Asian shares gained for a fifth day as a rally sparked by support measures from Beijing continued, while US stocks set fresh highs, with investors preparing for further rate cuts. Equity benchmarks rose in South Korea and Australia, while those for Japan were mixed after the yen strengthened against the dollar in the prior two … Read more
Asian stocks were steady on Monday ahead of central bank meetings that are widely expected to deliver two more rate cuts and key U.S. inflation figures that should flash a green light for more easing there. A holiday in Japan made for thin trading and MSCI’s broadest index of Asia-Pacific shares outside Japan was little … Read more
Global and Indian markets have been shining so far in 2024 with MSCI world up 13%, MSCI India increasing an impressive 21%, and small and midcap Indian indices almost 30%. For the remaining part of the year, global events would take centre stage as to how the equity market performs globally and headwinds seem more … 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
“Rate cuts typically occur with weak economic data. So, yes, on first thought, people might believe it’s “risk-on,” but it’s usually accompanied by poor economic data, which one should expect from the US, and this could jumble up sentiment for a while,” says Aashish P Somaiyaa, ED & CEO, WhiteOak Capital AMC. In an interview … Read more
Asian shares moved in narrow ranges after tech giants dragged down Wall Street, as focus shifted from the Federal Reserve’s policy outlook to Nvidia Corp.’s earnings later this week. Japanese and South Korean stocks turned slightly higher after earlier losses, with mild gains in Australia. Hong Kong futures pointed to a weak opening, while contracts … Read more
Asian shares crept cautiously higher on Monday, while the dollar and bond yields were on the wane ahead of inflation data that investors hope will pave the way for rate cuts in the United States and Europe. Oil prices climbed 0.7% after Israel and Hezabollah traded rocket salvos and air strikes on Sunday, stirring worries … Read more
The Indian rupee closed stronger on Monday, aided by a rally in Asian currencies that helped the local unit touch its highest in two weeks. The rupee closed at 83.87 against the U.S. dollar, up from its close at 83.94 on Friday. The currency hit 83.85 during the session, its highest since Aug. 6. The … 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
“We expect the NDA government to sustain focus on capex-led growth around PLI, Roads, Ports, Aviation, Defence, Railways, and Green energy, given a 20 bps lower fiscal deficit in FY24 (Than RE), normal monsoons, and Rs 2.1 lakh crore dividend from RBI,” says Amnish Aggarwal, Director – Institutional Research, Prabhudas Lilladher.In an interview with ETMarkets, … Read more
