Amid fresh concerns of a looming recession in the US triggered by weaker-than-expected July payroll data, expectations have soared that the US Fed could potentially propose a significant rate cut in its next policy meeting in September. July payroll data last Friday showed the US unemployment rate jumped to near […]
US inflation
Gold rate today: Following the sluggish demand for physical gold in China, gold prices witnessed strong selling last week. COMEX gold lost around 4.50 percent last week, whereas, in India, the downside in the yellow metal price was deeper due to the price adjustment after the announcement of a customs […]
The US stock markets opened at a high before Friday’s trading session after promising inflation data raises Federal Reserve (FED) rate cut expectations. At 9:30 am (EDT) the stock markets opened for the United States at a high. The Dow Jones Industrial Average rose 0.51 per cent at 40,140.90 on […]
The highly-anticipated Union Budget week is finally here! The Indian stock market’s spectacular bull run ahead of the Budget session proved that investor sentiments are firm driven by hopes of policy announcements, domestic cyclicals, and growth-oriented sectors from the upcoming Union Budget 2024. In the fourth week of July, investors […]
Indian stock market: The domestic equity market is expected to open in green amid mixed global cues. US stocks ended higher on bets that the US Federal Reserve will cut interest rates in September. Traders are betting on a 94% chance of a rate cut by September, up from 78% […]
Indian stock market continued its record bull run picked up since June-end led by return of foreign inflows, albeit few phases of consolidation with the new earnings season. Bulls have tightened their grip on D-Street after a spectacular month-opening ahead of the Union Budget 2024 scheduled for later this month. […]
Gold Prices Today: The yellow metal held above the key $2,400 per ounce pivot on Friday, July 12, and were headed for their third straight weekly gain, as investors grew confident that the US federal Reserve was on track to lower interest rates soon after the latest consumer price-based inflation […]
Gold rate today: Because of rising optimism for the US Fed rate cut and weakness in the US dollar rates, gold price in the international market scaled to a six-week high at the $2,391 per ounce mark. In the domestic market, gold futures contract on the Multi Commodity Exchange (MCX) […]
European stocks retreated from near record-high levels, as investors assessed the outlook for interest rates after Federal Reserve policymakers dialed back their expectations for cuts this year. The Stoxx Europe 600 Index slipped 0.9% by 11:47 a.m. in London, after rallying by the most in five weeks on Wednesday as […]
European stocks advanced ahead of a crucial day for markets as the Federal Reserve will provide updated rate projections a few hours after a key US inflation print. The Stoxx Europe 600 Index rose 0.3% at 8:04 a.m. in London. Banks and insurers led the gains, while among individual movers, […]