News

The Reuters Tankan monthly poll is intended to track the quarterly Bank of Japan tankan survey. Reuters report on the latest results: October manufacturers’ sentiment index +5 vs +10 in September confidence among big Japanese manufacturers fell for a second straight month hit its lowest in five months global inflation and a weak yen cited

NEW DELHI: Gold prices extended their fall on Tuesday as a firm dollar and prospects of further oversized rate hikes by the US Federal Reserve dented the zero-yielding asset’s appeal. After stronger-than-expected US labour data, the focus is now on the inflation reading, due on Thursday, which is expected to remain stubbornly high. Gold futures

The majority of Dollar bulls appear to be staying on the sideline today. Despite earlier rally attempt, the greenback starts to pare back some gains into US session. US futures are also trading flat in very tight range. Investors are holding their bet ahead of a wave of speeches of central bankers, and more importantly,

With four weeks to go until the vote, polls and prediction markets point to a divided government the most likely outcome, Goldman Sachs wrote in a note. There is a 85% likelihood that Republicans gain control of the Senate, the House or both, and just a 15% likelihood that Democrats maintain unified legislative control. Historically,

Gold price fell by Rs 343 in the national capital to Rs 51,105 per 10 grams on Tuesday amid a decline in the prices of the precious metal in the international market, according to HDFC Securities. In the previous trade, the yellow metal had settled at Rs 51,448 per 10 grams. Silver also tumbled by

Dollar extends its near term rally in Asian session, with support from risk-off sentiment, while US 10-year yield is flirting with 4% handle. Yen is also firm, and has the potential to overwhelm the greenback if Japan steps into the markets again. Commodity currencies are the weakest one so far, with Aussie being the worst.

Westpac’s monthly survey of consumer sentiment is -0.9% m/m to 83.7 prior was +3.9% to 84.4 The index is barely above its historical lows at a deeply pessimistic level. In Westpac’s commentary on the results they atytrbiute the worries to the usual suspects: surge in the cost of living rising interest rates concerns about the

Saudi Aramco has told at least seven customers in Asia they will receive full contract volumes of crude oil in November ahead of the peak winter season, several sources with knowledge of the matter said on Monday. The producer is keeping supplies to Asia steady despite likely production cuts by tapping on inventories, the sources

The UK’s Financial Conduct Authority wants reports on gilts and associated markets daily reports on any significant deterioration in market conditions — Reuters with the headline citing an unnamed source. I guess the only thing worse than this is not getting such reports? This comes after the huge disruption to gilts and GBP in response

Gold prices in the national capital dropped Rs 543 to Rs 51,625 per 10 grams on Monday amid a decline in the prices of precious metal in the international market, according to HDFC Securities. In the previous trade, the yellow metal had touched Rs 52,168 per 10 grams. Silver also tumbled by Rs 2,121 to

Asian markets trade broadly lower today, extending the risk-selloff late last week. Dollar, Yen and Swiss Franc are trading higher on risk-aversion, as usual. Aussie is currently worst performer, while Kiwi and Sterling are trailing. Euro is mixed for now, but looks vulnerable too. Technically, one focus is whether EUR/USD would finally make up its

There was a terrible close on Friday and US stocks are on track for a poor open on Monday. Futures are down 0.7% in very early trading to start the new week. I don’t know if stocks need a reason anymore but the poor China services PMI on the weekend and the attack on the

Oil futures inched lower on Friday as a firm dollar weighed on prices ahead of key U.S. jobs data, although benchmarks were headed for a weekly gain on OPEC+’s move to cut production. Brent crude futures were down 25 cents, or 0.26%, to $94.17 a barrel at 0649 GMT. WTI crude futures were down 25

Caixin Services Purchasing Managers’ Index (PMI) for September 2022 came in at 49.3 from 55.0 in August China’s economy is struggling under the weight of ongoing COVID outbreaks and the imposition of restrictions on activity. As well as the imploding property sector, burdened by debt servicing issues. After August’s improvement, the roller-coaster has taken the

Silver recovered from a two-year low on the escalation of geopolitical tensions, recession worries in key economies, and seasonal demand. Though the post-pandemic industrial demand helped commodity prices to stream higher, silver prices were reeling under the bearish grip. Silver was the worst performer among precious metals in 2022. The metal has lost more than

The trade in the first half of the year was to sell stocks and buy oil. That’s shaping up to be the trade of Q4 as well. WTI crude oil are up 5% today and briefly touched $93.00, which is the highest since August 30. It’s also come on a day with a strong US

Pulses prices have shot up during the recently concluded monsoon season, especially Kharif pulses, owing to lower production estimates compared to the last year, propelled by the erratic rainfall distribution in the key producing states like Maharashtra and Karnataka, and lower crop area this year as farmers shifted to competitive crops. Tur (Arhar) dal prices

After a brief recovery, risk sentiment turned sour again towards the end of the week. Solid data from the US that solidify expectation for continuous aggressive Fed actions was a factor. Strong rebound in oil price also raised concern of a second wave in inflation. The overall development suggests that risk sentiment remains fragile, and