The Hang Seng tech index is up by roughly 20% today and that is sending the main index soaring by 8% as sentiment in Chinese stocks turn after a dismal past few weeks. The Shanghai Composite is also up by 3% on the day currently. Of note, the Hang Seng is finding support from the
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NEW DELHI: Gold prices fell on Wednesday as safe haven demand eased after Ukraine said it sees a possible room for compromise in talks with Russia even as Moscow stepped up bombardment. The price fall was, however, restricted ahead of the outcome of the Federal Reserve policy later in the day. On Wednesday, gold futures
Dollar is digesting some of this week’s gain as markets are awaiting FOMC rate hike and economic projections. There are a lot questions to be answered given the uncertainty over inflation and the economic impact of Russia invasion of Ukraine. As for today, Aussie and Euro are the stronger ones while Dollar and Yen are
Crude oil is trading above and below the 50% midpoint The price of WTI crude oil futures are settling at $96.44. That is down $6.57 or -6.38%. The low for the day reached $93.53. The high was around $9 higher at $102.58. Looking at the hourly chart above, the price today fell below the 50%
Prices in India, the world’s biggest consumer after China, have rallied in the past month in line with the overseas markets as investors sought safe havens following Russia’s invasion of Ukraine. The country imports almost all the bullion it consumes and costs are rising as the Indian currency trades near a record low. “Buyers have
Euro and Sterling are the relatively stronger ones today, but gains are so far limited. The rallies are still capped by the war uncertainties. Economic data is not really playing a role here, considering the UK job data was solid while German economic sentiment plunged. Meanwhile, Canadian Dollar and Swiss Franc are the softest ones,
This is with regards to the quasi-state of emergency measures that is in place until 21 March. The omicron outbreak in Japan has appeared to move past its peak already so this is an understandable decision. It will only be a matter of time before Japan opens up and transitions to the endemic phase. ADVERTISEMENT
NEW DELHI: Gold prices dropped on Tuesday, nearing their weekly lows as the US Treasury yields spike ahead of an expected rate hike from Federal Reserve on Wednesday. Peace talks between Russia and Ukraine also dampened the bullion’s appeal. Russian and Ukrainian delegations held a fourth round of talks on Monday. Gold futures on MCX
Sentiment is mixed overall as Russia invasion of Ukraine is continuing. Asia is split into two world, with Nikkei and Singapore markets steady. But Hong Kong and China stock markets are in steep selloff again, after US warned China of helping Russia of easing the impact of sanction. The upbeat Chinese data are generally ignored.
Saudi Arabia has to be wondering if what happened to Russia can happen to it. The Kingdom has been an ally of the US and was the first place Donald Trump visited but Bin-Salman was undoubtedly ratteld by the Jamal Khashoggi fallout and watching the social media pressure heaped to do more on Russia after
New Delhi: Gold on Monday declined by Rs 362 to Rs 52,443 per 10 grams in the national capital in line with its weak international prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 52,805 per 10 grams. Silver also tumbled Rs 612 to Rs 69,665 per kg from
European stocks are recovering mildly as Ukraine is going to have another round of talks. But overall sentiment is vulnerable is Russia continues massive shelling and there is no sign of a real stop in its invasion. In the currency markets, Yen’s broad based decline continues today, but Aussie is the weakest, partly weighed down
Prior +2.3% Wholesale price index +16.6% y/y Prior +16.2% Another month, another rise in wholesale prices and that just continues to reaffirm the building cost pressures that will be fed into consumer inflation in the German economy. Just be wary that the Russia-Ukraine developments were not contained in this release, so that just compounds the
NEW DELHI: Gold prices dropped on Monday following a rise in US Treasury yields on the back of rate hike expectations by the US Fed later this week. Higher hopes of truce between Russia and Ukraine, pushed the appetite for riskier assets higher, which further dented bullion’s appeal. Gold futures on MCX were trading lower
Dollar is lifted by risk aversion sentiment in Hong Kong and China in Asian session today. The greenback’s strength is particularly apparent against Yen, Aussie and Kiwi. Euro is trying to recover against others but such recovery remains weak. The uncertainty over Russia invasion of Ukraine will continue to cap Euro’s rebound. The economic calendar
NEW DELHI: India’s National Stock Exchange (NSE) said on Saturday it planned to set up a new domestic spot gold exchange that would bring more efficiency and transparency to bullion pricing. NSE will create the exchange together with the India Bullion and Jewellers Association, which represents industry members in the world’s second largest consumer of
Ryabkov was speaking with Russia’s Channel One broadcaster, comments reported by Russia’s state news agency TASS: “We warned the United States that pumping Ukraine with weapons from a number of countries orchestrated by them is not just a dangerous move, but an action that turns the corresponding convoys into legitimate targets” CNBC has a little
Russia urged India to deepen its investments in the sanction-hit country’s oil and gas sector, and is keen on expanding the sales networks of Russian companies in Asia’s third-largest economy. Russia’s economy faces its deepest crisis since the 1991 collapse of the Soviet Union, as the West imposes severe sanctions over Moscow’s invasion of Ukraine.