Powered by: Motilal Oswal

News

Macro Strategy : Playing the Trump trade right By Emkay Global Financial Services Playing the Trump trade right… Despite a rapid rise in Republican/Red sweep betting odds ahead of the upcoming US election, we think there is more steam to the volatility and Trump trade. With the election still being a binary event, it is important to understand what this could portend for economic policy ahead - and potential impact on asset classes. While a Trump presidency will be more noisy and volatile, we assess that a Harris presidency will not differ too widely in certain k...
Macro Strategy : Playing the Trump trade right By Emkay Global Financial Services
Macro Strategy : Playing the Trump trade right By Emkay Global Financial Services
Source: Emkay Global Financial Services Ltd
2024-11-08 12:30:28 pm
Bill Gates, who reportedly gave $50 mn to kamala Harris campaign, congratulates Donald Trump crosoft Co-founder and billionaire Bill Gates, who reportedly gave $50 million to one of the political campaigns of US Vice-President Kamala Harris, on Friday congratulated President-elect Donald Trump.  In a post on X social media platform, Gates congratulated Trump and VP-elect JD Vance. “America is at its strongest when we use ingenuity and innovation to improve lives here in the U.S. and around the world. I hope we can work together now to build a brighter future for ever...
Bill Gates, who reportedly gave $50 mn to kamala Harris campaign, congratulates Donald Trump
Bill Gates, who reportedly gave $50 mn to kamala Harris campaign, congratulates Donald Trump
Source: IANS
2024-11-08 10:54:47 am
Asia stocks sputter as focus shifts to China stimulus Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing's week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street's overnight rise to record highs, with investors digesting the Federal Reserve's message for careful interest rate cuts even with expectations for big fiscal spending under incoming President Donald Trump. U.S. Tre...
Asia stocks sputter as focus shifts to China stimulus
Asia stocks sputter as focus shifts to China stimulus
Source: Reuters
2024-11-08 09:13:12 am
South Korean won tumbles after Donald Trump wins US election The South Korean currency fell sharply against the US dollar during intra-day trading on Wednesday after Donald Trump won the US presidential election.  The South Korean won was trading at 1,400.5 won to the dollar as of 8:20 p.m., marking the first time to surpass the 1,400 won threshold since April 16. The won opened at 1,374 won at 9 a.m., up 4.6 won from the previous session. But the won-dollar rate reversed course in the morning, with the U.S. dollar strengthening on news that...
South Korean won tumbles after Donald Trump wins US election
South Korean won tumbles after Donald Trump wins US election
Source: IANS
2024-11-06 06:08:09 pm
Quote on US Election 2024 by Dr. Manoranjan Sharma, Chief economist - Infomerics ratings Below the Quote on US Election 2024 by Dr. Manoranjan Sharma, Chief economist - Infomerics ratings    Impact of Trump victory on India Considered in a proper historical and comparative perspective, the comprehensive India-US relations have come a long way since the days of the Indo-Pak war of 1971, when the USA threatened to park the Seventh Fleet in the Indian Ocean. The strength and robustness of the India-US relations is reflected in the fact that over the last decade or...
Quote on US Election 2024 by Dr. Manoranjan Sharma, Chief economist - Infomerics ratings
Quote on US Election 2024 by Dr. Manoranjan Sharma, Chief economist - Infomerics ratings
Source: Infomerics Ratings
2024-11-06 12:07:06 pm
Watch US election results live from lock screen on Apple iPhone, iPad As Americans began to cast their ballots to elect their next president, Apple News will bring live updates to iPhone and iPad users’ lock screens.  Starting late on Tuesday (US time), users will be able to have a Live Activity from Apple News that tracks the results of the election, reports Apple Insider. “The Lock Screen will have a large, interactive widget that will launch to the latest election coverage, and the Dynamic Island will show the electoral count for each ...
