top of page
Long-time Chief Executive Officer Ben Silbermann of Pinterest would step down, handing over the reins of the social media platform to Google...

Stock Market

Google executive to take over as a new CEO of Pinterest

Top accounting firm Ernst & Young has been slammed with a record $100 million fine from the US government...

Stock Market

Accounting firm gets 100 million fine for faulty regulations

The Indian rupee slipped into a fresh low today and extended losses against the US dollar.


The rupee tumbled to a new low against the dollar in the midst of an increase in crude oil price

Wall Street saw a sharp fall at its closing in a broad sell-off. Consumers' worries over recession have sparked up...

Stock Market

Wall Street Lose Balance after recession strikes growth fear among consumers’

Soaring inflation may be pushing the US economy into a deep recession. Last week's 0.75% interest rate hike by the Federal Reserve...

Stock Market

Inflation ringing the recession bell - Mohammed Shaheen

Stock Market

1 Nov 2021

Asian Stocks and Futures Climb Up After the Japanese Elections

The Index Today

On Monday, Asian stocks rose after the Japanese elections boosted expectation for the new fiscal stimulus package and investor optimism grew. Prime Minister Fumio Kishida’s LBD party went beyond initial forecasts and maintained a majority position, leading to equities jumping by more than 2%.

On the other hand, China stocks went down after economic data indicated further shortage of power and high inflation in the country. Technology stocks in China saw a dip as European and U.S futures went up.

In other world news, shirt-term yields from Australian and Canada went up after speculation on interest rate hikes aimed to bring down inflation. Investors and traders are looking closely to the upcoming central bank meetings in the U.K, U.S, and Australia. It is expected that the bond purchases will be scaled back soon.

The dollar slowly climbed up whereas Australian debt reduced possibilities of a collapse. The Central bank’s failure support a bond-yield target indicates towards a policy shift. Investors expect the economic recovery to slow down as the central banks work towards reducing support programs. Kerry Craig, global market strategist at JPMorgan said, “Depending on where you are looking, you are getting very different stories on the outlook for global markets. If you look at equities and the rally you are seeing, you think everything is ok. If you look at the job market and how yields are moving, there’s obviously a lot more concern around inflation and policy normalization.”

Clay pottery with table linens
bottom of page