European stocks edged lower, after hawkish comments from Federal Reserve Vice Chairman Stanley Fischer. Key benchmarks in Germany and France were down by 0.59% to 0.66%. London markets were closed today, 31 August 2015, for a holiday.
German retail sales grew in July, rebounding from a decline in June, signaling that consumers in Europe's largest economy started the third quarter on firm footing, adjusted data from the country's statistics office, Destatis, showed today, 31 August 2015. The monthly gain of 1.4% in July 2015 was a recovery from the previous month's 1% decline. In annual terms, sales were 3.3% higher in July, the data showed.
Asian stocks were mixed. Key benchmark indices in Singapore and Japan were off 1.17% to 1.28%. Key benchmark indices in South Korea, Indonesia and Taiwan were up 0.2% to 1.94%.
Chinese stocks fell on media reports that China will avoid massive share purchases after an over $200 million two-month spree to support stocks, which sparked concerns about another round of a stock market sell-off. In mainland China, the Shanghai Composite shed 0.82%. In Hong Kong, the Hang Seng index rose 0.27%.
Chinese authorities have detained a journalist at a Chinese financial-news magazine for allegedly concocting and spreading false information related to securities and futures trading, the official Xinhua News Agency has said, according to media reports. Meanwhile, China's Ministry of Public Security has punished nearly 200 people for spreading online rumors in connection with recent major news events, in a government crackdown on politically sensitive discourse. The sweep targeted people who spread false Internet rumors regarding events such as the stock-market turmoil and deadly explosions earlier this month in the port city of Tianjin, according to news reports.
Chinese markets will be closed on 3 and 4 September 2015 when China will stage a parade to display its military prowess, despite a deteriorating economy.
In Japan, industrial output unexpectedly fell in July, trade ministry data showed. The 0.6% decline in output in July follows a 1.1% rise in June. Output fell in July as companies produced less smartphone parts, computers and cars, the data showed.
Trading in US index futures indicated that the Dow could slide 134 points at the opening bell. US stocks ended on a mixed note on Friday, 28 August 2015, as fears about a global economic slowdown due to China tested sentiment.
Over the weekend, Federal Reserve Vice Chairman Stanley Fischer said at the Kansas City Fed's annual retreat in Jackson Hole that there is "good reason" to expect inflation to rise and stabilize as the American economy grows stronger.
Amid divergent trend among various index components, key benchmark indices registered modest losses. The barometer index, the S&P BSE Sensex, lost 109.29 points or 0.41% to settle at 26,283.09. The 50-unit CNX Nifty lost 30.65 points or 0.38% to settle at 7,971.30. Benchmark indices witnessed intraday volatility. The Nifty fell below the psychological 8,000 mark. The Nifty had settled just a tad above the psychological 8,000 mark after registering modest gains during the previous trading session on Friday, 28 August 2015. The market breadth indicating the overall health of the market was negative.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 56.41 crore during the previous trading session on Friday, 28 August 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 847.43 crore on Friday, 28 August 2015, as per provisional data released by the stock exchanges
German retail sales grew in July, rebounding from a decline in June, signaling that consumers in Europe's largest economy started the third quarter on firm footing, adjusted data from the country's statistics office, Destatis, showed today, 31 August 2015. The monthly gain of 1.4% in July 2015 was a recovery from the previous month's 1% decline. In annual terms, sales were 3.3% higher in July, the data showed.
Asian stocks were mixed. Key benchmark indices in Singapore and Japan were off 1.17% to 1.28%. Key benchmark indices in South Korea, Indonesia and Taiwan were up 0.2% to 1.94%.
Chinese stocks fell on media reports that China will avoid massive share purchases after an over $200 million two-month spree to support stocks, which sparked concerns about another round of a stock market sell-off. In mainland China, the Shanghai Composite shed 0.82%. In Hong Kong, the Hang Seng index rose 0.27%.
Chinese authorities have detained a journalist at a Chinese financial-news magazine for allegedly concocting and spreading false information related to securities and futures trading, the official Xinhua News Agency has said, according to media reports. Meanwhile, China's Ministry of Public Security has punished nearly 200 people for spreading online rumors in connection with recent major news events, in a government crackdown on politically sensitive discourse. The sweep targeted people who spread false Internet rumors regarding events such as the stock-market turmoil and deadly explosions earlier this month in the port city of Tianjin, according to news reports.
Chinese markets will be closed on 3 and 4 September 2015 when China will stage a parade to display its military prowess, despite a deteriorating economy.
In Japan, industrial output unexpectedly fell in July, trade ministry data showed. The 0.6% decline in output in July follows a 1.1% rise in June. Output fell in July as companies produced less smartphone parts, computers and cars, the data showed.
Trading in US index futures indicated that the Dow could slide 134 points at the opening bell. US stocks ended on a mixed note on Friday, 28 August 2015, as fears about a global economic slowdown due to China tested sentiment.
Over the weekend, Federal Reserve Vice Chairman Stanley Fischer said at the Kansas City Fed's annual retreat in Jackson Hole that there is "good reason" to expect inflation to rise and stabilize as the American economy grows stronger.
Amid divergent trend among various index components, key benchmark indices registered modest losses. The barometer index, the S&P BSE Sensex, lost 109.29 points or 0.41% to settle at 26,283.09. The 50-unit CNX Nifty lost 30.65 points or 0.38% to settle at 7,971.30. Benchmark indices witnessed intraday volatility. The Nifty fell below the psychological 8,000 mark. The Nifty had settled just a tad above the psychological 8,000 mark after registering modest gains during the previous trading session on Friday, 28 August 2015. The market breadth indicating the overall health of the market was negative.
Foreign portfolio investors (FPIs) bought shares worth a net Rs 56.41 crore during the previous trading session on Friday, 28 August 2015, as per provisional data released by the stock exchanges. Domestic institutional investors (DIIs) bought shares worth a net Rs 847.43 crore on Friday, 28 August 2015, as per provisional data released by the stock exchanges
