The FinTech Hub
Source: Live Mint The S&P 500 and the Nasdaq edged lower while Dow Jones rose on Monday, ahead of the Federal Reserve’s monetary policy decision later this week. Investors cautiously awaited the Federal Reserve’s first interest rate cut since 2020 on Wednesday. At 09:50 a.m. the Dow Jones Industrial Average rose 260.54 points, or 0.63…
Source: Live Mint On Wall Street in the week ahead, market participants’ focus will be on the US Federal Reserve’s two day monetary policy meeting starting September 17. The US central bank is widely expected to slash interest rates for the first time since 2020. Following the Fed monetary policy committee’s decision on interest rates,…
Source: Business Standard Photo Credit: Ruby Sharma 1 min read Last Updated : Sep 13 2024 | 10:34 PM IST State-run Indian Bank has raised Rs 5,000 crore through the issuance of long-term infrastructure bonds. The bank received a total of 88 bids amounting to Rs 13,680 crore against the total issue size…
Source: Business Standard Illustration: Ajay Mohanty 3 min read Last Updated : Sep 13 2024 | 8:00 PM IST Government bond yields fell on Friday amid rising expectations of a significant rate cut by the US Federal Reserve next week, said dealers. The probability of a 50 basis point rate cut by the US…
Source: Live Mint US stocks were mixed on Thursday after hot Producer Prices Index (PPI) data. US wholesale prices rose by 0.2 per cent in August, putting the index on an annual basis at 1.7 per cent, down from a revised 2.1 per cent. The PPI, excluding food and energy components, rose by 0.3 per…
Source: Live Mint US stock indices were mixed on Wednesday after the latest inflation data. At the opening bell, the Dow Jones Industrial Average fell 98.2 points, or 0.24%, to 40638.76. The S&P 500 fell 0.9 point, or 0.02%, to 5496.42, while the Nasdaq Composite rose 35.5 points, or 0.21%, to 17061.406. Oil prices climbed…
Source: Live Mint US stocks were mixed on Tuesday ahead of key inflation data later this week. The latest data could provide clues on the size of the expected interest rate cut by the Federal Reserve on September 18. As of 9:40 a.m. Eastern time, the Dow Jones Industrial Average was down less than 0.1…
Source: Live Mint The Dow Jones rose 0.52%, the S&P 500 added 0.62%, the Nasdaq rose 0.87% Read Full Article
Source: Live Mint Interest rate is cost of money. Lower the rate, easier it is to borrow. From the equity market perspective, money being one of the inputs for business, performance will be that much better. Not just for production, money finds its way into asset markets as well, e.g. equity market, for deployment. Hence…
Source: Live Mint After Friday’s rout on Wall Street due to disappointing jobs data, in the week ahead investors will have three major economic reports to watch closely. A jobs report released by the US Labor Department on Friday showed a continued slowdown in the labor market. Next week, the economic calendar will feature reports…
