The sour mood in Chinese markets is reverberating At the lows in the past 20 minutes, the Hang Seng index was dragged down by over 5% and looks set for a real ugly close as fears surrounding regulatory measures on the tech and property sectors in particular are weighing. Adding to a crackdown on the
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NEW DELHI: Gold prices were steady on Tuesday as investors turned cautious ahead of this week’s US Federal Reserve meeting outcome for clues on when the central bank might rein in its easy monetary policies. Gold futures on MCX were down merely 0.03 per cent, or Rs 12, at Rs 47,449 per 10 gram. Silver
The forex markets are rather quiet in Asia, with major pairs and crosses stuck inside yesterday’s tight range. Risk sentiments are mixed. While US indexes extended the record runs overnight, Asian index are struggling, as dragged down by extended selloff in Hong Kong. Overall, European majors are generally firmer together with Yen. On the other
New York Sen. Chuck Schumer speaking The Democratic Senate leader Chuck Schumer is on the wires saying that he is committed to passing bipartisan infrastructure bill. The ads: Senate may stay in session through the weekend to finish the bill With 30 minutes left of trading in the US stock market, The major indices are
Pune: As Soybean futures contract on NCDEX has gone up by 21.77% during the past seven trading sessions and the upper circuit has been applied 4 times, industry body Soyabean Processors Association of India has written to NCDEX demanding that the circuit limit during the lean season should be limited to 2% per day. The
With no updates on median dot plots and economic projections, the focus of this week’s FOMC meeting would be the policy statement and the press conference. Since the June meeting, inflation has continued to accelerate. Market optimism was, however, overshadowed by the spread of Delta variant. Policymakers should likely acknowledge the strong economic developments but
Risk keeps more on the defensive side for now Eurostoxx -0.3% Germany DAX -0.5% France CAC 40 -0.6% UK FTSE -0.5% Spain IBEX -0.8% US futures are also mixed and leaning slightly more cautiously, with S&P 500 futures down 0.2% and Dow futures down 0.4%. Nasdaq futures are flat though, so that offers some mild
NEW DELHI: Gold prices in India bucked the global trend to trade marginally higher on Monday. However, gains were capped as the US dollar held firm and investors awaited the Fed’s FOMC meeting later in the week. Gold futures on MCX were up 0.19 per cent, or Rs 91, at Rs 47,625 per 10 gram.
Yen and Swiss Franc are trading mildly higher as the week starts. Heavy selling is seen in stock markets in Hong Kong and China. Yet, Japan came back from holiday with mild gains. Commodity currencies are generally soft, with Aussie leading the way down. Dollar and Euro are mixed for the moment. A focus today
New Delhi: Gold imports, which have a bearing on the country’s current account deficit, jumped multi-fold to $7.9 billion (Rs 58,572.99 crore) during the April-June 2021 quarter due to low base effect in the wake of the COVID-19 pandemic, according to data from the Commerce Ministry. Imports of the yellow metal had plunged to $688
NEW DELHI: Coriander prices on Friday rose Rs 64 to Rs 6,932 per quintal in futures trade as speculators widened their holdings tracking a firm trend at the spot market. On the National Commodity and Derivatives Exchange, coriander for August delivery went up by Rs 64, or 0.93 per cent, to Rs 6,932 per quintal
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Weekend covid news The market brushed aside a momentary covid panic last week but the episode put the pandemic back on the radar. The New York Times reports today that Biden officials now expect vulnerable people to need booster shots due to waning efficacy over time. So far they believe it will be limited to
Gold fell and was heading for a weekly dip on Friday as a stronger dollar, firmer yields and equity markets chipped away at its appeal. Spot gold fell 0.3% to $1,800.72 per ounce by 1:43 pm EDT (1743 GMT). U.S. gold futures settled 0.2% lower at $1,801.80. Bullion has shed 0.7% this week after briefly
It has been a very volatile week as risk markets were initial knocked down by fear of the infectious delta variant. But sentiment made an about-turn then, even with US indexes closing at record highs. Still, despite late recovery, Australian Dollar ended as the weakest one. Yen was surprisingly the second worst performing, given that
Forex news for North American trade on July 23, 2021: Markets: Gold down $6 to $1800 WTI crude oil up 13-cents to $72.04 US 10-year yields up 1.6 bps to 1.2847% S&P 500 up 44 points to 4411 NZD leads, JPY lags The FX market looked like it might tilt towards risk aversion early in
NEW YORK: Oil prices edged higher on Friday and for the week after a strong recovery from Monday’s steep slide, underpinned by expectations that supply will remain tight through the year. The price of oil and other riskier assets tumbled at the start of the week on concern over the impact on the economy and