Latest Updates Around The World
Gold prices remained largely steady on Friday, with investors digesting the previous day’s nuclear talks between the US and Iran, while the dollar, hovering near a three-week high, put pressure on the yellow metal. RAW MATERIALS Spot gold was steady at $5,187.39 an ounce by 0146 GMT. Bullion hit a more than three-week high on […]
The U.S. Federal Reserve could resume cutting rates if inflation starts to fall, but it would be risky to use expected productivity growth as a reason to ease monetary policy now, Chicago Fed President Austan Goolsbee said as he waded into what is becoming a core debate at the U.S. central bank. “I’m optimistic that […]
The Indian rupee’s rate was little changed on Monday as usual dollar demand offset inflows, keeping the currency largely within range at the start of the week.The rupee moved in a narrow band of 10 paise to end at 90.65 against the previous close of 90.6350. The rupee had risen earlier this month, supported by […]
US interest rate futures on Friday increased the likelihood of Federal Reserve rate cuts in June, following a report showing that inflation rose less than expected in January.Federal funds rate futures, which measure the cost of unsecured lending between banks, estimate a nearly 70% chance that the Fed will resume interest rates at its June […]
A drop in the unemployment rate could ease concerns at the U.S. central bank about labor market weakness, with traders betting that Federal Reserve Chairman Jerome Powell has made his last rate cut before his term ends in May and that any further policy easing remains in the hands of whomever President Donald Trump appoints […]
The Japanese yen weakened against the dollar on Friday as investors remained wary of possible interventions to support the currency, while the dollar rose slightly against the euro in thin trading volumes. The yen has remained in the background despite a rate hike by the Bank of Japan last week, reflecting concerns about the country’s […]
Major U.S. stock indexes closed around record highs on Friday, little changed since the start of a quiet post-Christmas trading session, as expectations of Federal Reserve rate cuts and the appeal of safe-haven assets pushed precious metals prices to record highs. Holidays kept markets closed in Australia, Hong Kong and most of Europe, but those […]
London: Gold and silver rose to record highs as escalating geopolitical tensions and bets on further US rate cuts added momentum to the best annual performance in more than four decades. Bullion climbed as much as 1.9% to surpass the previous high of $4,381 an ounce set in October, while silver rose as much as […]
The Indian market ended higher on Friday, with the Sensex and the Nifty on a four-day losing streak, as cooler-than-expected inflation in the US lifted global risk appetite and revived expectations of Federal Reserve rate cuts in the coming year. The constructive mood reflected gains in Asian markets, among other supportive signals.The S&P BSE Sensex […]
Asian shares followed Wall Street higher as the global stock rally continued, fueled by rising expectations of Federal Reserve rate cuts.Prices in Japan, South Korea and Australia all edged higher at the open, while Hong Kong futures contracts looked flat. That came after the S&P 500 Index rose 0.7% and the tech-heavy Nasdaq 100 rose […]
