News

UPCOMING EVENTS: Tuesday: Japan PPI, UK Labour Market report, US NFIB Small Business Optimism Index, US CPI. Wednesday: UK GDP, UK Industrial Production, Eurozone Industrial Production. Thursday: US PPI, US Retail Sales, US Jobless Claims, New Zealand Manufacturing PMI. Friday: US Industrial Production, US University of Michigan Consumer Sentiment Survey, PBoC MLF. Tuesday The UK
0 Comments
Dollar and Yen had contrasting fortune last week, responding to divergent central bank expectations. Dollar found itself as the week’s worst performer, a reflection of solidified expectations for Fed’s first rate cut in June, reinforced by Fed Chair Jerome Powell’s semiannual testimony. The cooling job US market is seen as unlikely to stand in the
0 Comments
A near Rs 3,000 per 10 grams surge in Gold over the last six to seven sessions and back-to-back lifetime highs has brought its mojo back after a lackluster February. Moreover, its one-year returns stand at an impressive 17.63%. But have gold mutual funds that track yellow metal prices performed with equal zeal? Here is
0 Comments
Dollar’s decline accelerated in the early US session, triggered by disappointing non-farm payroll data. Despite a seemingly robust headline job growth figure for February, the substantial downward revision of January’s numbers cast a shadow, marking the overall report as a miss. Moreover, the unemployment rate’s unexpected jump and the below-forecast earnings growth further dented investor
0 Comments
Oil prices slipped on Thursday as expectations that U.S. interest rate cuts could be delayed capped gains, though upbeat Chinese trade data augured well for demand in the world’s top oil importer. Brent crude futures were down 58 cents or 0.7% to $82.38 a barrel by 1417 GMT, while U.S. West Texas Intermediate crude futures
0 Comments
Euro dips notably following ECB’s decision to maintain interest rates unchanged, coupled with downward revision in its inflation forecast. Specifically, ECB now anticipates that headline inflation will return to its target by 2025 and drop below 2% in 2026. However, the common currency found some footing during President Christine Lagarde’s press conference. Lagarde highlighted ECB’s
0 Comments