Watch US election results live from lock screen on Apple iPhone, iPad
Watch US election results live from lock screen on Apple iPhone, iPad
Source: IANS
2024-11-06 12:01:47 pm
Seoul shares down for 2nd day amid US election uncertainties South Korean stocks ended lower for the second day on Tuesday as investors treaded water ahead of the US presidential election. The local currency sharply lost ground against the US dollar.  The benchmark Korea Composite Stock Price Index (KOSPI) fell 12.09 points, or 0.47 per cent, to close at 2,576.88. Trade volume was slim at 306.1 million shares worth 7.6 trillion won ($5.5 billion), with winners outpacing losers 514 to 356, reports Yonhap news agency. Individual investors p...
Seoul shares down for 2nd day amid US election uncertainties
Seoul shares down for 2nd day amid US election uncertainties
Source: IANS
2024-11-06 09:49:06 am
Dollar rallies, bitcoin hits record high as early US votes bolster `Trump trades`  The dollar rallied broadly on Wednesday and bitcoin jumped to an all-time high as investors returned to so-called "Trump trades" with initial results trickling in for an extremely close U.S. presidential election. In the key battleground state of Georgia, Republican Donald Trump is so far leading Democrat Kamala Harris with more than half the ballots counted, according to Edison Research. However, with vote counting still in an early stage nationally, it could be hours o...
Dollar rallies, bitcoin hits record high as early US votes bolster `Trump trades`
Dollar rallies, bitcoin hits record high as early US votes bolster `Trump trades`
Source: Reuters
2024-11-06 09:18:56 am
Rupee slips in NDF market amid US election updates   The Indian rupee declined in the non-deliverable forward market, bogged down by a jump in the dollar index and weakness in Asian peers amid U.S. election updates. The 1-month USD/INR non-deliverable forward was quoted at 84.28/84.32. If these levels were to hold, then the rupee would open at around 84.18, compared to 84.1075 on Tuesday and past its all-time low of 84.1275. The dollar strengthened across the board amid U.S. election updates, which showed Republican candidate Do...
Rupee slips in NDF market amid US election updates
Rupee slips in NDF market amid US election updates
Source: Reuters
2024-11-06 08:34:26 am
US stock futures, dollar gain on early election results U.s. stock futures and the dollar climbed in Asia on Wednesday as early results from the U.S. presidential election suggested the race remained too close to call, leaving investors jumping at shadows. Republican Donald Trump won eight states while Democrat Kamala Harris captured three and Washington, D.C., Edison Research projected, but critical battleground states were unlikely to be called for hours or even days. Treasury yields climbed as some betting sites swung to favour Trump, whi...
US stock futures, dollar gain on early election results
US stock futures, dollar gain on early election results
Source: Reuters
2024-11-06 08:31:21 am
Oil prices fall on stronger dollar as polls start closing in US election Oil prices fell on Wednesday as early poll results in the U.S. election showed Democrat Kamala Harris and Republican Donald Trump locked in a tight race for the presidency. U.S. West Texas Intermediate (WTI) crude lost 27 cents, or 0.4%, to trade at $71.72 per barrel, and Brent crude oil futures lost 0.35 cents, or 0.46%, to trade at $75.18 per barrel at 0132 GMT. Trump won eight states in Tuesday's U.S. presidential election while Harris captured three states and Washington, D.C., ...
Oil prices fall on stronger dollar as polls start closing in US election
Oil prices fall on stronger dollar as polls start closing in US election
Source: Reuters
2024-11-06 08:26:45 am
All-time low awaits rupee before US election; RBI may help out The Indian rupee is poised to open at a lifetime low on Tuesday as market participants eye the U.S. presidential election, which polls suggest is virtually a coin toss. The 1-month non-deliverable forward indicates that the rupee will open at 84.14 to the U.S. dollar, inching past the current all-time low of 84.1225 hit on Monday. The local currency has been crawling to new lows over the last three weeks in the wake of foreign equity outflows and nervousness regarding the outcome of the...
All-time low awaits rupee before US election; RBI may help out
All-time low awaits rupee before US election; RBI may help out
Source: Reuters
2024-11-05 08:56:52 am
Dollar on back foot as Trump trades unwind; Aussie wary before RBA The dollar started Tuesday on the defensive as traders squared positions on the day of the U.S. presidential election, after recent polls dented some of the market bets on a victory for Republican Donald Trump. Democrat Kamala Harris has also experienced improving odds on election gambling sites and has a slight lead on PredictIt, although Polymarket continues to show Trump as favourite. The U.S. currency slumped as much as 0.76% against the euro overnight to a three-week trough after a...
