US employers added 528,000 jobs last month, more than all estimates, the unemployment rate fell to a five-decade low of 3.5%, and wage growth accelerated
The US dollar index, a measure of the currency against six major rival pairs, was at 105.67 around 6.15 pm IST on Tuesday. It had climbed to a 20-year high of 108.54 in late July
Dollar index falls as a contraction in US GDP eases Fed hike fears
As the cryptocurrency market cap crossed $1.1 trillion mark on Friday and Bitcoin rose above $24,000, experts said that 'we are not there yet'
Gold and silver have always remained some of the precious assets to safeguard against inflation
However, analysts do caution against intermittent phases of withdrawals by FIIs given macro-economic developments across major world economies
Powell cannot afford to take his eyes off the prize - to get inflation down
Analysts believe that the US Fed's confidence about strong labor markets and dismissal of recession brought respite to the investors
Stock market live updates: As of 7:45 AM, the SGX Nifty Futures quoted at 16,475 levels, indicating a downside of 8 odd-points on the Nifty50.
Better-than-expected results at Microsoft and Google helped soothe a nervous mood in stock markets on Wednesday, while a cut in Russian gas flow dragged on the euro
The Sensex ended the session at 55,268, with a decline of 497 points, or 0.9 per cent
More than the Fed's hike, it is the commentary that would impact market sentiment
With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring
Singapore and the Philippines both tightened their monetary policies in emergency moves after data showed inflation in the US was running hot and the Federal Reserve was considering another large hike
Interest-rate futures contracts currently imply a roughly one-in-six chance that the Fed will hike rates by a full point this month, with a 75 basis-point hike regarded as certain
Rupee which had closed at 79.64/$ at its previous close, slipped to a low of 79.92/$ intraday
WASHINGTON (Reuters) - Global equity markets and oil slipped and the safe-haven dollar rose after the latest red-hot U.S. inflation reading heightened investor fears about Federal Reserve interest rate hikes and a possible recession.
LONDON (Reuters) -Oil prices fell more than $4 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.
LONDON (Reuters) -Oil prices fell more than $2 on Thursday as investors focused on the prospect of a large U.S. rate hike later this month that could stem inflation but at the same time hit oil demand.
MSCI's broadest index of Asia-Pacific shares outside Japan was flat by early afternoon