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Crude oil futures are settling the day and $76.84 that is up $0.65 or 0.85%. For the trading week, the prices closing up $3.32 or 4.51%. The gain this week comes after four straight weeks of declines. The low price it this week reached $71.67 which was the lowest level since February 5. The price

Indian Railway Finance Corporation Share Price 179.79 03:59 PM | 9 Aug 2024 -1.13(-0.63%) One97 Communications Share Price 510.85 03:59 PM | 9 Aug 2024 2.36(0.47%) YES Bank Share Price 23.94 03:59 PM | 9 Aug 2024 0.02(0.09%) ITC Share Price 495.9 03:59 PM | 9 Aug 2024 1.15(0.24%) HDFC Bank Share Price 1650.2 03:59

The global financial markets started last week in a state of panic, driven by a sharp selloff in stock markets, with Japan’s Nikkei index experiencing particularly heavy losses. However, as the week progressed, this initial wave of panic appeared to subside, with market sentiment stabilizing somewhat. This calmness, however, should be viewed with caution. The

With less than an hour left to go in trading, the broader stock indices are trying to fight its way to a positive close for the trading week. Both the S&P and NASDAQ indices are currently on pace for a negative close. If it remains that way, it would represent the fourth consecutive down week

Demand worries amid economic recession fears dragged down oil prices, but losses were limited due to the potential loss of supplies from the Middle East and an unexpected drawdown in US crude inventories.The Asian benchmark Brent crude dropped to a low of $75.05 a barrel last week, its lowest level since January. A similar selloff

The US stock market rebounded notably overnight, with all three major indexes closing higher. However, this positive momentum didn’t carry over to the Asian session, where major markets are trading mixed. Despite the gains in the US, the price actions this week still appear more corrective than not, indicating that selling pressure has only temporarily

It seems like ages ago, but on Monday, it seemed like markets were on the precipice. The Japan’s Nikkei 225 index on Monday fell -12.4% and analysts were figuring out where the circuit breakers would be. There were chatter on how the Fed needed to have an emergency meeting and cut rates by 75 basis

Indian Railway Finance Corporation Share Price 179.79 03:59 PM | 9 Aug 2024 -1.13(-0.63%) One97 Communications Share Price 510.85 03:59 PM | 9 Aug 2024 2.36(0.47%) YES Bank Share Price 23.94 03:59 PM | 9 Aug 2024 0.02(0.09%) ITC Share Price 495.9 03:59 PM | 9 Aug 2024 1.15(0.24%) HDFC Bank Share Price 1650.2 03:59

As we move into US session, safe-haven currencies like Yen, Swiss Franc, and Dollar are showing modest gains, driven by weaker stock futures and treasury yields. However, momentum behind these currencies remains unconvincing, with trading sluggish across the board. Most major pairs and crosses are confined within the ranges established yesterday, reflecting a cautious market

The major US stock indices are trading mixed in early action. The NASDAQ and the S&P are little changed. The Dow industrial average is lower. A snapshot of the market 11 minutes into the open and showing: Dow industrial average -125.70 points or -0.32% at 39320.80. S&P index -2.89 points or -0.05% at 5316.41. NASDAQ

Gold price rallied Rs 1,100 to Rs 72,450 per 10 grams in the national capital on Friday, taking cues from the global market and a rise in domestic demand. In the previous session, the precious metal had settled at Rs 71,350 per 10 grams. Silver prices also jumped Rs 1,400 to Rs 82,500 per kilogram

The financial markets are relatively quiet in Asian session today, with major currency pairs and crosses trading within yesterday’s range. BoC’s summary of deliberations suggested that the central bank is on track for further policy loosening. Meanwhile, BoJ’s summary of opinions indicated the board is preparing for more rate hikes. Comments from RBA’s Governor reiterated

Inflation, both CPI and PPI, data from China for July 2024 The m/m PPI is -0.2% This data comes in higher than expected for CPI, and also (not as negative as expected) for PPI. The pick up in consumer inflation moves the danger of deflation in China little further away. It also suggest some improvement

August’s seasonal strength in gold might be influenced by some specific events this month, including US election developments, the Jackson Hole Symposium and Nvidia’s earnings call, even as the current equity rout is playing out in favour of gold, according to World Gold Council (WGC). In its gold market commentary released on Thursday, WGC said,

Forex trading continues to be subdued today, with Dollar gaining slightly in the early US session after better-than-expected jobless claims data. This data is particularly crucial as market participants are closely monitoring employment figures following the triggering of the Sahm Rule, which signals potential rapid employment deterioration leading to a recession. However, so far, there

Last weekend earlier this week, bad news was bad news. Today there was good news in the form of initial jobless claims ticking back to 233K from 250K last week. The expectations was for 240K. That has helped to push stocks higher as good news is good news. A snapshot of the market is showing:

Gold October futures contracts at MCX opened flat on Thursday at Rs 68,860 per 10 gram, which is up by 0.15% or Rs 105 while silver September futures contracts were trading at Rs 79,019/kg, up by 0.15% or Rs 119. In this week so far, the prices of gold have fallen by Rs 1,000/10 gm

New Zealand Dollar surged strongly today following much better than expected Q2 employment data.. Speculations of an early rate cut by RBNZ next week now seem exaggerated. Major banks still expect RBNZ to start easing monetary policy this year, with consensus pointing to the November meeting. However, there’s still a possibility that RBNZ could signal