Page 19 - Us Federal Reserve

Global stocks fall on Fed rate hike bets, yen drops to 24-year low

European stock markets opened in the red on Wednesday after US economic data prompted traders to ramp up Federal Reserve rate hikes bets, pushing the dollar to a 24-year high against the Japanese yen

Dollar hits 24-year peak against yen on bets for aggressive Fed tightening

The dollar hit a 24-year peak against the yen and reached new highs versus the Australian and New Zealand dollars on Wednesday after U.S. economic data reinforced the view on Fed policy tightening

Wall St extends losses as Fed worries remain; Bed Bath & Beyond shares sink

Bed Bath & Beyond shares sink after CFO's death; Wall Street coming off three straight week of declines

Rupee held its own despite sharp depreciation in other currencies: RBI Guv

Das said that the Indian rupee has "held its own" and moved in an "orderly manner at a time of sharp depreciation in other currencies"

RBI is anchoring expectations on rupee weakness, says Shaktikanta Das

He expects inflation to fall within tolerance band by January-March

India, US correlation weakens as equity markets take divergent path

The BSE Sensex has declined merely 2.5 per cent, even as the Dow Jones declined close to 8 per cent.

Wall Street Week Ahead: Defensives, energy, dividend plays gain favour

The S&P 500 is down 9% since mid-August, partially reversing a summer rebound after Federal Reserve Chair warned the central bank's single-minded fight against inflation could lead to economic pain

Rupee closes at 79.8 versus dollar amid rise in crude oil, hawkish Fed view

Rupee logs first weekly gain in four, outperforms all EM currencies

Crypto weekly wrap: Bitcoin to rise once it reaches $20,400, say experts

For Ethereum, which is scheduled to go for 'The Merge' on September 6, will likely break out of the $2,000 level before the event, experts suggest

Indian bond yields up for second straight day on debt supply woes

The benchmark 10-year Indian government bond yield ended at 7.2318%. The yield rose two basis points on Thursday to end at 7.2146%

Equities turn unattractive for Credit Suisse; cuts rating to underweight

Markets, Credit Suisse said, had factored in excessive hope and not enough economic realities ahead of the Jackson Hole Symposium

Amid global selloff, markets see intraday wild swings, Sensex down1,015 pts

The benchmark Sensex opened gap-down 827 points (down 1.4 per cent), then went on to fall -1,015 points, or 1.7 per cent over its previous day's close

Rupee expected to trade in Rs 79.75-80.0/$ range in the near-term: Report

The Indian rupee is expected to trade in the range of 79.75-80.00 against the US dollar in the near term because the US Federal Reserve Chair has clearly signalled higher rates are likely to stay

Re to remain under pressure, may test new levels: Experts on Fed rate hikes

Indian rupee, which earlier this week touched an all-time low, is likely to remain under pressure and may test new levels as a fallout of the US Federal Reserve indicating more interest rate hikes, experts said. The aggressive rate hikes will dampen demand and increase the possibility of a recession in the US. This could accelerate the pace of capital outflows, weaken the rupee and raise the threat of imported inflation. The Fed rate hikes narrow the difference between the interest rates of India and the US, making India less attractive for dollar investment. This could lead to capital outflows, and coupled with elevated crude oil and commodity prices may depress the rupee further, experts said. Also, there is a threat of imported inflation. Even if the global prices remain unchanged, a weaker rupee means India is paying more for its imports and thus higher inflation. India is 85 per cent dependent on imports to meet its crude oil needs and 50 per cent for its gas requirement. The

Oil prices fall 3% on recession fears; China factory data disappoints

Brent crude futures for October, due to expire on Wednesday, were down $3.56 at $95.75 a barrel following Tuesday's $5.78 loss

Fed policy action, RBI rate decision key driving factors for mkts: Analysts

The US Fed policy action, RBI rate decision and foreign fund flows are some of the major factors that will guide the equity markets in the near-term, analysts said on Wednesday. Besides these, September quarter earnings announcements would also pave the way for the markets, whose overall structure remains bullish, they added. From its 52-week low of 50,921.22 quoted on June 17 this year, the Sensex has jumped 16.91 per cent till now. The Nifty has climbed 16.96 per cent from its 52-week low of 15,183.40 on June 17 this year. So far in 2022, the BSE Sensex has climbed 2.20 per cent and the Nifty has advanced 2.33 per cent. "We believe that the underlying market is bullish. Given India's stance as a high-performing economy, there are many reasons for India to be an excellent performer as we advance," said Sunil Damania, Chief Investment Officer, MarketsMojo. He said the rupee has stabilized after hitting an all-time low level. The rupee is currently hovering at 79.50 against the US

ECB rate hike bets hoist euro; hawkish Fed comments bolster US dollar

Another month of manufacturing contraction is expected for August, with a reading of 49.2 forecast, marginally higher than the 49.0 reading in July

As FPIs turn net-sellers; MFs, insurers become big buyers on D-Street

DII stake in BSE 500 companies up nearly 55% in seven years

Wall Street falls as job openings data adds to rate hike jitters

Best Buy sales beat estimates as discounts spur demand; Jobs openings in July rises sharply

Copper prices slide after Fed's growth warning triggers sell-off

Benchmark copper on the London Metal Exchange (LME) was down 3.5% at $7,875 a tonne by 1603 GMT, having touched its lowest since Aug. 8 at $7,846.