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Source: Live Mint Wall Street stocks edged lower on Monday, as Treasury yields climbed after robust jobs data last week bolstered expectations of a hawkish stance by the Federal Reserve for this year. Artificial-intelligence companies and bitcoin-related stocks were leading the markets down. At 09:50 a.m. the Dow Jones Industrial Average rose 105.06 points, or…
Source: Live Mint The week ahead for Wall Street investors is going to be busy as they will witness crucial inflation data, with producer and consumer price reports slated to be declared. Among other economic data, market participants will also get retail sales and industrial production reports to monitor. The week will also see earnings…
Source: Live Mint Strong economic data raises prospect of yields surging further Some fear inflation rebound, see risk of Fed hike Higher yields could further wobble stocks Some see 5% yield as threshold for allocation shifts NEW YORK, – A recent surge in U.S. Treasury yields may gain even more momentum after a strong jobs…
Source: Live Mint The US dollar surged after a hotter-than-expected jobs report reinforced speculation that the Federal Reserve will hold off on cutting interest rates again until the second half of the year. The prospect pushed up the currency against almost all of its major peers, driving Australia’s dollar to the lowest since April 2020,…
Source: Live Mint US stock indices declined on Wednesday after softer-than-expected jobs data and a media report that said President-elect Donald Trump was mulling a national economic emergency declaration. An ADP National Employment report showed the US added 122,000 jobs in the private sector in December 2024. A separate Labor Department report showed jobless claims…
Source: Live Mint In March the rupee was at 82.77 to the US dollar. Currently, it is around 85.25, which is a drop of about 3%. We will look at the reasons for this depreciation, but the important point is that our external situation – as measured by our current account deficit (CAD) and balance…
Source: Live Mint US stocks dropped on Monday on a sell-off in Big Tech companies and on elevated Treasury yields. At 09:57 am ET, the Dow Jones Industrial Average fell 651.52 points, or 1.52 per cent, to 42,340.69, the S&P 500 lost 89.52 points, or 1.51 per cent, to 5,881.32 and the Nasdaq Composite lost…
Source: Live Mint After a sharp sell-off on Wall Street last week, market participants will witness sparse economic data in the holiday-shortened week ahead. No major events are scheduled in the week. The sell-off thwarted the seasonal Santa Claus rally, in which stocks rise on the last five sessions of December and the first two…
Source: Live Mint (Bloomberg) — The dollar is headed for its best year in almost a decade as US economic strength reins in expectations for the Federal Reserve’s rate-cutting cycle and President-elect Donald Trump’s threats of harsh tariffs underpin bullish bets on the currency. The Bloomberg Dollar Spot Index rose more than 7% so far…
Source: Live Mint NEW YORK (Reuters) – The U.S. dollar edged higher on Thursday on expectations the currency would be boosted next year by policies by the incoming Donald Trump administration that are expected to boost growth and lift inflation. Trading volumes were light on Thursday with many traders on holiday after Wednesday’s Christmas holiday…