Dollar on back foot as Trump trades unwind; Aussie wary before RBA
Dollar on back foot as Trump trades unwind; Aussie wary before RBA
Source: Reuters
2024-11-05 08:42:51 am
Gold sluggish ahead of US election and Fed meeting Gold traded in a narrow range on Tuesday as investors stayed away from taking big positions ahead of the U.S. presidential election and the Federal Reserve policy meeting later this week. Spot gold ticked 0.1% down to $2,733.39 per ounce by 0225 GMT. Bullion hit a record high of $2,790.15 last week. U.S. gold futures edged lower by 0.1% to $2,742.40. Democratic candidate Kamala Harris and Republican candidate Donald Trump are nearly tied in opinion polls, leaving the outcome of the U...
Gold sluggish ahead of US election and Fed meeting
Gold sluggish ahead of US election and Fed meeting
Source: Reuters
2024-11-05 08:39:42 am
A Big Week Ahead: Key Events Set to Shape Global Markets This week promises to be a rollercoaster for the global financial markets, with several major economic and political events converging. Investors and analysts should brace themselves for potential market volatility but also recognize potential opportunities to strategically enter positions. Here’s a breakdown of the upcoming key events and their potential impacts: ### 1. *November 5: U.S. Presidential Election* The United States will head to the polls on November 5, with the outcome...
A Big Week Ahead: Key Events Set to Shape Global Markets
A Big Week Ahead: Key Events Set to Shape Global Markets
Source: InvestmentguruIndia
2024-11-04 12:48:37 pm
India central bank well-equipped for post-US election volatility, sources say India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's U.S. presidential election, two sources familiar with the bank's thinking said. The Reserve Bank of India would be able to tap its large foreign exchange reserves to defend the domestic currency in the event of global market volatility and an outflow of foreign funds, the sources said. They spoke on ...
India central bank well-equipped for post-US election volatility, sources say
India central bank well-equipped for post-US election volatility, sources say
Source: Reuters
2024-11-04 08:48:53 am
Dollar decline to help rupee kick off big week on positive note  The Indian rupee is expected to open higher on Monday, on the back of a decline in the U.S. dollar amid likely unwinding of long positions in the lead up to the U.S. presidential election. The 1-month non-deliverable forward indicates that the rupee will open at 84.04-84.06 to the dollar, compared with its previous close of 84.0750.  Last week, the rupee traded in a narrow 3.5 paisa range, thanks largely to the Reserve Bank of India's repeated interventions. "We a...
Dollar decline to help rupee kick off big week on positive note
Dollar decline to help rupee kick off big week on positive note
Source: Reuters
2024-11-04 08:39:18 am
Markets brace for US election showdown in event-packed week Financial markets began the week on a cautious note on Monday, with shares in Asia subdued while the dollar eased slightly ahead of a busy week headlined by the U.S. presidential race which is set to come down to the wire. The week will also provide investors with global monetary policy catalysts with rate decisions from the Federal Reserve, the Bank of England (BoE), the Reserve Bank of Australia (RBA), Riksbank and Norges Bank. China's National People's Congress (NPC) standing...
Markets brace for US election showdown in event-packed week
Markets brace for US election showdown in event-packed week
Source: Reuters
2024-11-04 08:31:56 am
Dollar slips ahead of US election and as Fed rate cut looms The dollar slipped in Asia on Monday as investors braced for a potential pivot this week for the global economy as the United States chooses a new leader, and as it likely cuts interest rates again with major implications for bond yields. The euro rose 0.4% to $1.0884 but faces resistance around $1.0905, while the dollar fell 0.7% on the yen to 151.81 yen. The dollar index eased 0.1% to 103.79. Treasury futures rallied 10 ticks, recovering some of the losses suffered on Friday. [US/] ...
