The ebb and flow of dealmaking The White House has pushed for a ‘framework’ on a deal this week. Yesterday there was a report about Manchin threatening to leave the Democratic party, so this is certainly an improvement in tone. He also said a child tax credit is being negotiated and that a program is
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New Delhi: Capital markets regulator Sebi on Thursday asked investment advisers to refrain from dealing in digital gold, which is an unregulated product. This came after Sebi noted that some registered investment advisers are engaged in unregulated activity by providing a platform for buying, selling or dealing in unregulated products including digital gold. “Undertaking such
The report from the US Energy Information Administration (EIA) shows that total crude oil and petroleum products (ex. SPR) stocks slumped -9.81 mmb to 1228.91 mmb in the week ended October 15. Crude oil inventory slipped -0.43 mmb to 426.54 mmb, compared with consensus of a +1.86 mmb increase. Inventory slipped in 3 out of 5
Forex news for Asia trading on Thursday 21 October 2021 CAD, AUD and NZD all traded higher against the USD during the session here with still-solid oil prices underpinning especially CAD (see bullets above). EUR/USD has inched a little higher also while yen, CHF and GBP are all little net changed. There was not a
MELBOURNE: Oil prices turned down after the Chinese government flagged it was looking for ways to tame record high coal prices and that it would ensure coal mines operate at full capacity as Beijing moved to ease a power shortage. Chinese coal prices and other commodity prices slumped in early trade, which in turn pulled
European majors turn generally softer today, in particular, with Sterling paring some gains after strong but lower than expected consumer inflation data. Dollar also weakens with treasury yield dipping slightly while Yen is trying to recover. But overall, Kiwi and Aussie maintain their position as the best performer. US futures are pointing to a flat
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NEW DELHI: Gold prices traded higher on Wednesday ahead of the busy festive season, bucking the global trend. Surging US bond yields have dented the yellow metal’s appeal. Gold futures on MCX were trading higher 0.21 per cent, or Rs 100, at Rs 47,380 per 10 gram. Silver futures were marginally up 0.04 per cent
Yen continues to be under selling pressure, following the strong rally in US stocks overnight. Yen is additionally weighed down by rally in treasury yields. New Zealand Dollar is leading commodity currencies higher, while Australian and Canadian Dollars are also strong. Euro and Sterling are mixed for the moment, with Sterling having a slight upper
For the m/m no change, 0% (vs. prior +0.2%) The heightened concerns over the property sector kicked off by Evergrande’s debt repayment woes led to fewer bids for homes in China in September. Weighing on the figures somewhat for the September month. ADDED … to another decimal place the result is -0.08% m/m for new
Gold prices edged lower on Wednesday as surging U.S. bond yields dented the metal‘s appeal and bets for upbeat corporate earnings lifted risk-on sentiment. FUNDAMENTALS * Spot gold dropped 0.1% to $1,767.71 per ounce by 0100 GMT. The metal rose as much as 1.2% on Tuesday before giving up most of those gains as Treasury
Selling in Dollar and Yen persists again today. New Zealand Dollar is currently the biggest winner, on increasing expectation of RBNZ rate hikes. While Aussie is also strong, Sterling is slightly stealing the show too, with help from renewed buying against Euro. The cautious comments from ECB policymakers are not giving much support to Euro,
GBP/USD up 89 pips to 1.3813 today MUFG Research discusses GBP outlook and maintains a bearish bias into year-end. “The UK rate market moved to price in more front loaded rate hikes from the BoE following the hawkish comments from Governor Bailey over the weekend,” MUFG notes. “However, we are still sticking to our view
New Delhi: Gold in the national capital on Tuesday rallied by Rs 256 to Rs 46,580 per 10 gram in line with a jump in international precious metal prices, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 46,324 per 10 gram. Silver also jumped Rs 188 to Rs
Dollar’s selloff resumes in Asian session today, while Yen is also trading lower. Risk-on markets in Asia lift New Zealand and Australian Dollar. European majors are mixed for the moment, with Euro trying to recover against Sterling and Swiss Franc. The economic calendar is rather light today, and focuses will mainly be on the development
Curreencies are extending their gains against the dollar. EUR, GBP, AUD, NZD, CAD, yen and HF all on the rise. Onshore yuan, CNY, is at its highest against the dollar since mid-June. Coal futures have surged higher again in Chinese markets, extending record highs. Apart from what has already been posted there is no fresh
NEW DELHI: Gold prices traded firm on Monday, recouping some losses after a steep sell-off in the previous session. US bond yields and the dollar softened, restoring some of the precious metal’s appeal. Gold futures on MCX were trading up 0.18 per cent, or Rs 86, at Rs 47,299 per 10 gram. Similarly, silver futures
The forex markets are generally staying in consolidative mode today, with Euro and Swiss Franc trading mildly higher. Meanwhile, Aussie is leading other commodity currencies for retreats. Dollar is also trying to firm up with 10-year yield breaking above 1.62 handle. Yen, is also mildly higher with help from some pull back in stocks. Overall,