Page 17 - Interest Rate Hike
Euro teeters near parity versus US dollar, hits new two-decade low
The dollar index, a measure against six counterparts, with the euro most heavily weighted, was 0.2% higher at 108.43. It had earlier climbed to 108.47, its highest since October 2002.
 "Euro teeters near parity versus US dollar, hits new two-decade low")
Gold struggles for traction as interest rate hike bets, dollar dim appeal
Spot gold was little changed at $1,734.59 per ounce by 0916 GMT after hitting $1,722.36 earlier in the session, its lowest since Sept. 30. US gold futures rose 0.1% to $1,733.60.
 "Gold struggles for traction as interest rate hike bets, dollar dim appeal")
Global demand fears, Covid in China, soaring dollar slam copper prices
Benchmark copper on the London Metal Exchange (LME) was down 3% at $7,573 a tonne at 1601 GMT.
 "Global demand fears, Covid in China, soaring dollar slam copper prices")
RBI allows more FPI access to Indian bonds, but returns may not lure flows
Treasury officials believe the move may not work as rising interest rates abroad and high domestic inflation have eroded returns from Indian fixed-income assets
 "RBI allows more FPI access to Indian bonds, but returns may not lure flows")
Recession is the best time to invest; put money now: Trideep Bhattacharya
The first six to nine months of this year (till July or August) will see more volatility, and money making would be difficult, says the CIO-Equities of Edewleiss AMC
 "Recession is the best time to invest; put money now: Trideep Bhattacharya")
Good time to invest in debt funds as portfolio yields rise, say experts
Opt for a mix of shorter-duration, target maturity, and dynamic bond funds
 "Good time to invest in debt funds as portfolio yields rise, say experts")
Fund raising via debt placement drops 39% to Rs 32,405 crore in Apr-May
Fund raising by listed companies through private placement of corporate bonds dropped 39 per cent to Rs 32,405 crore in the first two months of the current financial year
 "Fund raising via debt placement drops 39% to Rs 32,405 crore in Apr-May")
Wall Street begins second-half with losses on economic growth worries
Dow Jones Industrial Average was down 114.85 points, or 0.37%, at 30,660.58, the S&P 500 was down 9.89 points, or 0.26%, at 3,775.49
 "Wall Street begins second-half with losses on economic growth worries")
Global factory growth feeble in June, feeding economic recession fears
Between central banks digging their heels in to counter inflation and growing fears there is absolutely no path to a soft landing for the global economy, there are few, if any, places to hide
 "Global factory growth feeble in June, feeding economic recession fears")
Top 5 factors that may set market direction in the second half of 2022
Investors are now looking toward potential triggers that may set the likely trajectory for equity markets in the second half of 2022.
 "Top 5 factors that may set market direction in the second half of 2022")
Sharp rate hike bets keep Wall Street subdued, Goldman Sachs lifts Dow
US economy contracted in Q1 amid record trade deficit; BofA upgrades Goldman Sachs, shares rise; General Mills rises as sales beat on higher prices; Bed Bath & Beyond replaces CEO, shares tumble
Rate hike bets subdue gold prices even as economic slowdown fears mount
Spot gold fell 0.2% to $1,817.00 per ounce by 0920 GMT, holding a tight range between $1,814.30 - $1,822.76. U.S. gold futures were down 0.2% to $1,817.60.
Gold stuck in range as rate hike bets and recession fears collide
Although gold is considered a hedge against inflation and economic uncertainties, rate hikes dim bullion's appeal by increasing the opportunity cost of holding the asset which pays no interest.
ECB ready to 'stamp out' surging inflation with rate hike in July, Sept
With new inflation figures due out Friday, Lagarde said the bank is using the dual approach to be able to respond to economic uncertainty.
 "ECB ready to 'stamp out' surging inflation with rate hike in July, Sept")
US dollar, Japanese Yen find support as investors put safety first
The dollar and Japanese yen both found support in a choppy Asia session on Monday, benefiting from a bid for safety as investors worried rising interest rates and softening economic data
 "US dollar, Japanese Yen find support as investors put safety first")
Oil rises almost $2 a barrel, still set for weekly drop on recession fears
U.S. Federal Reserve Chair Jerome Powell said the central bank's focus on curbing inflation was "unconditional", adding to fears about more interest rate hikes that have weighed on financial markets
 "Oil rises almost $2 a barrel, still set for weekly drop on recession fears")
Life may get tougher for mid, small size HFCs amid rising rates: Analysts
Analysts warn that housing finance companies (HFCs), which cater largely to affordable housing segment, may see some margin erosion
 "Life may get tougher for mid, small size HFCs amid rising rates: Analysts")
Invest in dynamic bond funds to navigate impact of interest rate cycle
They outshine short-duration funds: Fund managers
 "Invest in dynamic bond funds to navigate impact of interest rate cycle")
Reserve Bank likely to raise interest rates twice before weighing a pause
June's jumbo hike, which followed a 40 basis points increase in May, is prompting analysts from Nomura Holdings Inc. and Barclays Plc to pencil in a 35 basis-point move in August
 "Reserve Bank likely to raise interest rates twice before weighing a pause")
MPC members indicate more rate hikes to tackle rising inflation
The rate-setting committee has increased the policy repo rate by 90 basis points in May and June, to 4.9 per cent
 "MPC members indicate more rate hikes to tackle rising inflation")
