The Nifty50 is likely to open flat on Wednesday following a mixed trend seen in other Asian markets after White House took a tough line on a trade deal with China.
Tata Steel – The European Commission formally announced its decision to prohibit the proposed European steel joint venture between Tata Steel and thyssenkrupp AG.
Emerging-market stocks fell on Wednesday after reaching their highest in nearly a month on Tuesday, as fears grew that the U.S.-China trade war would intensify.
Hong Kong police fired rubber bullets and tear gas at demonstrators who threw plastic bottles in running battles outside the city’s legislature, angry at an extradition bill that would allow people to be sent to mainland China for trial.
- Tens of thousands of protesters force delay in Hong Kong extradition bill debate (Reuters: Jun 12, 2019 at 6:59 AM)
- "We will use force": Hong Kong police fire tear gas as protesters throw bottles (Reuters: Jun 12, 2019 at 8:04 AM)
- Hong Kong police fire tear gas in running battles with extradition bill protesters (Reuters: Jun 12, 2019 at 8:15 AM)
- Hong Kong police fire tear gas in running battles with extradition bill protesters (Reuters: Jun 12, 2019 at 8:24 AM)
- ‘We will use force’: HK police fire tear gas as protesters throw bottles (Asahi Shimbun: Jun 12, 2019 at 12:00 AM)
European shares pulled back from three-week highs on Wednesday as this month’s recovery rally ran out of steam on the back of soft Chinese factory activity data and the latest signs of friction between Washington and Beijing on trade.
A good risk-reward trade in Federal Bank which can see the stock move higher
European shares pulled back from three-week highs on Wednesday after the United States toughened its stance on trade with China and data from Beijing showed factory inflation slowed in May, deepening fears of a global economic slowdown.
London’s main stock market index eased on Wednesday as the latest exchange of blows between Washington and Beijing kept investors on edge about the risks to global growth, while small-cap car dealership chain Pendragon sank after a profit alert.
China stocks fell on Wednesday after the previous session’s rally, as weak factory inflation data and prospects of an escalation in the Sino-U.S. trade war curbed risk appetite.
The ChiNext Index, China’s NASDAQ-style board of growth enterprises, lost 0.90 percent to close at 1,473.90 points on Wednesday.