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
In any year, investment in gold and silver always draws your attention. As we near the new year 2025, gold and silver remain top investment options amidst the persistent global economic and political uncertainty. The continuous gold purchases by central banks, notably China, along with anticipated rate reductions by the Federal Reserve, point towards a … Read more
“So, the US data, there is one other piece of data, the CPI data that is coming out in the coming week that could be impactful. But barring any big surprises there, I think we are on track for a 25 basis point cut,” says Arvind Sanger, Geosphere Capital Management. Wanted to get in your … Read more
President-elect Donald Trump may have campaigned hard against high inflation, but by the time of his Nov. 5 election victory financial professionals had moved on from rising prices and begun worrying about rising U.S. debt, possible recession, and risks to global trade as among the top threats to the stability of the financial sector, according … Read more
Gold prices experienced a slight decline on November 15, signaling its worst week in over three years. Spot gold was trading at $2,562.61 per ounce, down 0.1%, marking a decrease of more than 4% for the week. Furthermore, US gold futures also saw a decrease of 0.2%, standing at $2,567.10. In India, the price of … Read more
Asian stocks eked out gains following mixed results from Wall Street tech companies and as traders prepare for next week’s US election and Federal Reserve rate decision. Shares gained in Japan, but slipped in Australia and South Korea. US contracts advanced in Asia after the S&P 500 closed up 0.2% and the Nasdaq Composite rose … Read more
The yen languished near a three-month trough on Tuesday as the loss of a parliamentary majority for Japan’s ruling coalition in weekend elections raised uncertainty about the nation’s political and monetary outlook. Elsewhere, the dollar eased a touch, though remained not too far from its recent high ahead of major U.S. data releases later in … Read more
Wall Street closed lower on Wednesday, as climbing Treasury yields pressured megacap stocks and investors grew less confident about strong rate cuts from the Federal Reserve, while corporate news pressured McDonald’s and Coca-Cola. Benchmark 10-year U.S. Treasury yields reached a three-month high with investors reassessing the Fed rate-cut outlook over the next few months against … Read more
The U.S. dollar hovered at a 2-1/2-month peak on Wednesday as investors adjusted bets toward a gradual reduction of interest rates while keeping an eye on a close presidential election race. The yen remained under pressure as the dollar and U.S. Treasury yields marched higher, pushing it to a three-month low. The greenback has climbed … Read more