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Gold slides to 1-week low on elevated US dollar, yields Gold prices extended losses to hit their lowest level in a week on Wednesday as U.S. Treasury yields and the dollar strengthened on expectations that interest rates are likely to remain high. Spot gold was subdued at $1,925.70 per ounce by 0313 GMT, after posting its biggest one-day loss since Aug. 1 on Tuesday. U.S. gold futures dipped 0.1% to $1,951. The U.S. dollar hovered near six-month highs hit on Tuesday, while 10-year bond yields were at over one-week highs as markets weighed cu...
Gold slides to 1-week low on elevated US dollar, yields
Gold slides to 1-week low on elevated US dollar, yields
Source: Reuters
6/09/2023 9:49:27 AM
Asia stocks fall as global growth concerns mount Asia stocks fell on Wednesday after weak economic data in China and Europe heightened concerns over global growth, while the dollar firmed as investors weighed the outlook for U.S. interest rates. MSCI's gauge of Asia Pacific stocks outside Japan was down 0.5% at 0143GMT. Australia's S&P/ASX 200 fell 0.55% even as second-quarter gross domestic product beat forecasts with a 0.4% rise. The Hang Seng Index and China's benchmark CSI300 Index both opened down about 0.3%. ...
Asia stocks fall as global growth concerns mount
Asia stocks fall as global growth concerns mount
Source: Reuters
6/09/2023 8:45:59 AM
Gold prices tread water as markets weigh Fed policy path Gold prices edged lower on Tuesday as the dollar stood firm near recent highs, although trading was fairly muted with markets looking for more cues on the U.S. Federal Reserve's policy path after a widely expected interest rate pause this month. Spot gold was down 0.1% at $1,936.89 per ounce by 0356 GMT. U.S. gold futures fell 0.2% to $1,962.70 after a U.S. holiday on Monday. "Much remains to be seen if rate cuts in 2024 follow and to what extent," said Harshal Barot, a se...
Gold prices tread water as markets weigh Fed policy path
Gold prices tread water as markets weigh Fed policy path
Source: Reuters
5/09/2023 10:11:24 AM
Gold muted as investors focus on US jobs data for Fed's rate course Gold prices looked set on Friday to wrap up their second straight week of gains, helped by diminished chances of U.S. interest rate hikes this year after a data-filled week that concludes with the pivotal jobs report later in the day. Spot gold steadied at $1,938.92 per ounce by 0336 GMT, but was poised for a more than 1% weekly gain after prices touched one-month highs on Wednesday. U.S. gold futures were trading around $1,965.60. "The data from the U.S. has been on the soft side ...
Gold muted as investors focus on US jobs data for Fed's rate course
Gold muted as investors focus on US jobs data for Fed's rate course
Source: Reuters
1/09/2023 9:53:14 AM
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist The Reserve Bank of India (RBI) believes that the current surge in inflation, driven by food prices, is transient and it should moderate by the third quarter with the arrival of the kharif crop. However, with the inflation risk persisting, the RBI will continue to maintain a hawkish stance in the near future, Suman Chowdhury, Chief Economist and Head of Research, Acuite Ratings & Research, told IANS in an interview. Here he talks about the actions of the RBI and the Central governme...
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
RBI to stay hawkish on interest rate: Acuite Ratings Chief Economist
Source: IANS
27/08/2023 12:34:03 PM
Russia`s central bank hikes interest rates to halt rouble`s slide Russia's central bank on Tuesday hiked interest rates by 3.5 per cent, in an emergency move aimed at halting the rouble's recent slide after it fell to its weakest point in almost 17 months, the media reported. The decision to bring the key rate to 12 per cent was announced after an extraordinary meeting of the bank’s board of directors, called after the rouble plunged past the psychologically key level of 100 to the dollar on Monday morning, 'The Guardian' reported. ...
