20
Monday
September 2021
10:38 PM IST
News Headlines
Former TT champ Martin to retire after world championships        Gill, Rana are about to shock the world: KKR chief mentor Hussey        Electrical equipment mkt may grow at 12 pc annually to reach USD 72 bn by 2025        Small cars too need adequate number of airbags to ensure safety, says Gadkari        Taliban-run Kabul municipality to female workers: Stay home        Nepal observes Constitution Day; PM Deuba vows to protect, implement statute        Adityanath releases report card; says UP has seen complete transformation under BJP rule        BJP uses Taliban, Afghanistan, Pakistan to garner votes: Mehbooba        Charanjit Singh Channi to be next CM of Punjab        Boxing: Mohammad Hussamuddin sails into QF        Leading garment exporter Kitex Group to invest Rs 2,400 cr in Telangana        Taliban continue restrictive policies on women's education, resume secondary school lessons only for male students        Sidhu is a 'friend of Pakistan', will oppose if he is appointed CM: Amarinder Singh        Schools in Kerala to reopen from Nov 1        Amarinder Singh resigns as Punjab CM, says will not accept Sidhu for top post        Sachin stuns World Championships medallist Gaurav Bidhuri        Sensex, Nifty snap winning streak, end in red        Rahul attacks BJP govt over unemployment issue        International community must think carefully, consult before giving acceptance to new Kabul regime: PM Modi        Kerala to allot 36.84 acres land to TCS, aims to create 10,000 jobs        
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Business News
Asian stocks mixed ahead of possible Fed guidance
 
Singapore: Asian stock markets were mixed Friday as investors awaited more guidance on the US Federal Reserve's easing plans. The moves in Asia follow a pullback on Wall Street after the deadly attacks on Afghan civilians and US troops at the Kabul airport on Thursday.

Tokyo's Nikkei 225 lost 0.3 per cent to 27,651.51 while the Kospi in South Korea added 0.3 per cent to 3,139.00. The Hang Seng in Hong Kong was 0.6 per cent higher at 25,559.56.

The Shanghai Composite advanced 0.4 per cent to 3,516.13. Sydney's S&P/ASX 200 fell 0.1 per cent to 7,480.80. Benchmarks in Malaysia, Thailand and Indonesia rose while Singapore slipped.

Fed Chair Jerome Powell is scheduled to speak at the central bank's annual symposium in Jackson Hole, Wyoming, later Friday. Any indicators when the bank will start scaling back on asset purchases will be watched.

Several Fed officials have suggested that the easing will take place sooner rather than later, although a firm timeline has not been set.

Despite the risk on' mood heading into Jackson Hole, which arguably points to an accommodative enough Fed tilt to keep markets buoyed, thin trading in the US bond markets this week suggests latent caution, Hayaki Narita at Mizuho Bank said in a report.

As overrated as Jackson Hole's significance may be, there is no denying that the quest for policy clarity will only gain momentum, he added.

Investors are set for a new and busy week of economic releases, including US jobs data for August and flash eurozone inflation figures. India, Australia and Canada will also report their second quarter economic growth.

"If the speech turns out to be a non-event, the follow-up market risk event will be the jobs report next week, which will provide more concrete data in steering the timeline of tapering ahead," Yeap Jun Rong at IG said.

Wall Street indexes fell on Thursday after two suicide bombers and gunmen attacked the desperate crowds trying to flee Taliban-controlled Afghanistan.

President Joe Biden said the latest bloodshed would not drive the US out of Afghanistan earlier than scheduled, and that he had instructed the US military to develop plans to strike the Islamic State militant group, which claimed responsibility.

Technology and communication companies led the broad sell-off, with 10 of the 11 sectors in the S&P 500 closing lower. The benchmark fell 0.6 per cent to 4,470 and broke its five-day winning streak.

The Dow Jones Industrial Average gave up 0.5 per cent to 35,213.12 and the Nasdaq composite lost 0.6 per cent to 14,945.81. The three major indexes are still on track for weekly gains.

In energy markets, benchmark US crude picked up 44 cents to USD 67.86 per barrel in electronic trading on the New York Mercantile Exchange. Brent crude, used as the price basis for international oils, added 50 cents to USD 71.57.

The dollar fell to 109.99 yen from Thursday's 110.06 yen. The euro slipped to USD 1.1754 from USD 1.1759.


Electrical equipment mkt may grow at 12 pc annually to reach USD 72 bn by 2025
Small cars too need adequate number of airbags to ensure safety, says Gadkari
Leading garment exporter Kitex Group to invest Rs 2,400 cr in Telangana
Sensex, Nifty snap winning streak, end in red
Bringing diesel, petrol in GST may be discussed in Council meeting, also on agenda is taxing Swiggy, Zomato
PepsiCo set up food plant in Mathura
Without GST documents Arecanut transporting vehicles seized
Wipro and First Horizon Bank forge a cloud-based fintech future for virtualBank
Mahindra XUV700 makes a pitstop in Bengaluru
India's industrial production grew 11.5 per cent in July on low base, recovery
FADA expresses shock over Ford India's announcement to stop manufacturing vehicles in India
FICCI, PHDCCI welcome PLI for textile sector
Domestic air passenger traffic up 31% at 66 lakh in Aug on higher capacity deployment: ICRA
Jio completes 5 yrs of operations; tech world congratulates
Hero MotoCorp and Harley-Davidson expand customer touch points, open bookings for next lot of ‘Pan America 1250’ adventure bike
Rupee inches 3 paise higher to 73.03 against US dollar in early trade
HDFC Life to acquire Exide Life Insurance for Rs 6,687 crore
M Suresh takes over as Member (Air Navigation Services) at AAI
Tata Motors launches Tigor EV with price starting at Rs 11.99 lakh
Google removes 95,680 content pieces in July in India: Compliance report
KERALA NEWS
Schools in Kerala to reopen from Nov 1
 Thiruvananthapuram, Schools in Kerala will be reopened from November 1, Chief Minister Pinarayi Vija  
Kerala to allot 36.84 acres land to TCS, aims to create 10,000 jobs
PDP leader Poonthura Siraj passes away
Rajya Sabha MP Suresh Gopi courts controversy
INTERNATIONAL NEWS
Taliban-run Kabul municipality to female workers: Stay home
 Kabul, Sep 19 (AP) Female employees in the Kabul city government have been told to stay home, with w
Nepal observes Constitution Day; PM Deuba vows to protect, implement statute
Taliban continue restrictive policies on women's education, resume secondary school lessons only for male students
International community must think carefully, consult before giving acceptance to new Kabul regime: PM Modi
NATIONAL NEWS
Adityanath releases report card; says UP has seen complete transformation under BJP rule
 Lucknow, Sep 19 (PTI) Asserting that Uttar Pradesh has undergone a complete transformation under his
BJP uses Taliban, Afghanistan, Pakistan to garner votes: Mehbooba
Sidhu is a 'friend of Pakistan', will oppose if he is appointed CM: Amarinder Singh
Rahul attacks BJP govt over unemployment issue
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