Asian stock markets were mostly lower on Wednesday as a rise in … more Photo: Ahn Young-joon, AP Trump reports weigh on global stocks and the dollar 1 / 6 Back to GalleryLONDON (AP) — Global stock markets and the dollar drifted lower Wednesday as traders fretted over reports that President Donald Trump appealed to ex-FBI Director James Comey to ditch an investigation into ousted national security adviser Michael Flynn.
less Currency traders work at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 17, 2017.
less A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, Wednesday, May 17, 2017.
less A man looks at an electronic stock indicator of a securities firm in Tokyo, Wednesday, May 17, 2017.
Trump reports weigh on global stocks and the dollarPhoto: Shizuo Kambayashi, AP Image 1 of / 6 Caption Close Image 1 of 6 A man uses a mobile phone in front of an electronic stock indicator of a securities firm in Tokyo, Wednesday, May 17, 2017.
Trump led a sharp rally in U.S. stocks after U.S. election
as informed in Both the Dow and S&P 500 fell below their 50-day moving averages for the first time since April 21.
The S&P 500 financial sector tumbled more than 2 percent, led by losses in Bank of America and JPMorgan.
Optimism over pro-growth policies under Trump drove a sharp rally in U.S. stocks after the Nov. 8 U.S. election.
At nearly 18 times forward earnings, the S&P 500 trades at a significant premium to its long-term average valuations of 15 times, according to Thomson Reuters data.
MSCI’s gauge of stocks across the globe fell 0.9 percent, while European shares ended down 1.4 percent.
as informed in Within Mumbai, rentals in the central business district (CBD) declined 4%, while those in other regions rose by about 1-2%.
reutersRail freight volume expands for fourth monthFreight traffic on Indian Railways expanded for the fourth consecutive month.
Office rentals jump in Navi MumbaiOffice rentals in Navi Mumbai rose 9% year-on-year in the March quarter, the highest for any region on a pan-India basis.
In the previous three months, freight volumes grew in the range of 0.3-7.7%.
The volume growth reflects rising demand for raw materials.