September 20, 2023 1:20 pm In advance of the Federal Reserve meeting on Wednesday, the Indian Rupee began the day strongly versus the greenback. On Wednesday, the local currency gained five pence to start at Rs 83.22 versus the US dollar. In response to rising crude oil prices, it had Monday’s closing rate versus the …
Intra-day update: rupee strengthens further against US dollar Read More »
Following a brief decline, oil prices increased on Thursday, propelled by fresh worries over a potential shortage of petroleum in 2023. WTI rose by 19 cents to $88.71, while Brent futures climbed 17 cents to $92.05 a barrel. According to the IEA, the prolonged output cutbacks by Saudi Arabia and Russia indicated a market deficit …
Oil prices tick up as markets zoom in on supply tightness Read More »
According to agency filings on Thursday, the U.S. Securities and Exchange Commission (SEC) has postponed making a decision on all spot bitcoin exchange-traded fund (ETF) applications until October. The applicants include BlackRock, WisdomTree, Invesco Galaxy, Wise Origin, VanEck, Bitwise, and Valkyrie Digital Assets. Bitcoin (BTC), which had already dropped significantly for the day, lost …
SEC Delays Spot Bitcoin ETF Decision for All Applicants Including BlackRock, Fidelity Read More »
In the absence of US markets yesterday, European markets failed to make gains as the early lift from a rally in Asia spurred by the China stimulus faded, despite basic resources outperforming. It appears that the European day’s late weakness will persist this morning. China’s market influence and Expectation on Fed to hold rates …
Services PMIs set to confirm contraction, RBA leaves rates unchanged Read More »
On the last trading day of August, Wall Street lost some of its early enthusiasm and the dollar rose as investors shifted their attention to Friday’s important jobs report and the widely anticipated inflation data failed to provide many shocks. The Three Major Indexes : US stocks The S&P 500 followed the Dow in the …
US stocks mixed as market looks ahead to jobs data Read More »
A whirlwind of bewilderment swept through Asian markets as Japan’s factory activity plummeted unexpectedly and China’s services sector displayed signs of vulnerability. Amidst the complex symphony of global economic dynamics, traders found themselves grappling with perplexing indicators that cast a shadow of uncertainty. Japan’s Manufacturing Conundrum: A Sudden Plunge At the heart of Asia’s industrial …
Asian Markets Lower After Japan Factory Activity, China Services Weaken Read More »
SEBI has released new guidelines in order to reinforce the current framework for cyber security and cyber resilience at market infrastructure organizations including stock exchanges, clearing companies, and depositories, Reason for launching new guidelines Stock exchanges, clearing organizations, and depositories are considered market infrastructure institutions by SEBI since they, among other things, offer the infrastructure …
SEBI releases new guidelines to improve cybersecurity framework for stock exchanges. Read More »
The U.S. dollar and Treasury rates declined on Thursday, reviving investor interest in gold as they wait to see what interest rate signals central bankers would provide at the Jackson Hole conference. Gold prices have already reached two-week highs. Gold hitted its high By 08:10 GMT, spot gold was up 0.3% and at $1,920 an …
Gold and silver prices gain as dollar and US treasury yields retreat from recent highs Read More »
The US Dollar beat its key competitors last week. Chinese Yuan and the Australian Dollar performed better than several of the major currencies, including the British Pound, Euro, and Canadian Dollar. When it came to commodities, gold did well while crude oil declined. Look back into the month Longer-term Treasury rates have accelerated relative to …
Markets Week Ahead: US Dollar, Gold, Euro, NFPs, Key Fed Inflation Gauge, China PMI Read More »
Due to the geopolitical unrest, the negative currency outlook, and the delayed earnings rebound. Morgan Stanley has lowered its target for key Chinese stock indexes. Recent cut and future prediction It decreased the Hang Seng China Enterprises Index aim to 7,320 from 8,250 and the MSCI China Index target to 70 from 80, suggesting gains …
Morgan Stanley cuts targets for China, Hong Kong stock markets Read More »
