Latest Updates Around The World
The US dollar was weak on Thursday after lackluster economic data confirmed the case for a Federal Reserve rate cut next week, providing relief to the yen and pushing the euro to its highest level in almost seven weeks. Investors have also been weighing the prospect of White House economic adviser Kevin Hassett taking over […]
European shares rallied on Monday, with the financial sector leading the way, as investors took comfort in growing commitment to US interest rate cuts while monitoring progress on a peace plan for Ukraine.The pan-European STOXX 600 gained 0.6% to 565.27 points by 0815 GMT. The index recorded its steepest weekly decline since late July on […]
Domestic gold rates continued their losses on Monday, ahead of a slew of US economic data due later this week. While the chances of a rate cut in December remain bleak, the data, including nonfarm payroll data, could be a key trigger on which direction the Federal Reserve might lean.remains below Rs 126,500.2) RSI Yellow […]
Asian shares started the week on a cautious note as investors braced for a barrage of US economic data amid continued uncertainty over the Federal Reserve’s policy path.Japan fell along with Australia, while South Korean shares rose. US stock index futures rose slightly. The yen held steady after Japan’s economy shrank for the first time […]
U.S. stocks fell sharply on Wednesday after Federal Reserve Chairman Jerome Powell said a rate cut in December was not a foregone conclusion. “A rate cut in December is not a foregone conclusion. On the contrary,” Powell said at a news conference shortly after the Fed announced a 25 basis point rate cut as a […]
Asian shares withdrew into the open air after strong US economic data and mixed signals from the Federal Reserve officers on cutting backing rate reductions led to concerns about exalted valuations on Wall Street. Shares in Japan, Australia and South Korea opened lower after the S&P 500 fell for a third consecutive session, the longest […]
