The trade in the first half of the year was to sell stocks and buy oil. That’s shaping up to be the trade of Q4 as well. WTI crude oil are up 5% today and briefly touched $93.00, which is the highest since August 30. It’s also come on a day with a strong US
News
Pulses prices have shot up during the recently concluded monsoon season, especially Kharif pulses, owing to lower production estimates compared to the last year, propelled by the erratic rainfall distribution in the key producing states like Maharashtra and Karnataka, and lower crop area this year as farmers shifted to competitive crops. Tur (Arhar) dal prices
Markets: Gold down $16 to $1695 US 10-year yields up 6 bps to 3.88% WTI crude up $4.06 to $92.51 S&P 500 down 115 points to 3629 USD leads, NZD lags The Fed-pivot talk went down in flames today and it didn’t even take a big surprise in the jobs report. The headline was basically
Gold prices have been on the rise recently, hovering around Rs 51,000 mark. The yellow metal has gained value, rebounding after six months of consecutive decline. For the last six months prices were on a declining spree. It was the rising interest rates which was actually driving the dollar index on the higher trajectory and
Dollar rises broadly after US published another set of robust non-farm payroll job data. As Fed got a nod from the report for continuing its aggressive tightening, US stock futures are trading knocked down while treasury yields jump. Canadian Dollar is also lifted slightly by solid employment data too. In immediate actions, Euro and Swiss
It’s an earlier than usual finish for me today, so I’ll leave you with the Newsquawk US Market Open Preview and wish you all an amazing weekend. Summary European bourses are modestly on the backfoot, though have trimmed this slightly as the session progresses, in limited newsflow pre-NFP. Stateside, futures are similarly contained and lie
Gold price in the national capital rose Rs 37 to Rs 52,300 per 10 grams on Friday amid depreciation in rupee, according to HDFC Securities. In the previous trade, the precious metal had touched Rs 52,263 per 10 grams. Silver also gained Rs 311 to Rs 62,022 per kg from Rs 61,711 per kg. The
The forex markets are still staying in consolidative mode for now, awaiting guidance from US non-farm payrolls. For now, some Fed hawks are rather clear that there’s seeing no case for slowing down tightening yet. Fed fund futures are pricing in over 70% chance of another 75bps hike in November. But such expectations could be
Earlier: Fed’s Waller wants continued rate hikes until meaningful, persistent progress on inflation Governor Christopher Waller is a member of the Federal Reserve Board of Governors, more remarks: the longer inflation stays up and the more aggressive the Federal Reserve has to be the less likely a soft landing will be I think there is
india: Losing Sheen: India’s gold imports drop 30% in September despite festive season – The Economic Times Video | ET Now ET Now | 06 Oct 2022, 09:00 PM IST Embed <iframe mozallowfullscreen=”true” webkitallowfullscreen=”true” allowfullscreen=”true” width=”560″ height=”420″ frameborder=”0″ src=”/videodash.cms?autostart=1&msid=94687843&rlvideo=1808152121″></iframe> Despite the festive season, India’s gold imports have fallen, compared to the previous year. India imported
The forex markets are very quiet today, with major pairs and crosses stuck inside yesterday’s range so far. Dollar is trying to recover but lacks sustained buying. Traders are clearly holding the bets before tomorrow’s non-farm payroll report. As for the week, the greenback remains the worst performer, followed by Yen and Swiss Franc. Commodity
As usual, when I fill in for Justin on the European Desk, I try and pull in some favours and provide you guys with some premium content, and my friend Andrea Paltry has permitted me to share today’s NatGasWeather.com Daily Report It’s well worth checking out if you have an interest in energy markets Full
Gold prices jumped by Rs 497 to Rs 52,220 per 10 grams in the national capital on Thursday amid a global rally in the metal and depreciation in the rupee, according to Securities. In the previous trade, the precious metal had settled at Rs 51,723 per 10 grams. Silver, however, slipped by Rs 80 to
Dollar traded with an undertone in Asian session together with Yen and Swiss Franc. The pull back in US stocks overnight turned out to be shallow and brief. Major indexes managed to pare back much of earlier losses to close just slightly lower. Investors seemed to be just cautious ahead of Friday’s job report. Meanwhile,
This is via Bloomberg (gated) on hedge funds using computer-driven algorithms in the current market: are emerging as one of the biggest winners among hedge fund strategies this year “Things are breaking,” said Douglas Greenig, whose firm Florin Court Capital in London runs a quant funds that’s up 24% this year. “In this context, investors
A panel of OPEC+ ministers recommended a cut to the group’s output limits of 2 million barrels day as they seek to halt a slide in oil prices caused by the weakening global economy. The recommendation from the cartel’s Joint Ministerial Monitoring Committee will be discussed by ministers later on Wednesday before they make a
This week’s rebound in global stock markets is losing momentum, as major European indexes and US futures are trading lower. Dollar recovers and lead Yen and Swiss Franc higher. Meanwhile, the rebound in Sterling also appears to have exhausted. Aussie and Loonie are following the Pound and next weakest while Kiwi is supported by RBNZ
The always awesome Newsquawk US Market Open: European bourses/US futures under pressure amid a firmer USD & further debt downside Full Note Summary: European bourses are under pressure following the strong gains seen in Tuesday’s session with fresh newsflow fairly limited heading into key US data, Euro Stoxx 50 -1.1%. Stateside, ahead of those metrics