Russia`s central bank hikes interest rates to halt rouble`s slide
Russia`s central bank hikes interest rates to halt rouble`s slide
Source: Reuters
16/08/2023 9:07:51 AM
US Fed raises interest rates for the 11th time in 16 months The US Federal Reserve raised interest rates by a quarter percentage point Wednesday, making it the 11th in the last 16 months in its continuing efforts to tame inflation. The new hike, which was announced after a two-day meeting of the Fed’s top decision-making body, take the rate to the highest level in 22 years — to between 5.25 and 5.50 per cent. "Tighter credit conditions for households and businesses are likely to weigh on economic activity, hiring and inflation,&...
US Fed raises interest rates for the 11th time in 16 months
US Fed raises interest rates for the 11th time in 16 months
Source: IANS
27/07/2023 9:34:38 AM
Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23 The Centre on Monday ratified the 8.15 per cent interest rate on deposits under the Employees Provident Fund (EPFO) scheme for 2022-23. On March 28, the EPFO had slightly hiked the interest rate on EPF deposits to 8.15 per cent for 2022-23 for its over six crore subscribers. As per convention, the labour ministry sends the interest rate recommendations to the Finance Ministry for ratification. With the government having given its consent to the interest rate, the EPFO can now begin c...
Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23
Centre ratifies 8.15% interest rate for EPF subscribers for 2022-23
Source: investmentguruindia
24/07/2023 2:30:18 PM
Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says Interest rates in major economies are expected to fall to pre-pandemic levels because of low productivity and ageing populations, according to a forecast, BBC reported. The International Monetary Fund (IMF) said increases in borrowing costs are likely to be "temporary" once high inflation is brought under control. The Bank of England has been raising interest rates since December 2021, taking them from 0.1 per cent to 4.25 per cent. This has raised mortgage payments for man...
Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says
Interest rates likely to fall to pre-Covid levels in advanced economies, IMF says
Source: IANS
11/04/2023 2:53:39 PM
Brent oil price broadly steady at $80/bbl amid rising U.S. stockpiles LONDON -Oil prices were broadly steady on Wednesday as market participants were pulled in different directions by an unexpected build in U.S. crude and fuel inventories, global economic uncertainty and China reopening its economy. Moving in and out of negative territory, Brent crude futures were up 43 cents, or 0.5%, at $80.53 a barrel by 1212 GMT. U.S. West Texas Intermediate (WTI) crude futures rose 25 cents, or 0.3%, to $75.37 a barrel. Both contracts rose on Monday and Tuesday, rebo...
Brent oil price broadly steady at $80/bbl amid rising U.S. stockpiles
Brent oil price broadly steady at $80/bbl amid rising U.S. stockpiles
Source: Reuters
11/01/2023 6:25:51 PM
Gold eases in narrow range as traders eye economic data Gold prices eased in a tight range on Wednesday as the U.S. dollar firmed, although bullion was not far from a one-week high scaled in the previous session, as traders looked ahead to impending economic data later this week. Spot gold was down 0.1% at $1,816.32 per ounce by 1311 GMT, after rising more than 1% on Tuesday on the back of a dip in the dollar. U.S. gold futures were unchanged at $1,825.80. "After yesterday's sharp rally, traders are waiting for fresh cues, especiall...
Gold eases in narrow range as traders eye economic data
Gold eases in narrow range as traders eye economic data
Source: Reuters
21/12/2022 8:51:58 PM
Global shares rise, but face patchiest yearly performance since 2008 Global shares rose on Wednesday, regaining some stability after the Bank of Japan rocked markets with a surprise decision to loosen its tight leash on government bond yields, pushing the yen to its biggest one-day gain against the dollar in 24 years. The MSCI All-World index rose 0.1% on the day, although it is on track for a 4.4% decline in December. This year, the index is set to have fallen for eight out of 12 months, on a par only with 2008 for the number of monthly losses in a calenda...
Global shares rise, but face patchiest yearly performance since 2008
Global shares rise, but face patchiest yearly performance since 2008
Source: Reuters
21/12/2022 8:28:51 PM
Dollar wallows at six-month lows ahead of last Fed meeting of 2022 The dollar traded at its lowest in six months against the euro and pound on Wednesday after data showed U.S. inflation is cooling off, which investors believe gives the Federal Reserve room to slow the pace of future rate hikes. After raising interest rates by 75 basis points at four successive meetings, the U.S. central bank is widely expected to deliver a 50 bp increase later in the day. Traders will then turn their focus to Thursday meetings of the Bank of England and the European Centr...
