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Asian markets extend rally as China data lifts optimism

WT24 Desk Asian markets rallied Monday, building on last week’s healthy gains with investors buoyed by optimism over China-US trade talks and forecast-busting Chinese factory data, AFP reports. Top negotiators from China and the US flagged progress in last week’sdiscussions in Beijing on the tariffs row, with another round slated for thisweek in Washington. While there have been few details, ...

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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 despite higher transactions, Agencies report. The falling major sectors were engineering, food and allied and IT. A total of 152 securities of the large-cap group moved down due to lower activities. The broader DSEX index of Dhaka Stock Exchange (DSE) ...

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Global stocks rally on trade deal optimism as pound falls again

WT24 Desk NEW YORK – Global stocks rallied Friday on optimism over US-China trade talks, while the pound fell further as Britain veered closer to a potential “no deal” Brexit, AFP reports. Bourses rose in the US and in major European and Asian centers, concluding the first quarter with a flourish. Friday’s session was bolstered by upbeat comments from Trump ...

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Asian markets rally as blockbuster quarter draws to close

WT24 Desk HONG KONG – Asian markets rose Friday, putting them on course to end the week on a positive note with investors looking past a downgrade of US growth to focus on the next round of top-level China-US trade talks, AFP reports. While the past five days have been dogged by fears over the outlook for the global economy, ...

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Asian markets hit by volatility as economy fears pervade

WT24 Desk HONG KONG– Asian markets were gripped by volatility Thursday as investors grow increasingly worried about the state of the global economy, sending them rushing to safe-haven assets and fuelling talk of possible recession, AFP reports. The pound was managing to hold its own despite another night of drama inWestminster that saw Prime Minister Theresa May offer to resign ...

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Turmoil in Turkey’s financial markets after currency crackdown

Istanbul stock market plunges as President Erdoğan tries to stop lira being lent abroad WT24 Desk Financial markets in Turkey have experienced a fresh period of turmoil, putting the country’s recovery from recession at risk and raising questions over the health of emerging markets as the world economy slows, The Guardian reports. President Recep Tayyip Erdoğan’s government heaped pressure on Turkey’s banks ...

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Asian markets mixed as dealers struggle to pick up Wall St rally

WT24 Desk HONG KONG – Asian markets were mixed Wednesday, with a strong lead from Wall Street offset by lingering concerns about the global economy, while oil prices extended gains after Russia reassured over its intention to cut output, AFP reports. Trading remains choppy across the region after a key US gauge raised a redflag warning of recession, adding to ...

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Bond yields are edging higher, easing stock market’s recession jitters

Markets are recovering after days of concern about a potential slowdown in US growth.US 10-year Treasury yields edged up to ease traders’ minds about the risk of recession.China continued its slump while US futures pushed higher. WT24 Desk Markets eased a sigh of relief on Tuesday after traders fretting about warning signs in the bond market dragged global stock markets ...

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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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