Devik Jain
Bangalore
As seen in:
MSN,
MSN Canada,
MSN UK,
Daily Mail,
Reuters,
Terra,
Yahoo Canada,
Yahoo News,
Yahoo News Malaysia,
Yahoo News UK
and
Is this you? As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.
Claim your profile
Articles by Devik Jain
US STOCKS Wall Street set to drop on fears over new coronavirus strain
Dec 21 (Reuters) – Wall Street’s main indexes were set to fall from record levels on Monday, with travel stocks leading declines, as concerns over a new strain of the coronavirus in Britain prompted investors to lock in profits. The strain, which is said to be up to 70% more transmissible than the original, forced major European countries to shut their borders with the UK and sowed fears of further economic disruptions.
US STOCKS-Nasdaq futures rise as tech selloff calms
By Shreyashi Sanyal, Devik Jain (For a live blog on the U.S. stock market, click or type LIVE/ in a news window.) * FAANG group of stocks lead bounce among tech-related firms * Oracle falls as Trump to block U.S. downloads of TikTok * PG&E Corp slips as finance chief resigns * Futures up: Dow 0.07%, S&P 500 0.17%, Nasdaq 0.54% (Adds comments, updates prices throughout) Sept 18 (Reuters) – Futures tracking the Nasdaq 100 index rose on Friday as a two-day selloff in technology-related stocks...
US STOCKS Recovery rally drives S&P 500, Dow to new peaks
Feb 16 (Reuters) – The S&P 500 and the Dow Jones Industrial Average hit all-time highs on Tuesday as cyclical sectors gained on the prospect of more fiscal aid to lift the U.S. economy from a coronavirus-driven slump. The Nasdaq, however, dipped as technology stocks moved lower. Sectors poised to benefit the most from a reopening economy, including energy (.SPNY) and financials (.SPSY), had the biggest gains.
Wall St opens higher ahead of March business surveys; Intel shines
March 24 (Reuters) – U.S. stock indexes opened higher on Wednesday as Intel’s shares jumped on plans to expand chip making capacity, while investors looked to business surveys for March and another day of testimonies from the top two U.S. economic officials. The Dow Jones Industrial Average (.DJI) rose 47.7 points, or 0.15%, at the open to 32470.88.
Wall Street slips as major banks slide
WATCH IT HEREUp Late with Ben Harvey Find out More
Wall Street baja presionado por Meta y los bancos
Por Devik Jain y Ankika Biswas 6 dic (Reuters) - Los principales índices de Wall Street caían el martes, arrastrados por las acciones de Meta Plataforms y de los bancos, mientras los inversores siguen preocupados por un ciclo de alzas de tasas que se alarga a pesar de las advertencias sobre una posible recesión el año que viene.
Wall Street indexes fall, pulled down by Meta platforms and banks
Meta slid 5.8% and weighed heavily on the S&P 500 and the Nasdaq after a report on a EU ruling that said Facebook and Instagram should not require users to agree to personalized ads based on their digital activity. Bank of America dipped 2.9% to lead declines in the financial sector. The lender's chief executive said the bank's research predicted three quarters of mild negative growth next year. JPMorgan Chase and Co's top boss Jamie Dimon also warned of a mild to more pronounced recession ahead.
Wall Street slips as major banks slide
Wall Street's main indexes have fallen, dragged down by shares of Meta Platforms and banks, while investors worried about a longer rate-hike cycle despite warnings of a potential recession next year.
US STOCKS-Wall St eyes subdued open after selloff on Fed worries
By Devik Jain and Ankika Biswas Dec 6 (Reuters) - U.S. stock indexes were set for a subdued open on Tuesday following a selloff on fears the Federal Reserve could persist with interest rate hikes for longer, while focus shifted to Georgia runoff election that could decide the fate of the Senate.
