Despite high volatility due to domestic and global factors, Indian stock market benchmarks—the Sensex and the Nifty 50— ended the first half of the current calendar year with healthy gains. The Nifty 50 rose 10.5 per cent, while the Sensex clocked a 9.4 per cent gain in the first six […]
inflation
NEW YORK, – A series of upcoming economic reports and Congressional testimony from Federal Reserve Chairman Jerome Powell could jolt U.S. government bonds out of a narrow trading range. Yields on benchmark U.S. 10-year Treasuries, which move inversely to bond prices, have bounced between about 4.20% and 4.35% since mid-June, […]
Nvidia Corp stock rebounded on Tuesday, lifting other AI-linked shares and tech-heavy Nasdaq higher. At 11:16am EDT, Nvidia Corp stock was at $124.03, up $5.92or5.01per cent. It is on track to break a three-day losing streak. US-listed Taiwan Semiconductor Manufacturing , Broadcom and Qualcomm gained between 0.5 per cent and […]
Nvidia Corp. stock continued its decline for the third straight session on Monday dragging on the Nasdaq. At 11:02 am EDT, the Nvidia stock was at $120.08, down $6.49 or 5.13 per cent. On Friday, the stock had ended at $126.57. The chip maker’s stock is falling mainly on profit […]
Wall Street investors in the week ahead will be eyeing the US Federal Reserve preferred inflation gauge – PCE, and the personal income and spending data. Among the other crucial data, the second revised estimate of first quarter GDP (gross domestic product) growth and May home sales numbers are due […]
NEW YORK -Weakness in U.S. technology stocks pulled a basket of global stocks lower for its second straight session on Friday, and the dollar hit its highest level since early May as a gauge of U.S. business activity edged up to a more than two-year high. S&P Global said its […]
According to the India Meteorological Department (IMD), despite the forecast of an above-normal monsoon this year, India has received 20 per cent below-normal rainfall in June so far. The northern part of the country continues to reel under a sweltering heat wave even though the rain-bearing monsoon winds reached the […]
On Wall Street in the week ahead, the stock markets would be guided by key economic data such as US retail sales and factory output among others. The holiday-shortened week will also see few big earnings such as IT and consulting services firm Accenture and supermarket chain Kroger. Economic events […]
Taylor Swift’s record-breaking Eras Tour is significantly boosting consumer spending as it reaches the U.K., potentially complicating the Bank of England’s efforts to control inflation, CNBC reported. TD Securities told CNBC that the influx of hundreds of thousands of fans to London in August for Swift’s final U.K. performances could […]
European stocks retreated from near record-high levels, as investors assessed the outlook for interest rates after US Federal Reserve policymakers dialed back their expectations for cuts this year. The Stoxx Europe 600 Index slipped 0.5% by 9:20 a.m. in London, after rallying by the most in five weeks on Wednesday […]