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Risk-on sentiment continues to dominate global financial markets today, driven by widespread monetary easing and a significant boost from China’s latest stimulus measures. US equities finished strong overnight, with all major indexes posting gains. S&P 500 hit a fresh record for the third consecutive time this week. Meanwhile, Germany’s DAX also surged to an all-time

Headlines: Markets: JPY leads, GBP lags on the day European equities higher; S&P 500 futures down 0.1% US 10-year yields down 0.4 bps to 3.784% Gold down 0.1% to $2,667.98 WTI Crude up 0.2% to $67.82 Bitcoin up 1.1% to $65,410 Shigeru Ishiba finally won Japan’s top job, as he won the LDP leadership race

Speaking on the occasion, Manish Sarda, Chairman, IFAPA, said, “India is the largest exporter of manganese alloys and the third-largest exporter of ferrochrome. However, the industry’s global standing and foreign exchange generation potential is constrained due to high domestic power prices compared to other exporting geographies, tariffs on key imports, etc. For instance, the current

Swiss Franc remained relatively stable today following SNB’s decision to cut its policy rate by 25bps, bringing it down to 1.00%. This move defied some market speculations that anticipated a larger 50bps reduction. Despite opting for a smaller cut, SNB issued a decidedly dovish statement, sharply downgrading its inflation forecasts. The central bank signaled a

Headline CPI 2.2% y/y, in line with expectations but down from August expected 2.2%, prior 2.6% Core 2.0% y/y, and ditto, in line with expectations but down from August expected 2.0%, prior 2.4% this is ex food Core-core 1.6% y/y, in line with expectations and an unchanged rate from August expected 1.6%, prior 1.6% this

Gold prices on Thursday jumped by Rs 400 to breach a record Rs 78,000 per 10 gram level in the national capital on sustained buying by jewellers as well as strong trends in global markets. Maintaining its record-breaking run for the second day, gold spurted by Rs 400 to a fresh lifetime high of Rs

Asian markets are maintaining a risk-on tone today, despite the lackluster US market performance overnight. Sentiment remains buoyed by China’s recent monetary stimulus measures, even as doubts linger about their overall effectiveness due to the absence of significant fiscal support. Nevertheless, stocks in Hong Kong and China continue to trade higher. In Japan, Nikkei is

The gains picked up during the handover from Asia to Europe, following comments from China’s Politburo here. That amplified Beijing’s commitment from all of the measures announced this week and also drove Chinese equities to surging gains on the day. S&P 500 futures were already up 0.3% at the time but extended that to 0.8%

The initial reaction to the gold import duty cut in the July Budget was short-lived as prices of the yellow metal surged Rs 76,000/10 gms to new record highs in just 2 months. Amid positive global cues and the festive season around the corner, analysts now see gold prices surging further to as high as