The UK’s top share index rebounded on Friday but was set for a weekly loss as trade war concerns and the revived prospect of an interest rate hike in August took their toll.
Shares crept higher in most major markets on Thursday as a lull in the Sino-U.S. trade tussle and talk of more stimulus in China helped calm nerves.
Britain’s top share index edged up on Thursday as sterling hovered around 7-month lows ahead of a Bank of England policy meeting that is widely expected to keep interest rates unchanged.
Autos stocks slammed the brakes on a relief bounce in European shares, sinking after German carmaker Daimler (DAIGn.DE) warned profit would be hit by higher tariffs.
European shares opened higher but the modest rebound failed to erase the previous session’s losses as investors’ fears about the trade dispute between US and China linger on.
UK shares fell on Tuesday as a global sell-off prompted by fears of a full-blown trade war between the U.S. and China took its toll and disappointing news on the corporate front.
BSE benchmark Sensex closed lower by about 74 points at 35,548.26 in a choppy trade amid flaring up of trade tariff tensions between the US and China, forcing investors to adopt a cautious stance.
European shares dipped in early trading as worries over a trade war between United States and China kept investors on the edge, Nexans plummeted after a profit warning.
European shares were set for their best week in more than three months as investors pushed back expectations for a rate hike after Thursday’s ECB policy meeting.
The pan-European STOXX 600 and the euro zone STOXX .STOXXE jumped 1.4 and 1.3 percent, while the exporter-heavy German index .GDAXI gained 1.7 percent.
JSW Steel Limited
May bid for Arcelor-Mittal's Romanian plant
Gets DCGI's marketing nod for key cancer drug
Inks 5-year I.T. Infra deal with Nokia
BANK OF MAHARASHTRA
To raise Rs 3,000 Crore equity capital
Plans to launch 50 cvs this fiscal
Company may bid for Arcelormittal's Romanian plantco
Proposes investment of $500 Mn to upgrade steel manufacturing unit at Ohio, USA
Integrated steel manufacturing unit in Ohio, with potential capacity of 3 MTPA
Company gets marketing nod for Durvalumab drug from DCGI
Durvalumab is a patented product of AstraZeneca Global
Permission significant for patients with limited treatment options
Nokia signs 5-year global I.T. Infra & application services deal with company
Company will transition services from four incumbent vendors
Will build on strong existing engineering-centric partnership with this deal worth $500 Mn
BANK OF MAHARASHTRA
Gets shareholders' nod for raising equity capital upto Rs 3,000 Cr
Bank union requests govt to intervene in bank's arrests
AIBEA writes to DFS secy to step-in to save bank's reputation
May have rotating chairman till full time chairman is appointed
U.S. Investors of bank want Kochhar to quit
Investors will be confident if external candidate is appointed as CEO: Macquarie
TOI & ET REPORTS