NON FARM PAYROLLS REPORT
Gold inches up after weak data fuels US rate cut bets
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
US weekly jobless claims rise labor market slows
The labor market shows signs of easing as unemployment benefits claims increase. Layoffs rise due to interest rates impacting demand, and challenges in seasonal data adjustments persist. Market anticipates Fed's potential rate cuts. Job cuts decrease in June, but higher than last year. Nonfarm payrolls data may reveal job increase. Job openings ratio remains steady, while Fed deliberates policy changes post-hikes. Continuing claims rise due to policy effects.
Gold flat as investors focus on Fed minutes
Gold prices await Fed's rate decision influenced by inflation data, NFP report. China's services slow, impacting metals. Bullion prices steady amid election uncertainty. Analyst Tim Waterer forecasts rate cuts using CME FedWatch Tool.
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Weekly Top Picks: These mid and small cap stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
Weekly Top Picks: These stocks scored 10 on 10 on Stock Reports Plus
Stock Reports Plus, powered by Refinitiv, undertakes detailed company analysis for 4,000+ listed stocks. In addition to detailed company analysis, the report also collates analysts’ forecasts and trend analysis for each component. An average score in Stock Reports Plus is calculated by undertaking quantitative analysis of five key investment tools - earnings, fundamentals, relative valuation, risk and price momentum.
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Caught in a rut: How fruits of the season are falling victim to climate extremes
Shift in climate patterns has dealt a big blow to the production of many seasonal fruits like apples. Stakeholders say it is time to find ways to minimise this loss, as the issue is here to stay.
Kangana Ranaut slap row: CISF woman constable gets offer of legal assistance
Some farmer outfits supported the CISF constable who allegedly slapped Kangana Ranaut at the Chandigarh airport over her stance on farmers' protests. The constable, Kulwinder Kaur, has been suspended and an FIR lodged against her.
Gold slides 3% on double blow of strong jobs report, China data
Gold prices fell 3% to $2,304.54 after a strong U.S. jobs report dampened expectations for rate cuts, exacerbated by China's pause in gold purchases in May.
Dollar clings to eight-week low ahead of payrolls test
The dollar's performance is influenced by ECB President's stance on easing, Bank of Japan's upcoming policy decision, and foreign exchange intervention concerns.
S&P 500, Nasdaq close slightly down ahead of US payrolls data
The S&P 500 and Nasdaq composite dipped from record highs ahead of key labor market data. Nvidia fell, while utilities and industrials dragged the S&P 500 lower. Investors await the U.S. nonfarm payrolls report, which may influence Federal Reserve decisions.
Dollar hovers near 8-week low as payrolls test looms
The U.S. dollar index remained stable near 104.13, hinting at a potential 0.5% decline for the week due to expectations of Fed rate cuts. Traders anticipate a softer non-farm payrolls report, possibly below the 185,000 forecast.
Gold prices drift higher ahead of US payrolls data
Gold prices rose on Thursday as investors awaited U.S. non-farm payrolls data to determine potential interest rate cuts.
Yields pare losses as services sector rebounds
The business activity index is "really driving that whole index higher," said Ellis Phifer, managing director of fixed income research at Raymond James in Memphis, Tennessee.
Rupee ends higher; RBI intervention, foreign banks' dollar sales help
The Indian rupee closed stronger on Wednesday, partially recovering from its slump in the previous session, aided by dollar sales from foreign banks and likely intervention from the Reserve Bank of India.
Gold firms on Fed rate cut hopes; investors await more US data
Gold prices edged higher on Monday as signs of cooling U.S. inflation lifted hopes for interest rate cuts from the Federal Reserve this year, while traders awaited a slew of U.S. economic data due this week.
Escalating emissions: How Red Sea disruptions are driving up carbon emissions
Many companies had already revamped their supply chains as they navigated COVID-19 disruptions, extreme weather risks, trade protectionism that forced them to change suppliers, and rising freight costs.
Indian fertilizer industry on track to reach Rs 1.38 lakh cr by 2032 amidst robust growth and strategic innovations
In 2023, the Indian fertilizer market size stood at Rs 94,210 crore, driven by increased agricultural demands and strategic governmental interventions.
Gold flat ahead of US payrolls data, set for 2nd weekly drop
The U.S. central bank held interest rates steady on Wednesday and indicated it is still leaning towards eventual reductions in borrowing costs, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.
Gold prices drift higher as Fed stands pat on key interest rate
The Fed held interest rates steady on Wednesday, but put a red flag on recent disappointing inflation readings that could make those rate cuts a while in coming.
Green is the new gold: Investors flock to sustainable opportunities in 2024
India is making significant strides towards sustainable development through regulatory mandates like the Energy Conservation (Amendment) Bill 2022 and BRSR, unleashing investment opportunities for Indian businessmen and investors.
India government bond yields edge lower tracking US peers
Indian government bond yields ended lower on Thursday, as U.S. bond yields declined after commentary from Federal Reserve Chair Jerome Powell cemented hopes of a rate cut later this year, while investors awaited a key U.S. jobs data.
Shift of labour to non-farm jobs: Why it's high time to reform India's job-creation laws
India aims to reduce agriculture's 'self-exploitation' through non-farm jobs. This requires addressing problems with job laws, promoting direct benefit transfer, improving infrastructure and human capital, and reforming social security and labor codes.
'Delhi Chalo' march: Union ministers, farmer leaders to hold 4th round of talks today
The two sides -- ministers and farmer leaders -- had met earlier on February 8, 12 and 15 but talks remained inconclusive.
Nasdaq outperforms on Alphabet boost, payrolls data in focus
The tech-heavy Nasdaq has outperformed peers this year, surging 36% on a rally in megacap stocks that has been powered by enthusiasm around the potential for AI. Growing hopes of a cut in interest rates next year have also improved sentiment.
West Bengal: Borrower suicide brings back focus on coercive recovery practices, ills of multiple lending
The incident has also brought back the focus on the perils of multiple lending as the couple had taken loans from several lenders. Rekha Malik (54) of Bengal's Bardhaman district had outstanding loans amounting to Rs 1.23 lakh from as many as four institutional lenders including small finance banks, according to credit bureau report. Her husband, Hemanta Malik, aged 65, was the nominee in three of these loans.
Rupee sees biggest drop since March 14 on likely Fed hikes
The decision of the Organization of the Petroleum Exporting Countries (OPEC) to announce an oil production cut also hurt the rupee as importers rushed to lock in purchases of the dollar-denominated commodity.
Dollar edges higher ahead of non-farm payrolls data on Friday
The dour economic signs have strengthened the view that the Fed will reverse course on rate increases with traders hoping for more insight when Federal Reserve Bank of St. Louis President James Bullard speaks later on Thursday.
Gold gives up almost all of 2023 gains; higher rates, US non-farm payrolls data in focus
This is compared with peak fed funds rate of 4.9% seen during early February 2023. At the same time, expectations of rate cuts have also come down, with traders now pricing in less than 15 basis points of rate cuts in 2023, from almost 60 basis points a month ago.
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