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Israel`s economy sees recovery with 3.8 per cent growth Israel's economy grew at a faster pace in the third quarter of 2024, with its gross domestic product (GDP) rising by an annualised 3.8 per cent, the Central Bureau of Statistics said in an initial estimate.  For the second quarter of 2024, the bureau revised the GDP growth to 0.7 per cent year-on-year in its second estimate in September, down from an initial 1.2 per cent reported a month ago, Xinhua news agency reported. The overall growth is mainly driven by a year-on-year 8.6...
Israel`s economy sees recovery with 3.8 per cent growth
Israel`s economy sees recovery with 3.8 per cent growth
Source: IANS
2024-11-18 09:51:08 am
Oil slides by nearly 6% after limited Israeli retaliatory attack on Iran Oil prices tumbled by more than $4 a barrel on Monday after Israel's retaliatory strike against Iran at the weekend bypassed oil and nuclear facilities and did not disrupt energy supplies. Both Brent and U.S. West Texas Intermediate crude futures hit their lowest since Oct. 1 at the open. By 1130 GMT Brent was down $4.28, or 5.6%, at $71.77 a barrel while WTI lost $4.25, or 5.9%, to $67.53. The benchmarks gained 4% last week in volatile trade as markets priced in uncertainty over th...
Oil slides by nearly 6% after limited Israeli retaliatory attack on Iran
Oil slides by nearly 6% after limited Israeli retaliatory attack on Iran
Source: Reuters
2024-10-28 09:05:18 am
Oil prices rise on Israel-Iran conflict fears and U.S. storm Oil prices rose in early Asian trade on Thursday on concerns about potential supply disruptions in the Middle East, with Israel planning to strike oil-producer Iran, and on spikes in fuel demand as a major storm barreled into Florida. Brent crude futures rose 37 cents, or 0.5%, to $76.95 a barrel, while the U.S. West Texas Intermediate (WTI) futures was up 35 cents, also 0.5%, at $73.59 a barrel at 0034 GMT. The world's largest oil producer and consumer has been hit by a second majo...
Oil prices rise on Israel-Iran conflict fears and U.S. storm
Oil prices rise on Israel-Iran conflict fears and U.S. storm
Source: Reuters
2024-10-10 08:58:39 am
Israel-Iran conflict: India Inc braces for wider sea trade disruption As the conflict in the Middle East escalates with Israel vowing to retaliate after the missile attacks by Iran, India Inc is bracing for a wider trade disruption across the key Red Sea route.  The conflict can lead to higher cargo freight rates as Lebanon's Iran-backed Hezbollah militia has close ties with the Houthi rebels in Yemen -- responsible for most attacks on ships travelling via the Red Sea route, say industry experts, adding that a direct conflict between Israel and Iran...
Israel-Iran conflict: India Inc braces for wider sea trade disruption
Israel-Iran conflict: India Inc braces for wider sea trade disruption
Source: IANS
2024-10-02 03:20:23 pm
Israel sees sharp decline in GDP growth in Q2 Growth figures issued on Sunday by Israel's Central Bureau of Statistics indicated a deep fall in the state's economy following a sharp rise in the first quarter.   Israel's GDP rose in the second quarter by 1.2 per cent compared to the GDP in the first quarter, which had risen by 17.3 per cent, Xinhua news agency reported. On an annual basis, a 1.4 per cent shrink was registered in the Israeli GDP compared to the same period last year. The data also showed that p...
Israel sees sharp decline in GDP growth in Q2
Israel sees sharp decline in GDP growth in Q2
Source: IANS
2024-08-19 09:25:30 am
Oil claws back some losses after Israel retaliates against Hezbollah Oil futures clawed back some losses on Wednesday, recovering from 7-week lows as geopolitical tensions rose after Israel retaliated against an attack by Hezbollah, although prices remained under pressure from concerns about demand in China. Brent crude futures climbed 39 cents, or 0.5%, to $79.02 a barrel by 0020 GMT ahead of expiry on Wednesday, while the more active October contract was at $78.54, up 47 cents. U.S. West Texas Intermediate crude futures rose 52 cents, or 0.7%, to $75.2...
