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Over past decade, strong retail flows have coincided with declining / low deposit rates, said analysts at Jefferies, who expect the deposit rates to go above the 7 per cent level with a lag
Shares rebounded earlier in Europe and Asia after China cut a key lending benchmark to bolster its weakening economy, helping initially to drive gains on Wall Street.
Global stock markets were mixed and Wall Street futures were lower Wednesday after positive US retail sales data helped to offset concern the Federal Reserve might consider more rate hikes
Over the next 12 months, Morgan Stanley forecasts range-bound markets for equities, credit, yields, and the US dollar
Business Standard's Puneet Wadhwa speaks to Mark Matthews, head of research for Asia at Julius Baer to get his views on the road ahead for global equity markets as they adjust to rising interest rates
While the general consensus is of 6-7 rate hikes this year by the US Fed, there are some who expect lower rate hikes and a slowdown in the economy
The euro dropped to its weakest since 2017 after Russia halted gas supplies to Bulgaria and Poland, and investors fretted more about the region's economy
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
London's FTSE 100 lost less than 0.1% to 7,575.04 while Frankfurt's DAX added 0.1% to 7,578.75. The CAC 40 in Paris shed less than 0.1% to 6,743.19
World shares were mostly lower Thursday following a retreat on Wall Street as leaders prepared to meet in Europe to discuss the Ukraine crisis
Data on Thursday showed U.S. inflation at a four-decade high, prompting traders to raise their bets on rate hikes from the Federal Reserve beginning next week.
Sentiment also suffered on worries over Russia's war against Ukraine, after talks between their foreign ministers on Thursday brought little respite in the conflict between the two countries.
Russia accused the United States of declaring an economic war, after U.S. President Joe Biden announced a ban on Russian oil exports on Tuesday.
International oil benchmark Brent crude, which briefly hit more than $139 a barrel in the previous session, was up about 2.6% at $126.42.
India, which is down 9 per cent year-to-date in dollar terms, is still better off as there are 30 countries that have fared worst.
The major U.S. stock indices declined less as Europe's dependence on Russian energy and its proximity to Ukraine has slammed the continent more than other parts of the globe
European stock indexes were in their second day of falls, with the STOXX 600 down 0.7% at 0857 GMT, while Germany's DAX was down 1.2% on the day
European stock indexes were in their second day of falls, with the STOXX 600 down 0.7% at 0857 GMT, while Germany's DAX was down 1.2% on the day
In the latest tightening of restrictions on Moscow, the United States banned Russian flights using American airspace, following similar moves by the European Union and Canada