Page 52 - Us Federal Reserve
Gold steady as investors await US jobs data to gauge Fed's taper path
Spot gold was little changed at $1,814.58 per ounce by 0646 GMT, while U.S. gold futures traded flat at $1,816.50.
 "Gold steady as investors await US jobs data to gauge Fed's taper path")
Tantrum fears fade as riskier EM bonds rise to defy taper talk
Fixed-income securities issued by South Africa, Turkey, Indonesia and India posted the biggest gains among 46 sovereign markets, returning at least 1.2% last month, excluding currency fluctuations
 "Tantrum fears fade as riskier EM bonds rise to defy taper talk")
Optimistic valuations
Markets continue to run ahead of fundamentals
 "Optimistic valuations")
India not to be impacted by US Fed's likely liquidity taper: Govt official
India will not be impacted by the US Federal Reserve's move to tighten liquidity expected later this year, as India's macro-economic fundamentals are strong, CEA K V Subramanian said
 "India not to be impacted by US Fed's likely liquidity taper: Govt official")
US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan
"The Fed thinks it has time" to slow-walk the tightening process, especially given longer-term disinflationary forces like aging, automation and globalization, Raghuram Rajan said in an interview
 "US Fed now risks too-slow taper after too fast in 2013, says Raghuram Rajan")
Sensex, Nifty post record highs after Federal Reserve's dovish stance
Sensex, Nifty jump 1.4%, log new highs
 "Sensex, Nifty post record highs after Federal Reserve's dovish stance")
Rupee continues to rise on Fed Chair Powell's take on taper
Experts say RBI won't allow Rs to appreciate out of sync with Asian currencies
 "Rupee continues to rise on Fed Chair Powell's take on taper")
India will continue to be a favoured investment destination: Mihir Vora
Keeping the short-term reactions aside, the impact of any taper really depends on the circumstances under which the US Fed starts tapering, he said.
 "India will continue to be a favoured investment destination: Mihir Vora")
Investors richer by Rs 4 trn as Sensex zooms 765 pts, ends near 56,900
Investor wealth rose by Rs 3.6 trillion on the BSE today, taking m-cap of all listed BSE companies to Rs 247.34 trillion
 "Investors richer by Rs 4 trn as Sensex zooms 765 pts, ends near 56,900")
Gold prices ease as global equities climb on Fed's dovish stance
Spot gold was down 0.2% at $1,813.76 per ounce, as of 0727 GMT. Earlier in the session, bullion scaled to its highest since Aug. 4 at $1,822.92.
Jerome Powell speech unlikely to stir India markets, deter foreign inflows
On the contrary, flows into India may surge if the Covid situation remains in control, say experts
 "Jerome Powell speech unlikely to stir India markets, deter foreign inflows")
No taper tantrum
India must address risks to financial stability
 "No taper tantrum")
Fed Chair says taper could start in 2021, with no rush on rate hike
Powell said US economy continued to make progress towards the central bank's benchmarks for reducing its pandemic-era emergency programs, but stopped short of signaling the timing for any policy shift
 "Fed Chair says taper could start in 2021, with no rush on rate hike")
Rupee appreciates sharply ahead of Fed Chair speech as RBI steps aside
Closes Friday at 73.6950 to the dollar against its previous close of 74.2225, up 0.73 per cent, the highest since June 17
 "Rupee appreciates sharply ahead of Fed Chair speech as RBI steps aside")
Fed Chair gives no signal on start of bond-buying taper, weighs Delta risks
In a speech to the annual Jackson Hole economic conference, Powell indicated the Fed will remain cautious in any eventual decision to raise interest rates
 "Fed Chair gives no signal on start of bond-buying taper, weighs Delta risks")
Fed on track to slow aid for economy later this year, says Powell
The Federal Reserve will start dialing back its ultra-low-rate policies this year as long as hiring continues to improve
 "Fed on track to slow aid for economy later this year, says Powell")
World stock markets generally higher ahead of US Fed commentary
World stocks generally edged higher Friday as investors awaited more guidance on the U.S. Federal Reserve's easing plans. In early trading, Germany's DAX rose almost 0.1per cent to 15,797.05 and the FTSE 100 in Britain added 0.1per cent to 7,128.59. France's CAC 40 slipped less than 0.1per cent to 6,664.55, however. Wall Street was positioned for gains. Futures for the benchmark S&P 500 rose 0.3per cent to 4,480.25. That of the Dow also gained 0.3per cent to 35,261.00. The moves in the U.S. and Europe followed an uninspired trading day in Asia. Markets are awaiting comments from Fed Chair Jerome Powell, who is to speak at the central bank's annual symposium in Jackson Hole, Wyoming, later Friday. Any indications of when the bank will start scaling back on asset purchases will be closely watched. So will any signs of concern about the coronavirus delta variant, which could signal a cautiousness toward tapering, analysts said. Several Fed officials have suggested that the easing ...
 "World stock markets generally higher ahead of US Fed commentary")
Gold falls as dollar inches higher, caution ahead of Jackson Hole
Spot gold fell 0.3% to $1,784.82 per ounce by 0705 GMT, while U.S. gold futures fell 0.3% to $1,785.00.
Asian shares spooked by Delta variant's spread as Jackson Hole looms
Investors are mostly waiting for the Federal Reserve's Jackson Hole symposium on Friday and what central bank chair Jerome Powell might say about U.S. tapering monetary stimulus
 "Asian shares spooked by Delta variant's spread as Jackson Hole looms")
Subdued investors keep powder dry ahead of Jerome Powell's speech
The STOXX index of 600 European companies, nudged 0.15% higher to 472.51 points, less than four points from its record high from earlier this month
 "Subdued investors keep powder dry ahead of Jerome Powell's speech")
