Strength in bluechip exporters helped the UK’s benchmark index inch back towards an all-time high on Thursday and outperform broader European markets where weakness in banks weighed. Euro zone stocks rose 0.2 percent. The FTSE 100, meanwhile, was up 0.5 percent, just shy of a record high it hit in the previous session. UK-listed multi-national firms, which dominate… Read More »
Concerns about a Greek bailout, early Italian elections and comments by the European Central Bank chief about the need for continued stimulus all kept the euro under pressure on Tuesday. The European geopolitical fears sapped risk appetite, weighing on Asian stocks and lifting safe havens including the yen and gold, though trading was thin with several markets closed… Read More »
UK shares rose on Monday, underpinned by a rally in mining stocks on the back of firmer metals prices, building on the previous session’s three-week high and on course to post its fifth straight day of gains. The blue-chip FTSE 100 index .FTSE was up 0.1 percent at 7,262.78 points by 0955 GMT. Mining stocks .FTNMX1770 gained 1.6… Read More »
The dollar fell on Wednesday, succumbing to a bout of profit-taking after hitting a two-week high the previous day, while European stocks also put a positive start to the week behind them to trade in the red. Weak corporate earnings weighed on stocks, as Germany’s DAX .GDAXI snapped a four-day winning streak and the broader FTSEuroFirst 300 index… Read More »
Indian stocks surrendered earlier gains and closed lower for a second straight session on Tuesday, tracking subdued regional stock markets as weak China factory data rekindled global growth worries. The broader NSE Nifty fell 0.75 percent to 7,747.00, after rising as much as 1 percent earlier in the session. The benchmark BSE Sensex dropped 0.81 percent to 25,229.70.
After the securities market regulator, the income tax department has clamped on individuals misusing the stock exchange platform for evading taxes and converting black money into white. The Central Board of Direct Taxes (CBDT) has directed officers to open cases against individual taxpayers who have booked capital gains or losses by transacting in penny stocks. These are scrips… Read More »