Latest Updates Around The World
Australian shares ended a choppy session marginally lower on Wednesday as gains in the mining sector failed to offset broader losses, fueled by caution over the prospects for longer yields and the upcoming US interest rate decision. The S&P/ASX 200 index fell 0.08% to 8,579.40 points. Yields closed 0.5% lower on Tuesday after the Reserve […]
The rupee’s fall above 90 per dollar can be used to raise an uncomfortable question: could the Indian currency fall to 100? The decline so far has been steady, not sudden, and is rooted in a mix of weaker exports, heavy foreign outflows and a global environment that continues to favor the US dollar. The […]
The Indian rupee closed marginally weaker on Wednesday, hurt by portfolio outflows and routine hedging demands from local importers, while periodic dollar sales from state-owned banks cushioned the currency’s fall.The rupee closed at 89.27 against the US dollar, slightly weaker than the previous close of 89.22. Growing expectations of a rate cut by the US […]
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 […]
Gold and silver prices fell in early trading on Monday, November 17, as investors booked profits following a sharp global rally this year and hawkish comments from the US Federal Reserve, which dampened expectations of a rate cut in December. On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by Rs 420 […]
The Indian market ended higher on Wednesday, with the Sensex and Nifty closing less than 1% below record highs, as investors positioned for an expected rate cut by the US Federal Reserve and optimism over a possible trade truce between the US and China boosted sentiment. The S&P BSE Sensex rose 0.44% to 84,997.13, up […]
Gold and silver prices in India took a breather this week after a prolonged rally, with analysts expecting consolidation in domestic markets next week amid upcoming global central bank meetings and trade developments.On the Multi Commodity Exchange (MCX), gold futures for December delivery fell by Rs 3,557, or 2.80 percent, while silver futures crashed by […]
The Federal Reserve is expected to announce its second interest rate cut of the year on Wednesday, despite a lack of clarity about the health of the US economy due to the ongoing government shutdown. The US central bank’s penultimate interest rate meeting of the year comes against the backdrop of a weeks-long standoff between […]