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
Dollar wallows at six-month lows ahead of last Fed meeting of 2022
Source: Reuters
14/12/2022 8:29:38 PM
Wall Street steady ahead of inflation data, Fed action Global stocks, U.S. Treasury yields and the dollar were muted on Monday as investors await the last round of transatlantic interest rate hikes this year from a trio of central banks, hoping that now-hefty pace of increases in borrowing costs will finally show signs of easing. U.S. stocks edged higher in early trading, indicating a cautious start on Wall Street. The Dow Jones Industrial Average rose 0.34%, the S&P 500 gained 0.19%, and the Nasdaq Composite added 0.14%. Oil prices wer...
Wall Street steady ahead of inflation data, Fed action
Wall Street steady ahead of inflation data, Fed action
Source: Reuters
12/12/2022 8:44:28 PM
Dollar dips ahead of US inflation data, Fed meeting next week The dollar edged lower against major currencies on Friday as concerns resurfaced about the health of the U.S. economy, and ahead of producer inflation data later in the day and a Federal Reserve meeting on interest rates next week. After a lull in market-moving news, investors are looking towards rate decisions next week - including from the Fed, the European Central Bank and the Bank of England. Markets are betting all three will slow the pace of their rate hikes, with 0.5 percentage p...
Dollar dips ahead of US inflation data, Fed meeting next week
Dollar dips ahead of US inflation data, Fed meeting next week
Source: Reuters
9/12/2022 8:47:58 PM
Gold steadies as markets hunt for clear policy signals Gold prices steadied on Tuesday after shedding more than 1% in the last session as the dollar paused its rally, but stuck to a relatively tight range as traders held off for more policy signals from the Federal Reserve. Spot gold ticked 0.2% higher to $1,771.85 per ounce by 0950 GMT. U.S. gold futures edged up 0.2% to $1,784.20. Better-than-expected U.S. services industry data spooked investors on Monday, offering more evidence of underlying economic momentum and raised fears that the F...
Gold steadies as markets hunt for clear policy signals
Gold steadies as markets hunt for clear policy signals
Source: Reuters
6/12/2022 8:44:51 PM
Stocks slide, dollar clings on as data challenges Fed pause hopes Global stocks headed for a third straight day of losses on Tuesday and the dollar held most of its gains from the previous day after U.S. data drove speculation the Federal Reserve will stick longer with aggressive interest rate rises. MSCI's world index fell 0.3%, set for a third straight session of declines after hitting a three-month high last Thursday. "A reassuring trend was in place - policy tightening, leading to growth slowdown leading to slower inflation - which allowe...
Stocks slide, dollar clings on as data challenges Fed pause hopes
Stocks slide, dollar clings on as data challenges Fed pause hopes
Source: Reuters
6/12/2022 8:32:18 PM
Oil prices fall on economic fears, dollar strength Oil prices fell in a volatile market on Tuesday as the U.S. dollar stayed strong and economic uncertainty offset the bullish impact of a price cap placed on Russian oil and the prospects of a demand boost in China. Brent crude futures fell $1.21, or $1.46%, to $81.47 a barrel by 1254 GMT. West Texas Intermediate crude (WTI) fell $1.18, or $1.53%, to $75.75. Brent had risen by over $1 in Asian trading. Crude futures on Monday recorded their biggest daily drop in two weeks after U.S. serv...
Oil prices fall on economic fears, dollar strength
Oil prices fall on economic fears, dollar strength
Source: Reuters
6/12/2022 8:24:07 PM
See-saw battle between interest rate and market indices Is there a see-saw battle between the interest rates and the stock market indices? When one goes up, the other comes down. Curiously, this time around there is a conundrum. When the interest rates are going up and also set to go up further, the stock market indices are touching new heights. "It is true that the biggest enemy of equity markets is rising interest rates. This is the normal relationship. Rising interest rates lead to higher cost of funds and that eats into profitabilit...
