Expectations on the size of next Fed rate hike shifted again last week, with stocks cheering lower than expected consumer inflation reading in the US. Dollar ended as the worst performer but it did have a late come back following rebound in benchmark treasury yields. Indeed, it was the late selloff in Sterling and Euro,
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An acceleration of coronavirus cases late in the week has plunged more areas in China into tighter restrictions and complete lockdown. Including: In the southern province of Hainan two cities (total population just under 1 million), Dongfang and Chengmai, extended the lockdowns currently in place. The 3 data lockdown are now for around a week,
Gold prices were flat on Friday, weighed down by an uptick in the Treasury yields and prospects of U.S. interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. FUNDAMENTALS Spot gold was flat at $1,787.57 per ounce, as of 0120 GMT. However, bullion has gained 0.7%
US, Indo- US, Indo- Pacific coordinator Campbell is on the wires saying: China used Pelosi visit as pretext to launch pressure campaign on Taiwan China overreacted to Pelosi visit China surrounded Taiwan with more than a dozen warships US response has been responsible, steady and resolute US opposes any unilateral changes to the status quo
Gold price in the national capital on Friday declined by Rs 90 to Rs 52,915 per 10 grams, according to HDFC Securities. The precious metal had closed at Rs 53,005 per 10 grams in the previous trade. Silver also dipped by Rs 374 to Rs 59,166 per kg from Rs 59,540 per kg in the
Sterling falls broadly today while smaller than expected GDP contraction didn’t ease recession worry. Euro is also weak following decline in Germany benchmark yield, but Yen was worse. Dollar, on the other hand, is trying to reverse this week’s losses, with help from the strong rebound in 10 year yield. But upside of the greenback
Eurostoxx flat Germany DAX +0.1% France CAC 40 +0.1% UK FTSE +0.1% Spain IBEX flat Meanwhile, S&P 500 futures are up 9 points, or 0.2%, with Nasdaq futures up 0.3%. But that comes after a bit of a lackluster finish in Wall Street yesterday as market players are engaged in some food for thought after
NEW DELHI: Gold prices held steady on Friday weighed down by an uptick in the Treasury yields and prospects of US interest rate hikes, although broader weakness in the dollar kept bullion on track for its fourth weekly gain. Data on Thursday showed US producer prices unexpectedly fell in July. It came a day after
Dollar remains the worst performing major currency for the week, but the dynamics are shifting. Yen is giving up much of its gain, following the strong rebound in benchmark treasury yields, but Swiss Franc is still firm. Euro and Sterling are somewhat under pressure too, while smaller than expected GDP contraction gives the Pound little
US Attn. General Garland For what it is worth, the DOJ has announced that the Attn General Merrick Garland will be issuing a statement at 2:30 PM ET. No further details were given, but I can assume it would be on the execution of the search warrant of former President Trump’s Mar-a-Lago home. Needless to
OPEC on Thursday cut its 2022 forecast for growth in world oil demand for a third time since April, citing the economic impact of Russia’s invasion of Ukraine, high inflation and efforts to contain the coronavirus pandemic. The view from the Organization of the Petroleum Exporting Countries contrasts with that of the International Energy Agency,
Dollar selloff resumes in early US session after lower than expected PPI reading. Aussie and Kiwi are strong as supported by risk-on sentiments but Canadian is lagging behind. Yen is also firm, together with Swiss Franc, thanks to falling yields. Euro and Sterling continue to be mixed. In other markets, Gold is struggling to take
The entire start of the week served as a placeholder to the US CPI data release and well, at least the main event delivered. There were some sizable moves in markets yesterday but things have calmed down considerably so far today. The narrow ranges among dollar pairs exemplifies the inaction for the time being: I
Gold prices fell on Thursday as the dollar recovered after comments from Federal Reserve officials pointed to aggressive interest rate hikes, even as inflation in June eased from a 40-year high in the world’s largest economy. Gold futures on were trading 0.31 per cent lower at Rs 52,080 per 10 grams. Silver futures declined 0.69
After yesterday’s selloff, Dollar is recovering slightly in Asian session today. But the greenback remains the worst performing one for the week. New Zealand and Australian Dollars are taking most advantage for now, helped by risk-on sentiment. But Swiss Franc and Yen are also strong on falling major benchmark yields. Euro and Sterling are on
Atlanta Fed GDPNow tracks growth to 2.5% from 1.4% last The Atlanta Fed Q3 estimate for growth jumped to 2.5% from 1.4% last. In their own words: The GDPNow model estimate for real GDP growth (seasonally adjusted annual rate) in the third quarter of 2022 is 2.5 percent on August 10, up from 1.4 percent
New Delhi: Gold prices eased by Rs 60 to Rs 52,811 per 10 grams in the national capital on Wednesday in line with losses in the precious metal in the global markets, according to Securities. The precious metal had closed at Rs 52,871 per 10 grams in the previous trade. Silver declined by Rs 575
Dollar falls broadly in early US session after data shows headline CPI slowed more than expected, which core inflation held steady. Yen is gaining most against the greenback for now, with extra help from falling treasury yields. But it’s unsure for now long Yen’s rally against others could last. Also, it’s hard to say which