OVERNIGHT MARKET
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.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Domestic markets showed gains driven by positive sentiment on expectations of a discretionary spending rebound. Investors focus on upcoming US job data and Fed Chair's speech for interest rate insights. Nifty futures trade higher with a positive trend intact. Oil prices remain steady near highs, supported by rising fuel demand outlook. FII and DII actions impact rupee's performance.
Asia stocks down, yen slump keeps markets on intervention alert
Asian shares fell on inflation worries, pushing bond yields higher. The yen's decline raised intervention fears. The dollar surged against major currencies. Markets reacted to unexpected inflation hikes. Uncertainties in commodity markets added to the jittery mood.
Asia stocks down, yen slump keeps markets on intervention alert
Inflation concerns impact markets worldwide, driving bond yields up and Asian shares down. Currency markets watch as the yen weakens, prompting fears of intervention. Unexpected jumps in inflation in Australia and Canada add to market nerves before the Federal Reserve's upcoming data release.
From $25,000 to $2.5 million in one day. How a man earns 100 times his investment overnight? Insider trading or market sentiment?
Was there some foul play like insider trading involving Rivian’s stock or the sentiment was so high that it resulted in a mind-blowing gain? Know in detail.
Ahead of Market: 10 things that will decide D-Street action on Thursday
According to experts, financial and consumption stocks are currently gaining momentum due to enhanced balance sheets, robust GDP growth projections, and easing inflation. He noted that global market trends are reflecting similar patterns, with a general agreement on the likelihood of upcoming rate cuts.
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Time in market is more important than timing the market: Market crash after Election results has a lesson for SIP investors
Timing the market is not a reliable strategy. Trying to predict short-term market movements often leads to disappointment. What truly matters is the consistency and discipline of investing over the long term. Market fluctuations are part and parcel of investing in equities, and those who remain patient and focused on their long-term goals are more likely to reap the rewards.
Brent rises toward $86 as cooling US jobs market buoys rate cut hopes
Oil futures hit a seven-week high on Thursday as fresh data on a cooling U.S. jobs market added to hopes that the Federal Reserve could still cut interest rates this year.
Dollar wobbles as markets await more Fed clues; RBA meeting in focus
The dollar weakened against the euro and sterling as concerns about a far-right French government eased. Market focus shifted to key reports and comments from the Federal Reserve for rate cut clues.
Here’s what to watch in Asian markets after Fed decision, CPI
Asian stocks and currencies rose after the Federal Reserve rate decision and US consumer price data. Equities and dollar-denominated bonds are set to benefit despite tempered optimism due to Fed officials revising rate cut forecasts.
How will emerging markets perform going ahead? Ed Yardeni answers
But I think interest rates have actually normalised. They are normal. They are back to where they should be. The 10-year bond yield in the United States should be between 4% and 5%, that is where it was before the Great Financial Crisis and so I think we are just seeing normalisation in the financial markets and the stock market has demonstrated that it can certainly tolerate these levels of interest rates as long as the economy can do so and so far, so good.
RBI using forex market tools to ease liquidity tightness
RBI uses forex tools to inject cash into banking system ahead of large outflows due to advance tax payments, keeping borrowing costs low and increasing reserves without impacting inflation-fighting stance.
Dollar stalls as market braces for CPI test, Fed outlook
The dollar steadied as market players awaited U.S. inflation data and the Federal Reserve's economic projections. The U.S. central bank's actions will impact rate cuts and economic growth prospects.
Sebi tweaks framework for clearing corps on liquid assets; issues prudential norms for exposure
May 30 (PTI) Capital markets regulator Sebi has tweaked guidelines for accepting liquid assets as collateral by clearing corporations (CCs) and put in place prudential norms for exposure of such entities in a bid to strengthen the risk management framework.
Work overnight for FPI tax papers: Sebi tells big four firms
At a meeting on Tuesday, the Indian capital market regulator has told the accounting biggies in no uncertain terms to generate the mandatory 'confirmation certificate' overnight so that offshore funds managers can repatriate the money from the sale of stocks here to other international markets the very next day.