See-saw battle between interest rate and market indices
See-saw battle between interest rate and market indices
Source: IANS
3/12/2022 8:33:24 PM
Indian markets do better than global leaders despite interest rate hikes Stock markets have a strange relationship with interest rates. They don't necessarily move in tandem or against each other. Rising interest rates are not the best thing that may happen to markets. Yet, falling interest rates may be good initially, but over longer periods, the results may not be the same. A certain amount of inflation is good for stock markets and their performance gets better when there is moderate inflation. If one looks at the performance of stock markets on a cal...
Indian markets do better than global leaders despite interest rate hikes
Indian markets do better than global leaders despite interest rate hikes
Source: IANS
3/12/2022 8:16:48 PM
Expert View: Economic growth driving bull market run despite high interest rates As inflation in India continues to rise and stays beyond the RBI's comfort zone of 6 per cent for 10 straight months, the central bank has been raising repo rates since May to curb liquidity in the system. The Reserve Bank of India (RBI) has raised repo rates four times since May and it is expected to hike the key lending rates again on December 7. Though high interest rates help in curbing liquidity to check inflation, it does not necessarily leave a good taste in the mouth for bou...
Expert View: Economic growth driving bull market run despite high interest rates
Expert View: Economic growth driving bull market run despite high interest rates
Source: IANS
3/12/2022 5:42:08 PM
Explaining the conundrum: It happens when GDP grows, corp earnings rise Normally there is an inverse relation between interest rates and stock prices. But there are exceptions too. There have been many periods when both interest rates and stock prices went up. If GDP growth and corporate earnings are good, stock prices can go up despite rate hikes, says V.K. Vijayakumar, Chief Investment Strategist at Geojit Financial Services. Indian market never dipped into bear territory this year unlike in many other markets like the US. So, this cannot be termed as a b...
Explaining the conundrum: It happens when GDP grows, corp earnings rise
Explaining the conundrum: It happens when GDP grows, corp earnings rise
Source: IANS
3/12/2022 5:19:14 PM
Gold drops 1% as U.S. jobs data rekindles worries of aggressive Fed Gold prices slipped more than 1% on Friday after a robust U.S. jobs data that fanned concerns that the Federal Reserve might stick with its aggressive monetary policy tightening. Spot gold fell 1.1% to $1,783.41 per ounce by 9:21 a.m. ET (1421 GMT), after earlier hitting its highest since Aug. 10 at $1,804.46. U.S. gold futures dropped 1% to $1,797.40. Data showed U.S. employers hired more workers than expected in November and raised wages despite mounting worries of a recession. &qu...
Gold drops 1% as U.S. jobs data rekindles worries of aggressive Fed
Gold drops 1% as U.S. jobs data rekindles worries of aggressive Fed
Source: Reuters
2/12/2022 8:43:19 PM
Dollar jumps as strong jobs number spurs hawkish Fed bets The dollar jumped in line with U.S. Treasury yields on Friday after data showed that U.S. employers added more jobs than expected in November, potentially giving the Federal Reserve more incentive to raise interest rates. Employers added 263,000 jobs in November, well above estimates of 200,000. Average hourly earnings jumped by 0.6% in the month, above expectations for a 0.3% gain. The dollar index was last up 0.64% on the day against a basket of currencies at 105.31, and the greenback...
Dollar jumps as strong jobs number spurs hawkish Fed bets
Dollar jumps as strong jobs number spurs hawkish Fed bets
Source: Reuters
2/12/2022 7:51:36 PM
Gold rises 1% as smaller U.S. rate-hike bets pressure dollar Gold prices extended gains for a third straight session on Thursday, as the dollar slipped after Federal Reserve Chair Jerome Powell said the U.S. central bank might scale back the pace of its interest rate hikes as soon as December. Spot gold gained 8.3% in November, ending its seven-month losing streak, as investors cheered Powell's comments at the Brookings Institution. Lower rates tend to boost the appeal of non-yielding gold. But Powell also cautioned that the fight against ...
