Indian equities have entered bear markets when US slips into recession

New Delhi, Sep 29 (IANS) Historically, Indian equities have entered bear markets when the US has slipped into recession, foreign brokerage, Morgan Stanley (NYSE:) said in a report. The US interest rate cycle and, thus, the US dollar could continue to be a source of volatility for Indian equities in the coming months due to … Read more

S&P 500 Slips as FedEx Profit Warning Triggers Fresh Global Growth Worries

By Yasin Ebrahim Investing.com — The S&P 500 fell Friday, led by a FedEx-induced plunge in industrials after the shipments company’s profit warning triggered fresh worries about the global economy ahead of an expected Federal Reserve rate hike next week. The fell 1.1%, the fell 0.8%, or 244 points, the was down 1.4%. Industrials fell … Read more

Gold Slips Below $1,700, Copper Subdued as Fed Jitters Persist

By Ambar Warrick  Investing.com– Spot gold prices traded below a key support level on Thursday, extending recent declines as concerns over more hawkish measures by the Federal Reserve continued to chip away at metal markets. was largely unchanged after finishing the prior session around $1,697.42 an ounce, while fell 0.1% to $1,707.30 an ounce by 19:46 … Read more

Dollar Slips, Euro Jumps on Hawkish ECB Stance

By Peter Nurse Investing.com – The U.S. dollar weakened in early European trade Monday, while the euro jumped to a three-week high as traders reassessed the European Central Bank’s interest rate trajectory in the wake of last week’s jumbo rate hike. At 03:05 ET (07:05 GMT), the , which tracks the greenback against a basket … Read more

Virgin Galactic Slips as Bernstein Cuts to Underperform, Analyst Less Certain Business Will Succeed By Investing.com

© Reuters By Senad Karaahmetovic Shares of Virgin Galactic (NYSE:) are down 4% today after Bernstein downgraded to Underperform from Market Perform with a $4 per share price target, down from $7.00. An analyst said the rating cut was fueled by the continuous delay of future flight operations, maintenance work on the platform, and a … Read more

Dollar Slips, Euro Approaches Parity Ahead of ECB Meeting

By Peter Nurse Investing.com – The U.S. dollar edged lower in early European trade Thursday, with the euro rebounding ahead of the latest European Central Bank rate decision, which is expected to result in another aggressive increase. At 02:55 ET (06:55 GMT), the , which tracks the greenback against a basket of six other currencies, … Read more

Ciena Slips After JPMorgan Downgrade, Analyst Sees Risk Tilted to Downside By Investing.com

© Reuters. By Senad Karaahmetovic Shares of Ciena (NYSE:) are down about 2.5% in premarket Tuesday after a JPMorgan analyst downgraded to Neutral from Overweight with a $45.00 per share price target (down from $62.00). CIEN shares fell about 13% in recent days in response to weak FQ3 . The downgrade move comes on the … Read more