GLOBAL MARKETS

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European Markets Rocked Monday; Wild Ride Expected for U.S. Markets Tuesday

European stocks got hammered on Monday and the euro tumbled as well, as investors moved into safe assets. Rising fears over Europe's sovereign debt crisis and economic growth concerns in Europe and the U.S. is driving the move away from equities. The yield on the benchmark 10-year German government bond fell to well below two percent -- a new record. The Stoxx Europe 600 index fell 4.1 percent Monday, closing at 223.45.
U.S. Stock Market

Is the Dow Headed Higher or Lower?

To say it's been a discomforting time for U.S. stock investors lately would be an understatement. Europe debt concerns, a tepid U.S. economic recovery that’s not creating enough jobs, and now Hurricane Irene’s damage has jolted institutional investors. Given the above, where’s the Dow headed from here?
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Kenya

Kenya interbank rate tumbles, stocks drop

Kenya's interbank lending rate tumbled to 19.2515 percent on Tuesday from 27.7299 percent the previous day, central bank data showed on Thursday, as the bank's action last week to bring down interbank rates filters through the market.
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European Stocks and Euro Dip

Financial markets kicked off September in a cautious mood Thursday with European stocks lower and world equities struggling to keep up what would be a five-day winning streak.
Shanghai's Ports

Asian Markets Gain More Than 1%

Asian stocks rose Thursday following gains on Wall Street, with technology and consumer shares outperforming, and credit spreads tightened on optimism that central banks worldwide will have to do more to support industrial activity.
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Hong Kong seeks to defuse row over China leader visit

Hong Kong on Wednesday sought to defuse criticism of a security clampdown during Chinese Vice Premier Li Keqiang's recent visit that was heavily criticised as excessive and a violation of Hong Kong's civil rights.
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Rothschild acquires 5 pct of China CYTS Tours

The asset management arm of Edmond De Rothschild Group, owned by the Rothschild Family, said it had bought more than 5 percent of China CYTS Tours Holdings Co Ltd , worth $54 million at current value, and plans to increase its stake over the next 12 months.
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China shares down, HK set for worst month since 2008 crisis

Hong Kong shares are poised to post the worst month since the 2008 financial crisis despite a third session of slim gains on Wednesday on the back of oil counters, but thin overall turnover continued to point to a lack of conviction in the rally.

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