US FED DECISION TODAY
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Indian equities surge with Nifty crossing 24300 and Sensex breaching 80000. Tech view sets 24900 as the next target. Dollar weakens, oil prices fall, and rupee settles lower. FII net long increases to Rs 3.78 lakh crore. DIIs buy shares worth Rs 924 crore.
Gold Price Today: Yellow metal trades flat; silver down by Rs 2,400
MCX gold August futures fell by Rs 151 in June while silver MCX July futures dropped by Rs 6,390. Prices showed high volatility due to U.S. housing data and dollar index strength.
Fundamentals suggest silver prices have room for further upside
Gold prices surged above ₹90,000 per kg in India and $30 per ounce internationally due to bets on potential interest rate cuts amid signs of a weakening US economy. However, further confirmation of cooling inflation is awaited before any rate cut decision.
Dow, S&P 500 edge higher after soft retail sales data; eyes on Fed speakers
Data showed US retail sales rose 0.1% in May, against 0.3% increase expected by economists polled by Reuters. Markets marginally hiked bets on two interest rate cuts from the Fed this year following the data, according to LSEG's FedWatch, clashing with the most recent projections from policymakers showing they broadly expect just one interest rate cut this year.
European Central Bank among other major central banks to cut policy rate this year
The U.S. Federal Reserve held the interest rates as it revised its rate cut expectations from three to one for this year in view of higher inflation. However, the U.S. CPI and PPI data released this week are indicating that inflation is easing in the United States. Even though rate cut hopes from the Fed dropped from 4 in the beginning of the year to indications of merely one rate cut, central banks of certain countries did cut rates this year. Here is a few central banks which cut their policy rate this year:
Oil softens to $82 a barrel on Fed rate decision, ample supply outlook
Oil prices slipped on Thursday as investors digested that the U.S. Federal Reserve had likely pushed back an interest rate cut to December and as U.S. crude and fuel stocks rose.
- Go To Page 1
Is Fed FOMC outcome hawkish or dovish? Here's is what Street says
The US Federal Reserve maintained rates at 5.25-5.50% in its June monetary policy, with Chair Jerome Powell expressing caution about the inflation outlook and the need for data revision. Experts weigh in on the decision.
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.
US stocks hit record highs, dollar pares losses after CPI, Fed decision
S&P 500 and Nasdaq reached record highs as U.S. Treasury yields fluctuated after the Fed's unchanged rates decision.
GIFT Nifty rises 90 points; here's the trading setup for today's session
Nifty scaled fresh highs but saw profit booking. SGX Nifty signals a positive start. Tech View warns of a downward correction. Nagaraj Shetti expects selloff below 23200 levels. Global markets show mixed movements. Oil prices fell. Stocks in F&O ban today include Balrampur Chini Mills, SAIL, and India Cements.
S&P 500 tops 5,400, Nasdaq hits fresh record high ahead of Fed decision; Apple jumps
At midday trading, the stock market showed positive gains. The Dow Jones Industrial Average increased by 0.28%, the S&P 500 was up by 1.11%, and the Nasdaq Composite rose by 1.74%. Oracle's stock surged 11.7% following their optimistic revenue forecast for the next fiscal year.
US consumer inflation falls to 3.3 percent ahead of Fed rate decision
US consumer inflation ticked lower last month, according to US government data published Wednesday, giving the US Federal Reserve positive news shortly before it publishes its latest interest rate decision. The monthly inflation rate was unchanged from a month earlier, which was well below expectations.
Nifty cools after record run, Sensex rises 150 points as investors eye US Fed decision
The broader NSE Nifty gained 58 points, or 0.25%, to end at 23,323. Domestically focused smallcap and midcap indices rose by over 1% each. IT companies, which count the US as a key revenue geography, jumped upto 2%. The likelihood of a Fed rate cut in September has decreased to 56%, down from 78% a week ago. The market capitalisation of all listed companies on the BSE surged by Rs 2.37 lakh crore to Rs 429.31 lakh crore.
Fed outcome expectations: Markets hawk-eyed for any clues on rate easing this year
The US Federal Reserve is anticipated to announce its key policy decision, including the trajectory of interest rate cuts and navigation of the economic landscape amidst inflation concerns.
