Gold prices declined as the dollar strengthened and Treasury yields rose, driven by an unexpected increase in U.S. retail sales in March, on Monday. This development raised concerns that the Federal Reserve might postpone interest rate cuts for the year. Spot gold saw a 0.5 per cent decrease, reaching $2,332.97Read More →
Stock market investors on Wall Street in the week ahead will be focusing on the US economic data including retail sales report and the industrial production data, and quarterly earnings reports from major companies such as Netflix, Goldman Sachs, Morgan Stanley, Bank of America, and Abbott Laboratories. The investors willRead More →
At the end of the Mahabharata war, Yudhishthira, the leader of the Pandavas, is overwhelmed with guilt and grief over the massacre of his relatives. Looking to boost his flagging spirits, Lord Krishna and sage Vyasa advise him to perform the Ashvamedha Yagna—an extravagant and elaborate ceremony meant to demonstrateRead More →
Equities saw their worst day since January after a news report that Israel was bracing for an attack by Iran on government targets. Approximately 40 launches were identified crossing from Lebanese territory, some of which were intercepted, the Israel Defense Forces wrote in a post on X. US President JoeRead More →
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and theRead More →
View Full Image Wall Street (REUTERS) U.S. stocks fell on Tuesday as investors weighed chances that the Federal Reserve could delay cutting interest rates, while Tesla shares dropped after the electric car maker posted fewer quarterly deliveries for the first time in nearly four years. Tesla’s stock fell more thanRead More →
Gold prices in India maintained its shine during the financial year 2023-2024 driven by escalating geopolitical crises worldwide. Volatility in the yellow metal prices also remained high led by slowing growth in advanced economies and monetary tightening by global central banks amid high inflation. Gold has historically been viewed asRead More →
US stocks opened flat on Thursday in thin trading ahead of Easter break. At the opening bell, the Dow Jones Industrial Average rose 3.66 points, or 0.01%, to 39,763.74. The S&P 500 opened lower by 0.46 points, or 0.01%, at 5,248.03, while the Nasdaq Composite dropped 22.29 points, or 0.14%,Read More →
Stock market investors on Wall Street in the week ahead will be watching the Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index and speeches from a host of Fed speakers including Chair Jerome Powell. The week will also see data on durable goods orders and consumerRead More →
US stocks rallied on Monday, as megacaps lifted Nasdaq higher ahead of the US Federal Reserve’s meeting this week. Fed policymakers are widely expected to keep interest rate unchanged as inflation data released last week showed that the consumer prices in the US rose in February. At 9:34 a.m. ET,Read More →
