Gold prices jumped by 1.7% or Rs 1,200 per 10 gram on Friday taking cues from prices in the international market. The rally was on the back of growing hopes of the September interest rate cut by the US Federal Reserve following a benign July inflation number. Around 8:20 pm, the October gold futures on … Read more
Stocks in Asia rose Friday after robust US jobs and spending data eased recession concerns, fueling a rally in stocks and sending bonds tumbling. Equity benchmarks in Japan climbed over 2% at the open, while shares in Australia increased alongside those in South Korea. US futures contracts edged higher after the S&P 500 and tech-heavy … Read more
Year-over-year inflation reached its lowest level in more than three years in July, the latest sign that the worst price spike in four decades is fading and setting up the Federal Reserve for an interest rate cut in September. Wednesday’s report from the Labor Department showed that consumer prices rose just 0.2% from June to … Read more
India’s equity indices fell nearly 1% on Tuesday, extending their fall to the second straight session as traders remained cautious amid heightened geopolitical tensions and ahead of the Wednesday release of US consumer price inflation (CPI) data. The prospect of lower-than-expected flows into HDFC Bank later this month, after the MSCI decided to raise the … Read more
Asian stocks climbed, with equity benchmarks in Japan rising after a holiday as a weaker yen is seen providing support for exporters. Shares also advanced in South Korea. MSCI’s Asia-Pacific stock index traded at its highest level since Aug. 5, after its recovered from last week’s rout. The S&P 500 closed steady as traders look … Read more
SYDNEY: Asian stocks got the week off to a quiet start on Monday as a holiday in Japan removed one source of recent volatility, and investors hunkered down for major U.S. and Chinese economic data for an update on global growth prospects. Key for the Federal Reserve will be U.S. consumer prices on Wednesday where … Read more
Asian equities rose on Friday after signs of resilience in the labor market lifted US stocks. Equities in Japan, South Korea and Australia climbed alongside Hong Kong share futures. Gains for Tokyo’s Topix index further eroded the steep declines earlier in the week, helped along by Friday moves in tech and bank stocks. US equity … Read more
Japanese stocks jumped at the open on Tuesday, underpinning a recovery across battered Asian share markets and even triggering circuit breakers in some, after central bank officials said all the right things to soothe investor nerves. The Nikkei soared more than 8% to above 34,000 in the opening minutes of trading, rebounding sharply from its … Read more
Share markets slid and bonds rallied in Asia on Monday as fears the United States could be heading for recession triggered mass risk aversion and wagers interest rates will have to fall sharply, and quickly, to support growth. Investors began where they finished on Friday by knocking Nasdaq futures down 1.87%, while S&P 500 futures … Read more
Japan’s benchmark Nikkei 225 stock index plunged 6.7% early Monday before recovering some lost ground, extending sell-offs that began last week. The Nikkei had shed more than 2,400 points to 33,488.08 about a half-hour after opening. By about an hour after trading began, the index was down 5.3%, or about 1,900 points, at 34,010.69. Stocks … Read more
