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Asian markets suffer blood-letting on global growth fears

WT24 Desk HONG KONG – Asian markets plunged Monday after a sharp sell-off on Wall Street fuelled by concerns about the global economy and a possible recession in the United States, AFP reports. There appeared to be very little reaction to news that an investigationfound no evidence of collusion between Donald Trump’s election campaign and Russia, which observers said removed ...

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Price fall drives stocks down

WT24 Desk Stocks closed on Sunday of the week with downward trend due mainly to price fall in large-cap securities, Agencies report. The falling major sectors were bank and insurance. A total of 154 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) closed the day with 58.07 points ...

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The stock market just got hit with a vicious trifecta that could accelerate its next major meltdown

The US stock market felt serious pressure from a trio of negative market forces on Friday, each of which is outlined in detail below.The overriding theme is that investors are getting increasingly worried about an economic slowdown — a sentiment that wasn’t helped by a spate of negative global manufacturing data. WT24 Desk There’s an old saying that when it ...

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Stocks tumble as bond market flashes recession signal

WT24 Desk U.S. stocks fell Friday morning, after a downbeat round of macroeconomic data in Europe and the United States raised global growth fears, and as a closely watched measure of the yield curve inverted for the first time since 2007, triggering recession worries, according to Marketwatch. What are indexes doing? The Dow Jones Industrial Average DJIA, -1.17% fell 276 ...

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Italy pulls out red carpet for Xi Jinping in trade charm offensive

Bocelli to sing for China’s president as Italy becomes first G7 nation to back ‘Silk Road’ plan WT24 Desk Rome gave a lavish welcome to the Chinese president, Xi Jinping, his wife and entourage on Friday as Italy and China controversially pledged to strengthen trade and investment ties, The Guardian reports. Xi is in the Italian capital on a two-day state ...

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Stocks close week down

WT24 Desk Stocks finished the week down on Thursday with falling trend of all major price indices at Dhaka and Chittagong Stock Exchanges due to lower demand, BSS reports. The broader DSEX of the DSE finished the week with 52.66 points down at 5,600.56.The Shariah DSES also followed the same trend with 2.49 points down at 1,289.71. But the blue-chip ...

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Most Asia markets down as dealers spooked by trade, Brexit

WT24 Desk HONG KONG – Asian markets mostly fell Wednesday with nervous investors keeping tabs on developments in the China-US trade talks and the Brexit saga, while awaiting the conclusion of a key Federal Reserve meeting, AFP reports. A general optimism about the outlook for the tariffs negotiations hashelped propel equities higher across the world this year — offsettingconcerns about ...

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Stocks rally on large-cap vibe

WT24 Desk Stocks witnessed upward trend on Tuesday as major indices of both Dhaka and Chittagong Stock Exchanges were found rising trend with higher activities of some large-cap securities despite lower transactions, Agencies report. The rising major sectors were financial institutions, insurance, textile and engineering. A total of 173 securities of the large-cap group moved up on higher activities. The ...

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Asia markets extend rally as eyes turn to Fed meeting

WT24 Desk HONG KONG – Asian markets rose Monday as investors tracked a positive lead from Wall Street on optimism over the China-US trade talks, while attention turns to the Federal Reserve’s next policy meeting this week, AFP reports. The pound held gains as Prime Minister Theresa May tries to push her EUdivorce deal through parliament for a third time, ...

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Deutsche Bank and Commerzbank confirm merger talks

Unions warn merger of two German lenders could put up to 30,000 jobs at risk WT24 Desk Deutsche Bank has confirmed it is in merger talks with rival Commerzbank, putting an end to months of speculation over a potential tie-up that stands to unsettle the German banking landscape, The Guardian reports. While the move has been touted as a route to ...

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