US STOCKS-Wall St falls after strong service-sector data feeds hawkish Fed fears
By Ankika Biswas and Devik Jain Dec 5 (Reuters) - U.S. stock indexes fell on Monday after better-than-expected service-sector activity added to jitters that the Federal Reserve might continue to hike interest rates for longer, while shares of Tesla slid on reports of a production cut in China. The electric-vehicle maker TSLA.O shed 5.4% on plans to cut December output of the Model Y at its Shanghai plant by more than 20% from the previous month.
EMERGING MARKETS-Latam FX falls as strong U.S. jobs data revives hawkish Fed fears
By Shreyashi Sanyal and Devik Jain Dec 2 (Reuters) - Latin American currencies fell on Friday after a stronger-than-expected reading on U.S. employment raised concerns about a hawkish Federal Reserve, while South Africa's rand rebounded a day after rumors of President Cyril Ramaphosa resigning shook markets.
Latam FX falls as strong U.S. jobs data revives hawkish Fed fears
Article content tame inflation. Latin American currencies were set to end their second straight week higher, while the region’s stocks index was set to snap a three-week losing streak. Optimism over a downshift in aggressive monetary policy by the U.S. Federal Reserve and that China will gradually reopen its economy have bode well for riskier emerging market assets. South Africa’s rand rose 1.1%, after falling some 4% in the last two days.
Europe's STOXX 600 slips, but marks seventh week of gains
By Susan Mathew and Devik Jain (Reuters) – European shares fell back on Friday after two days of strong gains that helped the STOXX 600 index notch up its seventh straight week of rises amid signs of China re-opening its economy and easing worries about interest-rate hikes. The pan-European index closed 0.2% lower after rallying 1.5% in the last two sessions. The index gained 0.6% over the week, and registered its longest weekly winning streak since April 2021.
Las acciones europeas bajan, pero cierran su séptima semana al alza
Por Susan Mathew y Devik Jain 2 dic (Reuters) - Las acciones europeas bajaron el viernes tras dos días de fuertes ganancias que ayudaron al índice STOXX 600 a anotar su séptima semana consecutiva al alza, en medio de señales de reapertura de la economía china y menores preocupaciones sobre los aumentos de las tasas de interés. * El índice paneuropeo perdió un 0,2%, tras subir un 1,5% en las dos últimas sesiones.
Acciones europeas cierran por sobre máximos de tres meses tras Powell, optimismo China
(Para un blog en vivo de Reuters sobre los mercados bursátiles de EE.
European stocks close above three-month high on Powell, China cheer Original
Author of the article: Reuters Susan Mathew and Devik Jain Publishing date: Dec 01, 2022 • 1 hour ago • 2 minute read Join the conversation Article content Europe’s STOXX 600 index closed above a three-month high on Thursday, as investors cheered U.S. Federal Reserve Chair Jerome Powell’s hints of smaller interest rate hikes and China’s decision to soften its tone on strict COVID-19 restrictions. The pan-European STOXX 600 index climbed 0.9% to hit its highest since Aug 17.
EMERGING MARKETS-Most Latam currencies, stocks climb as dollar slides after Powell speech
By Bansari Mayur Kamdar and Devik Jain Nov 30 (Reuters) - Most Latin American currencies and stock indexes jumped on Wednesday as commodity prices rose and dollar slid after the Federal Reserve chair Jerome Powell signaled slower pace of interest-rate hikes as early as next month to battle inflation. The dollar index =USD dropped nearly 1%.
Most Latam currencies, stocks climb as dollar slides after Powell speech
Article content of trading at Monex USA in Washington. “Now, overall it seems underlying prices of commodities and planning for production are coming down in costs.” Copper exporters Chile’s peso and Peru’s sol added 1% and 0.3% against the dollar. Copper output in Chile, the world’s largest producer of the metal, rose 2.2% year-on-year to 485,447 tonnes in October, said the country’s statistics agency INE.
