39th record close for the Nasdaq, 40th for the Dow and 60th for the S&P The three major indices closed at record levels once again. For the year, the NASDAQ closed at a record level for the 39th time Dow industrial average closed at a record level for the 40th time S&P index closed at a record
Month: November 2021
Cases are on the rise in Germany The 7-day incidence rate may have dropped today to 153.7 from the latest peak yesterday at 154.8 but that is still much higher than the 110.1 reading a week ago. For added context, towards the end of August, the figure was seen just above 50.0. Meanwhile, total active
NEW DELHI: Gold prices edged lower on Tuesday as a firm dollar made the bullion less appealing for holders of other currencies. That said, investors are eyeing a pivotal US Federal Reserve policy meeting. The Federal Reserve’s two-day policy meeting concludes on Wednesday as investors will seek cues on tapering amid growing concerns over a
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The latest
AUD/JPY slumps around 60 pips as RBA rejects YCC moves. A fortnight-old ascending triangle in focus, 86.10 holds the gate for buyers. Descending RSI, break of immediate support favor sellers. AUD/JPY portrays a 60-pip fall to mid-85.00s on the Reserve Bank of Australia’s (RBA) moves during early Tuesday. Read: RBA: Will not hike OCR until actual
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The November FOMC meeting would see the Fed making a formal announcement on QE tapering. We expect the plan would begin immediately and is expected to end by mid-2022. The Fed funds rate will stay unchanged at 0-0.25%. The market has priced in over 60% of a rate hike in June 2022. This appears unlikely
Up 74 points or 0.48%. The NASDAQ index opened higher, reversed into negative territory, but has reversed those declines and trades at new session highs. The low for the day reached 15470.80, down -27.6 points or -0.18%. The high as just extended to a high of 15573.40. That took the price up 75 points or +0.48%. The high price is a
Bank of American and Goldman Sachs with some bullish comments The OPEC+ decision is on Thursday and another 400k/bpd is expected to be added as OPEC sticks to the script. There’s some tail risk they could add more as the US and others lean on them. WTI is up 51-cents to $84.08 and rose as
New Delhi: Gold prices declined marginally by Rs 10 to Rs 46,673 per 10 gram in the national capital on Monday amid muted global trends, according to HDFC Securities. The precious metal had settled at Rs 46,683 per 10 gram in the previous trade. Silver also declined by Rs 230 to Rs 63,014 per kg
Treasury Secretary Janet Yellen said she has discussed with President Joe Biden how he should proceed on naming a Federal Reserve chairman and praised the current holder of the position. Though she did not disclose any specific plans Biden has, Yellen said she gave solid marks to Chairman Jerome Powell. “I talked to him about
October ISM Manufacturing PMI came in slightly better than the market expectation. US Dollar Index holds above 94.00 after the data. The economic activity in the US manufacturing sector expanded at a pace in October with the ISM’s Manufacturing PMI arriving at 60.8. This reading came in lower than September’s print of 61.1 but surpassed the
After launching via a Discord channel on Oct. 28, AnubisDAO went on to raise roughly 13,256.4 ETH using Alchemistcoin’s liquidity bootstrapping protocol (LBP) Copper. However, the funds were unexpectedly sent to a different address roughly 20 hours into the LBP. CNBC spoke to one investor who claims to have lost almost $470,000 to AnubisDAO. The
Japan’s Nikkei index surges sharply by over 2% in Asian session, in very positive response to the easy win of the Liberal Democratic Party in Sunday’s election. Prime Minister Fumio Kishida’s LDP retained comfortable majority in the House of Representatives, ensuring continuity of the economic policies. While other Asian markets are mixed, Yen is trading
Dollar holds gains after month-end buying flows The greenback is keeping in good stead to start the new week as it is maintaining the advance from Friday, which saw the dollar rally going into October month-end. For now, things are still working out for the dollar with EUR/USD lightly lower to 1.1547 (17 pips range
Remarks by Japan prime minister, Fumio Kishida To include targeted payouts to temporary workers, families with children in need Wil consider resuming “go to” subsidised travel programme To unveil government’s COVID-19 response around the same time Japan to start booster shots in December That will at least help to ease the burden on the economy
NEW DELHI: Gold prices edged up higher in the domestic markets on Monday, bucking the global trend. However, it traded in a range ahead of the festive season. Gold futures on MCX were trading 0.15 per cent or Rs 75 at Rs 47,705 per 10 grams. Whereas, silver futures were down 0.16 per cent or