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US Economy News
Global stocks rise with focus on economic stimulus; US yield curve briefly inverts
Thu, Aug 22, 2019
Strong earnings in the United States and the report of talks on a megamerger in European autos triggered gains in stocks, and the improved risk sentiment drove safe-haven yields higher while the yen and gold edged lower.
Gold rises as investors shy away from risk amid US political uncertainty
Mon, Dec 24, 2018
* The dollar index, a gauge of its value versus six major peers, was steady at 96.90 in early Asian trade.
Alert! Bear market in US? Billionaire Steve Cohen paints doomsday scenario, returns to dry up
Thu, Nov 15, 2018
US benchmark S&P 500 index has gained by 1% compared to nearly 11.5% decline witnessed in exchange-traded fund which are designed to measure equity market performance outside US.
Beware! Investors raising shorts on emerging market currencies
Thu, Jul 26, 2018
Asian currencies have been hobbled in the past two weeks as the U.S. dollar firmed due to more clarity on the Federal Reserve`s rate stance and as trade war ructions caused capital to depart from the region. The number of Americans filing for unemployment benefits dropped to a more than 48-1/2-year low for the week ended July 14 as the labor market strengthens further.
Strong US job growth forecast; unemployment rate seen at 4 pct
Fri, Mar 09, 2018
US job growth likely rose at a brisk clip in February and probably pushed down the unemployment rate to a more than 17-year low of 4.0 percent, but wage gains are expected to have slowed after three straight months of strong increases.
Fed expected to keep interest rates steady as Yellen era ends
Wed, Jan 31, 2018
Investors will focus on the US central bank`s gauge of inflation, which remains stubbornly below its 2 percent target, the risks it sees to its economic outlook, and any assessment of the impact of the Trump administration`s tax overhaul on growth.
Sustaining markets valuation depend on future earnings, economic rebounds: Economic Survey
Mon, Jan 29, 2018
With market boom, many firms have taken advantage of reduced cost of capital by issuing more equity publicly and to utilize them for new investment projects.
Global Markets: Stocks scale new record highs, dollar stuck
Fri, Jan 05, 2018
World stocks scaled fresh record highs on Friday, while the dollar stuck near four-month lows before crucial payroll numbers that could underpin growing confidence in the world`s biggest economy.
Warren Buffett proclaims optimism for America's financial future
Thu, Jan 04, 2018
In an essay for the Jan. 15 issue of Time magazine, the chairman of the insurance and investment company Berkshire Hathaway Inc tried to allay concerns that innovation and improved productivity might cost jobs and disrupt lives.
Indian economy to be 5th largest in 2018: World Economic League
Wed, Dec 27, 2017
It would be the first time when the Indian economy will overtake the UK and France in real money dollar terms, the ninth-edition of the report released by London-based Centre for Economics and Business Research showed.
Biggest inflows to U.S. large caps since April - BAML
Fri, Dec 15, 2017
The planned tax overhaul will slash the U.S. corporate tax rate to 21 percent, helping to fuel a burst of growth in 2018 according to the U.S. Federal Reserve. It also cheered up investors who have been betting on expansionary U.S. policies all year.
Gold dips as dollar shines after US Senate clears tax bill
Mon, Dec 04, 2017
Higher rates tend to boost the dollar, making the greenback-denominated gold more expensive for buyers using other currencies. An increase in rates also reduces the incentive for investors to hold onto the non-interest-bearing metal.
U.S. Senate approves major tax cuts in victory for Trump
Sun, Dec 03, 2017
In what would be the largest change to U.S. tax laws since the 1980s, Republicans want to add $1.4 trillion over 10 years to the $20 trillion national debt to finance changes that they say would further boost an already growing economy.
Whether new dawn or another false one, euro zone economy is full of surprises
Wed, Nov 22, 2017
The surprise economic star of 2017, when it wraps up next month, will have been the euro zone: growth looks set to come in at 2.2% compared with a forecast this time last year of just 1.4%.
Major U.S. tax cuts not likely this year, says' economists
Sat, Nov 18, 2017
While optimism about a tax overhaul has helped push the U.S. stock market up for most of this year, the administration of President Donald Trump, a Republican, is still seeking its first major legislative win after almost a year in office.
Asian markets edge up slightly after strong US service data
Thu, Oct 05, 2017
In Asia on Thursday, trade is expected to remain subdued with China, Hong Kong and South Korea closed for public holidays and analysts cautioning against reading too much into index moves.
US Fed announces plan of $4.5 trillion balance sheet reduction
Thu, Sep 21, 2017
"Information received since the Federal Open Market Committee met in July indicates that the labor market has continued to strengthen and that economic activity has been rising moderately so far this year," said the Fed in a statement
US Federal Reserve minutes in view, stocks shift higher
Wed, Jul 05, 2017
Stock markets rode out the latest rise in tensions around North Korea on Wednesday, with the main markets in Europe, Asia and the United States all inching higher as attention moved to minutes from the U.S. Federal Reserve`s last meeting.
Logic of Indo-US strategic ties ''incontrovertible'', says Modi
Mon, Jun 26, 2017
"The planned 100 smart cities, the massive modernization of ports, airports and road and rail networks, and the construction of affordable housing for all by 2022 - the 75th anniversary of India`s independence - are not just promises of great urban renewal within India.
US Fed indicates more rate hikes this year; what this means for Indian rupee
Fri, Jun 16, 2017
US Federal Reserve has hiked its domestic rate for the third time in December posing threat to inflows from FPIs in India and thus opening case for depreciation bias in Indian rupee against dollar.