Gold rises 1% as smaller U.S. rate-hike bets pressure dollar
Gold rises 1% as smaller U.S. rate-hike bets pressure dollar
Source: Reuters
1/12/2022 8:49:08 PM
Oil buoyed by OPEC+ output speculation and easing China COVID curbs Oil rose about $1 a barrel on Thursday, supported by the potential for OPEC+ to cut supply further and as easing COVID curbs in China raised the likelihood of higher demand from the world's top crude importer. Crude also gained support from dollar weakness prompted by euro zone factory data and the Federal Reserve Chair saying the pace of U.S. interest rate hikes could be scaled back. A weaker dollar makes oil cheaper for other currency holders and tends to support risk assets. T...
Oil buoyed by OPEC+ output speculation and easing China COVID curbs
Oil buoyed by OPEC+ output speculation and easing China COVID curbs
Source: Reuters
1/12/2022 8:13:56 PM
Gold subdued as traders strap in for Fed minutes Gold edged lower on Wednesday with most investors on the sidelines ahead of minutes from the U.S. Federal Reserve's November policy meeting that could offer hints on its tightening path. Spot gold was 0.2% lower at $1,736.65 per ounce by 1300 GMT, while U.S. gold futures eased 0.1% to $1,737.50. "There's a general lack of interest really, ahead of the release of tonight's Fed minutes. There's nothing significant acting as a driver for the gold price," said Mich...
Gold subdued as traders strap in for Fed minutes
Gold subdued as traders strap in for Fed minutes
Source: Reuters
23/11/2022 8:47:44 PM
World stocks on back foot as China COVID cases rise World stocks and oil prices fell on Monday as fresh COVID-19 curbs in China fuelled worries over the global economic outlook. The safe-haven dollar rallied, while the U.S. Treasury yield curve remained deeply inverted in a sign that investors remain alert to global recession risks. Coronavirus outbreaks across China are a setback to hopes for an easing of strict pandemic restrictions, one factor cited for a 10% slide in oil prices last week and Monday's lacklustre opening in Europea...
World stocks on back foot as China COVID cases rise
World stocks on back foot as China COVID cases rise
Source: Reuters
21/11/2022 8:13:44 PM
Major Asia Pacific markets weather inflation, rising interest rates India:– Leading diversified professional services and investment management company Colliers (NASDAQ and TSX: CIGI) has announced that it has today released its Asia Pacific Market Snapshot | Q3 2022 report, which shows that most major real estate markets across the region continued to perform well in the third quarter, despite the loss of some growth momentum in the face of difficult macroeconomic conditions marked by high inflation and rising interest rates. In Ind...
Major Asia Pacific markets weather inflation, rising interest rates
Major Asia Pacific markets weather inflation, rising interest rates
Source: PR Agency
21/11/2022 12:43:02 PM
Wall Street seen opening higher but U.S. recession priced in U.S. stock index futures rose on Friday, indicating a higher open on Wall Street, as investors digest warnings from U.S. Federal Reserve officials on U.S. interest rates, but the U.S. bond yield curve remains priced for a recession. S&P futures gained 0.8%, recovering poise after the S&P 500 index dipped 0.3% and U.S. bond yields rose on Thursday following comments from St. Louis Fed President James Bullard. Bullard said interest rates might need to hit a range from 5-5.25% from...
Wall Street seen opening higher but U.S. recession priced in
Wall Street seen opening higher but U.S. recession priced in
Source: Reuters
18/11/2022 8:31:06 PM
U.S. dollar surges as traders say markets overreacted to U.S. inflation data The U.S. dollar rose against the euro and sterling on Monday, after sliding to multi-month lows, as expectations of a less aggressive Federal Reserve interest rate hike faded with traders saying market overreacted to a modest miss on U.S. inflation. Last week, the dollar index fell 4%, marking its worst week in more than two and half years, after data showing U.S. consumer prices rose less than expected in October, rising bets the Fed would scale back its hefty interest rate hikes. But ...
