Silver soared by Rs 1,800 to hit a fresh record high of Rs 88,000 per kg on Thursday, while gold prices jumped Rs 650 to Rs 74,050 per 10 grams in line with strong global trends. According to HDFC Securities, rising for the second straight session, silver prices surged Rs 1,800 to hit its lifetime
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The strong rally in US stocks seen yesterday appears to lack follow-through momentum, with futures indicating a flat open today. The benchmark 10-year yield is fluctuating within a tight range, and Dollar is broadly recovering as selling momentum wanes. The strong increase in import prices serves as a reminder that, although disinflation in the US
Europe’s macroeconomic outlook is brighter — but markets may be underestimating the potential for sudden destabilization due to geopolitics, the vice-president of the European Central Bank said Thursday. “We are talking about the electoral cycle that is going to take place not only in the U.S., but as well in Europe. And simultaneously, we are
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of key moments. The Dow on Thursday topped 40,000 for the first time ever. The S & P 500 and the Nasdaq also hit record highs for the second session in a row —
NZD/USD pulls back from a two-month high of 0.6140 marked on Thursday. Technical analysis suggests a confirmation of the bullish trend for the pair. The pair could find the key resistance at the major level of 0.6150. NZD/USD retreats from a two-month high of 0.6140, trading around 0.6110 during the European session on Thursday. The
The move to the upside continues and the major indices are not on pace to all close at record levels today. Dow record high close coming into the day was at 39807.38. The index is up 274 points at 39832 currently. Both the Nasdaq and S&P closed at record levels yesterday. ANything positive today would
The economic calendar is empty in the European session, so the market will likely keep trading based on the yesterday’s benign US CPI report which should have set the positive trend in risk assets for the next few weeks. There is a data point that could ruin the positive mood though: the US Jobless Claims
Amid increased hope of rate cuts later in the year, gold prices on MCX for June futures contracts opened on a flat note on Thursday to trade at Rs 73,100 per 10 grams. In the last two days, gold prices went up by nearly Rs 800 while MCX July silver contracts were up by Rs
Dollar faced broad sell-offs overnight and continued to weaken in Asian session. Investors breathed a sigh of relief after US CPI data indicated that disinflation is progressing, which has reignited speculation about near-term rate cuts by Fed. Or at least, another rate hike is now highly unlikely, as repeated by Chair Jerome Powell. Fed fund
Inflation eased slightly in April, providing at least a bit of relief for consumers while still holding above levels that would suggest a cut in interest rates is imminent. The consumer price index, a broad measure of how much goods and services cost at the cash register, increased 0.3% from March, the Labor Department’s Bureau
In this article CSCO Follow your favorite stocksCREATE FREE ACCOUNT Chuck Robbins, chief executive officer of Cisco, participates in a Bloomberg interview at the World Economic Forum in Davos, Switzerland, on Jan. 17, 2024. Stefan Wermuth | Bloomberg | Getty Images Cisco reported earnings and revenue for the fiscal third quarter that topped Wall Street’s
Gold price hits $2,390, its highest level in three weeks, gaining over 1%. US Treasury bond yields plunge, US Dollar Index drops to five-week low. April Retail Sales stagnate, while Fed officials express concerns about restrictive monetary policy. Gold price extended its uptrend for the second straight day on Wednesday and hit a three-week high
The NZDUSD is racing higher today as “risk-on” flows = Buy NZDUSD (at least today). Technically, the price moved back above the 100 day MA at 0.6088 and then the 50% of the move down from the December 2023 high at 0.6109. Those levels are now close risk levels for buyers. Staying above give the
The Australian dollar is up nearly 1% today in a broad rally in risk trades and slump in the US dollar. Westpac highlighted AUD/USD longs as something on its radar before the US CPI data but with the break, I’d expect them to get more-favourable to AUD/USD buys. AUD/USD has been showcasing more secure credentials,
Crude prices slid about 1% to an 11-week low on Wednesday after data from the International Energy Agency (IEA) showed oil demand in developed countries likely would flag this year. Brent futures fell 62 cents, or 0.8%, to $81.76 a barrel by 10:59 a.m. EDT (1459 GMT), while U.S. West Texas Intermediate (WTI) crude fell
Dollar falls broadly in early US session following the release of CPI data that shows disinflation resumed in April. This has reignited hopes that Fed is on track to start cutting interest rates by September, with Fed fund futures now indicating more than 70% probability of such a move. The renewed optimism has also boosted
The European Union must avoid a harmful decoupling of global trade as it mulls tariffs on Chinese electric vehicles and other goods, the bloc’s economic chief said Wednesday. “I think that as far as Europe is concerned we need a more mature attitude in our trade, securing our economy … especially with China,” European Commissioner
Palo Alto Networks is clawing its way back after a brutal earnings sell-off in February, and Wall Street analysts say the cybersecurity company’s earnings next week will justify its resurgence. Shares of Palo Alto plunged 28% on Feb. 21, a session after the company delivered a more cautious outlook for the rest of 2024. The