Oil prices fell on Wednesday, April 10, after US government data showed earlier today that crude oil and fuel inventories rose by much more than expected on weak demand and lower oil exports. US crude stocks climbed by 5.8 million barrels in the week ended April 5, more than doubleRead More →
Gold Prices Today: Gold prices extended gains on Wednesday, March 27, as investors awaited US inflation data that will throw further light on the US Federal Reserve’s policy path after the central bank kept interest rates unchanged for the fifth straight meeting this month. According to commodity market experts, goldRead More →
Coming soon: Sign up for Hong Kong Edition to get an insider’s guide to the money and people shaking up the Asian finance hub. The rebound in Treasuries was led by shorter maturities and followed a selloff triggered by a reset in Federal Reserve rate-cut bets. With that adjustment, theRead More →
However, Investors are optimistic as they kick off 2024, fostering the potential for a turbulent period in U.S. stocks if certain expectations fall short, according to a report by Reuters. Despite a somewhat uncertain beginning to the year, the S&P 500 is merely approximately 2% below its recent all-time high. Read More →
US Federal Reserve Chair Jerome Powell on Friday reaffirmed the central bank’s intent to remain cautious on interest rates but also said that the hoped-for “soft landing” of the US economy seemed to be falling into place. Powell said that the US monetary policy was slowing the economy as expectedRead More →
Asian markets traded mostly lower and US stocks gained overnight while treasury yields rose on expectations that US inflation will remain high. The domestic benchmark indices ended Wednesday’s volatile session marginally higher amid mixed global cues. The Sensex closed 92.47 points, or 0.14%, higher at 66,023.24, while the Nifty 50Read More →
Domestic markets extended their bullish tone for the third successive week and gained over a per cent. The beginning was downbeat but the bias changed in the following sessions with a surge in the US markets. The NSE Nifty 50 index gained 1.58 per cent this week, its best inRead 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 →
Inflation in the US will not come down as quickly as markets are currently pricing, said strategists at Goldman Sachs Group Inc, according to a report by Bloomberg. Strategists led led by Praveen Korapaty wrote in a note that investors could be assuming that a sharp deceleration in growth willRead More →
Gold rate today: Gold and silver prices witnessed profit booking in the week gone by after the better than expected US inflation data and rebound in the US dollar rates. Gold price on MCX (Multi Commodity Exchange) for June 2023 expiry ended at ₹60,898 per 10 gm levels, around 1.55Read More →
