Fed Meet

Govt bond yields decline ahead of Budget statement as traders feel the fall in prices over the past week had been overdone

Gold prices edged up on Monday on a weaker dollar, as investor attention moved to central bank meetings this week for clarity on their rate hike strategies

The Fed raised interest rates by 50 basis points (bps) in December after four consecutive increases of 75 bps each

Asian equities rose on Wednesday, while the dollar was on the back foot after a steep spike overnight, with investors keenly awaiting minutes from the Federal Reserve's most recent meeting

Gold prices hit a six-month high on Tuesday in thin trading, with the market's attention turning to minutes from the US Federal Reserve's latest policy meeting due this week

MUMBAI (Reuters) - The Indian rupee and government bond yields are likely to take cues from the outcome of the U.S. Federal Reserve's monetary policy meeting on Dec. 14, one of a host of high-profile, potentially market-moving economic events in the week.

Financials and pharma stocks led the advance amid positive flows from foreign portfolio investors

The Nifty IT index is one of the strongest indexes market at the current juncture, technical charts suggest

The pan-European STOXX index of shares eased 0.19% to 458.50 points, barely below Monday's record high of 460.51.

Asian shares mostly rose Friday, as investors digested the latest message from the U.S. Federal Reserve on raising short-term interest rates by late 2023. Japan's benchmark lost earlier gains and inched down less than 0.1% in afternoon trading to 29,009.75. South Korea's Kospi edged 0.2% higher to 3,272.42. Australia's S&P/ASX 200 rose 0.1% to 7,368.90. Hong Kong's Hang Seng jumped 0.7% to 28,769.94, while the Shanghai Composite gained 0.1% to 3,530.32. The Bank of Japan kept its ultra-lax monetary policy intact, as investors had expected. Wrapping up a two-day meeting, the central bank also extended by six months, until March 2022, a lending program to help companies weather the pandemic. Japan's economy has picked up as a trend, although it has remained in a severe situation due to the impact of COVID-19 at home and abroad, the Bank of Japan said in a statement. The Fed's comments came Wednesday, and global markets had already initially reacted Thursday. But comments about the ..

The Fed indicated it sees the US economy improving faster than expected.

US gold futures were down 2.6% at $1,812.20 per ounce.

Traders around the world are looking for any hints about whether and when the Fed plans to taper its bond-buying programme as the U.S. economy bounces back from the pandemic fallout.

The two-day Fed meeting starts on Tuesday, with a final statement published after the meeting closes on Wednesday.

US gold futures gained 0.2% to $1,869.

Currency markets settled in tight ranges with implied volatility plumbing to multi-year lows

London and Frankfurt opened higher while Tokyo also gained.

Spot gold was down 0.9% at $1,860.44 per ounce, as of 0654 GMT

In New Delhi, the price of 22-carat gold rises to Rs 51,250 per 10 gram

The Fed is tasked by law with fostering full employment and steady prices