Analysis: Indices

The end of the rally for European Banks?

After several years of outperformance, European banks are stalling.

Egypt's GDP grew by 5.3% in first quarter of 2025/2026

Egypt's GDP grew by 5.3% in the first quarter of its 2025/26 fiscal year compared with 3.5% in the same period a year earlier, the planning ministry said on Thursday, boosted by the government's...

Zimbabwe sees economic growth slowing to 5% in 2026 amid global headwinds

HARARE -Zimbabwe expects modest economic growth for 2026 compared with this year due to external headwinds, Finance Minister Mthuli Ncube said during a budget presentation on Thursday, as the country...

TSX posts fifth straight day of gains ahead of key economic data

Canada's main stock index edged up to another record high on Thursday, led by gains for energy and technology shares, as investor sentiment remained positive in advance of domestic GDP data. ...

Trafigura says Gupta pilfered funds from metals fraud for his distressed firms

LONDON -Commodity trader Trafigura's lawyers accused Indian businessman Prateek Gupta on Thursday of siphoning off funds from an alleged $600 million metals fraud to prop up his struggling business...

UK midcaps climb, FTSE 100 flat a day after budget

The UK's midcap index climbed on Thursday, hitting its highest in two weeks, a day after Finance Minister Rachel Reeves announced a big tax-raising budget. The blue-chip FTSE 100 ended...

South Africa producer inflation rises to 2.9% y/y in October

JOHANNESBURG -South Africa's producer inflation was at 2.9% year on year in October, up from 2.3% in September, statistics agency data showed on Thursday. The Producer Price Index...

India growth to be sustained in 2025/26 by rural, urban demand, report says

NEW DELHI -India will withstand trade-related uncertainties and maintain growth through the rest of 2025/26 , with the help of strong demand, steady public spending and easing inflation, the...

South African rand eases after domestic PPI data

JOHANNESBURG -The rand weakened slightly against the dollar on Thursday after data showed South Africa's producer price inflation accelerated in October, though moves in the currency market were...

India's equity markets scale new highs after 14 months on growth optimism, easing valuations

India's stock benchmarks surged to record highs on Thursday, powered by cooling valuations, expectations of an earnings recovery, and a resilient economy supported by favourable fiscal and monetary...

India's central bank expected to cut rates to 5.25% on December 5

BENGALURU -The Reserve Bank of India will cut its key interest rate by 25 basis points to 5.25% on December 5, according to a majority of economists polled by Reuters who expect the rate to stay...

Stocks buoyed by rate cut expectations, sterling choppy on UK budget surprise

NEW YORK -Global stocks rallied for a fourth straight day on Wednesday as expectations for a U.S. Federal Reserve rate cut remained elevated, while sterling was whipsawed by Britain's fiscal watchdog...

Heightened Fed cut expectations lift stocks, sterling choppy on UK budget surprise

NEW YORK -Global stocks advanced for a fourth straight day on Wednesday as expectations for a U.S. Federal Reserve rate cut remained intact, while sterling was whipsawed by Britain's fiscal watchdog...

Metal mining shares help lift TSX to another record high

TORONTO -Canada's main stock index climbed to another record high on Wednesday, led by metal mining shares, as declining global dependence on a small cluster of high-flying technology stocks raised...

J.P. Morgan sees S&P 500 at 7,500 by end 2026, double-digit gain from here

NEW YORK -The benchmark S&P 500 should end next year at 7,500, helped by a resilient U.S. economy and an artificial intelligence-driven supercycle, according to Dubravko Lakos-Bujas, J.P. Morgan's...

TSX opens higher, lifted by Fed rate cut hopes

Canada's main stock index opened higher on Wednesday, buoyed by gains in gold mining stocks, while growing confidence in an imminent interest rate cut from the U.S. Federal Reserve continued to fuel...

Canada's TSX to hit new highs in 2026 supported by trade hopes, resource push: Reuters Poll

TORONTO -Canada's main stock index is expected to rise to another all-time high next year as trade uncertainty potentially eases and resource shares benefit from booming spending on artificial...

Indian stocks to hit new highs by mid-2026 despite foreign exodus- Reuters poll

BENGALURU -India's stock market will reach record highs by mid-2026 and extend those gains through next year, a Reuters poll of equity analysts showed, as strong domestic buying overtakes stretched...

South Africa's Tiger Brands annual earnings jump 31% on strong volume growth

JOHANNESBURG -South Africa's Tiger Brands reported a 31% rise in full-year earnings on Wednesday, driven by strong volume growth and improved operating margins despite muted consumer spending. ...