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Source: Live Mint (Bloomberg) — Treasury yields rose on Monday as traders continue to see a slower pace of interest rate reductions by the Federal Reserve next year and the potential worsening of country’s fiscal backdrop under President-elect Donald Trump’s administration. The rise in longer-term Treasury yields outstripped that of shorter maturities, adding to the…
Source: Live Mint US stocks were muted on Monday, as a stopgap government funding bill averted a partial shutdown. At the open, the Dow Jones Industrial Average fell 39.8 points, or 0.09%, to 42800.49. The S&P 500 rose 9.4 points, or 0.16%, to 5940.25, while the Nasdaq Composite rose 68.5 points, or 0.35%, to 19641.05. …
Source: Live Mint By Ankur Banerjee and Greta Rosen Fondahn SINGAPORE (Reuters) -The euro edged lower against the dollar on Monday, while markets continued to digest the recent string of central bank meetings that pushed the dollar to a two-year high and set expectations for globally diverging rate cut paths in 2025. The dollar index,…
Source: Live Mint After the hawkish stance of the US Federal Reserve last week, investors on Wall Street in the holiday-shortened week ahead will face a largely uneventful economic calendar. On Wednesday, markets will remain shut due to Christmas holiday, while Tuesday will see a truncated trading session. As the year 2024 is nearing its…
Source: Live Mint (Bloomberg) — In 2022, after the Federal Reserve started raising rates at the fastest pace in decades, some blue-chip US companies vowed to start cutting their debt loads. Those days may be over now. Companies with BBB ratings boosted their share buybacks in the latest quarter for the first time since early…
Source: Live Mint Desperation swept over global markets on Thursday after the US Federal Reserve indicated a slower easing of interest rates, sending Indian stocks lower for the fourth day in a row. Markets now await the onset of the annual Santa Claus rally, when stocks tend to rise during the Christmas-New Year holiday season….
Source: Live Mint Fed lowers reverse repo rate by 30 basis points Fed reverse repo rate now 4.25%, matching low end of fed funds range Analyst expect Fed tweak to flush cash from reverse repo facility Dec 18 (Reuters) – The Federal Reserve adjusted a key part of its rate control toolkit on Wednesday, lowering…
Source: Live Mint US stock indices rose on Wednesday in anticipation of interest rate cut by the Federal Reserve, that is due to announce its final policy decision of this year later in the day. The central bank is widely expected to cut rates by a quarter point. At 12:00 pm ET, the Dow Jones…
Source: Live Mint US stocks slipped on Tuesday, as investors become cautious ahead of the Federal Reserve’s interest rate decision following strong retail sales data, At the open, the Dow Jones Industrial Average fell 61.0 points, or 0.14%, to 43,656.47. The S&P 500 fell 21.5 points, or 0.35%, to 6,052.55, while the Nasdaq Composite dropped…
Source: Live Mint (Updates for market close) By Hritam Mukherjee and Kashish Tandon Dec 17 (Reuters) – Indian shares slipped on Tuesday, on across-the-board selling as investors braced for the Federal Reserve’s monetary policy meeting for clues on its rate cut path next year. The NSE Nifty 50 fell 1.35% to 24,336 points as of…