EMERGING MARKETS-Most Latam currencies, stocks climb as dollar slides after Powell speech
Leer todo el artículo Inicia sesión para añadir a la lista de seguimiento Iniciar sesión Inicia sesión para añadir a la lista de seguimiento Iniciar sesión * Chile copper output up 2.2% in October * Peru opposition launch 3rd impeachment attempt against Castillo * EM stocks set for best monthly performance since 2009 (Updates prices) By Bansari Mayur Kamdar and Devik Jain Nov 30 (Reuters) - Most Latin American currencies and stock indexes jumped on Wednesday as commodity prices rose and...
El STOXX 600 anota su mejor mes desde julio por esperanzas sobre China y tasas de interés
(.) Por Susan Mathew y Devik Jain 30 nov (Reuters) - El índice STOXX 600 cerró al alza el miércoles y registró su segundo mes consecutivo de ganancias gracias a las esperanzas de que se flexibilicen las restricciones por el COVID en China y después de que datos de inflación en la zona euro reforzaran los argumentos a favor de un menor ritmo de alzas de tasas por parte del Banco Central Europeo.
Europe's STOXX 600 logs best month since July on China, smaller rate hikes cheer Original
Author of the article: Reuters Susan Mathew and Devik Jain Publishing date: Nov 30, 2022 • 24 minutes ago • 2 minute read Join the conversation Article content Nov 30 (Reuters) – The STOXX 600 index closed higher on Wednesday and registered its second straight month of gains on hopes of easing COVID curbs in China and after cooler euro zone inflation data bolstered case for smaller rate hikes by the European Central Bank.
EMERGING MARKETS-Brazilian real, stocks lead gains among Latin American peers
By Bansari Mayur Kamdar and Devik Jain Nov 29 (Reuters) - Brazil's resource-heavy main stock index and real led gains among Latin American peers on Tuesday, on boost from a subdued dollar and as prices of their exporting commodities rose on hopes of easing COVID-19 curbs in China post the rare protests. The MSCI's index for Latin American stocks .MILA00000PUS and currencies .MILA00000CUS jumped 2.5% and 1.3%, respectively.
Brazilian real, stocks lead gains among Latin American peers
Article content and strategy. “While the extent to which Lula will be successful in pushing through major economic reform is not yet clear, there is widespread support from business and the broader public for addressing the festering fiscal mess.” Reuters reported Brazilian President-elect Luiz Inacio Lula da Silva is expected to tap former Sao Paulo Mayor Fernando Haddad in coming days to be his finance minister.
EMERGING MARKETS-Brazilian real, stocks lead gains among Latin American peers
Leer todo el artículo Inicia sesión para añadir a la lista de seguimiento Iniciar sesión Inicia sesión para añadir a la lista de seguimiento Iniciar sesión * Latam stocks up 2.5%, FX gains 1.3% * Brazil stocks set to rally 13% by end-2023 - poll * Chile unemployment rate hits 8.0% in quarter through October (Updates prices) By Bansari Mayur Kamdar and Devik Jain Nov 29 (Reuters) - Brazil's resource-heavy main stock index and real led gains among Latin American peers on Tuesday, on boost from...
Europe's STOXX 600 closes slightly lower; focus on euro zone inflation data
Author of the article: Reuters Susan Mathew and Devik Jain Publishing date: Nov 29, 2022 • 8 minutes ago • 2 minute read Join the conversation Article content Nov 29 (Reuters) – Europe’s STOXX 600 index slipped in cautious trading on Tuesday as a fall in technology and chemicals stocks offset a rally in commodity-linked shares spurred by hopes that Beijing could ease COVID-19 curbs following recent protests.
China's COVID Protests Weigh on European Shares; Airbus Tumbles
By Sruthi Shankar and Devik Jain (Reuters) -Europe's STOXX 600 index fell on Monday, in line with a rout in global markets on economic jitters due to rare protests in China against stringent COVID-19 curbs, while shares of Airbus slid 5.7% on a report the planemaker may delay some jet deliveries. The pan-European index closed 0.7% lower, slipping from last week's peak which was the highest in more than three months.
