The Indian rupee traded flat against the US dollar in early trade on Tuesday as elevated crude oil prices and a strong American currency overseas weighed, while the positive trend in the domestic equities supported the local unit. Rupee opened flat at 83.25 a dollar. The dollar index, which gaugesRead More →
Gold prices declined on Tuesday, weighed down by higher US dollar and bond yields. Spot gold was down 0.6% at $1,960.50 per ounce by 1218 GMT. US gold futures fell 0.8% at $1,971.80. In the past two weeks, gold has risen about 9%, hitting five month high of $1,997.09 onRead More →
The Indian rupee traded flat against the US dollar on Friday as the Reserve Bank of India (RBI) likely stepped in to prevent the local unit from sliding towards its lifetime low. The rupee was trading around 83.23, barely changed from its close at 83.2425 in the previous session. TheRead More →
The Asian markets traded higher, while the US stock market ended in the green overnight after dovish comments from US Federal Reserve officials decreased the odds of further interest rate hikes by the central bank. Investors remain watchful of the Israel-Hamas war in the Middle East and its impact onRead More →
The Indian rupee opened 27 paise higher against the US dollar on Friday after JPMorgan’s announcement to include India in emerging market bond index, which is expected to lead to billions of dollars worth inflows. The local currency opened at 82.82 a dollar as compared to previous close of 83.09.Read More →
Global market update: US stock market edged higher on Friday on resilience in the national economy even though investors await the key US inflation data expected next week. Dow Jones index added 0.22 per cent whereas tech heavy weight Nasdaq added 0.09 per cent. S&P 500 index gained 0.14 perRead More →
On Wall Street in the week ahead, focus of investors will be on key economic data reports which include jobs data for August, data on consumer confidence for August, pending home sales for July, and ISM manufacturing data for August. The US non-farm payrolls report for August will be releasedRead More →
US stocks slumped more than 1% on Thursday ahead of Federal Reserve Chair Jerome Powell’s speech at Jackson Hole, Wyoming, on Friday. The S&P 500 lost 59.7 points, or 1.35%, at 4,376.31. The Dow Jones Industrial Average fell 373.56 points, or 1.08%, at 34,099.42. The Nasdaq Composite dropped 257.06 points,Read More →
US stocks climbed on Wednesday, led by tech shares after Nvidia shares jumped on hopes of stronger quarterly results. The S&P 500 gained 48.84 points, or 1.11%, at 4,436.39 points. The Nasdaq Composite rose 215.16 points, or 1.59%, at 13,721.03. The Dow Jones Industrial Average added 188.50 points, or 0.55%, atRead More →
US stocks slipped on Tuesday on worries over interest rate hike by the Federal Reserve. The S&P 500 lost 11.06 points, or 0.25%, at 4,388.71. The Dow Jones Industrial Average fell 170.34 points, or 0.49%, at 34,293.35. The Nasdaq Composite added 13.79 points, or 0.1%, at 13,511.38. Banking index edgedRead More →
