Closing changes for the main US markets: S&P 500 down 104 points to 3639 or -2.9% Nasdaq Comp -3.8% Russell 2000 -3.2% DJIA -2.1% Toronto TSX Comp -2.35% On the week: S&P 500 +1.4% Nasdaq Comp +0.5% Russell 2000 +1.9% Toronto TSX Comp +0.4% That SPX candle was looking really nice earlier this week. Meanwhile,
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Diwali festival in India, retail gold demand tends to pick up, offering a floor to global gold prices or the potential impetus to push prices seasonally higher. Several years of lower-than-expected gold demand suggest that there is room for an uptick in demand in Q4 2022 for India’s second-largest import by value. India plays a
Markets: Gold down $16 to $1695 US 10-year yields up 6 bps to 3.88% WTI crude up $4.06 to $92.51 S&P 500 down 115 points to 3629 USD leads, NZD lags The Fed-pivot talk went down in flames today and it didn’t even take a big surprise in the jobs report. The headline was basically
Gold prices have been on the rise recently, hovering around Rs 51,000 mark. The yellow metal has gained value, rebounding after six months of consecutive decline. For the last six months prices were on a declining spree. It was the rising interest rates which was actually driving the dollar index on the higher trajectory and
Dollar rises broadly after US published another set of robust non-farm payroll job data. As Fed got a nod from the report for continuing its aggressive tightening, US stock futures are trading knocked down while treasury yields jump. Canadian Dollar is also lifted slightly by solid employment data too. In immediate actions, Euro and Swiss
BofA Flow Show: Bull & Bear indicator remains at 0.0 (Extreme Bearish) Equities (USD) US: outflows recommence, 3.4bln Europe: outflow for the past 34 weeks, 0.6bln Japan: inflows for the past two weeks, 1.5bln Fixed Income (USD) Gov’t/Tsy: inflows for the past seven weeks, 4.2bln IG: outflows for the past five weeks, 12.5bln HY: inflows
Gold price in the national capital rose Rs 37 to Rs 52,300 per 10 grams on Friday amid depreciation in rupee, according to HDFC Securities. In the previous trade, the precious metal had touched Rs 52,263 per 10 grams. Silver also gained Rs 311 to Rs 62,022 per kg from Rs 61,711 per kg. The
The forex markets are still staying in consolidative mode for now, awaiting guidance from US non-farm payrolls. For now, some Fed hawks are rather clear that there’s seeing no case for slowing down tightening yet. Fed fund futures are pricing in over 70% chance of another 75bps hike in November. But such expectations could be
Earlier: Fed’s Waller wants continued rate hikes until meaningful, persistent progress on inflation Governor Christopher Waller is a member of the Federal Reserve Board of Governors, more remarks: the longer inflation stays up and the more aggressive the Federal Reserve has to be the less likely a soft landing will be I think there is
india: Losing Sheen: India’s gold imports drop 30% in September despite festive season – The Economic Times Video | ET Now ET Now | 06 Oct 2022, 09:00 PM IST Embed <iframe mozallowfullscreen=”true” webkitallowfullscreen=”true” allowfullscreen=”true” width=”560″ height=”420″ frameborder=”0″ src=”/videodash.cms?autostart=1&msid=94687843&rlvideo=1808152121″></iframe> Despite the festive season, India’s gold imports have fallen, compared to the previous year. India imported
The forex markets are very quiet today, with major pairs and crosses stuck inside yesterday’s range so far. Dollar is trying to recover but lacks sustained buying. Traders are clearly holding the bets before tomorrow’s non-farm payroll report. As for the week, the greenback remains the worst performer, followed by Yen and Swiss Franc. Commodity
Activity among British construction companies improved unexpectedly last month, although the outlook darkened as growth in new orders dried up, a survey showed on Thursday. UK S&P Construction PMI: 52.3 (Forecast 48, Previous 49.2) “UK construction companies experienced a modest increase in business activity during September, but the return to growth was fuelled by delayed
Citi Research said in a note on Wednesday the final market impact of OPEC+ decision to slash oil production would depend on the agreement duration, and expects major consumers to “react with displeasure” to the deal. OPEC+ agreed to its deepest cuts to production since the 2020 COVID-19 pandemic, despite a tight market and opposition
Dollar traded with an undertone in Asian session together with Yen and Swiss Franc. The pull back in US stocks overnight turned out to be shallow and brief. Major indexes managed to pare back much of earlier losses to close just slightly lower. Investors seemed to be just cautious ahead of Friday’s job report. Meanwhile,
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A panel of OPEC+ ministers recommended a cut to the group’s output limits of 2 million barrels day as they seek to halt a slide in oil prices caused by the weakening global economy. The recommendation from the cartel’s Joint Ministerial Monitoring Committee will be discussed by ministers later on Wednesday before they make a
This week’s rebound in global stock markets is losing momentum, as major European indexes and US futures are trading lower. Dollar recovers and lead Yen and Swiss Franc higher. Meanwhile, the rebound in Sterling also appears to have exhausted. Aussie and Loonie are following the Pound and next weakest while Kiwi is supported by RBNZ
UK business activity slides in Sept by most since early 2021 -PMI UK S&P Services PMI Final: 50.0 (Forecast 49.2, Previous 49.2) British businesses last month suffered the sharpest contraction in activity since early last year, although the downturn was a little less severe than first estimated, a survey showed on Wednesday. “Service sector businesses