoyed by hopes of an interest rate reduction in the U.S. next week.. All sub-sectors were trading in the green. The ECB will meet at 1215 GMT on Thursday, where it is widely expected to cut interest rates by 25 basis points. Markets will be more focussed on comments by ECB President Christine Lagarde, due at 1245 GMT, to confirm if further rates are to follow in October and December. Meanwhile, Spain's consumer price figures showed the 12-month EU-harmonised i...

[hfe_template id='11223'] [ad_1] Foreign investors infused nearly ₹11,000 crore in domestic equities in the first week of the month owing to resilience of the Indian market and expectations of rate cut in the US. Foreign Portfolio Investors (FPIs) have been consistently buying equities since June. Before that, they had pulled out funds to the tune of ₹34,252 crore in April-May. The recent inflows are promising and could continue, supported by India's stable macroeconomic position. However, global factors like US interest rate and geopolitical scenario would continue to be the driving force, said Himanshu Srivastava, associate director-manager research at Morningstar Investment Research India. According to the data with the depositories, FPIs put in a net investment of ₹10,978 crore into equities this month (till September 6). FPIs have been on a buying spree in the Indian equity markets after the sentiments improved following comments from US Federal Reserve Chair Je...

[hfe_template id='11223'] [ad_1] Synopsis While a number of investors heard the term “ Yen carry trade” for the first time in early August, the fact is that literally every sharp hit to the equity market or a real economic crisis which different markets have witnessed since 1990, Yen carry trade had played a role. Right from the Asian crisis of 1997-98, dot com bubble of 2000, 2015 Chinese stock market crash and even to brexit. You name it and at the back of it you will find a Yen carry trade. It is not that Yen is the villain, there is a simple economic logic to it. For more than 40 years, The Bank of Japan has been keeping its interest rate low, it is and probably in all conditions a kind of reservoir, where literally anyone could go and raise money at zero percent interest rate and use that to invest across the globe, make some returns and give the money back to Japan. But there are times, when things turn volatile and make the markets behave the way they did in earl...

[hfe_template id='11223'] [ad_1] The BlackRock Investment Institute (BII) said on Tuesday that recent parliamentary elections in Britain had made valuation of UK equities attractive, while Japan stocks remained its favoured equity investment play. The British Conservative Party suffered a historic election defeat last week with a record number of cabinet ministers losing their seats. "Valuation is very compelling ... and given the perceived political stability leading to better sentiment, we think there's a tactical opportunity for UK equities," Wei Li, global chief investment strategist at BlackRock, said on Tuesday. BII, an arm of U.S.-based investment firm BlackRock that provides proprietary investment research, said in a mid-year outlook report that the prospect of higher-for-longer interest rates made inflation-linked bonds attractive. On a country level, Mexico and India should "benefit from rewiring supply chains in the long term," BII add...

[hfe_template id='11223'] [ad_1] The share of low-cost deposits - current account and savings account (CASA) - has largely bottomed out and is expected to be in the range of 39-40% of total deposits for the current fiscal, analysts said. For commercial banks, the CASA ratio has declined from 45% in FY22 to 41% in FY24. Bankers and analysts attribute this to the widening gap between interest earned on term deposits and savings accounts. Savings account rates are at around 3-3.5%, while term deposits at their peak give an interest of 7% to 7.75%. The higher share of CASA lowers a bank's cost of overall deposits and thus helps improve the net interest margins. "The share of CASA was higher during Covid because the differential between the savings rate and term deposit rate was narrow, so there was little incentive for people to lock in or commit their funds for a longer tenure," said Anil Gupta, senior vice president at ICRA Ratings. ET Bureau The widespread u...