U S LABOUR MARKET
5 world market themes for the week ahead The upcoming week promises significant market activity with pressure on Joe Biden's election prospects, anticipation of a Fed rate cut, key Q2 earnings reports, an ECB meeting, and the unveiling of the UK legislative agenda by King Charles. Analysts...
13 Jul, 2024, 09.20 AM ISTSensex rises over 200 pts, Nifty above 24,350 in hopes of dovish stance from Fed Indian indices rose as markets expected dovish signals from U.S. Fed Chair Powell. Sensex up 223 points to 80,184, Nifty50 up 59 points. Key gainers included Maruti Suzuki, M&M, Adani Ports, while Tech Mahindra, JSW Steel fell. Soft inflation increa...
09 Jul, 2024, 09.50 AM ISTWhat we learned from the UK's general election that will shape politics over the coming years The new government faces huge challenges, including fixing the country's sluggish economic and social malaise resulting in part from the U.K's exit from the European Union, the COVID-19 pandemic, the war in Ukraine and several Conservative Party sca...
06 Jul, 2024, 12.41 PM IST- ADVERTISEMENT
Dollar at three-week lows; pound takes UK election in stride The US dollar nears three-week lows awaiting payrolls data impact, while the pound remains strong amid UK election expectations. Euro stable pre-French election. Yen rebounds cautiously. Australian dollar near six-month highs. Bitcoin slightly down.
05 Jul, 2024, 07.59 AM ISTRupee nudges up on lower US bond yields, forward premiums rise Pressure on the yen and yuan had kept Asian currencies on the defensive over recent trading sessions but soft U.S. economic data on Wednesday helped ease the depreciation pressure.
04 Jul, 2024, 04.07 PM ISTEuropean shares advance on rate optimism; UK elections in focus European shares rose Thursday due to Fed rate cut prospects, weak U.S. data, and Labour gains. FTSE 100 rose by 0.5%, STOXX 600 by 0.3%, led by banks and Continental's 9.6% rise. German industrial orders fell 1.6% in May. Roche fell 2.3% after halti...
04 Jul, 2024, 01.04 PM ISTGold gains on softer dollar ahead of US Fed minutes Gold prices strengthened on Wednesday as the dollar eased after dovish comments from Federal Reserve Chair Jerome Powell, with investors now turning to minutes from the U.S. central bank's latest policy meeting to gauge future interest rate cuts.
03 Jul, 2024, 06.07 PM ISTBrent 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.
20 Jun, 2024, 09.34 PM ISTGold rises 1% to two-week peak as Fed rate cut bets lift demand Gold prices rose more than 1% on Thursday to their highest level in two weeks, as recent U.S. economic data showing signs of a slowdown in the world's largest economy boosted bets for interest rate cuts from the Federal Reserve this year.
20 Jun, 2024, 09.32 PM ISTHow labour party’s election vows stack up for UK markets Labour party unveils manifesto to control debt, boost homebuilding, and upgrade infrastructure. UK stocks and sterling rally ahead of election.
14 Jun, 2024, 07.28 AM ISTSensex, Nifty hit fresh lifetime highs on positive global cues after Fed outcome, US inflation print Sensex and Nifty50 opened at a record high on Thursday following gains, driven by global stocks and a favorable U.S. inflation report.
13 Jun, 2024, 09.55 AM ISTRupee ends lower on jump in US bond yields, RBI intervention caps losses The Indian rupee ended weaker on Monday, weighed down by a rise in U.S. bond yields, but likely intervention by the Reserve Bank of India (RBI) helped limit the currency's losses.
10 Jun, 2024, 04.04 PM ISTAsia shares stumble; political uncertainty grips euro Asian stocks fell as traders reduced bets for Fed rate cuts due to a tight US labor market. A snap election in France raised political concerns, impacting the euro. MSCI's Asia-Pacific shares index also dropped.
10 Jun, 2024, 07.54 AM ISTAsia stocks rally as rate cut bets gather momentum; ECB in focus Asian shares rose on Fed rate cut expectations and ECB meeting. Oil prices climbed, Treasury yields fell. Asia-Pacific shares outside Japan gained 1.14%, led by tech stocks.
06 Jun, 2024, 08.18 AM ISTCryptocurrency prices on June 5: Bitcoin rises 3% to above $71,000 on Fed rate cut expectation Bitcoin price surged by 3% to $71,000 in the last 24 hours, driven by expectations of a Federal Reserve rate cut in September following soft U.S. job openings data. Ethereum reached $3,807 and altcoins like BNB and Solana also saw significant increa...
05 Jun, 2024, 01.56 PM ISTEuropean shares rebound tracking global sentiment on soft US jobs data European shares opened higher on Wednesday, mirroring global sentiment as a soft U.S. labour market data firmed bets of a rate cut from the Federal Reserve, ahead of the European Central Bank's key rate verdict later this week.
05 Jun, 2024, 01.37 PM ISTSterling hits fresh 2-month high versus dollar ahead of inflation data German inflation figures will be released on Wednesday and the wider euro zone's reading on Friday, along with the U.S. core personal consumption expenditures (PCE) price index - the Federal Reserve's preferred measure of inflation.
28 May, 2024, 03.17 PM ISTSometimes U.S. and U.K. politics seem in lockstep. Not this year. British Prime Minister Rishi Sunak has called an early general election for the UK, announcing that he does not expect Britain's economic news to improve between now and the fall. The election is expected to be held on July 4, as the US political ca...
26 May, 2024, 02.28 PM ISTAsia stocks rally on renewed global rate cut optimism Sterling was steady at $1.2515, having touched over two-week low of $1.2446 on Thursday after Bank of England (BoE) paved the way for the start of rate cuts as soon as next month.
10 May, 2024, 08.10 AM ISTDollar nurses losses after another set of soft jobs data The dollar's retreat followed data showing a jump in initial claims for U.S. state unemployment benefits which, coming on top of last week's weak payrolls report, furthered risk-taking in a market that has been vacillating for weeks on when and how ...
10 May, 2024, 07.54 AM IST