It looks like ECB is beating BoE in the race of hawkish surprise in a jam-packed day. Sterling spiked higher after four of the nine MPC members have indeed voted for a larger hike of 50bps. However, there was no clear follow through buying as BoE indicated there will only be “some further modest tightening”
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With Paypal yesterday and Meta today, two big names have taken a big fall – like > 25% fall in one day after earnings and guidance disappointments. After the close, Amazon will not only be one of the last big cap names to report (the last of the FAANG), but it will also represent the
New Delhi: Gold price in the national capital on Thursday gained Rs 37 to Rs 47,902 per 10 grams supported by rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,865 per 10 grams. However, silver tumbled Rs 536 to Rs 61,102 per kg from Rs 61,638 per
The forex markets are generally steady in Asian session, as traders await ECB and BoE rate decisions. Dollar is staying as the weakest for the week one after yesterday’s selloff, followed by Yen. Aussie and Euro are the strongest ones. There is upside prospect for Euro even if ECB delivers just a slight hawkish tilt.
Composite PMI 53.8 vs 54.3 prelim The reading reaffirms a return back to growth for the services sector after a more disappointing December reading, amid the spread of the omicron variant in Germany. Employment conditions remain solid so that is a positive takeaway but input cost inflation jumped once again, nearing the record high from
NEW DELHI: Gold prices were little changed on Thursday as US Treasury yields retreated after a dip in the jobs data. Investor focus now shifts to European Central Bank and Bank of England meetings later today. US private payrolls fell for the first time in a year in January as soaring COVID-19 infections disrupted business
Dollar tumbles broadly today as markets are staying in risk-on mode. Additional selling pressure is seen on the greenback after shocking poor ADP job data. On the other hand, Euro is lifted by another record reading in consumer inflation data. Sterling is following Euro as markets await tomorrow’s BoE rate hike. Aussie is slowing down
IMF Chief Georgieva is on the wires saying: geopolitical tensions make uncertain outlook for global economy more complicated already impact of Ukraine crisis on energy prices especially in Europe strict Western sanctions on Russia would inevitably create interruptions in our financial transactions are done hoping for pragmatism to prevailing crisis of Ukraine sanctions on Russia’s
New Delhi: Gold prices declined by Rs 125 to Rs 47,837 per 10 gram in the local market here on Wednesday in line with lower global prices, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,962 per 10 gram. Silver also declined by Rs 339 to Rs 61,477 per
Overall market sentiment turned more positive after Fed officials jumped out to talk down the prospect of a 50bps hike in March. Australia Dollar is trading broadly higher, following risk-on sentiment, and shrugs off cautious comments from RBA Governor. Euro is following as the second strongest for now but has lost much momentum in crosses
The dollar looked like it was set for a breakout on multiple fronts at the end of last week but suddenly, we’re seeing everything turn back on a series of a couple of false breaks. EUR/USD dropped below 1.1200 only to come back up to 1.1270 now, moving towards the 50.0 retracement level of its
LONDON: OPEC+ will likely stick to existing policies of moderate output increases on Wednesday, five sources from the producers’ group said even as it expects demand to rise to new peaks this year and as oil prices trade near their highest since 2014. The group, which comprises of the Organization of the Petroleum Exporting Countries
Dollar drops broadly today in rather mixed markets. Firmer risk sentiment might be a factor. Yet, Swiss Franc is currently the strongest, followed by Kiwi and then Aussie. Yen is also just steadily mixed. On the other hand, Canadian Dollar is also weak, without much support from stronger than expected GDP data. Euro is also
The US Secretary of State Blinken and Russian Foreign Minister Lavrov of met today in a meeting that lasted about 30 minutes: Blinken told Lavrov, if Russia does not intend to invade, this is the time to pull back troops from border with Ukraine US is open to continuing talks with Russia in bilateral, NATO
New Delhi: Gold in the national capital on Tuesday rallied Rs 333 to Rs 47,844 per 10 grams in line with firm global trends along with rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,511 per 10 grams. The rupee dipped 14 paise to close at 74.79
Australian Dollar dips broadly after RBA sounds surprisingly cautious regarding raising interest rates. But loss is so far very limited, as supported by improving market sentiment following strong rebound in US stocks overnight. Dollar is the second weakest, continuing to pare recent gains while Yen is also heading lower. Euro is currently a stronger one
Morning all, Equities went gangbusters yesterday, with the S&P 500 rising 1.9% on a steady advance, paced by the growth stocks. The Nasdaq Composite (+3.4%) and Russell 2000 (+3.1%) outperformed with solid gains of over 3.0%. Given the dire January, many have been keen to point to month-end rebalancing as the prime reason for this
NEW DELHI: Gold prices were trading flat on Tuesday, following the trend in the global markets as a weaker dollar countered concerns about potential interest rate hikes. Gold futures on MCX were flat, up by merely 0.03 per cent or Rs 12 at Rs 47,644 per 10 grams. Silver futures gained marginally by 0.05 per