Posts in category Economic Times
At multi-year highs: These 6 stocks witness 5-year swing high breakout (16-05-2024)
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Positive Breakout: Sundram Fasteners and 3 other stocks cross above their 200 DMA (16-05-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Big movers on D-Street: What should investors do with Siemens, Oil India and LIC? (16-05-2024)
Stocks that were in focus include names like Siemens India, which rose 6.33%, Oil India, which jumped 1.98%, and LIC, whose shares increased 6.82% on Wednesday.
Asia rides Wall St rally, dollar sags on US inflation relief (16-05-2024)
The data provided palpable relief to markets after higher-than-expected U.S. consumer prices in the first quarter had led to a sharp paring of rate cut bets, and even stoked some worries of an additional hike.
Gold prices edge higher as US dollar, yields soften (16-05-2024)
The dollar fell 0.2% against a basket of other major currencies, making gold more attractive for other currency holders. Benchmark 10-year Treasury yields hit their lowest in a more than one month.
Oil prices rise on moderate US inflation data, strong demand (16-05-2024)
U.S. consumer prices rose less than expected in April in a boost to financial market expectations for a September rate cut by the Federal Reserve, which could temper dollar strength and make oil more affordable for holders of other currencies.
Dollar sags as slower US inflation boosts rate cut expectations (16-05-2024)
Stocks and other risk-sensitive assets such as the Australian dollar led gains in the wake of the data release. The Aussie rose 1% overnight in its sharpest one-day jump for the year, and tacked on a further 0.1% in early Asia trade to hit a four-month high of $0.67.
Wall Street boasts record closes as inflation data fuels rate-cut bets (16-05-2024)
Tepid U.S. Consumer Price Index (CPI) data for April fueled optimism that inflation was easing after three months of higher-than-expected numbers. This led traders to raise bets that the Fed will cut its policy rate in September and December.