Posts in category Economic Times
Global stock index rises slightly while euro falls, yields up (11-06-2024)
MSCI's global equities index rose while investors awaited U.S. inflation data and central bank policy meetings. The euro fell after French President Emmanuel Macron called a snap election.
Indexes mostly edge up ahead of Fed meeting, CPI (11-06-2024)
U.S. stock indexes cautiously higher ahead of CPI report and Fed policy meeting.
Dollar firm ahead of key inflation test, Fed forecast update (11-06-2024)
The dollar strengthened against the euro and yen ahead of U.S. inflation data and Fed rate forecasts. Analysts expect minimal Fed rate cuts and a possible reduction in BOJ's bond purchases. Yen stability is crucial for Japan's inflation and wage growth efforts.
Oil prices extend rally on potential U.S. crude purchase for reserve (11-06-2024)
Oil prices rose on hopes of higher seasonal fuel demand and potential U.S. crude purchases for its petroleum reserve, supported by expectations of rising fuel demand this summer. Market focus is on the Fed's policy meeting and upcoming reports from OPEC and the International Energy Agency. Analysts expect Brent to rise to $86 a barrel in the third quarter.
India bond yields seen little changed ahead of inflation data, Fed meet (11-06-2024)
Indian government bond yields expected to remain stable as market watches inflation data in India and the U.S. and the Federal Reserve's monetary policy decision on Wednesday.
Ixigo public issue oversubscribed on opening day (11-06-2024)
Le Travenues Technology's IPO for online travel platform Ixigo was oversubscribed on the opening day, with bids for 85.5 million shares against 43.7 million available.
ARCs to see recoveries improve from stressed residential projects (11-06-2024)
ARC expected to see 5-7% increase in recovery rates of stressed residential projects. Recovery rates to reach 16-18% by March 2025 due to rising prices, demand, and investor interests.
India likely to cut interest rates ahead of US: Report (11-06-2024)
ICICI Securities Primary Dealership report suggests India may cut rates before the Federal Reserve, citing strong US employment data weakening the case for Fed easing.