Oil claws back some losses after Israel retaliates against Hezbollah
Oil claws back some losses after Israel retaliates against Hezbollah
Source: Reuters
2024-07-31 09:18:03 am
Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns Oil prices fell in early Asian trading on Monday, erasing gains from Friday as Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East and U.S. inflation data further dimmed the prospects of interest rate cuts anytime soon. Brent crude futures fell by as much as $1, or 1.1% to $88.50 a barrel before ticking back up to $88.55 at 0149 GMT. West Texas Intermediate (WTI) futures were down 84 cents, or 1%, at $83.01 a barrel. Stepped-up efforts to mediate a cease...
Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns
Oil prices fall 1% on Israel-Hamas ceasefire talks, U.S. inflation concerns
Source: Reuters
2024-04-29 09:18:06 am
Oil prices surge in global market amid escalating Iran-Israel tensions Oil prices surged by $3 a barrel in the international market on Friday amid reports of Israel launching a missile attack against Iran raising fears of escalating geopolitical tensions that could disrupt crude shipments. The benchmark Brent crude price rose to around $90 a barrel U.S. West Texas hovered at around $85 a barrel. The price of Brent crude had fallen to around $87 per barrel on Wednesday following higher US inventories and the decline in Chinese demand due to a slowing econom...
Oil prices surge in global market amid escalating Iran-Israel tensions
Oil prices surge in global market amid escalating Iran-Israel tensions
Source: IANS
2024-04-19 12:50:59 pm
India says it is ready to mitigate economic impact of Iran-Israel conflict India is prepared to take adequate steps to mitigate any impact of the Iran-Israel conflict on its economy and will "remain alert", Finance Minister Nirmala Sitharaman said on Thursday. "Can't say that we are fully ready. As developments unfold, we are preparing to take adequate steps in India's interests," Sitharaman told the CNBC Awaaz news channel in an interview. The conflict has not yet significantly impacted global oil prices. [O/R] However, any esca...
India says it is ready to mitigate economic impact of Iran-Israel conflict
India says it is ready to mitigate economic impact of Iran-Israel conflict
Source: Reuters
2024-04-19 09:58:48 am
Escalation of Iran-Israel conflict to impact inflation, oil price, interest rates in India: Acuite Ratings & Research The price of crude oil would breach $100, the central bank may delay cutting the repo rate over uncertainty over disinflation, exports to West Asia may be affected and an increase in shipping costs are some of the likely impact if the conflict between Iran and Israel escalates, said a top economist at Acuite Ratings & Research. "With the drone and missile attacks on Israel by Iran, there is a perceptible increase in the geo-political risk quotient, imparting higher uncertainty to ...
Escalation of Iran-Israel conflict to impact inflation, oil price, interest rates in India: Acuite Ratings & Research
Escalation of Iran-Israel conflict to impact inflation, oil price, interest rates in India: Acuite Ratings & Research
Source: IANS
2024-04-19 09:42:06 am
Quote on Iran - Israel War- Update Market impact by Suman Bannerjee, CIO, Hedonova Below the Quote on Iran - Israel War- Update Market impact by Suman Bannerjee, CIO, Hedonova   The escalating geopolitical tensions in West Asia prompted a decline in the 30-share BSE Sensex and the NSE Nifty. While both benchmark indices experienced a notable decline of approximately 1%, they regained some lost ground amid the nervousness in the equity markets. Concurrently, the Indian Rupee faced further depreciation against the US Dollar in the interbank forex market. Market ind...
Quote on Iran - Israel War- Update Market impact by Suman Bannerjee, CIO, Hedonova
Quote on Iran - Israel War- Update Market impact by Suman Bannerjee, CIO, Hedonova
Source: Hedonova
2024-04-15 04:08:14 pm
Israel`s Tower proposes $8 billion chip plant in India Israel's Tower Semiconductor has submitted a proposal to India's government to build an $8 billion chipmaking facility in the South Asian nation, national daily Indian Express reported on Sunday. Tower, seeking government incentives for its plan, is looking to manufacture 65 nanometre and 40 nanometre chips in India, the report said. The company and India's IT ministry did not immediately respond to requests for comment. Chip manufacturing is a key plank of Modi's bus...