Liquidity deficit surges to four-month high
The shortfall of funds has pushed up the weighted average call rate (WACR), which represents banks' overnight cost of borrowing and functions as a determinant of other borrowing costs in the economy too. On Wednesday, the WACR closed at 6.75%, the same rate as the RBI's Marginal Standing Facility (MSF).
Zerodha Nifty 1D Rate Liquid ETF crosses Rs 1,000 crore AUM
Apart from the Liquid ETF, the fund house manages three schemes - Zerodha Nifty LargeMidcap 250 Index Fund, Zerodha ELSS Tax Saver Nifty LargeMidcap 250 Index Fund and Zerodha Gold ETF.
Overnight swap rates hint rate cut hopes ruled out
Overnight indexed swap (OIS) rates in India have shown that derivatives markets have generally relinquished expectations of rate cuts in 2024 as the central bank continues to focus on bringing inflation down to its target of 4%. The OIS market has moved towards pricing out all rate cuts in aggregate, with the hope of nominal rate cuts towards the end of the calendar year.
Strong returns, tax edge boost arbitrage funds' appeal, inflows
Assets under management (AUM) of arbitrage funds doubled to ₹1.74 lakh crore since March 2023. As per Value Research data, this category has returned 7.1% over the last one year, compared with overnight funds that returned 6.60% and liquid funds 7.02%.
What returns can an investor expect from overnight funds and liquid funds?
Many investors tend to keep money idle in savings bank accounts to meet near-term goals like paying school /college fees, vacation, or buying electronic goods 3-6 months later.
Dubai announces five-year multiple-entry visa for tourists from top source market India amid record visitor numbers
Dubai has introduced a five-year multiple-entry visa to facilitate travel from India, aiming to enhance tourism and business engagement. The visa allows a stay of up to 90 days, extendable once, with a total stay not exceeding 180 days annually. In 2023, Dubai welcomed 2.46 million overnight visitors from India, a significant increase from previous years, contributing to a record-breaking performance in tourism.
US bonds keep bearish tone after strong jobs data
U.S. Treasury yields were mostly higher on Thursday after data showing job growth remains solid, which strengthened the argument of central bank officials in recent days that changes towards lower interest rates will not be rushed.
RBI announces 2-day repo as overnight rates stay elevated
The Reserve Bank of India will conduct a two-day repo for 500 billion rupees ($6 billion) later in the day based on "a review of current and evolving liquidity conditions", the central bank said.
As durable liquidity reduces, RBI’s tone suggests tolerance of easing overnight rates
The Reserve Bank of India (RBI) may ease overnight money market rates next month, as it tolerates government spending funds as long as durable liquidity reduces, in line with its inflation targeting aim. If government spending picks up in Q4 and system liquidity improves, overnight rates could fall back towards the Repo rate.
RBI's unlikely to cut interest rates before June next year
According to the latest projections provided by the RBI's Monetary Policy Committee, consumer price index inflation is seen at 4% in July-September and 4.7% in October-December of the next financial year. The central bank has repeatedly emphasized that it needs to see a durable return to 4% inflation before it can consider any change in its current tight policy.
ET Explainer: What does spike in US funding rates mean for India
A repo, which stands for a re-purchase agreement, is in many ways the fundamental building block of money markets the world around. Essentially the transaction involves financial market players like banks borrowing and lending money overnight using government securities as collateral.
Helios Mutual Fund launches Helios Overnight Fund; should you invest?
The performance of the scheme will be benchmarked against CRISIL Liquid Overnight Index. The scheme will be managed by Alok Bahl and Utsav Modi.
Yen gets some relief as dollar pulls back overnight
The greenback gave up some of its recent gains after U.S. private payrolls increased far less than expected in September, according to the ADP National Employment Report on Wednesday, although that most likely exaggerates the pace of slowdown in the labour market.
Helios Mutual Fund files draft for overnight fund
The scheme will be benchmarked against CRISIL Liquid Overnight Index. Alok Bahl will manage the scheme.
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