Posts in category Economic Times
Oil prices slip despite OPEC+ production cut extension (03-06-2024)
Oil prices fell as OPEC+ extended output cuts, impacting Brent and WTI futures. Goldman Sachs analysts view meeting as bearish. Gaza conflict mediators urge Israel-Hamas ceasefire. Israel considers alternative to Iran-backed group.
Asia shares rally on hopes for more rate cuts this week (03-06-2024)
Asian share markets rose on Monday as investors anticipated rate cuts by the European Central Bank and possibly the Bank of Canada. Sticky inflation may prolong the easing process.
Gold holds steady as investors await US data for more Fed clues (03-06-2024)
Gold prices steadied as investors awaited U.S. economic data for clues on Federal Reserve's monetary policy easing. Spot gold stood at $2,326.86 per ounce and U.S. gold futures at $2,347.40.
Likely Modi win to boost Indian infrastructure, manufacturing stocks (03-06-2024)
Indian shares set to open higher on Monday as exit polls project third term for PM Narendra Modi. Gift Nifty at 23,353 points, indicating Nifty 50 to open higher. Market sentiment boosted by exit polls favoring incumbent government.
We expect rupee to be the best-performing Asian currency in 2024′ (03-06-2024)
India remains a top choice for global investors despite recent outflows, with a positive outlook for the Indian rupee and potential Fed rate cuts impacting the US dollar's performance.
RBI to face problem of plenty: Prepare for bond sales (03-06-2024)
The RBI's challenge for the year may not be inflation but liquidity. Government spending resumption and overseas fund flows complicate monetary policy effectiveness.