Israel`s Tower proposes $8 billion chip plant in India
Israel`s Tower proposes $8 billion chip plant in India
Source: Reuters
2024-02-11 11:45:04 am
Israel`s EuroBasket 2025 opening home qualifier moved to Slovenia  Israel's first home game in the FIBA EuroBasket 2025 qualifiers against Slovenia was moved from Israel's Tel Aviv to Slovenia's southwestern coastal city of Koper due to the ongoing Israel-Hamas conflict. Israel will play its first three games in the four-team Group A away, including the game in Slovenia on Feb. 25, 2024, three days after Israel's game in Portugal. Israel will host Slovenia on Feb. 23, 2025, reports Xinhua. A total of 32 teams participating in the ...
Israel`s EuroBasket 2025 opening home qualifier moved to Slovenia
Israel`s EuroBasket 2025 opening home qualifier moved to Slovenia
Source: IANS
2023-12-12 09:32:05 am
Many smallcap funds holding huge quantum of largecap stocks Besides cash, many smallcap schemes are holding huge quantum of largecap stocks. The deployment into largecap stocks by smallcap funds began from May 2022 and continues to expand, showcasing the fund managers' concerns on the smallcap space, as per a report by Elara Securities. Currently, 6 per cent of total smallcap AUM is deployed into largecap names (previous high was seen in April 2019). A similar trend was seen where smallcap funds were moving into largecaps from January 201...
Many smallcap funds holding huge quantum of largecap stocks
Many smallcap funds holding huge quantum of largecap stocks
Source: IANS
2023-11-28 10:54:45 am
Oil gains ahead of Fed meeting as Middle East conflict persists Oil prices edged up in early Asian trade on Wednesday ahead of key global central bank meetings this week including the U.S. Federal Reserve, as the market also closely watches the latest developments in the Israel-Hamas conflict. Brent January crude futures rose 36 cents, or 0.4%, to $85.38 a barrel by 0040 GMT, after falling $1.33 on Tuesday. Brent December futures settled 4 cents lower at $87.41 a barrel at the contract's expiry on Tuesday. U.S. West Texas Intermediate crude futu...
Oil gains ahead of Fed meeting as Middle East conflict persists
Oil gains ahead of Fed meeting as Middle East conflict persists
Source: Reuters
2023-11-01 09:14:19 am
Gold softens on caution ahead Fed`s policy decision Gold prices started November lower on Wednesday as cautious investors awaited U.S. Federal Reserve's policy decision, after the Middle-East worries led to a strong safe-haven rally last month and pushed prices above $2,000. FUNDAMENTALS * Spot gold fell 0.2% to $1,979.71 per ounce by 0125 GMT and U.S. gold futures dropped 0.3% to $1,988.70. * Spot gold posted a 7.3% jump in October after prices accelerated over the $2,000 threshold last week from their lowest in seven months at $...
Gold softens on caution ahead Fed`s policy decision
Gold softens on caution ahead Fed`s policy decision
Source: Reuters
2023-11-01 09:09:31 am
Wall Street rallies 1%, yen gains vs dollar; talk of BOJ policy tweak Global stock indexes advanced on Monday, with U.S. stocks rallying more than 1% after recent sharp declines, while the yen rose to a two-week high against the dollar after a report that the Bank of Japan is considering tweaking its yield curve control policy. Oil prices settled more than 3% lower, partly as fears eased about the Israel-Hamas war disrupting supply from the region. The Nikkei report, that the BOJ is considering adjusting its yield curve control policy to allow the 10-year...
Wall Street rallies 1%, yen gains vs dollar; talk of BOJ policy tweak
Wall Street rallies 1%, yen gains vs dollar; talk of BOJ policy tweak
Source: Reuters
2023-10-31 08:56:44 am
Oil dips as caution about data-heavy week offsets Mid-East war boost Oil prices slipped $1 a barrel on Monday as investors adopted caution ahead of the Fed policy meeting and China's manufacturing data later this week, offsetting support from geopolitical tensions in the Middle East. Brent crude futures dropped 98 cents, or 1.1%, to $89.50 a barrel by 0001 GMT while U.S. West Texas Intermediate crude was at $84.54 a barrel, down $1, or 1.2%. Investors are eyeing the outcome of the Federal Reserve monetary policy meeting on Wednesday, U.S. employment ...
