With investor expectations fluctuating between continued high inflation and an economic downturn caused by a hawkish Fed, few believe the market's volatility will dissipate anytime soon
Gold prices have turned stable as the Dollar has fallen countring the US Federal Reserve's rate hikes.
Market heavyweights Apple Inc, Meta Platforms , Alphabet Inc, Microsoft Corp and Amazon.com Inc added between 1.3% and 2.5%
Rate hike fears keep investors on tenterhooks as they await Fed policy
US equities tumbled on Monday, with the S&P 500 confirming it is in a bear market, as fears grow that the expected aggressive Fed rate hikes would push the economy into a recession
Benchmark 10-year note yields were down on the day, after briefly rising on strong spending data, while the dollar was headed for a second consecutive week of declines.
"The market's tentative speculation about a pause in the Fed's tightening cycle in September is surely contributing to keeping the dollar soft," ING strategists said
The swing in sentiment left the dollar wallowing at one-month lows, with the euro rising to its highest since April 25
The outlook for the US economy is unusually cloudy as war rages in Ukraine, commodity prices surge and the Federal Reserve embarks on a tricky campaign to tame inflation with higher interest rates.
Chris Wood believes the best way to play Indian markets is the upswing in the Indian property/real estate sector despite the rate hikes by the Reserve Bank of India (RBI)
The NSE Nifty 50 index was down 0.78% at 16,969.10 as of 0357 GMT on Monday, with most of its major sub-indexes in the negative, while the S&P BSE Sensex fell 1.11% to 56,429.45
The price of the US Dollar has ascended amid China's fear on another impending wave of Covid-19 in the country. Meanwhile Fed rates have also peaked up.
European Central Bank officials said on Thursday that the central bank might start hiking euro zone rates as early as July
The benchmark U.S. 10-year Treasury yield, meanwhile, touched a three-year high of 2.884%
Against a basket of six major currencies, the dollar climbed to 100.52, the highest since May 2020, but was last little changed at 100.29
JPMorgan could lose about $1 bn on its Russia exposure, Jamie Dimon said on Monday
Flows from foreign portfolio investors (FPIs) are expected to remain volatile in the near term given the headwinds in terms of elevated crude prices and inflation, experts said
The Fed kicked off a new tightening cycle by raising the benchmark interest rate by 25 bps to a range of 0.25 to 0.5 per cent on March 16
The Fed last week raised its benchmark interest rate by a quarter percentage point to a range of 0.25% to 0.5% from near zero
Benchmark indices zoomed 2% yesterday after the US Fed hiked rates for the first time in three years. However, analysts don't see the RBI moving the needle on rate hikes just yet