The dollar was last up 0.65% against the euro at $1.0536, and up 0.91% against the Japanese yen at 133.81
Global shares mostly rose Thursday following a rally on Wall Street as investors assessed minutes from the Federal Reserve's latest meeting of policymakers and welcomed encouraging data on US jobs. France's CAC 40 lost 0.6 per cent to 6,736.01 in early trading, while Germany's DAX fell 0.4 per cent to 14,438.94. Britain's FTSE 100 edged up 0.1 per cent to 7,595.23. US shares were set to drift higher with Dow futures up 0.3 per cent to 33,389.00. S&P 500 futures rose 0.5 per cent to 33,389.00. Worries over China's economic slowdown were weighing on Asian regional sentiment. Japan's benchmark Nikkei 225 rose 0.4 per cent to finish at 25,820.80. Australia's S&P/ASX 200 edged up nearly 0.1 per cent to 7,063.60. South Korea's Kospi added 0.4 per cent to 2,264.65. Hong Kong's Hang Seng jumped 1.3 per cent to 21,052.17, while the Shanghai Composite gained 1.0 per cent to 3,155.22. India's Sensex declined 1 per cent. Widespread COVID-19 cases in China have added to gloom over a ...
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices rose up to 0.4 per cent
The dollar surged in 2022 as the Fed hiked interest rates aggressively, luring investors towards higher-yielding US assets
The market now awaits the 2 p.m. EST release of the minutes from the Fed's Dec. 13-14 policy meeting
CLOSING BELL: TCS, Maruti, Divis's Labs, HDFC Life and Dr Reddy's were among the handful of stocks that held minor gains
Investors will parse the minutes to figure out whether more policy tightening is likely
Banks were also cautioned over the "contagion risk" from the sector
Global stock markets and Wall Street futures were higher Tuesday ahead of updates on US jobs amid fears of a possible global recession. Frankfurt, Shanghai and Hong Kong advanced. Seoul declined. Oil prices rose. Coming off a year of big declines for major stock markets, traders worry the Federal Reserve and other central banks might be willing to push the world into recession to cool inflation that is at multi-decade highs. Investors also are uneasy about the impact of Russia's war on Ukraine and China's COVID-19 outbreaks. Almost everyone is going into 2023 with a healthy dose of trepidation, Craig Erlam of Oanda said in a report. The DAX in Frankfurt opened up 0.2 per cent at 14,093.38 while the CAC-40 in Paris was unchanged at 6,594.63. On Wall Street, the futures for the benchmark S&P 500 index and the Dow Jones Industrial Average were up 0.5 per cent ahead of 2023's first day of US trading. The S&P 500 ended 2022 down 19.4 per cent, its biggest decline since the 2008 ...
CLOSING BELL: Broader markets, meanwhile, outperformed benchmark indices as Nifty MidCap 100 and Nifty SmallCap 100 indices surged up to 0.2 per cent
Gold prices hit a six-month high on Tuesday in thin trading, with the market's attention turning to minutes from the US Federal Reserve's latest policy meeting due this week
The dollar index, which measures the greenback against six major currencies, has made a subdued start to 2023 and was last up 0.068% at 103.710
2022 will be remembered for a plethora of things but these 10 events will perhaps be on top of the list
Silver prices rose Rs 1000 from yesterday's close and the precious metal is selling at Rs 71,300 per kg
The underperformance of the small-caps, according to analysts, was mostly due to rising raw material prices and the hike in rates by central banks, which in turn impacted their financial performance
Global equities were startled last week after the US Fed and European Central Bank warned of a long period of higher interest rates. Given this, will the markets witness extended correction this week?
It was a tough week for markets in India and the world. Interest rates were raised in the US on expected lines and the commentary post the meeting were not enough to soothe the nerves
The falling Tesla shares have hit Musk's net worth which fell to $174 billion, taking him to the second spot at the world's richest person's list
Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked
After scaling 40-year highs, inflation in the United States has been slowly easing since summer. Yet the Federal Reserve seems decidedly unimpressed and unconvinced that its fight against accelerating prices is anywhere near over. On Thursday, stock markets buckled on the growing realisation that the Fed may be willing to let the economy slide into recession if it decides that's what's needed to drive inflation back down to its 2 per cent annual target. The S&P 500 stock index lost roughly 100 points 2.5 per cent in its worst day since early November. The losses came a day after the Fed raised its benchmark interest rate for the seventh time this year. The half-point hike the Fed announced to a range of 4.25 per cent to 4.5 per cent had been widely expected. What spooked investors was Wall Street's growing understanding of how much further the Fed seems willing to go to defeat high inflation. In updated projections they issued Wednesday, the Fed's policymakers forecast that ..