Oil dips as caution about data-heavy week offsets Mid-East war boost
Oil dips as caution about data-heavy week offsets Mid-East war boost
Source: Reuters
2023-10-30 09:26:57 am
Gold holds above $2,000 mark on safe-haven demand; Fed meet in focus Gold prices held steady near the key $2,000 level on Monday, buoyed by safe-haven demand from an escalating Middle East conflict, as investors awaited the outcome from the U.S. Federal Reserve's policy meeting this week. Spot gold was steady at $2,003.17 per ounce by 0245 GMT. U.S. gold futures climbed 0.7% to $2,013.00. Israeli air strikes hit areas near Gaza City's Shifa and Al-Quds hospitals early on Monday, and Palestinian militants clashed with Israeli forces in a border ar...
Gold holds above $2,000 mark on safe-haven demand; Fed meet in focus
Gold holds above $2,000 mark on safe-haven demand; Fed meet in focus
Source: Reuters
2023-10-30 09:17:52 am
Asia stocks mull over Middle East, central bank meetings Asian share markets were mixed on Monday as Israel's push into Gaza stirred fears of a wider conflict ahead of central bank meetings in the United States, Britain and Japan, the latter of which might see a policy tightening. The earnings season also continues with Apple, Airbnb, McDonald's, Moderna and Eli Lilly & Co among the many reporting this week. Results so far have been underwhelming, contributing to the S&P 500's retreat into correction territory at 4,117. &q...
Asia stocks mull over Middle East, central bank meetings
Asia stocks mull over Middle East, central bank meetings
Source: Reuters
2023-10-30 08:59:34 am
Gold prices set for third weekly gain as Middle East war looms Gold prices were poised for a third consecutive weekly gain on Friday as the Middle East conflict kept investors drawn towards safety of bullion despite a higher-for-longer U.S. interest rate backdrop. Spot gold edged 0.1% higher to $1,986.76 per ounce by 0341 GMT. U.S. gold futures were steady at $1,996.80. "Gold prices will be a function of the Israel-Hamas conflict for as long as things are at risk of escalating," said Kyle Rodda, financial market analyst at Capital.com. ...
Gold prices set for third weekly gain as Middle East war looms
Gold prices set for third weekly gain as Middle East war looms
Source: Reuters
2023-10-27 09:48:35 am
Oil set for first weekly drop in three as Mideast situation holds Oil prices rose on Friday, regaining ground after tumbling more than $2 a barrel in the previous session as concerns of a wider Middle East conflict eased while the United States, the world's biggest oil consumer, showed signs of weakening demand. Brent crude futures climbed 45 cents, or 0.5%, to $88.38 a barrel by 0019 GMT while U.S. West Texas Intermediate was at $83.63 a barrel, up 42 cents, or 0.5%. Both contracts are on track to post their first weekly drop in three weeks as th...
Oil set for first weekly drop in three as Mideast situation holds
Oil set for first weekly drop in three as Mideast situation holds
Source: Reuters
2023-10-27 08:59:14 am
Asian shares track US futures higher, bonds hold gains Asian shares tracked Wall Street futures higher on Friday as Amazon provided some welcome earnings relief, while bonds were able to sustain a rally amid signs U.S. inflation was easing. All eyes were on U.S. data later in the session that may show core inflation growing 0.3% in September on a monthly basis, pushing the annual rate lower to 3.7% from 3.9% a month ago. Overnight, the European Central Bank left interest rates unchanged as expected, sending the euro briefly to a two-week lo...
Asian shares track US futures higher, bonds hold gains
Asian shares track US futures higher, bonds hold gains
Source: Reuters
2023-10-27 08:47:32 am
Gold rises as Mideast conflict dominates sentiment Gold prices climbed on Thursday as the Middle East conflict kept investors worried, with safe-haven bullion standing firm despite a stronger U.S. dollar and bonds yields.Spot gold rose 0.4% to $1,986.79 per ounce by 0348 GMT. U.S. gold futures edged up 0.1% to $1,997.10.The dollar and benchmark U.S. 10-year Treasury yields climbed after data indicated that new-home sales surged to a 19-month high in September, affirming market expectations of prolonged high rates heading into 2024. [US/]Inves...
