Read more about MSCI rejig to trigger $350 mn ETF inflows after adjustments, say analysts on Business Standard. Three Adani group among six stocks added to the Global Standard Index
Read more about Archegos prepares for insolvency as banks seek $10-bn compensation: Report on Business Standard. Global banks had lost $10 billion after highly leveraged bets from the family office on media stocks like ViacomCBS turned sour.
World stocks held near a record high and the euro was on course for its best month in nine as strong U.S. data and corporate earnings plus the Federal Reserve s commitment to support the economy fuelled investors appetite for risk. MSCI s broadest gauge of world stocks covering 50 markets dipped 0.1% but remained close to a record peak touched the previous day, up 5% on the month. In Europe, euro Stoxx futures were steady and Britain s FTSE 100 traded up 0.2%. U.S. stock futures were down 0.3% after the S&P 500 closed at an all-time high. The Federal Reserve continues to support, Biden has this huge stimulus programme as well and the earnings season continues so far we have seen relatively benign as well as strong earnings, said Eddie Cheng, head of international multi-asset portfolio management at Wells Fargo Asset Management.
Read more about Global shares mostly higher before Fed meeting, Joe Biden speech on Business Standard. Global shares were moderately higher in listless trading Wednesday, as investors watched for news out of a Federal Reserve meeting.France s CAC 40 gained 0.3% in early trading to 6,291.87, while Germany s DAX edged up 0.2% to 15,279.81. Britain s