Cryptocurrency prices on June 12: Bitcoin falls below $67.5K ahead of Fed policy decision
Leading cryptocurrencies dipped ahead of key U.S. inflation report and Federal Reserve policy decision. Bitcoin traded at $67,337, Ethereum at $3,519. Altcoins like BNB, Solana, XRP, Dogecoin, Cardano, Shiba Inu, and Chainlink followed the downward trend.
Gold price movement: Fed action impact & what history suggests in a falling rate regime?
Gold investors await the outcome of the Federal Open Market Committee (FOMC) meeting for insights on the US Federal Reserve's interest rate cut impact. The European Central Bank and Bank of Canada have already reduced policy rates.
Dollar calm ahead of inflation test, Fed decision
The dollar steadied after reaching a four-week high against peer currencies as markets awaited key U.S. inflation data and the Federal Reserve's updated interest rate projections. China's economy showed signs of improvement with steady consumer inflation and narrowing producer price declines.
GIFT Nifty drops 50 points; here's the trading setup for today's session
Domestic markets ended flat post-election recovery. Investors await US CPI data and Fed policy outcome for market direction.
Rupee closes at record low vs dollar ahead of US Fed statement
Recently released data showing a larger-than-expected jobs addition in the US has dampened hopes of the Federal Reserve lowering interest rates while sharp weakness in the Chinese yuan versus the US dollar over the past couple of days has dragged Asian currencies lower, dealers said.
Dow dips nearly 1% as investors brace for CPI data, Fed rate decision
After a big advance by Nvidia and some other big tech names so far in 2024, "market participants are anticipating a possible consolidation period," said Briefing.com analyst Patrick O'Hare. Wednesday's Fed decision and consumer price index data "has market participants in a wait-and-see mode since both will fuel expectations about the path of monetary policy," he said.
Gold Rate Today: Yellow metal slips below Rs 71,300/10 grams, silver declines Rs 1370/-Kg
Gold prices declined on Monday as traders awaited further U.S. economic data following recent indications of stabilized inflation, raising expectations for a potential interest rate cut by the Federal Reserve later in the year.
Cryptocurrency Price on May 31: Bitcoin holds above $68.3K ahead of key inflation data
Popular crypto tokens such as BNB, Solana, Dogecoin, Shiba Inu, Chainlink, and Polkadot declined up to 3%, while Cardano, Tron, Uniswap, and Litecoin surged up to 1%.
Gold prices today: Gold opens at Rs 72,203 per 10 grams; silver up by Rs 5,100 in last 3 days
Gold steadied on MCX with June futures opening at Rs 72,203 per 10 grams, while silver rose to Rs 95,670/kg. Commodities stabilize amidst geopolitical tensions and US PCE deflator data anticipation.
Gold prices today: Yellow metal prices fall by Rs 2,400 in last 7 days, silver above Rs 94,500/ kg
Gold prices experienced a decline on Tuesday. Despite the dip, gold retained its strength as traders awaited US inflation data, which could influence the Federal Reserve's decision regarding interest rate cuts.
Gold gains 1% as traders brace for key US inflation data
Gold prices edged higher on Monday, recovering slightly from a recent dip to a two-week low. Spot gold rose by 1% to $2,355.60 per ounce, but remained below last week's record high of $2,449.89. The rise in gold prices occurred despite most U.S. markets being closed for the Memorial Day holiday.
Memorial Day 2024: What will remain open and what will be closed? Here are details
Memorial Day began in the 19th century as Gen. John Logan issued an order in 1868 to observe May 30 as a day of remembrance for those who died serving in the Civil War. While all Northern states recognized Decoration Day as a holiday by 1890, Southern states chose to observe it on separate days.
Nasdaq, S&P 500 fall as investors take cover before Fed decision
The ADP National Employment report showed U.S. private payrolls increased more than expected in April, while a separate reading showed U.S. manufacturing contracted in April. A measure of prices paid by factories for inputs approached a two-year high.
Wall St edges up as Tesla and Apple gain; Fed decision awaited
U.S. stocks closed higher on Friday, buoyed by moderate inflation data and a rally in megacap growth stocks following robust quarterly results from technology heavyweights Alphabet and Microsoft. Also offering support, Israel-Hamas peace talks in Cairo eased fears of a wider conflict in the Middle East.
Load More