Gold rises as Mideast conflict dominates sentiment
Gold rises as Mideast conflict dominates sentiment
Source: Reuters
2023-10-26 11:20:01 am
Diversion of flows expected from small and mid-cap stocks to large-caps Diversion of funds is expected from small and mid-caps to large-caps, leading to a sharp reaction in mid and small-cap category where valuations are stretched, Hitesh Suvarna of JM Financial Institutional Securities said in a report.?But any correction in quality large-caps should be bought into at these levels, the report said.In addition to rising bond yields, as markets turn wary of further escalation of the war in Israel, riskoff sentiments are now clearly evident. Gold outperformed other...
Diversion of flows expected from small and mid-cap stocks to large-caps
Diversion of flows expected from small and mid-cap stocks to large-caps
Source: IANS
2023-10-25 03:47:43 pm
Rupee strengthens against US dollar on Wednesday Indian rupee strengthened against the US dollar on Wednesday tracking softening crude oil prices at overseas markets and as global leaders continued their efforts to prevent the Israel-Hamas war from spreading. Moreover, a weak American currency, pullback in US Treasury yields and RBI?s intervention also supported rupee sentiments. FIIs bought equities worth Rs 252.25 crore on Monday, exchange data showed. Forex markets were closed on Tuesday on account of Dussehra. However, concerns over pot...
Rupee strengthens against US dollar on Wednesday
Rupee strengthens against US dollar on Wednesday
Source: Accord Fintech
2023-10-25 11:59:10 am
Gold firms as US bond yields slip, Middle East remains in focus Gold prices climbed on Wednesday on softer U.S. Treasury yields, but lacked impetus to rise further as bullion's safe-haven demand showed signs of fatigue after global leaders sought to prevent the Israel-Hamas war from spreading.Spot gold gained 0.3% to $1,975.61 per ounce by 0227 GMT, having declined in the previous two sessions and trading below five-month highs hit last week. U.S. gold futures were steady at $1,986.70."Gold had a great run, having rallied over 10% in ten days towards that...
Gold firms as US bond yields slip, Middle East remains in focus
Gold firms as US bond yields slip, Middle East remains in focus
Source: Reuters
2023-10-25 09:10:43 am
Oil prices regain some ground on Israel-Hamas war uncertainty Oil prices rose on Tuesday, recovering some of the previous day's losses, as investors remained nervous that the Israel-Hamas war could escalate into a wider conflict in the oil-exporting region, causing potential supply disruptions.Brent crude futures climbed 57 cents, or 0.6%, to $90.40 a barrel by 0321 GMT, while U.S. West Texas Intermediate crude futures increased 54 cents, or 0.6%, to $86.03 a barrel."The market is up on an adjustment after a drop in the past two sessions and on nagging ...
Oil prices regain some ground on Israel-Hamas war uncertainty
Oil prices regain some ground on Israel-Hamas war uncertainty
Source: Reuters
2023-10-24 09:25:28 am
Gold inches higher as US benchmark bond yields retreat from highs Gold prices edged higher on Tuesday as benchmark U.S. Treasury yields pulled back after crossing above 5% in the last session, while investors awaited economic data due later in the week to gauge the outlook for U.S. monetary policy.FUNDAMENTALS* Spot gold was up 0.1% at $1,973.69 per ounce by 0059 GMT, while U.S. gold futures eased 0.1% to $1,985.10.* The yield on the benchmark 10-year U.S. Treasury note declined after briefly rising above 5.0% on Monday, hitting the July 2007 milestone and ...
Gold inches higher as US benchmark bond yields retreat from highs
Gold inches higher as US benchmark bond yields retreat from highs
Source: Reuters
2023-10-24 09:16:20 am
Gold slips from 5-mth peak as investors look to US economic data Gold prices retreated from last session's five-month peak on Monday as the U.S. dollar and Treasury yields strengthened ahead of crucial economic data this week, with investors looking for any signs of a global fallout of the Middle East conflict.Spot gold was down 0.4% at $1,972.39 per ounce by 0334 GMT, and U.S. gold futures slid 0.5% to $1,983.50.Gold prices hit their highest since mid-May on Friday and surged about 9% in the past two weeks as investors opted for the safety of bullion on f...
