Key points: Rupee poised to open slightly higher, supported by bond inflows. U.S. Treasury yields reach near two-week high, posing challenges for Asian currencies. The Indian rupee is anticipated to open slightly higher on Thursday, driven by expected inflows from …
WTI and Brent crude oil prices fall due to unexpected rise in US inventories and market caution ahead of the US PCE data. Geopolitical tensions add to supply concerns.
Key points: The Japanese yen remains near a 38-year low, hovering around 160 per dollar, raising concerns of possible intervention by Japanese authorities. US dollar strength continues as markets are in anticipation of its inflation data. This article is a follow-up …
Key Points: The Dow Jones Industrial Average added 0.7%, driven by gains in consumer sectors. In contrast, the S&P 500 declined by 0.3%, and the Nasdaq composite slumped over 1%, dragged down by chipmakers. Nvidia (NVDA) was a major …
Silver prices (Symbol: XAGUSD) have been on an upward trajectory in 2024 with 21% year-to-date, making it one of the best-performing commodities this year. Silver has outperformed its metallic counterparts, gold and copper, as well as the S&P 500 index. …
Key points Australian dollar rises 0.4% to $0.6675 Annual inflation jumps to 4.0% in May, above forecasts Market prices in higher probability of rate hike The Australian dollar surged higher on Wednesday after data revealed that inflation accelerated much more …
Key points S&P 500, Nasdaq end higher, Dow down U.S. dollar index edges up, dollar up vs yen Nvidia shares bounce after recent losses Global stock indexes mostly climbed on Tuesday, with shares of AI chipmaker Nvidia bouncing after a …
Key points: Nikkei finished up 0.95% at 39,173.15, highest since April 15 Weaker yen boosts export-related shares, with Toyota Motor closing up 4.6% Japan’s Nikkei share average closed on Tuesday at its highest level in more than two months, marking …
Key points: Upcoming US inflation data including first-quarter gross domestic product (GDP) and the personal consumption expenditures (PCE) price index report will be released later this week. These reports are crucial in revealing inflation trends and can change the …
Key points: Yuan dropped to 7.2630 in morning trade, its lowest since November PBOC set the midpoint rate at 7.1225 per dollar, the weakest since November China’s yuan eased to a fresh seven-month low against the dollar on Tuesday, signaling …
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