The U.S. dollar rose broadly on Thursday, recovering from an earlier tumble in the immediate aftermath of the Federal Reserve’s outsized interest rate cut that had been largely priced in by markets. The U.S. central bank on Wednesday kicked off its monetary easing cycle with a larger-than-usual half-percentage-point reduction that Chair Jerome Powell said was … Read more
The record-breaking run in the red-hot mid-cap and small-cap stocks is likely to carry on as continued flows into equities from domestic investors are seen driving the bullish momentum. Analysts said, however, the pace of upside in these stocks especially those that have outperformed in recent weeks could slow after the US Federal Reserve’s rate-setting … Read more
After indexation removal, the flows have slowed down in duration funds, Marzban Irani, CIO of Fixed Income at LIC Mutual Fund AMC, tells ETMarkets. However with September interest rate cut almost a certainty now, debt investors can gain from longer-duration assets, he recommends. Excerpts: Q: After Fed Chair Jerome Powell’s Jackson Hole speech, it is … Read more
Dinshaw Irani, CEO, Helios MF, says in the case of India, the real interest rates have been very high all along and that is why we always believe that the private sector, given the paucity of demand and the fact that the real interest rates are so high, will not undertake capex at this point. … 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
U.S. Treasury yields pushed to a near four-week peak on Wednesday, lifting their Asia-Pacific counterparts and the dollar while pressuring equities, as data sowed new doubts about the timing and extent of Federal Reserve rate cuts. Crude oil rose for a fourth day to reach a four-week high amid speculation OPEC+ will maintain production cuts … Read more
