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
Asian stocks were steady early Tuesday following a mixed session on Wall Street where traders boosted bets the Federal Reserve will this week deliver a half-point rate cut. Equities in Sydney and Tokyo fluctuated. Futures for US stocks were little changed after the S&P 500 closed 0.1% higher and the Nasdaq 100 slid 0.5%, with … Read more
“Never mind even the yen carry trade, my sense is it is also gradually unwinding and some of the good analysis also is there in the market. So, I think all said and done, yes, that will continue. But I think we can look forward to about three rate cuts, about 25 basis point, one … Read more
The Nifty formed a bearish engulfing candle on the weekly chart as it ended Friday’s trading session on a negative note as the index plunged ahead of a key U.S. jobs report, which could influence the Federal Reserve’s decisions on the pace and magnitude of interest rate cuts. The 50 component index Nifty 50 as … Read more
NEW YORK: U.S. stocks fell on Friday, weighed down by a jobs report that showed a continued labor market slowdown but left traders uncertain about how far the Federal Reserve will go in cutting interest rates. All three main indexes were lower, with the 11 sectors of the benchmark S&P 500 losing ground led by … Read more
Stocks, bonds and major currencies held to tight ranges Friday as traders prepared for US jobs data that will help determine the size of a Federal Reserve rate cut later this month. Shares in Japan fluctuated, as the yen stabilized after a rally this week, while those in Australia were little changed. Futures for US … Read more
U.S. worker productivity grew faster than initially thought in the second quarter, reining in labor costs, suggesting that inflation pressures could continue to subside. Nonfarm productivity, which measures hourly output per worker, increased at a 2.5% annualized rate last quarter, the Labor Department’s Bureau of Labor Statistics said on Thursday. That was an upward revision … Read more
Foreign ownership of Indian government bonds has accelerated through August as decision-influencing US data and Federal Reserve commentary point toward a rate cut later this month, but are not alarming by themselves to trigger a risk-off sentiment on Wall Street and dent financial assets in the world’s fastest-expanding major economy. From July 31 to August … Read more
The dollar climbed to a two-week top against the euro on Monday as traders pared bets for aggressive policy easing by the Federal Reserve with the focus now moving to a crucial U.S. jobs report at the end of this week. The dollar advanced to its strongest since Aug. 21 on the yen, buoyed by … Read more
Wall Street stocks rose and the Dow scored a second consecutive all-time closing high on Friday, with Tesla and Amazon climbing after fresh U.S. economic data raised expectations that the Federal Reserve will cut interest rates modestly in September. U.S. consumer spending increased solidly in July, suggesting the economy remained strong while prices rose moderately. … Read more