Dollar slips ahead of US election and as Fed rate cut looms
Dollar slips ahead of US election and as Fed rate cut looms
Source: Reuters
2024-11-04 08:26:57 am
Empowering Women Today: Redefining Strength, Independence, and Progress in the Modern World In today's world, women empowerment is not just a movement; it's a powerful transformation reshaping societies, economies, and entire cultures. This empowerment is multifaceted, encompassing economic independence, social equality, personal growth, and the dismantling of age-old barriers. As women assert their presence in fields that were once exclusively male-dominated, they are paving the way for future generations to pursue their dreams without limits. Women are now taking on lea...
Empowering Women Today: Redefining Strength, Independence, and Progress in the Modern World
Empowering Women Today: Redefining Strength, Independence, and Progress in the Modern World
Source: InvestmentguruIndia
2024-11-03 11:20:55 am
Gold little changed ahead of US payrolls data Gold traded little changed on Friday as investors refrained from taking big positions ahead of the U.S. payrolls data that could provide further clues about the Federal Reserve's interest rate outlook. Spot gold was flat at $2,746.09 per ounce, as of 0235 GMT. Prices ended lower on Thursday after hitting a record high of $2,790.15 in intraday trade. U.S. gold futures rose 0.2% to $2,755.70. "Investors are still in the mindset of buying the dips and that strategy is still goi...
Gold little changed ahead of US payrolls data
Gold little changed ahead of US payrolls data
Source: Reuters
2024-11-01 09:12:15 am
Dollar calm as investors eye US jobs report, election The dollar steadied against major peers on Friday, as investors awaited the U.S. jobs report to confirm economic resiliency heading into the Federal Reserve's monetary policy meeting and a close-call U.S. presidential election next week. The yen held onto Thursday's gains as investors continued to digest a less dovish message from the Bank of Japan in the previous session. The U.S. dollar started the month off at a lower level after coming under pressure against the yen and on T...
Dollar calm as investors eye US jobs report, election
Dollar calm as investors eye US jobs report, election
Source: Reuters
2024-11-01 09:09:53 am
Safe-haven gold on track for best month in seven Gold prices climbed to a record high on Thursday and were headed for their best month in seven on safe-haven demand ahead of the U.S. presidential election, while investors awaited U.S. inflation report for clues on the interest rate path. Spot gold was steady at $2,786.89 per ounce, as of 0254 GMT, after hitting a record high of $2,790.15 earlier in the session. Prices have firmed 6% for the month so far. U.S. gold futures dipped 0.1% to $2,797.80. The Nov. 5 U.S. election has enter...
Safe-haven gold on track for best month in seven
Safe-haven gold on track for best month in seven
Source: Reuters
2024-10-31 09:16:54 am
Yen under pressure as BOJ keeps rates steady The yen remained under pressure on Thursday as the Bank of Japan kept ultra-low interest rates steady, while the U.S. dollar consolidated ahead of jobs data later this week and the U.S. presidential election next week. The Japanese currency has taken a beating this month as the dollar and U.S. Treasury yields have hovered around their highest since July.  The yen has fallen more than 6% in October and is on track for what would be its biggest monthly loss against the greenback sinc...
Yen under pressure as BOJ keeps rates steady
Yen under pressure as BOJ keeps rates steady
Source: Reuters
2024-10-31 09:07:57 am
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision Asian stocks slid on Thursday as chip-sector stocks tracked overnight declines by Wall Street peers and Facebook owner Meta Platforms warned of accelerating costs for artificial intelligence. More megacap tech earnings are due later in the day from Apple and Amazon. The yen hovered close to a three-month low against the dollar, weighed down by political instability after a drubbing for Japan's ruling coalition in parliamentary elections last weekend, which could delay a normalisatio...
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Asian stocks slip as tech drags, yen near 3-month low before BOJ decision
Source: Reuters
2024-10-31 08:53:33 am
Gold marches to record as US election jitters fuel safe-haven rush Gold hit an all-time peak on Wednesday as investors flocked towards the safe-haven metal less than a week before the U.S. presidential election, while they awaited economic data for clues on the Federal Reserve's rate stance.  Spot gold was up 0.2% at $2,779.39 per ounce as of 0308 GMT, after hitting an all-time high of $2,782.03 earlier in the session. U.S. gold futures rose 0.4% to $2,791.70. "Gold is very much being anchored on the U.S. election outcome ... In the ne...