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
U.S. dollar surges as traders say markets overreacted to U.S. inflation data
Source: Reuters
14/11/2022 8:06:42 PM
Dollar slumps after CPI data suggests Fed may ease rate hikes The dollar fell sharply on Thursday after U.S. consumer prices rose less than expected last month and data pointed to underlying inflation having peaked, opening the way for the Federal Reserve to slow its aggressive interest rate hikes. The consumer price index rose 0.4% in October, the same increase in the prior month, the Labor Department said. Economists polled by Reuters had forecast the CPI would advance 0.6%. Excluding volatile food and energy, core CPI increased 0.3% month-over-...
Dollar slumps after CPI data suggests Fed may ease rate hikes
Dollar slumps after CPI data suggests Fed may ease rate hikes
Source: Reuters
10/11/2022 8:30:36 PM
Gold dips 1% as hawkish U.S. Fed lifts dollar, yields Gold prices fell to a more than one-month low on Thursday as the dollar and U.S. Treasury yields jumped after hawkish remarks from Federal Reserve Chair Jerome Powell on interest rate hikes dented the non-yielding metal's appeal. Spot gold fell 0.7% to $1,623.08 per ounce by 10:18 p.m. ET (1418 GMT) after hitting its lowest since Sept. 28 earlier. U.S. gold futures dropped 1.6% to $1,624.30. "The reality is that people were expecting some dovish tilt (from the Fed), there was n...
Gold dips 1% as hawkish U.S. Fed lifts dollar, yields
Gold dips 1% as hawkish U.S. Fed lifts dollar, yields
Source: Reuters
3/11/2022 8:47:13 PM
Oil falls as Fed rate hike raises fuel demand concerns Oil slipped on Thursday as an increase to U.S. interest rates pushed up the dollar and heightened fears of a global recession that would crimp fuel demand, though losses were capped by concern over tight supply. Brent crude dropped by $1.39, or 1.5%, to $94.77 a barrel by 1358 GMT while U.S. West Texas Intermediate (WTI) crude futures fell $1.76, or 2%, to $88.24. Both benchmarks had gained more than $1 on Wednesday, aided by another drop in U.S. oil inventories, even as the U.S. Federa...
Oil falls as Fed rate hike raises fuel demand concerns
Oil falls as Fed rate hike raises fuel demand concerns
Source: Reuters
3/11/2022 8:14:05 PM
Oil prices slip before expected Fed rate hike, U.S. crude stockpiles seen falling Oil prices slipped in and out of positive territory on Wednesday before an expected rate hike by the Federal Reserve, but found a floor as market participants weighed falling U.S. crude stockpiles and European sanctions on Russian barrels starting in December. Brent crude dipped 15 cents, or 0.2%, to $94.50 a barrel by 1346 GMT, while U.S. West Texas Intermediate (WTI) crude was down 13 cents, or 0.2%, at $88.24 per barrel. Weighing on broader markets including European shares are expec...
Oil prices slip before expected Fed rate hike, U.S. crude stockpiles seen falling
Oil prices slip before expected Fed rate hike, U.S. crude stockpiles seen falling
Source: Reuters
2/11/2022 8:12:26 PM
Wheels India Q2 net down at Rs 15.14 crore A jump in interest costs, increase in material costs and pressure on the margins, and higher inventory holding due to delayed off take by overseas customers has wheeled down Q2 profit of Wheels India Ltd, a top company official said on Tuesday. Managing Director Srivats Ram also said the company is deferring some of the earlier planned capex and cutting down the inventory level to manage the interest burden. "The Reserve Bank of India (RBI) has been raising the interest rate s (rep...
Wheels India Q2 net down at Rs 15.14 crore
Wheels India Q2 net down at Rs 15.14 crore
Source: IANS
1/11/2022 7:44:23 PM
Australia lifts cash rate to 2.85% amid 32-yr-high inflation The Reserve Bank of Australia announced on Tuesday a back-to-back interest rate hike for seven months in a row, by 25 basis points to 2.85 per cent in a bid to rein in the country's "too high" inflation. Governor Philip Lowe noted in a statement that over the year to September, the CPI inflation rate of Australia was 7.3 per cent, the highest it has been in more than three decades, reports Xinhua news agency. The central bank's move to increase interest rates materiall...
