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Mr. Rohit Gadia, Founder & CEO, CapitalVia Global Research Limited said, RBI surprisingly cut repo rate by 50bps, a rate cut by 25bps was expected. “The proposal to reduce the risk weights on low-priced housing loans will incentivise the banks“, said Arundhati...

All three major US indexes have gained since Friday when a weak U.S.jobs report led to expectations that the Federal Reserve would not raise interest rates this year, meaning the era of near-zero interest rates would continue. Stocks had trimmed a few of their gains earlier in...

United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

Japan’s Nikkei was down 0.9 per cent, while Australia’s S&P/ASX 200 was 1 per cent higher with a burst of merger activity in the telecommunications sector.

Japanese stocks rose on Thursday morning as gains on Wall Street helped calm nerves, with investors taking a glass half-full view to weak sentiment among major Japanese businesses and falling manufacturing activity in China.

The best performing sector in 3Q was utilities, which was the only one of 10 S&P 500 sectors to close the quarter in positive territory.

The weak September jobs report and downward revisions to the prior two months raised fresh fears about the health of the USA economy, which appears to have weakened amid a slowing global economy and recent market turbulence.

The Nasdaq composite was little changed at 4,544. Wall Street looked set for gains, with futures for the Dow Jones industrial average and the Standard & Poor’s 500 up 0.3 percent.

Yahoo! said it will go ahead despite a risk of a multi-billion dollar tax bill after the U.S. Internal Revenue Service denied its request to considered tax free deal.

The health care sector bounced back from a plunge a day earlier.

THE Australian share market has lost around $41 billion in early trade, as BHP Billiton shares tumble below $22 for the first time since the global financial crisis.

The Australian and New Zealand dollars fell by 0.6% and 0.3% respectively against their United States counterpart, and even more against the Japanese yen and euro.

RBI Governor Raghuram is widely expected to announce this year’s fourth rate cut tomorrow and expectations for the same have further increased after the US Fed’s status quot.

The Australian share market was slightly higher in early trade, with banks in positive territory but miners and energy stocks trading lower.