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Asian financial markets are displaying significant divergence today. Japan’s Nikkei index has plummeted over -4%, reacting sharply to the ruling Liberal Democratic Party’s election results from last Friday. Shigeru Ishiba, the newly elected LDP leader and Japan’s incoming Prime Minister, attempted to soften his previously hawkish stance on the BoJ monetary policy during a interview

Manufacturing PMI from Japan for September 2024, the final from S&P Global / Jibun Bank. Another contraction result. Preliminary is here: The key points in the report: Output levels fall for second time in three months Slowest rise in employment levels in current seven month sequence Output charge inflation reaches lowest since June 2021 This

Tata Steel has ceased steel-making operations at Port Talbot in the UK with effect from Wednesday, after it shut down the remaining blast furnace, the sinter plant, and some secondary steel-making and energy systems. The largest producer of steel in the region had already shut a blast furnace and coke ovens earlier this year after

Forex market activity was relatively subdued during European trading hours, with Euro recovering against both Sterling and Swiss Franc despite lower-than-expected inflation reading from Germany. However, the common currency continues to face resistance in breaking out of its range against Dollar. Markets will keep a close eye on ECB President Christine Lagarde, who is set

Americans are cleaning up from Hurricane Helene and it looks like it will be a long rebuilding effort in some parts of the country. The respite might be short for hurricane watchers as a late-starting hurricane season looks like it stay busy. There are a couple of harmless storms turning north in the mid-atlantic but

Gold December futures contracts at MCX opened flat today at Rs 75,942 per 10 gram, which is up by 0.3% or Rs 224 while silver December futures contracts were trading at Rs 91,569/kg, up by 0.19% or Rs 171. On Friday, gold and silver settled on a weaker note in the domestic as well as

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 has been shining all through the year and the recent performance from the lows made on July 25 in the international as well as domestic markets and the rise in momentum upwards of around 12% approximately (on Comex as well as on the MCX) as on September 27, 2024 suggests that these asset class

UPCOMING EVENTS: Monday: Japan Industrial Production and Retail Sales, Chinese PMIs, German CPI, Fed Chair Powell. (Canada on Holiday) Tuesday: Japan Unemployment Rate, BoJ Summary of Opinions, Australia Retail Sales, Swiss Retail Sales, Swiss Manufacturing PMI, Eurozone Flash CPI, Canada Manufacturing PMI, US ISM Manufacturing PMI, US Job Openings. (China on Holiday) Wednesday: Japan Tankan

A surprise U.S. rate cut, a record peak in gold prices, Chinese economic stimulus, and escalating tensions in the Middle East have bolstered the appeal of silver. Prices at the benchmark London spot market breached a 12-year high of $32.50 an ounce, while in the domestic futures market, it is well above Rs 93,500 per

Unexpected developments from Asia significantly influenced global financial markets last week. China’s surprise stimulus measures invigorated investor sentiment, leading to substantial gains in Chinese and Hong Kong equities, as well as strengthening Chinese Yuan. This positive shift boosted commodity-linked currencies, with New Zealand Dollar and Australian Dollar emerging as the top performers for the week.

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

Indian Railway Finance Corporation Share Price 156.81 04:00 PM | 27 Sep 2024 -0.04(-0.03%) Suzlon Energy Share Price 81.09 04:00 PM | 27 Sep 2024 -0.75(-0.92%) Indian Renewable Energy Development Agency Share Price 232.19 04:00 PM | 27 Sep 2024 7.69(3.43%) Tata Motors Share Price 993.0 04:00 PM | 27 Sep 2024 -0.15(-0.02%) YES Bank

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

Fueled by China’s stimulus, beginning of the Fed’s easing cycle, and rising industrial demand, silver prices have touched fresh record highs above Rs 94,000-mark with experts now predicting a climb to Rs 1 lakh/kg by late 2024 or early 2025. With buying momentum remaining strong in international markets as well for the past few weeks,

Risk-on sentiment returned to global markets again in early US trading, driven by lower-than-expected inflation data. While annual PCE core inflation edged up to 2.7%, the monthly increase was a modest 0.1%. This tamer monthly inflation growth suggests that underlying price pressures would, at least, not obstruct Fed’s to another aggressive rate cut at its

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

. Continuing a firm momentum for the third straight session, gold prices rose Rs 50 to hit a fresh high of Rs 78,300 per 10 grams, according to the All India Sarafa Association. On Thursday, the precious metal had finished at Rs 78,250 per 10 grams. Silver also jumped Rs 500 to Rs 94,500 per