The trends on Gift Nifty also indicate a negative start for the Indian benchmark index. The Gift Nifty was trading lower at 19,449 level as compared to Nifty futures’ Friday’s close of 19,503. Nifty fell below 19,500, exhibiting signs of weakness, characterized by a lower top formation. On Friday, theRead More →
China is set to release its trade balance on Tuesday and inflation data on Wednesday. In Japan, official data showed the country’s household spending fell 4.2% YoY in June, compared with 4% in May, remaining in negative territory for the fourth straight month. In the US, the latest consumer priceRead More →
Asian markets traded lower on Monday following a weak trend on Wall Street after a mixed US jobs report. Investors will look ahead to US and Chinese inflation figures due later this week and a slew of corporate earnings. In the US, the Labor Department reported that US employers addedRead More →
Markets anticipate a 25 basis points interest rate hike from the US Federal Reserve and European Central Bank later this week and possibly the end of the tightening cycle in both. Investors will also focus on a slew of corporate earnings this week, including that of Alphabet, Meta, Intel, Microsoft, GE,Read More →
US stock futures were little changed in early Asian trade, while Japanese and South Korean markets fell. Investors await the inflation data for further cues on the outlook for interest rates in the US and India. According to a Reuters poll, the US inflation rate in June is expected toRead More →
A report from ADP Research Institute showed hiring by private employers in the US was much stronger in June than economists expected, with nearly twice as many jobs created than forecast. Strong labour market data spurred the threat of inflationary pressures, leaving room for more rate hike by the Fed.Read More →
Global market today: US stock market registered sharp gains on Thursday as all three major indices finished in green territory and US treasury yield started to climb after strong earnings pushed investors to look beyond signs of weak economic outlook. In Asian markets, Japanese Consumer Price Index (CPI) data beatRead More →
Global market today: Amid rising concern about economic crisis, key benchmark indices of the US stock market closed lower on Thursday. However, US dollar continue to sustain above 101 levels as speculations are rife about the US Fed rate hike in upcoming meeting. Despite falling sharply this week, crude oilRead More →
Global market today: Key benchmark indices of the US stock market ended red after retreat in US dollar price from one year lows. After hitting one year low of 100.80 levels, Dollar Index rebounded strongly on Friday deals and regained 101 levels. In early morning deals on Monday in AsianRead More →
Global stock market today: Four day rally in US stock market took a pause after sell off trigger in bank stocks. US dollar rate nosedived after softer US job date fueled speculation on US Fed may soon conclude its tightening campaign. Weakness in US dollar pulled gold and silver pricesRead More →