Gold marches to record as US election jitters fuel safe-haven rush
Gold marches to record as US election jitters fuel safe-haven rush
Source: Reuters
2024-10-30 09:43:51 am
Elon Musk emerges as Donald Trump`s campaign lightning rod Elon Musk, the world’s richest person, has emerged as both a surrogate for Donald Trump and a lightning rod for the Republican’s campaign.  The CEO of electric carmaker Tesla, and Space X, which has set its sight on human colonies on Mars, and with a controlling interest in the social media platform X that was once known as Twitter, as well as a slew of tech and science companies, Musk has been out campaigning for and with Donald Trump. In an unlikely partnership, the g...
Elon Musk emerges as Donald Trump`s campaign lightning rod
Elon Musk emerges as Donald Trump`s campaign lightning rod
Source: IANS
2024-10-29 10:20:12 am
Asian stocks mixed, dollar drifts before megacap earnings, jobs data Asian stocks were mixed in volatile trading on Tuesday as investors girded for three days of tech megacap earnings reports on Wall Street, kicking off with Google parent Alphabet later in the day. The dollar drifted not far from a three-month high with one of the Federal Reserve's preferred employment gauges - the JOLTS job openings report - due on Tuesday, ahead of highly anticipated monthly non-farm payrolls data on Friday. U.S. Treasury yields eased from three-month peaks. The ye...
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Asian stocks mixed, dollar drifts before megacap earnings, jobs data
Source: Reuters
2024-10-29 09:15:48 am
Safe-haven gold hits record high on global uncertainties Gold prices surged to a record high on Wednesday as the conflicts in the Middle East and uncertainty surrounding the upcoming U.S. election spurred demand for safe-haven assets. Spot gold hit an all-time high at $2749.07, before easing by 0.3% to $2,738.79 per ounce as of 0313 GMT, amid some profit-taking. U.S. gold futures were 0.2% lower to $2,753.40. Gold's rally comes despite the rival U.S. dollar clinging to a more than two-month peak. [USD/] Gold and the dollar are enjoy...
Safe-haven gold hits record high on global uncertainties
Safe-haven gold hits record high on global uncertainties
Source: Reuters
2024-10-23 09:32:28 am
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed for three weeks as expectation for aggressive rate hikes from the Federal Reserve has faded after a slew of upbeat economic data. Markets now have a 91...
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure
Fed outlook pushes dollar to 2 1/2 month peak; yen under pressure
Source: Reuters
2024-10-23 08:48:15 am
Stocks stumble, dollar and gold rise as traders weigh US rates, election Gold prices jumped to record high and the dollar was on the rise again on Wednesday, keeping the pressure on the yen and the euro, while stocks in Asia stuttered as investors were reluctant to place major bets ahead of a hotly contested U.S. election. The shifting expectations around how fast and deep the Federal Reserve will cut rates have also hurt risk sentiment, with traders now anticipating the U.S. central bank to be measured in its easing. That has taken U.S. Treasury yields to a...
Stocks stumble, dollar and gold rise as traders weigh US rates, election
Stocks stumble, dollar and gold rise as traders weigh US rates, election
Source: Reuters
2024-10-23 08:43:06 am
Stocks falter, dollar defensive after US presidential debate Asian markets wobbled and U.S. stock futures slipped on Wednesday after Democratic Vice President Kamala Harris and Republican Donald Trump clashed in a keenly-awaited U.S. presidential debate. The presidential hopefuls battled over abortion, the economy, immigration and Trump's legal woes at their combative first debate. That left investors skittish in Asian trade as markets also geared up for U.S. inflation data that could influence the Federal Reserve's policy moves next week...
