U.S. economic growth appears to be slowing, with consumer spending growing modestly, a rush of imports to avoid tariffs likely to weigh on estimates of gross domestic product, and sentiment souring, U.S. Federal Reserve Chair Jerome Powell said on Wednesday. “Despite heightened uncertainty and downside risks, the U.S. economy is still in a solid position,” … Read more
Adrian Mowat, EM-Equity Strategist, says he believes the US markets have topped out and they are going to struggle to make much progress this year. It is a good thing in the medium term, but we obviously have to deal with a lot of news flow around the US trade policy, around events in Russia … Read more
After reaching a new all-time high of Rs 88,310 per 10 grams on the MCX last week, gold April futures saw profit booking at elevated levels on Monday. As of 10:45 am, the contracts were trading 0.32% or Rs 278 lower at Rs 87,713 per 10 grams. Meanwhile, silver May futures on MCX managed to … Read more
President Donald Trump may have found a way to force the Federal Reserve to lower interest rates after all.It’s no secret that Trump wants lower rates. He also wants more say in monetary policy, even though he already has the power to name the Fed chair and two vice chairs, subject to Senate confirmation. It … Read more
India is not a major exporter of metals to the US, but any global price shift would surely impact the domestic pricing also, said Naveen Mathur, Director-Commodities & Currencies, Anand Rathi Share & Stock Brokers. We may see a glut with respect to the oversupply, he opined highlighting that the other countries may start dumping … Read more
Bond yields in Asia climbed after Federal Reserve Chair Jerome Powell signaled patience before cutting interest rates further and as investors look ahead to the upcoming CPI data. Treasuries fell across the curve on Tuesday, with money markets still fully pricing in one rate cut by the Fed this year. Australia’s 10-year yield rose six … Read more
The dollar firmed on Monday after U.S. President Donald Trump said he was set to impose new 25% tariffs on all steel and aluminium imports, putting pressure on the euro and the commodity-focused Australian and New Zealand dollars. Trump also said he will announce reciprocal tariffs on Tuesday or Wednesday, applying them to all countries … Read more
“So, the bond vigilantes, as I like to call them, are disagreeing with the Fed and basically arguing that the Fed might be stimulating an economy that does not need stimulating. And you know what? It looks like they are right because Fed officials have started to indicate that they may be going on pause … Read more
Central banks from Brazil to Indonesia scrambled to defend their struggling currencies on Thursday, hours after the Federal Reserve jolted markets by indicating it may not cut rates by much next year. The Fed’s tacit acknowledgement of the inflationary risks likely to come from incoming president Donald Trump’s immigration and trade policies unnerved investors. U.S. … Read more
Equities in Asia rose ahead of interest-rate decisions by major central banks across the globe due later this week, including the Federal Reserve. A key stock benchmark for the region climbed, as did shares in Australia and Japan. South Korean equities fell, while futures for Hong Kong stocks pointed to a decline. The moves came … Read more