Gold slips from 5-mth peak as investors look to US economic data
Gold slips from 5-mth peak as investors look to US economic data
Source: Reuters
2023-10-23 09:40:47 am
Asia shares wary on Middle East as tech earnings loom Asian shares drifted lower on Monday as the risk of a wider conflict in the Middle East clouded sentiment in a week laden with data on U.S. growth and inflation as well as earnings from some of the world's largest tech companies.Washington warned over the weekend of a significant risk to U.S. interests in the region as ally Israel pounded Gaza and clashes on its border with Lebanon intensified.The European Central Bank and Bank of Canada also hold policy meetings and, while no hikes are expec...
Asia shares wary on Middle East as tech earnings loom
Asia shares wary on Middle East as tech earnings loom
Source: Reuters
2023-10-23 09:28:52 am
Effectiveness of multilateral institutions has reduced, can`t take their directives for granted: FM Nirmala Sitharaman Finance Minister Nirmala Sitharaman on Friday said that due to reduced effectiveness of multilateral institutions like the UN Security Council or the WTO, there is no need to take for granted their directives.Addressing the inaugural session of the Kautilya Economic Conclave 2023, Sitharaman said, "Globally, we don't need to hesitate any longer to say that multilateral institutions, not just banks, but even UN, the UN Security Council, or any other (organisations like) WHO, WTO are less than ...
Effectiveness of multilateral institutions has reduced, can`t take their directives for granted: FM Nirmala Sitharaman
Effectiveness of multilateral institutions has reduced, can`t take their directives for granted: FM Nirmala Sitharaman
Source: IANS
2023-10-20 12:26:26 pm
Rupee weakens against US dollar on Friday Indian rupee weakened against the US dollar on Friday amid rising crude oil prices following mounting concerns over the Israel-Gaza conflict. Moreover, weak equity market, foreign fund outflows, a record rise in US Treasury yield and strong American currency overseas also weighed on the rupee sentiments. Foreign Institutional Investors were net sellers in the capital markets as they sold shares worth Rs 1,093.47 crore on Thursday, exchange data showed. Moreover, US Fed Chair Jerome Powell hin...
Rupee weakens against US dollar on Friday
Rupee weakens against US dollar on Friday
Source: Accord Fintech
2023-10-20 12:15:15 pm
Gold scales 3-month peak as Middle East conflict lifts demand Gold prices hit a three-month high on Friday and were set for a second straight weekly gain, with demand bolstered by the Middle East conflict and expectations that the Federal Reserve's rate hikes are nearing an end.Spot gold was up 0.2% at $1,978.17 per ounce by 0332 GMT, after hitting its highest since July 20. U.S. gold futures added 0.5% to $1,990.50.Israeli Defence Minister Yoav Gallant told troops gathered at the Gaza border on Thursday that they would soon see the Palestinian enclave ...
Gold scales 3-month peak as Middle East conflict lifts demand
Gold scales 3-month peak as Middle East conflict lifts demand
Source: Reuters
2023-10-20 09:57:19 am
Oil on track for second week of gains on Gaza contagion fears Oil prices extended gains on Friday and were on track for a second week of increases on heightened fears that the Israel-Gaza conflict may spread in the Middle East and disrupt supplies from one of the world's top-producing regions.Brent crude futures climbed 94 cents, or 1%, to $93.32 a barrel by 0307 GMT. U.S. West Texas Intermediate crude was at $90.78 a barrel, up $1.41, or 1.6%. The front-month November contract expires on Friday.The more active December WTI contract was at $89.47 a barr...
Oil on track for second week of gains on Gaza contagion fears
Oil on track for second week of gains on Gaza contagion fears
Source: Reuters
2023-10-20 08:59:55 am
India`s diamond polishing industry`s revenue likely to fall by 30-35% in current fiscal : Crisil With lackluster demand from the US, EU and China, rating agency Crisil has said that India's diamond polishing industry will see its revenue drop by 30-35 per cent to $14-15 billion in current fiscal. It highlighted that these three geographies account for 75 per cent of India's polished diamond exports. Rahul Guha, Director, Crisil Ratings said ?Israel imports $1.25 billion worth of polished diamonds annually from India. With the country now declaring a war on the Palestinian militant group ...