Australia lifts cash rate to 2.85% amid 32-yr-high inflation
Australia lifts cash rate to 2.85% amid 32-yr-high inflation
Source: IANS
1/11/2022 2:27:54 PM
World stocks at five-week high, but mood souring LONDON  - World stocks hit a five-week high on Wednesday on hopes that the pace of U.S. interest rate hikes could soon start to slow, although disappointing earnings from U.S. heavyweights and concern about the outlook meant the mood was already souring. News that the British government's plan to repair the country's public finances will be delayed by more than two weeks to Nov. 17 pushed up bond yields. European shares meanwhile reversed earlier gains and were lower, while...
World stocks at five-week high, but mood souring
World stocks at five-week high, but mood souring
Source: Reuters
26/10/2022 8:38:43 PM
Sterling dips as market trims BoE rate hike bets, yen scrabbles off 32-yr low LONDON - Sterling fell on Tuesday, after surging almost 2% the day before, as investors scaled back some of their expectations for Bank of England interest rates hike following Britain's dramatic U-turn on its fiscal plans. The battered Japanese yen traded near a 32-year trough to the dollar at 149 yen, putting the major psychological barrier of 150 in focus. On Monday, new British finance minister Jeremy Hunt scrapped most of Prime Minister Liz Truss's economic plan and scaled ...
Sterling dips as market trims BoE rate hike bets, yen scrabbles off 32-yr low
Sterling dips as market trims BoE rate hike bets, yen scrabbles off 32-yr low
Source: Reuters
18/10/2022 8:42:08 PM
Benchmark yield falls most in 2 weeks on dovish policy minutes  India's benchmark bond yield posted its biggest single session drop in two weeks on Monday, after minutes of the latest monetary policy meeting were seen as dovish, calming fears of aggressive rate hikes. The benchmark Indian government bond yield ended at 7.4075%, after closing at 7.4696% on Friday. It posted biggest single session fall since Oct. 4. "There was a dovish turn from some members of the MPC (Monetary Policy Committee), which led to a rally today, and fall in...
Benchmark yield falls most in 2 weeks on dovish policy minutes
Benchmark yield falls most in 2 weeks on dovish policy minutes
Source: Reuters
17/10/2022 4:43:00 PM
Bank of Maharashtra surges on cutting interest rate on home loans to 8% as part of festive offer Bank of Maharashtra is currently trading at Rs. 18.70, up by 0.75 points or 4.18% from its previous closing of Rs. 17.95 on the BSE. The scrip opened at Rs. 18.00 and has touched a high and low of Rs. 19.00 and Rs. 18.00 respectively. So far 1140617 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 22.80 on 21-Oct-2021 and a 52 week low of Rs. 15.00 on 20-Jun-2022. Last one week high and low of the scrip stood at...
Bank of Maharashtra surges on cutting interest rate on home loans to 8% as part of festive offer
Bank of Maharashtra surges on cutting interest rate on home loans to 8% as part of festive offer
Source: Accord Fintech
17/10/2022 2:20:27 PM
Chipmakers knock stocks ahead of U.S. payrolls, Credit Suisse up Stocks eased on Friday as Federal Reserve officials talked up the likelihood of more hefty U.S. interest rate hikes, though battered Credit Suisse Group rose after announcing a $3 billion bond buyback to steady investors nerves. Worries over the global economy deepened after chipmakers Samsung and AMD flagged a slump in demand, blaming inflation, higher interest rates and the impact of Russia's invasion of Ukraine. European chipmakers Infineon, STMicroelectronics and ASML fell in tande...
