News

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Spot gold traded between $2564 (18/11/2024) and $2716 (22/11/24) in the week ended November 22 as it staged an impressive recovery after a decline of nearly 5% in the week ended November 15. The metal surged on safe haven demand fuelled by concerns over Russia-Ukraine war that intensified following Ukraine firing American ATACMS and the

European majors are experiencing significant selling pressure today, with Euro leading the declines. Euro sharply depreciated as traders increased their bets on an aggressive 50 bps rate cut by ECB in December, following dismal PMI data. Market expectations for such a cut have surged to 50%, a substantial rise from around 15% just a day

Markets: Gold up $37.21 or 1.4% $2706.61 US 10-year yield 4.414%, -1 point basis points US 2-year yield 4.377%, +220 basis points WTI crude oil up $1.08 or 1.53% $71.19 S&P 500 rose . For the week the index rose 1.52% NASDAQ rose . For the week the index rose 1.62% Russell 2000 rose .

Oil prices rose on Friday after Russia said it had fired a ballistic missile at Ukraine and warned of a broadening conflict, raising the prospect of tightening crude supplies. Brent crude futures gained 14 cents, or 0.2%, to $74.37 a barrel by 0007 GMT. U.S. West Texas Intermediate crude futures rose 17 cents, or 0.2%,

Swiss Franc and US Dollar appreciated broadly today as investors sought safe-haven assets in response to escalating geopolitical risks. Gold extended its near-term rebound, while Bitcoin surged to a new record high, reflecting heightened demand for alternative stores of value. The catalyst for this shift was a warning from Russian President Vladimir Putin that the

Novak had graduated from being Russia’s energy minister to deputy prime minister but he is still very much involved with OPEC+ matters. In the meeting today, he basically just reaffirmed the partnership between Russia and OPEC. Adding that: “Russia will continue to be a key player in the oil market, maintaining its status as a

Gold December futures contracts at MCX opened higher today at Rs 77,018 per 10 grams, which is up by 0.42% or Rs 325, and silver December futures contracts were trading at Rs 90,052/kg, up by 0.14% or Rs 127. Gold futures prices surged for the 5th consecutive session today, gaining nearly Rs 3,100/10 grams while

Yen rebounded broadly today as market participants interpreted comments from BoJ Governor Kazuo Ueda as a potential signal for a rate hike in December. Ueda noted that there is still a month before the next policy meeting and that the central bank will have a substantial amount of data to consider by then. While he

Japan inflation data October 2024, all figures are y/y. Headline national CPI 2.3% expected 2.2%, prior 2.5% CPI excluding Fresh Food & Energy 2.3% (often referred to as ‘core-core’ inflation, its the closest to US core inflation) expected Exp. 2.3%, prior 2.1% CPI excluding Fresh Food 2.3% (core inflation) expected Exp. 2.2%, prior 2.4% Yen

Written by , ETMarkets.com| Nov 21, 2024, 05:06:51 PM IST 1/7 Market Summary Indian market closed lower on Thursday tracking weak global cues. The S&P BSE Sensex fell more than 400 points while the Nifty50 closed below 23,400 levels. ET Spotlight Special 2/7 Sectoral Summary Sectorally, buying was seen in healthcare, IT and realty stocks while

Euro continues to trade on the softer side in an otherwise directionless market. Yet it’s holding above its low against Dollar, lacking sufficient momentum for a decisive breakout. Market participants and ECB policymakers are grappling with critical questions regarding the pace at which interest rates should be reduced towards neutral, and whether the terminal rate

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Written by , ETMarkets.com| Nov 21, 2024, 03:50:52 PM IST 1/8 Solid Performance Indian equity market recently experienced a sharp decline, with many stocks facing weakness. For some investors, this correction presents a chance to buy shares that were once overpriced. However, it can be challenging to decide which stocks to invest in, especially in such

Yen fell broadly during Asian session today, reversing all of this week’s earlier gains. Market sentiment has calmed somewhat despite the escalation in Russia’s war in Ukraine, as there is no clear intensification toward a nuclear conflict. US Treasury yields have stabilized after yesterday’s decline, and Gold’s rebound has also stalled. Attention now turns to

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Gold December futures contracts at MCX opened flat today at Rs 75,537 per 10 grams, down by 0.07% or Rs 50, while silver December futures contracts were trading at Rs 89,752/kg, down by almost 1% or Rs 868. Gold prices have risen by Rs 2,300/10 grams in the last week, while silver prices surged by

Sterling posted modest gains today after the UK reported stronger-than-expected rebound in headline inflation for October. More importantly, both core CPI and services price growth also increased, indicating that underlying inflation is gaining momentum. This resurgence in inflation diminishes the likelihood of BoE implementing another rate cut in December. Market expectations have adjusted accordingly, with