Las protestas en China contra las cuarentenas pesan sobre las acciones europeas; Airbus se desploma
Por Sruthi Shankar y Devik Jain 28 nov (Reuters) - El índice europeo STOXX 600 cayó el lunes debido al nerviosismo económico provocado por las inusuales protestas en China contra las estrictas restricciones por el COVID-19, mientras que las acciones de Airbus se hundieron un 5,7% tras conocerse que el fabricante de aviones podría retrasar algunas entregas. * El índice paneuropeo cerró con un descenso del 0,7%, tras haber alcanzado la semana pasada un máximo de tres meses.
UPDATE 2-Europe’s STOXX 600 logs sixth straight week of gains
(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window) * Real estate stocks tumble * Retail stocks dip on Black Friday * German economy grows more than expected in Q3 (Updates to close) By Sruthi Shankar and Devik Jain Nov 25 (Reuters) - Europe's STOXX 600 index closed flat on Friday, for its sixth straight weekly gain, as hopes of slowing interest rate hikes offset a real estate sector sell-off and retailers were hurt by fears of a bumpy...
Europe's STOXX 600 logs sixth straight week of gains
Author of the article: Reuters Sruthi Shankar and Devik Jain Publishing date: Nov 25, 2022 • 2 minutes ago • 2 minute read Join the conversation Article content Nov 25 (Reuters) – Europe’s STOXX 600 index closed flat on Friday, for its sixth straight weekly gain, as hopes of slowing interest rate hikes offset a real estate sector sell-off and retailers were hurt by fears of a bumpy holiday shopping season.
Most EM FX rise against dollar; Lira hovers near record low, rand flat after rate decisions
Most emerging market currencies firmed on Thursday as the dollar slipped following less-hawkish signals from the U.S. Federal reserve, although Turkey's lira hovered near record lows and South Africa's rand was subdued after central bank decisions. Brazil's real jumped 0.9%. Brazilian Senator Marcelo Castro told Reuters that the spending cap waiver bill, which aims to exempt at least 100 billion reais ($19 billion) for welfare spending next year, must be approved by Dec.
EMERGING MARKETS-Most EM FX rise against dollar; Lira hovers near record low, rand flat after rate decisions
By Susan Mathew and Devik Jain Nov 24 (Reuters) - Most emerging market currencies firmed on Thursday as the dollar slipped following less-hawkish signals from the U.S. Federal reserve, although Turkey's lira hovered near record lows and South Africa's rand was subdued after central bank decisions. Brazil's real BRL= jumped 0.9%.
Most EM FX rise against dollar; Lira hovers near record low, rand flat after rate decisions
Article content and foreign exchange reserves, hammering its appeal to foreign investors. Citi strategists said that focus will now be on the 2023 monetary and exchange rate document, set to published in December, which will be watched for a comprehensive discussion of additional measures that the central bank will employ.
Real estate stocks power Europe's STOXX 600 to fresh three-month high Original
Author of the article: Reuters Sruthi Shankar and Devik Jain Publishing date: Nov 24, 2022 • 2 minutes ago • 2 minute read Join the conversation Article content Europe’s STOXX 600 index closed at a fresh three-month high on Thursday led by gains in real estate stocks after minutes from the Federal Reserve’s November meeting signaled a slowdown in the pace of interest rate hikes. The pan-European STOXX 600 index rose 0.5% to its strongest level since Aug.
EMERGING MARKETS-Brazil's real, stocks fall on fiscal jitters; other Latam FX rise as dollar slides
By Susan Mathew and Devik Jain Nov 23 (Reuters) - Brazil's real fell on Wednesday as inevestors worried about the country's fiscal policy and after President Jair Bolsonaro challenged presidential elections he lost, while a weaker dollar boosted other Latin American currencies. The real BRL= lost 0.3%, extending Tuesday's losses against a weaker dollar in volatile trading after Bolsonaro argued votes from some machines in last election should be "invalidated".
