Posts in category Economic Times
BOJ may raise rates in July depending on data, says Governor Ueda (18-06-2024)
In a parliamentary address on Tuesday, Bank of Japan Governor Kazuo Ueda hinted at the possibility of an upcoming interest rate increase, contingent upon forthcoming economic indicators. Ueda emphasized the necessity for further evaluation to ascertain if underlying inflation trends align with the central bank's 2% target over the long term.
Dollar wobbles as markets await more Fed clues; RBA meeting in focus (18-06-2024)
The dollar weakened against the euro and sterling as concerns about a far-right French government eased. Market focus shifted to key reports and comments from the Federal Reserve for rate cut clues.
GameStop shares tumble after CEO says store network will shrink (18-06-2024)
GameStop shares fell 11.6% after CEO Ryan Cohen hinted at operating fewer stores without detailing cash plans. Cohen aims for a more profitable business with a smaller network and value-added items.
Gold prices edge higher as US Treasury yields soften (18-06-2024)
Gold prices rose slightly on Tuesday as Treasury yields dipped, with investors awaiting economic data and comments from Federal Reserve officials for insight on the U.S. central bank's interest rate cuts.
Asia shares push higher; Aussie firm ahead of RBA rate decision (18-06-2024)
Asian stocks rose ahead of the RBA's policy decision, with expectations for the central bank to maintain rates and provide guidance on a potential easing cycle.
Oil up on firming demand, Mideast tensions underpin risk premium (18-06-2024)
Oil prices rose on Tuesday due to a stronger demand outlook and investor confidence in OPEC+ producers. Global benchmark Brent crude futures and U.S. West Texas Intermediate crude futures were up, closing at their highest since April.
What to expect from the Budget going forward? Sanjiv Puri answers (18-06-2024)
So, we are on a solid foundation because of certain initiatives that have taken place. It is not that it just happened like that. So, there is a reason for which and it sets the economy on a solid foundation.
S&P 500, Nasdaq hit record closing highs ahead of data, Fed comments (18-06-2024)
The S&P 500 and Nasdaq hit record highs fueled by technology shares and AI enthusiasm ahead of economic data and Fed speeches.
A break above 23,500 may clear Nifty’s path to 24,000 (18-06-2024)
Technical charts, options data, and India VIX levels suggest possible consolidation for the Nifty within the 23,200-23,600 range this week. If the index anages to close decisively above 23,500, it could move towards 24,000, analysts said. M&M, TVS Motors, Bharti, Indian Hotels, ICICI Lombard, Cipla, JB Chemicals, harmabees, and Hindustan Zinc are some of the stocks recommended by the analysts for trading.