India`s diamond polishing industry`s revenue likely to fall by 30-35% in current fiscal : Crisil
India`s diamond polishing industry`s revenue likely to fall by 30-35% in current fiscal : Crisil
Source: Accord Fintech
2023-10-19 10:13:40 am
Gold firms on Middle East conflict; spotlight on Jerome Powell speech Gold prices hovered near a 2-1/2-month high on Thursday as escalating Middle East turmoil buoyed demand for the safe-haven asset, while investors awaited U.S. Federal Reserve Chair Jerome Powell's speech due later in the day.Spot gold was steady at $1,947.45 per ounce by 0318 GMT after hitting its highest since Aug. 1 on Tuesday. U.S. gold futures eased 0.4% to $1,959.70."Gold's resilience in the face of rising yields and a rebounding U.S. dollar, especially over the past several days, have r...
Gold firms on Middle East conflict; spotlight on Jerome Powell speech
Gold firms on Middle East conflict; spotlight on Jerome Powell speech
Source: Reuters
2023-10-19 09:14:02 am
Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease Oil prices fell on Thursday, reversing gains in the previous session, after OPEC showed no signs of supporting Iran's call for an oil embargo on Israel and as the United States plans to ease Venezuela sanctions to allow more oil to flow globally.Brent futures for December fell 74 cents to $90.76 a barrel. U.S. West Texas Intermediate (WTI) futures for November, which expires on Friday, dropped 57 cents to trade at $87.75 per barrel. The more active December WTI was down 51 cents to $86.76 a b...
Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease
Oil falls as Israel embargo concerns fade, Venezuela sanctions to ease
Source: Reuters
2023-10-19 09:03:47 am
Gold jumps 1% as Middle East conflict intensifies Gold prices climbed 1% to their highest in a month on Wednesday after a deadly blast in Gaza fuelled fears about the regional conflict escalating, keeping the safe-haven asset in demand.Spot gold rose 0.8% to $1,938.79 per ounce by 0248 GMT, after scaling its highest since Sept. 20 earlier in the session. U.S. gold futures also jumped 0.8% to $1,951.50.Hundreds were killed in a blast at a Gaza City hospital on Tuesday, according to Palestinian officials, igniting protests in the West Bank and...
Gold jumps 1% as Middle East conflict intensifies
Gold jumps 1% as Middle East conflict intensifies
Source: Reuters
2023-10-18 09:08:08 am
Yuan leads rally in Asian currencies on China`s economic bounce Asian currencies caught a boost from better-than-expected Chinese economic data on Wednesday, driving the yuan to a one-week high and putting a dampener on the U.S. dollar which has rallied for weeks on end as U.S. yields have climbed.A blast at a Gaza hospital also kept moves modest and traders on edge at the prospect of a widening conflict. U.S. President Joe Biden is due to visit Israel on Wednesday. The shekel was pinned to the weaker side of 4-per dollar.Official data showed China's econ...
Yuan leads rally in Asian currencies on China`s economic bounce
Yuan leads rally in Asian currencies on China`s economic bounce
Source: Reuters
2023-10-18 09:05:11 am
Asian shares pare losses on China data, Mid East risk lifts oil Asian shares steadied on Wednesday after Chinese economic data suggested Beijing's stimulus measures might finally be gaining traction, though a blast at a Gaza hospital dealt a blow to hopes for containing the conflict there.Global bond markets also still nursed heavy losses as strong U.S. retail data argued for a punishingly long stretch of high rates.The outlook for the world economy did take a small turn for the better as China reported annual economic growth of 4.9% in the third quarter,...
Asian shares pare losses on China data, Mid East risk lifts oil
Asian shares pare losses on China data, Mid East risk lifts oil
Source: Reuters
2023-10-18 08:53:00 am
Oil nudges lower on hopes of US easing sanctions on Venezuela Oil prices fell slightly on Tuesday after a more than $1 slide on Monday amid hopes the U.S. would ease sanctions on producer Venezuela and as Washington stepped up efforts to prevent an escalation of the war between Israel and Hamas.Brent crude futures were down 5 cents at $89.60 a barrel, while U.S. West Texas Intermediate crude (WTI) was down 23 cents at $86.43 a barrel as of 0333 GMT.Venezuela's government and opposition are set to resume long-suspended talks on Tuesday that President Nic...
