Biden comments after meeting with Putin We discussed in detail the next steps on arms control measures He told Putin that critical infrastructure should be off limits We agreed to ask experts to work on specific understandings about what’s off limits on cyber Says meeting with Putin was pretty straightforward. Tone was good and positive
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Domestic gold rates moved higher on Wednesday as equities retreated from record levels ahead of the release of the US central bank’s policy statement following a two-day meeting. Market participants keenly watched out for any signs of early tapering of stimulus in the world’s largest economy. MCX gold futures rose by Rs 140 to Rs
Dollar softens quite notably in early US session as markets await FOMC rate decision. Though, Swiss Franc and Euro appear to be slightly weaker. On the other hand, Kiwi and Aussie are strengthening mildly but Canadian Dollar shrugs off stronger than expected consumer inflation data. Sterling also firms up mildly earlier today, but lacks follow
The market continues to take a more bullish view on oil It is tough to fight the momentum in the oil breakout as price soared once again yesterday with Brent now looking towards $75 and WTI breaking above $72. If anything, the pace of the rise is what may be a little concerning but the
TOKYO: Oil prices rose on Wednesday, with Brent gaining for a fifth consecutive session, as falling stockpiles and a recovery in demand encouraged investors. Brent crude was up 69 cents, or 0.9%, at $74.68 a barrel by 0200 GMT, having risen 1.6% on Tuesday. U.S. crude gained 66 cents, or 0.9%, to $72.78 a barrel,
Yen trades broadly overnight on strong risk appetite, with NASDAQ and S&P 500 closing at new record highs. And it remains generally soft in Asian session. Some selling in seen in Australian Dollar after RBA minutes, but loss is very limited. Other commodity currencies are indeed trying to firm up, which helps floor the Aussie.
Auction at 1 PM ET The U.S. Treasury will Sell $24 billion of 20 year bonds at 1 PM ET. The current 20 year WI yield is trading at 2.13%. The averages for the key components over the last six auctions shows: Bid to cover: 2.33X Dealers: 24.5% Indirects: 58.0% Directs: 17.5% The bid to cover represents the total amount of
LONDON: Copper prices slid to seven-week lows on Tuesday as traders and funds cut bets on higher prices due to growing nervousness that top consumer China would soon move to curb further price rises. Benchmark copper on the London Metal Exchange was down 3.9 per cent at $9,587 a tonne in official trading. Prices of
Dollar jumps in early US session after strong, record making, PPI inflation data. The worse than expected retail sales and manufacturing data were shrugged off. Yen and Euro are following as next strongest for now. Sterling continues to be weighed down by delay in reopening and it’s trading and worst ones a long with commodity
EU proposes US to be added to the white list of countries of which non-essential travel to Europe is allowed The proposal is also said to also involve other countries such as Albania, Hong Kong, Lebanon, Macau, Macedonia, Saudi Arabia, Serbia, and Taiwan. EU member states are reported to have at least until 5pm tomorrow
Gold prices steadied on Tuesday, after falling to a near one-month low in the previous session, as investors awaited the US Federal Reserve meeting for further clarity on rising inflation and monetary policy going forward. Spot gold was flat at $1,866.15 per ounce, as of 0052 GMT, after falling to its lowest since May 17
The forex markets continue to be generally quiet today, stuck inside Friday’s range. Sterling is mildly lower on talks that UK Prime Minister Boris Johnson is going to delay easing of restrictions due to rise in the Delta variant infections. Yen is also trading lower together with Swiss Franc. Commodity currencies are generally firm, with
German Dax lags (unchanged on the day) The major European indices are closing the day with gains. The exception is the German DAX which is closing near unchanged levels. The provisional closes are showing: German DAX, unchanged France’s CAC, +0.3% UKs FTSE 100, +0.3% Spain’s Ibex, +0.9% Italy’s FTSE MIB, +0.2%. In other markets as European traders look
Gold prices fell more than 1 per cent on Monday, weighed down by a stronger dollar and easing concerns about inflation, while investors awaited cues from the US Federal Reserve’s policy meeting due later this week. Spot gold fell 1.4 per cent to $1,849.98 per ounce by 1217 GMT, after hitting its lowest since May
We do not expect the Fed talk about tapering at this week’s meeting. Policymakers would likely hint more about it at the Jackson Hole symposium in August while a formal announcement would be made at the September FOMC meeting. Rather, we are more interested in its view on the rapid increase in both headline and
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Gold prices fell to a more than one-week low on Monday, weighed down by a stronger dollar as focus turns to the Federal Reserve policy meeting this week with recent spikes in U.S. consumer prices seen as a temporary blip. Spot gold was down 0.5% at $1,867.51 per ounce, as of 0119 GMT, its lowest