Thu, Nov 02, 2023
Powell said the better course of action for now, given the uncertainties, was to maintain the Fed's benchmark overnight interest rate in the current 5.25 per cent-5.50 per cent range, and see how job and price data evolve between now and the next policy meeting in December.
Wed, Nov 01, 2023
With financial markets expecting the U.S. central bank to keep interest rates on hold at the end of a two-day policy meeting on Wednesday, policymakers now have to judge whether the economy's stronger-than-anticipated performance is a last gasp of the consumer splurge that began during the COVID-19 pandemic, or evidence that monetary policy still isn't strict enough to fully return inflation to the Fed's 2% target.
Sun, Oct 29, 2023
The trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked.
Tue, May 16, 2017
HDFC's VC and CEO Keki Mistry in an one-on-one interview with Zee Business said that India is poised to be amongst the most significant economic countries in the world along with China and US.
Fri, May 05, 2017
Traders also remained cautious ahead of Friday`s U.S. government payrolls report, following March`s underwhelming 98,000 figure.
Thu, May 04, 2017
Spot gold was down 0.3 percent to $1,234.88 an ounce at 1016 GMT after touching $1,232.60, its lowest since March 21. U.S. gold futures slid 1.1 percent to $1,235.20.
The dollar gained 0.1% to 112.83 yen , its highest since March 20, after surging 0.6% on Wednesday to close at the session high.
Wed, May 03, 2017
MSCI`s broadest index of Asia-Pacific shares outside Japan rose 0.1% early on Wednesday, within a hair of a near-two-year high hit on Tuesday.
Sun, Apr 23, 2017
"GST is expected to raise overall Indian welfare and is projected to be an inclusive policy in that it would be welfare improving for all Indian states," the paper dated March 24 said.
Tue, Apr 18, 2017
Siddharth Purohit Senior Equity Research Analysts – Banking of Angel Broking said, “We believe a strong rupee should result in lower crude oil prices for Indian basket and that should keep both CPI and WPI under check in the near term.”
Mon, Apr 10, 2017
Talking to reporters in Australia, St. Louis Federal Reserve President James Bullard said opinions differed within the Fed on ending its balance sheet reinvestment policy and it would take some time to agree on, but he felt it could start later in the year.
Tue, Apr 04, 2017
"The data overnight gave some joy to gold investors. Weaker-than-expected numbers are supporting the view that the U.S. Federal Reserve is not going to raise rates more than a couple of times this year," ANZ analyst Daniel Hynes said.
Wed, Mar 22, 2017
Expectations of those tax cuts have been a major driver behind the 10% surge in the S&P 500 since Trump`s election.
Mon, Mar 20, 2017
The weaker dollar boosted gold, which added 0.2% to $1,230.50 an ounce in early trade.
Thu, Mar 16, 2017
"Indian markets (are) well placed to absorb the US Fed rate hike. Gradual approach in future increases augurs well for emerging markets," Economic Affairs Secretary Shaktikanta Das said on Twitter.
Bank of Japan on Thursday kept monetary policy steady in the wake of the US Federal Reserve`s second interest rate hike in three months.
Wed, Mar 15, 2017
Analysts have predicted the US Federal Reserve chief Janet Yellen to hike interest rate in its monetary policy meet on Wednesday.
Analysts estimated that markets will take their own sweet time to recover post demonetisation.
On global front, Asian equities opened slightly lower, as investors stayed cautious awaiting the outcome of several central bank meetings later on Wednesday, as reported by Reuters.
Japan`s benchmark Nikkei average opened down 0.52% while the broader Topix edged 0.41% lower.
Fri, Mar 10, 2017
Prices of gold dropped below the key level of $1,200 an ounce on Friday to hit their lowest in over five weeks on back of a stronger US dollar ahead of US jobs data later in the day.
Indian rupee has gained four paise against the US dollar to 66.67 in early trade on Friday at the Forex market.
Sat, Feb 25, 2017
Market rallied for the fifth straight week, over five-months highs, as the benchmark Sensex gaining 424.22 points to to close 28,892.97, while the broader Nifty ended above the psychological 8,900-level.
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