Posts in category Economic Times
Hot inflation may put Fed rate cut in thick of election season (12-04-2024)
Rate futures markets now show investors see a first rate cut as most likely occurring at the Fed's Sept. 17-18 meeting after data showed inflation through the entire first quarter of 2024 was stiffer than expected and had demonstrably slowed progress on bringing it back to the Fed's 2% target.
Japan repeats warning against excessive weak yen (12-04-2024)
Japanese Finance Minister Shunichi Suzuki said authorities were analysing not just recent yen declines but factors that are driving the moves, and repeated that Tokyo stood ready to respond to any excessive currency swings.
Gold prices hit record highs on safe-haven demand (12-04-2024)
Spot gold was up 0.6% at $2,386.38 per ounce, as of 0111 GMT. Bullion hit a record high of 2,389.29 earlier in the session.
Oil prices head back up on Middle East jitters (12-04-2024)
Brent crude futures climbed 34 cents, or 0.38%, to $90.08 a barrel, while U.S. West Texas Intermediate crude futures rose 44 cents, or 0.51%, to $85.45, at 0033 GMT.
Big movers on D-Street: What should investors do with Canara Bank, Paytm and PB Fintech? (12-04-2024)
Stocks that were in focus included names like Canara Bank, which jumped nearly 0.62%, Paytm, which fell 1.16%, and PB Fintech, whose shares rose 3.22% on Wednesday.
Yen crumbles under towering dollar and US Treasury yields (12-04-2024)
The yen was last marginally higher at 153.17 per dollar, languishing near a 34-year trough of 153.32 per dollar hit in the previous session on the back of a surge in U.S. Treasury yields, which the dollar/yen pair tends to closely track.
S&P 500, Nasdaq end sharply higher on soft inflation data, eyes on earnings (12-04-2024)
Interest rate-sensitive megacaps gave the tech-heavy Nasdaq a decisive edge. The S&P 500 also closed in positive territory, while the Dow ended essentially unchanged.
Yen traders wary of intervention as Japan warns against drop (12-04-2024)
Following weeks of flirting with the closely watched 152 level versus the greenback, the yen blew straight through this mark on Wednesday and all the way to 153 as US inflation data reverberated through global markets.