New Delhi: Gold in the national capital on Thursday rose by Rs 65 to Rs 46,012 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,947 per 10 gram. Silver also gained Rs 490 to Rs
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A sharp jump in mortgage interest rates over the past few weeks is taking its toll on mortgage demand. Total application volume fell nearly 7% last week compared with the previous week, according to the Mortgage Bankers Association’s seasonally adjusted index. The average contract interest rate for 30-year fixed-rate mortgages with conforming loan balances ($548,250
GBP/USD gained some traction on Thursday amid a subdued USD price action. A combination of factors held bulls from placing aggressive bets and capped gains. The GBP/USD pair quickly recovered around 25-30 pips from the early European session lows, albeit struggled to capitalize on the move beyond the 1.3600 round-figure mark. The risk-on impulse in
For the first time in 7 years, the RBNZ increased the OCR by +25 bps to 0.5% in October. Policymakers pledged to tighten further in coming months as inflation pressure continues to exceed target. Policymakers remained hopeful about the economic outlook, suggesting that easing of pandemic-related restrictions could help return growth momentum. On economic developments,
EOS began a descending trend 53 days ago and despite the recent 27% weekly gain, the altcoin is not showing any signs of a reversal. As a result, investors are questioning whether the former top-5 cryptocurrency has what it takes to turn around after Daniel Larimer, CTO of the development company behind EOS, resigned in
Down $1.50 or -1.9% The price of WTI crude oil futures are settling at $77.43. That is down $1.50 or -1.9%. The price is settling near the lows for the day at $77.06. The high for the day was up at $79.78. The move to the downside was helped by comments early in the US session that Russia’s Putin that “Russia
Amongst a huge news day during the US timezone was this on the US debt ceiling: McConnell now suggesting Thursday as a vote. Democrats have already indicated they’ll be in assent. So, the vote looks set to pass (famous last words?) when it does happen. US government gets funded through to December when we can
NEW DELHI: Gold prices inched lower on Wednesday in the domestic market, following global cues. A firmer dollar and rise in Treasury yields weighed on the precious metal’s appeal. Investors focused on US non-farm payrolls data due later this week, which would be crucial to the Federal Reserve’s timeline for tapering economic support. Gold futures
Companies shook off worries over the Covid delta variant and hired at a faster-than-expected pace in September, according to a report Wednesday from payroll processing firm ADP. Private jobs rose by 568,000 for the month, better than the Dow Jones estimate from economists of 425,000 and ahead of the downwardly revised 340,000 reading in August.
In this article LEVI Jeans are displayed at a Levi Strauss store in New York, March 19, 2019. Shannon Stapleton | Reuters Levi Strauss & Co. on Wednesday reported fiscal third-quarter earnings and sales that topped analysts’ expectations, as consumer demand picked up during the back-to-school season and shoppers looked to stock up on the
US stocks rebound over hopes of a short-term solution to the key problem at hand. Improving Sino-US relations, upbeat US ADP data add to the risk-on mood. Acuity Brands jump 11%, gas prices in Europe propel market volatility. US Jobless Claims, risk catalysts in focus ahead of Friday’s NFP. Wall Street managed to post minor
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The markets are back on risk-off mode again today, while major global treasury yields trade higher. Stronger than expected ADP job data provides little support to over sentiment. Yen is leading the way higher, followed by Dollar and Swiss Franc. On the other hand, despite RBNZ delivering the expected rate hike, New Zealand Dollar is
EUR/USD falls to a low of 1.1555 on the day, its lowest since July 2020 Higher yields and a focus on risk aversion is a potent combo (the latter is holding a bit more weight now) in keeping the dollar more bid in European morning trade so far, with the greenback extending gains across the
Forex news from the European trading session – 6 October 2021 Headlines: Markets: JPY leads, NZD lags on the day European equities lower; S&P 500 futures down 1.2% US 10-year yields up 1.7 bps to 1.548% Gold down 0.3% to $1,754.70 WTI down 0.5% to $78.54 Bitcoin down 0.4% to $51,260 The market was gripped
New Delhi: Gold in the national capital on Wednesday plunged Rs 226 to Rs 45,618 per 10 grams in line with a decline in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,844 per 10 grams. Silver also tumbled Rs 462 to Rs 59,341
Treasury Secretary Janet Yellen cautioned Tuesday that inflationary pressures hitting the U.S. economy could last for a while. Coming less than a week after Federal Reserve Chairman Jerome Powell called inflation “frustrating,” Yellen told CNBC that the various issues that have colluded to push up prices likely will pass though she’s not sure how long
A Kremlin spokesperson said on Wednesday that Russia has no role in the unprecedented increase in energy prices in Europe, as reported by Reuters. Additional takeaways “There are several reasons behind gas prices surge in Europe, including economic recovery, higher energy demand, low level of gas storage.” “Lower gas supplies to spot market in Europe,