HCOB

Amidst shifting economic indicators, precious metal prices reflect market uncertainties and investor sentiments influenced by global economic trends and policy decisions. The intricate balance between supply, demand, and macroeconomic factors drives...

Gold prices steadied as investors awaited U.S. economic data for clues on Federal Reserve's monetary policy easing. Spot gold stood at $2,326.86 per ounce and U.S. gold futures at $2,347.40.

The HCOB Flash Eurozone purchasing managers' index (PMI) published by S&P Global recorded a figure of 52.3, up from 51.7 in April and the highest in 12 months. Any reading above 50 indicates growth, while a figure below 50 shows contraction.

HCOB's composite Purchasing Managers' Index (PMI) for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, bounced to 51.7 in April from March's 50.3, surpassing a preliminary 51.4 estimate.

Policymakers including U.S. Federal Reserve Chair Jerome Powell last week backed away from providing any guidance on when interest rates might be cut, saying instead that monetary policy needs to be restrictive for longer.

The Reserve Bank of India's rate-setting committee will be meeting this week to announce policy rates and also give its commentary on the economy and inflation. D-Street is expected to track this bimonthly event.

​Nifty ended with weekly gains of 0.75% with leadership taken by banks, auto and metals. When markets resume trading on Monday, a host of important domestic and global events lined up during the holiday-shortened week are likely to impact them.

"The market closed near its peak, with the Bank Nifty index emerging as a standout performer. Despite a rocky start, the PSU index demonstrated resilience, bouncing back from early declines. With few definitive signals this week, the market focus re...

U.S. gold futures were steady at $1,993.30.

The Fed held interest rates steady on Wednesday as policymakers struggled to determine whether financial conditions may be tight enough already to control inflation, or whether an economy that continues to outperform expectations may need still more...

The Eurozone is facing a broad-based economic downturn as business activity unexpectedly worsened this month, according to a survey. The flash euro zone Composite Purchasing Managers' Index (PMI) fell to its lowest level since November 2020, indicat...

Wall Street futures climbed in relief after the U.S. Congress passed a stopgap funding bill late on Saturday, avoiding the federal government's fourth partial shutdown in a decade.

The euro zone economy is expected to contract this quarter and remain in a state of recession due to the impact of interest rate hikes by central banks, according to a survey. The flash euro zone Composite Purchasing Managers' Index (PMI) rose sligh...

The German composite figure fell to its lowest since May 2020 as a deepening downturn in manufacturing output was accompanied by a renewed contraction in services activity. The euro weakened to $1.0802, its lowest level since mid-June, after the Ger...

It is expected to pause interest rate hikes in September, according to a narrow majority of economists polled by Reuters, despite elevated inflation. A further rise in rates by year-end remains on the cards, however, following the central bank's mos...