Chipmakers knock stocks ahead of U.S. payrolls, Credit Suisse up
Chipmakers knock stocks ahead of U.S. payrolls, Credit Suisse up
Source: IANS
7/10/2022 3:05:14 PM
Gold retreats as dollar perks up ahead of U.S. jobs data Gold prices fell on Wednesday as a firmer dollar dampened greenback-priced bullion's appeal for overseas buyers, while investors awaited U.S. jobs report to gauge the Federal Reserve's policy tightening path. Spot gold was down 0.4% at $1,719.30 per ounce, as of 0401 GMT. Bullion prices hit its highest since Sept. 13 at $1,729.39 in the previous session. U.S. gold futures dipped 0.1% to $1,728.30. The dollar index edged 0.2% higher, after the unit shed 1.3% overnight to mark ...
Gold retreats as dollar perks up ahead of U.S. jobs data
Gold retreats as dollar perks up ahead of U.S. jobs data
Source: IANS
5/10/2022 10:42:31 AM
Match supplies with demand: FADA to vehicle makers The Federation of Automobile Dealers Association (FADA) hopes for a higher demand for passenger vehicles this month and have requested the vehicle makers to match their supplies. "The month of October will see Auto Retail on high grounds with 24 days of festive season out of the total 31 days. Dealers anticipate this to be the best festive in a decade for the PV (passenger vehicle) segment as we anticipate even higher sales during the month," FADA said. With the supplies of se...
Match supplies with demand: FADA to vehicle makers
Match supplies with demand: FADA to vehicle makers
Source: IANS
4/10/2022 11:57:32 AM
Higher US rates, stronger dollar could lead to acceleration of capital outflows from Asia  Higher US rates and a stronger dollar could lead to a further acceleration of capital outflows from Asia, Morgan Stanley said in a report. In managing these pressures, Asian central banks will likely allow their currencies to depreciate while also managing extreme movements and checking volatility rather than hike interest rates, the report said. In this cycle, the main anchor to central banks' policy reaction is the domestic growth and inflation trajectory. Because there has ...
Higher US rates, stronger dollar could lead to acceleration of capital outflows from Asia
Higher US rates, stronger dollar could lead to acceleration of capital outflows from Asia
Source: IANS
3/10/2022 2:51:05 PM
Gold firms on softer dollar, rate-hike fears limit gains  Gold prices edged higher on Monday on a softer dollar, although prospects of central banks worldwide retaining their aggressive monetary policy stance limited the gains for safe-haven bullion. Spot gold rose 0.3% to $1,663.99 per ounce, as of 0416 GMT. U.S. gold futures were flat at $1,671.50. The dollar index slipped in early Asia trade against a basket of currencies, while benchmark U.S. 10-year Treasury yields were slightly lower after rising for two days. [USD/] "Recov...
Gold firms on softer dollar, rate-hike fears limit gains
Gold firms on softer dollar, rate-hike fears limit gains
Source: Reuters
3/10/2022 10:24:07 AM
LIC Housing Finance increases lending rate by 50 bps LIC Housing Finance Ltd (LIC HFL) has increased the LIC Housing Prime Lending Rate (LHPLR), the benchmark rate to which the interest rate on its loans are linked, by 50 basis points. Commenting on this lending rate revision, MD & CEO Y. Viswanatha Gowd said: "Interest rate hike is in line with the prevailing market condition. We expect this trend to stabilise soon. We are taking care to price our products adequately so that the EMI outgo for our customers remains reasonable. We ar...
LIC Housing Finance increases lending rate by 50 bps
LIC Housing Finance increases lending rate by 50 bps
Source: IANS
1/10/2022 10:16:03 AM
Banks will increase interest rates on deposits  With bank credit picking up and interest rates for other savings schemes increased by the government, commercial banks will increase the interest rates on deposits, Reserve Bank of India (RBI) Governor Shaktikanta Das said. Queried about banks passing on the interest rate hikes to their borrowers while not increasing their deposit rates, he said that th e bank credit is picking up and they will be needing funds. There is adequate liquidity available in the system, about Rs 5 la...
Banks will increase interest rates on deposits
Banks will increase interest rates on deposits
Source: IANS
30/09/2022 4:44:23 PM