A roaring rally in U.S. stocks will face a gauntlet of economic data, looming political uncertainty and a corporate earnings test in coming weeks as investors navigate one of the most volatile periods of the year for equity markets. The benchmark S&P 500 this week hit its first closing all-time high in two months after … Read more
U.S. stocks closed nearly unchanged on Tuesday, giving up earlier gains that had vaulted the S&P 500 and Dow Industrial Average to record highs as investors braced for the first Federal Reserve rate cut in 4-1/2 years. The benchmark S&P 500 index touched 5,670.81 earlier in the session, after fresh economic data eased worries of … Read more
The dollar traded near a one-week high versus major peers on Friday, on track to snap a five-week losing run, after robust economic data pared bets for aggressive Federal Reserve interest rate cuts. The euro languished close to a two-week low to the dollar as cooling inflation in Germany and Spain boosted the case for … Read more
Stocks in Asia rose as traders weighed prospects for Federal Reserve interest-rate cuts after Jerome Powell cited signals that the US is back on a disinflationary path. Equity benchmarks climbed in Japan, Australia and South Korea, while futures for Hong Kong stocks pointed to a positive start. Contracts for the S&P 500 edged lower after … Read more
Asian stocks rose on Friday and were poised for the fourth month of gains, while the dollar drifted lower, keeping the yen steady as investors await inflation readings from Europe and the U.S. that will likely dictate the path of interest rates globally. A downward revision to consumer spending meant the U.S. economy grew more … Read more
Mumbai: Government bond yields jumped to a two-month high on Tuesday as unexpectedly firm US economic data dampened hopes of the Federal Reserve reducing interest rates anytime soon, driving up American bond yields and reducing the appeal of Indian fixed-income assets. Yield on the 10-year benchmark government bond rose 7 basis points to settle at … Read more
Mumbai: The rupee Wednesday closed at its strongest level versus the US dollar in six months as disappointing American economic data caused the greenback to weaken globally while overseas investors deployed funds in local capital markets. The domestic currency settled at 82.83 per US dollar on Wednesday, its strongest closing level since September 4, 2023, … Read more
The U.S. stock market’s strong start to the year faces a major test next week in a stretch packed with big tech earnings, the Federal Reserve’s monetary policy meeting and the closely-watched employment report. The S&P 500 is up nearly 3% since the end of December and stands near record highs, driven in part by … Read more