Brazil's real, stocks fall on fiscal jitters; other Latam FX rise as dollar slides
Article content at VanEck said in a note. “The market is absolutely correct in focusing on the cabinet lineup and fiscal debates – these will be key drivers for local assets going forward.” Brazil shares fell 0.2%, weighing on the MSCI LatAm stock index.
EMERGING MARKETS-Brazil's real, stocks fall on fiscal jitters; other Latam FX rise as dollar slides
Leer todo el artículo Inicia sesión para añadir a la lista de seguimiento Iniciar sesión (Updates prices) By Susan Mathew and Devik Jain Nov 23 (Reuters) - Brazil's real fell on Wednesday as inevestors worried about the country's fiscal policy and after President Jair Bolsonaro challenged presidential elections he lost, while a weaker dollar boosted other Latin American currencies.
Índice europeo STOXX 600 toca máximos de más de tres meses; Credit Suisse cae tras advertencia
(.) Por Sruthi Shankar y Devik Jain 23 nov (Reuters) - El índice europeo STOXX 600 cerró al alza el miércoles debido a que las ganancias de las mineras contrarrestaron las pérdidas de Credit Suisse tras su advertencia de ganancias, mientras los inversores esperaban las minutas de las últimas reuniones de política monetaria de la Reserva Federal y el Banco Central Europeo para obtener pistas sobre futuras alzas de tasas. * El índice continental subió un 0,6% a un máximo desde el 19 de agosto.
Europe's STOXX 600 hits over 3-month highs; Credit Suisse drops after flagging hefty loss Original
Author of the article: Reuters Sruthi Shankar and Devik Jain Publishing date: Nov 23, 2022 • 8 minutes ago • 2 minute read Join the conversation Article content Nov 23 (Reuters) – Europe’s STOXX 600 index closed higher on Wednesday as gains in miners offset losses in Credit Suisse after its profit warning, while investors awaited minutes of the Federal Reserve and European Central Bank’s last policy meetings for clues on future interest rate hikes.
EMERGING MARKETS-Brazil's real falls on fiscal policy woes; Hungary's forint firms after cenbank decision
By Susan Mathew and Devik Jain Nov 22 (Reuters) - Brazil's real slid on Tuesday, underperforming the other commodity-linked Latin American currencies, amid fiscal policy uncertainty, while Hungary's forint firmed after the central bank said monetary policy would stay restrictive for a "prolonged period." Brazil's real BRL= dipped 0.9% as investors grew impatient with the uncertainty surrounding President-elect Luiz Inacio Lula da Silva's Cabinet picks and policy plan.
Brazil's real falls on fiscal policy woes; Hungary's forint firms after cenbank decision
Article content central bank’s decision, which was in line with expectations, to keep the base rate on hold at 13% following an emergency hike last month. The central bank expects inflation to rise further in the coming months and growth to slow more this quarter. In Nigeria, the central bank raised its benchmark lending rate to 16.50% from 15.50% as it strives to rein in inflation. The move follows a 150 basis-point increase in September. The naira currency was flat against the dollar.
Las acciones europeas cierran en alza gracias al repunte de las petrolera
Por Sruthi Shankar y Devik Jain 22 nov (Reuters) - Las acciones europeas subieron el martes, impulsadas por el repunte de los valores petroleros tras la caída de la sesión anterior, mientras los inversores esperaban la próxima serie de datos para obtener pistas sobre la salud del continente, cuando hay señales contradictorias de los responsables monetarios.
European shares end higher as oil stocks rebound Original
Author of the article: Reuters Sruthi Shankar and Devik Jain Publishing date: Nov 22, 2022 • 8 minutes ago • 2 minute read Join the conversation Article content European shares rose on Tuesday, lifted by rallying oil stocks after a rout in the previous session, as investors looked toward the next batch of data for clues on the health of the continent amid mixed signals from policymakers on the path of interest rates.
