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Source: Live Mint US stocks surged on Friday after a strong labor report eased concerns about a slowdown in the jobs market. The US government data showed employers added 254,000 more jobs to their payrolls in September as compared to 159,000 in August. As of 12:55 pm Eastern time, the S&P 500 was up 0.5…
Source: Business Standard 5 min read Last Updated : Oct 04 2024 | 2:52 PM IST Developments in West Asia have triggered a panic-like situation across global equity markets. Puneet Wadhwa caught up with SHANKAR SHARMA, founder, GQuant Investech in New Delhi on his interpretation of the developments. Investor’s focus on China, he believes,…
Source: Live Mint The Indian stock market experienced a significant downturn on Thursday, 3 October, influenced by several key factors, including escalating tensions in the Middle East that have heightened geopolitical concerns and increased investor caution. Further, the release of US private employment data on Wednesday supported the view that the Federal Reserve does not…
Source: Business Standard Reserve Bank of India | (Photo: Shutterstock) 3 min read Last Updated : Oct 03 2024 | 10:58 PM IST Interest rates are expected to decline soon after remaining elevated for an extended period. After the US Federal Reserve’s recent 50-basis-point (bps) cut, other central banks, including the Reserve Bank of…
Source: Live Mint US equity indices were mixed on Monday as investors awaited economic data and comments from Federal Reserve Chair Jerome Powell. Powell is slated to speak later in the day on the economic outlook at the National Association for Business Economics event. In the week ahead, several economic data including jobs report for…
Source: Live Mint Wall Street in the week ahead is expected to be guided by several economic data such as jobs report for September, S&P manufacturing and services PMIs. The employment numbers could impact investors’ views on the Federal Reserve’s next move at its monetary policy meeting on November 6-7. Market participants will also closely…
Source: Business Standard The Indian rupee is likely to open little changed on Friday as traders gauge the pullback in odds. (Photo: Shutterstock) 2 min read Last Updated : Sep 27 2024 | 9:01 AM IST The Indian rupee is likely to open little changed on Friday as traders gauge the pullback in odds…
Source: Live Mint US stocks edged higher on Thursday as Micron’s upbeat forecast revived the frenzy around artificial intelligence. At the opening bell, the Dow Jones Industrial Average rose 198.7 points, or 0.47%, to 42,113.42. The S&P 500 rose 40.0 points, or 0.70%, to 5,762.22, while the Nasdaq Composite rose 245.1 points, or 1.36%, to…
Source: Live Mint The fund house is betting big on exchange traded funds (ETF) and believes it has the strongest back-end to be the best in this space. In an interview with Mint, Swarup Mohanty, vice chairman & CEO, Mirae Asset Investment Managers (India) discussed upcoming RBI policy, GDP growth, changing risk profile of investors,…
Source: Business Standard The trader expects the rupee to drift lower to 83.75, the middle of its recent trading range, over the next few sessions (Photo: Shutterstock) 2 min read Last Updated : Sep 26 2024 | 9:48 AM IST The Indian rupee is expected to struggle on Thursday after it was unable to…
