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The OPEC+ alliance decided to maintain production at current levels, pausing to take stock of a global oil market that’s roiled by uncertainty over Chinese…
Volatility Spikes with Rising Rates Share Share The past two weeks have proven to be turbulent for most asset classes, save for a few widely held and widely traded commodities like lumber, copper and oil. Heading into last weekend — the final couple of trading days of February — bonds, gold and high price-to-earnings (P/E) growth stocks got crushed. Even Bitcoin has shed 25%, its worst week in a year, in what has been a wild ride, but a bullish one for those that can withstand huge price swings amid the bouts of “risk off” trading. That ride has stalled out, at least temporarily...
MSCI's broadest index of Asia-Pacific shares outside Japan slid more than 3 per cent. The Indian equity benchmarks continue to witness intense selling pressure mirroring losses in other global markets as a rout in global bond markets sent yields flying and spooked investors amid fears the heavy losses suffered could trigger distressed selling in other assets. The Sensex fell as much as 1,848 points or 3.6 per cent and Nifty 50 index plunged 3.6 per cent to hit an intraday low of 14,554. As of 12:57 pm, the Sensex was down 1,619 points or 3.2 per cent to 49,419 and Nifty tumbled 3.3 per cent o...