EMERGING MARKETS-Brazil's real rise in choppy trading, other EM FX mixed on growth worries
By Devik Jain Nov 21 (Reuters) - The Brazilian real jumped on Monday after President-elect Luiz Inacio Lula da Silva said fiscal responsibility was equally important as spending to improve the economy, while its regional peers were mixed on growth worries following COVID-19 flare-ups in China. The real BRL= rose 1.3% in volatile trading against the dollar, gaining for the second straight day.
EMERGING MARKETS-Brazil's real rise in choppy trading, other EM FX mixed on growth worries
Leer todo el artículo Inicia sesión para añadir a la lista de seguimiento Iniciar sesión Inicia sesión para añadir a la lista de seguimiento Iniciar sesión (Updates prices) By Devik Jain Nov 21 (Reuters) - The Brazilian real jumped on Monday after President-elect Luiz Inacio Lula da Silva said fiscal responsibility was equally important as spending to improve the economy, while its regional peers were mixed on growth worries following COVID-19 flare-ups in China.
EMERGING MARKETS-Brazil's real recovers as Lula's team attempts to sooth fiscal worries
By Susan Mathew and Devik Jain Nov 18 (Reuters) - Brazil's real firmed on Friday, outperforming broader Latin American peers, as the incoming government sought to assuage fears about fiscal spending, while uncertainty about the U.S. Federal Reserve's pace of tightening kept the mood cautious. Following a three-day losing streak, Brazil's real BRBY rose 1%.
Brazil's real recovers as Lula's team attempts to sooth fiscal worries
Article content Preliminary data on Friday showed Mexico’s economy likely grew by 5% in October compared with the same month a year earlier. But GDP data from Chile showed the economy shrank in the third quarter at the fastest quarterly rate in more than two years, as recession concerns grow in the world’s largest copper producer. Meanwhile, Argentina is considering reinstating a special exchange rate for soybean sector in a bid to boost exports, a export dollars to replenish its reserves.
El STOXX 600 europeo se dispara más de un 1% y termina la semana en alza
Por Shreyashi Sanyal y Devik Jain 18 nov (Reuters) - El índice europeo STOXX 600 cerró al alza el viernes, en un avance generalizado y liderado por las minoristas y los fabricantes de automóviles, mientras los inversores esperaban las minutas de la más reciente reunión de política monetaria del Banco Central Europeo y estaban pendientes de una serie de datos que se publicarán la próxima semana.
Europe's STOXX 600 jumps more than 1% to end week higher Original
Author of the article: Reuters Shreyashi Sanyal and Devik Jain Publishing date: Nov 18, 2022 • 1 hour ago • 2 minute read Join the conversation Article content Europe’s STOXX 600 index closed higher on Friday in a broad-based rally led by retailers and automakers, while investors awaited minutes from the European Central Bank’s last policy meeting and kept an eye out for a slew of data due next week.
EMERGING MARKETS-Brazil's real recovers as Lula's team attempts to sooth fiscal worries
By Susan Mathew and Devik Jain Nov 18 (Reuters) - Brazil's real firmed on Friday, outperforming broader Latin American peers, as the incoming government sought to assuage fears about fiscal spending, while uncertainty about the U.S. Federal Reserve's pace of tightening kept the mood cautious.
Brazil's real recovers as Lula's team attempts to sooth fiscal worries
Article content its tightening cycle.” Brazilian President-elect Luiz Inacio Lula da Silva’s former finance minister and close aide Guido Mantega, asked to be removed on Thursday from the government transition team. Mantega’s inclusion in the budget planning group had triggered market complaints due to his support of greater state interference in the economy.
Show More
loading
Actions
Is this you?
As a journalist, you can create a free Muck Rack account to customize your profile, list your contact preferences, and upload a portfolio of your best work.Get in touch with Devik
Contact Devik, search articles and posts on X, monitor coverage, and track replies from one place.
Learn more about Muck Rack