Global Markets News

Global traders and consumers continue to put their bets on the precious metal amid weakness in the US dollar index and robust Chinese demand. 

The 30-share BSE benchmark tanked 736.37 points or 1.01 per cent to settle at 72,012.05 on Tuesday. The NSE Nifty slumped 238.25 points or 1.08 per cent to finish at 21,817.45.

The coronavirus itself could weaken the economy. The pandemic disease is worst till now that claimed almost 7,000 lives worldwide. Market experts, on the other hand, have different fear that could be the worst nightmare till now 'The global recession'. Coronavirus is spreading dramatically, shuts industries down, large MNC's and factories are barely working due Coronavirus fear.

Global markets on Friday (March 13) witnessed a crash of epic magnitude due to panic selling of almost every asset class after the outbreak of the coronavirus pandemic. Gold and oil fell, sovereign bonds slumped as investors liquidated everything they could to cover losses.

The rout followed the markets bloodbath across the world after the World Health Organization (WHO) on Wednesday termed the coronavirus outbreak as a pandemic.

MSCI`s broadest index of Asia-Pacific shares outside Japan was 1% lower shortly after China`s share markets began trading, with China`s blue-chip CSI300 index down 0.56%. Japan`s Nikkei tumbled 2.2% and Australian shares fell more than 1%. 

Japan`s Nikkei dipped 0.1% and away from its 2019 top, while Korean shares edged up 0.1% to an eight-month peak. E-Mini futures for the S&P 500 were little changed. Upbeat economic news had helped the S&P 500 reach a record for the fourth straight session, building on its 27% gain this year. 

The preliminary deal between Washington and Beijing will double U.S. exports to China, White House adviser Larry Kudlow told Fox News on Monday. The United States will also reduce some tariffs on Chinese goods under the agreement.

Gold prices rose on Monday, after touching a three-month low in the previous session, on lingering concerns over the U.S.-China trade deal and the prospect of a slowing global economy.

"As global tensions mount with North Korea pushing to a next level of tests with hydrogen bomb, it will be hard for bulls to have a comeback which was as swift as before. 

Financial stability risks in the euro zone are contained but remain significant and have even increased in some areas over the past six months, the European Central Bank said in a regular stability review on Wednesday.

Equities went into a tailspin on Thursday after a three-session surge, with benchmark Sensex plunging 224 points and Nifty closing below 9,500, as global markets were roiled by the latest crisis surrounding US President Donald Trump.

Trend from global markets amid brewing geo-political trouble and corporate quarterly results will continue to steer stocks this week, say experts.

One of the biggest mysteries in global markets so far in the Trump era is the historically low level of volatility that has prevailed despite all the turmoil and uncertainty that analysts warned his victory would unleash.

World stocks hit their highest level since mid-2015 on Thursday after strong Chinese data added to the optimism about global growth and inflation that has been driving markets since the start of the new year.

European and US equities markets were split on Friday after US Fed chief Janet Yellen suggested interest rates could rise in the near-term.

European leaders told Britain on Tuesday to act quickly to resolve the political and economic chaos unleashed by its vote to leave the European Union, a move the IMF said could put pressure on global growth.

Gold prices rose by Rs 78 to Rs 28,663 per 10 grams in futures trading today as speculators enlarged their positions amid a firming trend overseas.

Toshiba shares dived to a more than 36-year low on Friday after the scandal-hit firm widened its annual loss forecast to a whopping USD 6.0 billion, while a strong yen dragged the Nikkei into the red.

In a double-whammy for investors, the two major asset classes -- stocks and gold -- failed to generate positive returns in 2015.