Housing Loan market share has been decreasing over the years
Wall St Week Ahead: Investor focus turns to data, election, earnings after Fed cut (21-09-2024)
U.S. stocks face a challenging period with economic data, political uncertainty, and corporate earnings tests ahead. The S&P 500 recently hit an all-time high following a Federal Reserve rate cut but remains vulnerable to market swings, especially with the upcoming election and key economic reports on the horizon.
Dollar firms against yen after BOJ cautious tone over rate hikes (21-09-2024)
The dollar strengthened against the yen after the Bank of Japan left interest rates unchanged, while the U.S. dollar index saw a slight gain. The euro also rose against the yen but weakened against the dollar. Market reactions reflect cautious optimism about global economic growth.
Oil ends week higher as investors take stock of Fed rate cuts (21-09-2024)
Oil prices settled lower on Friday but achieved a second consecutive week of gains, supported by a U.S. interest rate cut and reduced supply. Brent futures closed at $74.49 per barrel, while U.S. WTI crude settled at $71.92. Economic concerns in China and Middle East tensions also influenced the market.
Gold breaks $2,600 barrier as Fed cut bets prolong historic run (21-09-2024)
Gold prices surged past $2,600 for the first time, driven by expectations of further U.S. interest rate cuts and rising Middle East tensions. Spot gold rose 1.3% to $2,620.63 per ounce, while U.S. gold futures increased by 1.2%. Analysts predict potential corrections but note geopolitical risks could sustain demand.
Asian markets track Wall Street record to extend global rally (21-09-2024)
Asian markets rose Friday to build on the latest global rally after a jumbo US interest rate cut this week, while the yen reversed earlier gains after the Bank of Japan decided against another hike. The yen strengthened to 141.74 per dollar after the BoJ announcement, but later reversed to hit 143.77 in afternoon Asian trade.
Equities end flat but Dow ekes out record in strong week (21-09-2024)
U.S. stocks closed nearly unchanged on Friday after a strong rally fueled by the Federal Reserve’s interest-rate cut. The Dow hit a record high, supported by Nike’s gains. Major averages secured weekly gains of at least 1%. Utilities surged, while FedEx plunged after lowering its revenue forecast.
Adani Total Gas raises over Rs 3,oo0 crore from global lenders to expand its city gas network (21-09-2024)
Adani Total Gas, a joint venture between Adani Group and Total Energies, has secured ₹3,131 crore ($375 million) from several international banks. This funding will accelerate the expansion of its city gas distribution network across 34 areas in 13 states, potentially benefiting up to 14% of India’s population.
Overseas funds pile money into Indian stocks again as bull run extends (21-09-2024)
The surge in inflows is also a sign of investors’ growing comfort with India’s equity valuation
Tata Steel commissions blast furnace at Kalinganagar (21-09-2024)
Tata Steel announced that it has successfully commissioned Phase II of blast furnace located at Kalinganagar, Odisha.