39th record close for the Nasdaq, 40th for the Dow and 60th for the S&P The three major indices closed at record levels once again. For the year, the NASDAQ closed at a record level for the 39th time Dow industrial average closed at a record level for the 40th time S&P index closed at a record
Data published Monday by Australia’s Roy Morgan from their survey for October 2021. expected inflation 4.8% annually over the next two years This is up 0.3% points, and the highest Inflation Expectations for seven years) since November 2014) 1.3% points higher than a year ago in October 2020 up 5 months in a row Roy
New Delhi: With Diwali round the corner, buying gold on this auspicious occasion is discussed in several Indian households. However, the precious metal has been missing its charm recently. It has remained in a tight range, though it outperformed other asset classes in the pandemic-hit 2020. Domestic gold imports witnessed a sharp jump but strong
President Joe Biden delivers remarks on his Build Back Better agenda from the East Room of the White House after meeting with members of the House Democratic Caucus at the U.S. Capitol earlier in the day on Thursday, Oct. 28, 2021 in Washington, DC. Kent Nishimura | Los Angeles Times | Getty Images The latest
DXY picks up bids to consolidate Monday’s losses, justifies bullish candlestick formation, MACD signals. 100-SMA adds to the downside filters before two-week-old horizontal support. Bulls eye October’s peak, monthly high can test short-term traders. US Dollar Index (DXY) takes the bids to refresh intraday high around 94.00, up 0.09% on a day during early Tuesday.
The November FOMC meeting would see the Fed making a formal announcement on QE tapering. We expect the plan would begin immediately and is expected to end by mid-2022. The Fed funds rate will stay unchanged at 0-0.25%. The market has priced in over 60% of a rate hike in June 2022. This appears unlikely
100 and 200 hour MAs at 113.88. 2018 swing high at 114.544 Current price between the levels The USDJPY has moved higher on the day and in the process moved away from its now converged 100 and 200 hour moving averages near 113.888. Those two moving averages have converged as the price consolidates between 113.21 and 114.69 (see
Manufacturing falls in the final revision Prelim was 59.2 60.7 prior Chris Williamson, Chief Business Economist at IHS Markit said: “October saw US manufacturers report yet another near-record lengthening of supply chains, with shortages of components constraining production growth to the lowest since July of last year. Around half of all companies reporting lower production
Fast-food chain Burger King has partnered with Robinhood to give away free cryptocurrency to its customers — offering a compelling sign that appetites for digital assets are growing. From Nov. 1 through Nov. 21, Burger King customers in the United States who spend $5 or more will be given free crypto, primarily in the form
New Delhi: Gold prices declined marginally by Rs 10 to Rs 46,673 per 10 gram in the national capital on Monday amid muted global trends, according to HDFC Securities. The precious metal had settled at Rs 46,683 per 10 gram in the previous trade. Silver also declined by Rs 230 to Rs 63,014 per kg
People walk past the Federal Reserve building on March 19, 2021 in Washington, DC. Olivier Douliery | AFP | Getty Images As inflation escalates, traders are expecting a more aggressive response from the Federal Reserve than policymakers are currently indicating. The market Thursday morning briefly priced in a slightly better-than-even chance that the Fed hikes
Here is what you need to know on Monday, November 1: A new month and immediately we look to set yet more records. November and December have history on their side as bullish months and with a record inflow of company buybacks starting it will be hard to round up this bull just yet. Headwinds
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Japan’s Nikkei index surges sharply by over 2% in Asian session, in very positive response to the easy win of the Liberal Democratic Party in Sunday’s election. Prime Minister Fumio Kishida’s LDP retained comfortable majority in the House of Representatives, ensuring continuity of the economic policies. While other Asian markets are mixed, Yen is trading
Amazon and Apple are still lower but the NASDAQ index has turned positive The NASDAQ index has erased its declined on the day and has turned positive. The index is currently trading up 8.37 points or 0.58% at 15456.89. The index at the lows traded to 15323.30. That took the price down 124.8 points or -0.81%. Yesterday the
An energy analyst at KPMG says OPEC+ is most likely to stick with the earlier agreed top plan of a 400,000 barrel per day increase. But the group may ponder increasing the amount “marginally, or more substantially,” by 600,000 barrels to 1 million barrels per day Countering the argument OPEC+ may consider boosting output above 400k
(This story originally appeared in on Oct 29, 2021) CHENNAI: Demand for gold may have dropped 7% globally during the July-September quarter, but there was no dent in purchases of the yellow metal in India, rising 47% to over 139 tonnes by volume. The growth was driven by falling Covid infection rates, which pushed people