Stocks falter, dollar defensive after US presidential debate
Stocks falter, dollar defensive after US presidential debate
Source: Reuters
2024-09-11 09:20:56 am
Gold firms ahead of US inflation data, but set for weekly loss Gold was on track for a weekly loss, even as prices firmed on Friday ahead of a key U.S. inflation reading that could offer more cues on when the Federal Reserve will cut interest rates. Spot gold rose 0.4% to $2,374.14 per ounce by 0235 GMT, but was down 1% for the week. U.S. gold futures climbed 0.7% to $2,371.00. "Currently, the precious metal is seeing a cool-off period before prices potentially start marching higher in the last quarter of this year," said Sugandha Sachdev...
Gold firms ahead of US inflation data, but set for weekly loss
Gold firms ahead of US inflation data, but set for weekly loss
Source: Reuters
2024-07-26 09:17:12 am
Oil steadies, weighed down by predicted surplus amid weak demand Oil prices steadied on Tuesday after falling for the past two sessions, as investors remained cautious amid expectations of plentiful supplies and weak demand, while brushing off the U.S. presidential campaign upheaval. Brent crude futures for September rose 2 cents to $82.42 a barrel by 0320 GMT. U.S. West Texas Intermediate crude for September dipped 2 cents to $78.38 per barrel. Traders mostly ignored U.S. President Joe Biden's decision to call off his reelection bid and endorse ...
Oil steadies, weighed down by predicted surplus amid weak demand
Oil steadies, weighed down by predicted surplus amid weak demand
Source: Reuters
2024-07-23 08:27:10 am
Gold prices steady with US economic data in focus Gold prices held steady on Tuesday while investors strapped in for U.S. economic data this week for clarity on the timeline for Federal Reserve's interest rate cut. Spot gold was nearly unchanged at $2,396.57 per ounce, as of 0458 GMT. U.S. gold futures added 0.1% to $2,398.00. Traders will eye the report on second-quarter gross domestic product (GDP) on Thursday and personal consumption expenditures (PCE) data for June on Friday. "Gold looks quite comfortable around $2,400 ...
Gold prices steady with US economic data in focus
Gold prices steady with US economic data in focus
Source: Reuters
2024-07-23 08:18:00 am
Sensex trades lower on weak global cues Indian equity indices opened in the red on Monday following weak global cues from asian peers.  At 9:45 a.m., Sensex was at 80,501, down 89 points or 0.11 per cent and Nifty was down 26 points or 0.12 per cent, at 24,504. Buying is seen in the smallcap and midcap stocks. The Nifty smallcap 100 index is up 62 points or 0.34 per cent at 18,460 and the Nifty midcap 100 index is 124 points or 0.22 per cent at 56,032. UltraTech Cement, Infosys, NTPC, Nestle, Power Grid, HDFC Bank, Po...
Sensex trades lower on weak global cues
Sensex trades lower on weak global cues
Source: IANS
2024-07-22 11:18:01 am
Oil prices rise as investors look for signs US rate cuts to begin Oil prices rose in early trade on Monday as investors keep a lookout for signs of a rate-cut cycle expected to begin as soon as September. Brent crude prices were up 48 cents, or 0.57%, at $83.10 a barrel by 0035 GMT, and U.S. West Texas Intermediate crude futures rose 42 cents, or 0.52%, to $80.55. "Since the June FOMC meeting, inflation and labour market data have signalled that disinflation and labour market rebalancing are in place, which we expect will allow the Fed to begin i...
Oil prices rise as investors look for signs US rate cuts to begin
Oil prices rise as investors look for signs US rate cuts to begin
Source: Reuters
2024-07-22 09:10:31 am
Google launches $20 mn fund to support responsible AI Google has launched the Digital Futures Project, an initiative that aims to bring together a range of voices to promote efforts to understand and address the opportunities and challenges of artificial intelligence (AI).Through this project, the company will support researchers, organise convenings and foster debate on public policy solutions to encourage the responsible development of AI.?As part of the Project, Google.org is establishing a $20 million fund, which will provide grants to leadi...
Google launches $20 mn fund to support responsible AI
Google launches $20 mn fund to support responsible AI
Source: IANS
2023-09-12 02:47:23pm