Oil nudges lower on hopes of US easing sanctions on Venezuela
Oil nudges lower on hopes of US easing sanctions on Venezuela
Source: Reuters
2023-10-17 09:36:18 am
Gold declines as Jerome Powell`s speech moves into spotlight Gold prices fell on Tuesday as the U.S. dollar and Treasury yields firmed, ahead of economic data and Federal Reserve Chair Jerome Powell's speech this week, which could steer upcoming interest rate decisions.Spot gold dropped 0.3% to $1,913.90 per ounce by 0326 GMT, and U.S. gold futures fell 0.4% to $1,925.80.U.S. Treasury yields rose to their highest in more than a week, and the dollar also gained, making non-yielding bullion expensive for other currency holders, ahead of U.S. retail sales...
Gold declines as Jerome Powell`s speech moves into spotlight
Gold declines as Jerome Powell`s speech moves into spotlight
Source: Reuters
2023-10-17 09:29:49 am
India rupee to get some respite after pullback on oil, dollar The Indian rupee is expected to rise marginally at open on Tuesday on the back of a pullback in crude oil prices and the safe-haven dollar.Non-deliverable forwards indicate rupee will open at around 83.20-83.24 to the U.S. dollar compared with 83.2775 in the previous session.Oil and dollar should "at the margin" provide relief for the rupee, but the Reserve Bank of India remains "the overwhelming factor" in the market, a forex trader at a Mumbai-based bank said.The Indian central bank's regul...
India rupee to get some respite after pullback on oil, dollar
India rupee to get some respite after pullback on oil, dollar
Source: Reuters
2023-10-17 09:22:19 am
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone The U.S. dollar started Tuesday on the back foot as investors took stock of developments in the Middle East and braced for a slew of speeches by central bank officials this week headlined by Fed Chair Powell to gauge the monetary policy outlook.The yen was pinned close to the key 150 per dollar level, keeping traders on edge for any signs of intervention by the Japanese authorities.The yen last fetched 149.62 per dollar, having slipped to 150.17 on Oct. 3, the weakest in a year, before gettin...
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
Dollar drifts as investors eye Powell speech, yen wobbles near intervention zone
Source: Reuters
2023-10-17 09:15:56 am
Rupee plunges to 12-month low against dollar The Indian rupee plunged to a 12-month low of 83.28 against the US dollar on Monday amid rising oil prices and uncertainty in global markets due to the ongoing Israel-Hamas war.The RBI has been intervening periodically to sell dollars in the market to prevent the rupee from going into a free fall, according to traders.The benchmark Brent crude was hovering at close to $91 a barrel after having jumped nearly 6 per cent on Friday.While Israel is poised to carry out its ground attack in Gaza, th...
Rupee plunges to 12-month low against dollar
Rupee plunges to 12-month low against dollar
Source: IANS
2023-10-16 06:09:04 pm
Paints, tyres & aviation stocks to be under pressure from rising crude prices Concerns regarding the spread of the Israel-Hamas conflict have triggered a sharp spike in Brent crude to above $90 and safe-haven buying has pushed gold to above $1900, says V.K. Vijayakumar, the Chief Investment Strategist at Geojit Financial Services.The anxiety of the market is reflected in the CBOE VIX spiking above 19. "From the geopolitical perspective, we are in uncharted territory and, therefore, prudence demands that investors remain cautious," he said.Holding cash would be a good s...
Paints, tyres & aviation stocks to be under pressure from rising crude prices
Paints, tyres & aviation stocks to be under pressure from rising crude prices
Source: IANS
2023-10-16 02:57:20 pm
Oil prices rise on Middle East tensions Oil prices rose above $91 a barrel on Monday as diplomatic efforts to address the crisis in the Middle East intensified.Investors are concerned that the Israel-Hamas war could spark a wider conflict in the oil-rich region and further tighten global supply, CNN reported.Brent crude futures, the global oil benchmark, rose as high as $91.2 a barrel in Asian hours on Monday, up slightly from the October 13 settlement price of $90.89.It was last trading at $90.99 a barrel, CNN repor...
Oil prices rise on Middle East tensions
Oil prices rise on Middle East tensions
Source: IANS
2023-10-16 02:51:16 pm