Developing-nation equities are headed for their worst month since the March 2020 rout
The Fed has been buying $80 billion of Treasuries and $40 billion of mortgage-backed securities a month to help the economy heal from Covid-19 downturn
Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest since July 15 at $1,832.40 on Thursday
Tata Steel hogged the limelight in the Sensex pack, rallying 6.87%
Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today
Business Standard brings to you the top headlines on Thursday
The Fed also said that higher inflation remained the result of "transitory factors," meaning it was not an imminent risk
Any move to shrink policy support will be based on progress on the Fed's goals for jobs and inflation
In across the board selling by the investors, the benchmark indices tumbled for a third day while volatility shot up ahead of the US Federal Reserve outcome later today and Thursday's F&O expiry
Spot gold was up 0.4% at $1,806.00 per ounce, as of 0328 GMT. US gold futures rose 0.4% to $1,806.90
MSCI's broadest index of Asia-Pacific shares outside Japan dropped 0.35% in early trading
Spot gold was flat at $1,797.71 per ounce by 0324 GMT. US gold futures fell 0.1% to $1,797.70 per ounce.
Spot gold rose 0.3% to $1,806.80 per ounce by 0649 GMT.
TOKYO (Reuters) - The U.S. dollar hovered near its strongest level since early April against the euro on Monday, as financial markets looked ahead to the Federal Open Market Committee (FOMC) meeting this week for clues on the timing of stimulus tapering.
RBI should not continue to ignore inflation risks
Since the outbreak of the pandemic, the US Fed's balance sheet has risen 76 per cent from $4.2 trillion in March 2020 to $ 8.2 trillion on Wednesday
The remarks sent the pound higher as much as 0.3 per cent
Consumer prices soared in June by the most since 2008
'I am legitimately undecided on whether the benefits outweigh the costs or vice versa,' Powell said
Gold prices slipped on Thursday, just below a four-week high hit in the previous session as dollar clawed up in Asia trade after falling day before