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Source: Live Mint (Updated to New York afternoon trading) NEW YORK, Jan 6 (Reuters) – The benchmark 10-year Treasury yield hit the highest since May on Monday while the 30-year yield posted a 14-month high before the Treasury’s auction of longer-dated debt over the next two days. Demand was soft for the Treasury’s sale of…
Source: Live Mint Atul Singh, CEO, LGT Wealth India talks about the shifts in investment strategies, the growing appeal of alternative investments, and the evolving landscape for global diversification. Edited excerpts: Can you start by telling us a bit about LGT Wealth India and your role there? LGT is a global leader in private banking…
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 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…
Source: Live Mint Not long ago gold seemed to have lost its lustre. In the decades after President Richard Nixon abandoned the gold standard in 1971, the yellow metal fell out of favour with central banks, which hoarded their reserves in dollars instead. In the 1980s and 1990s investors and households grew weary of its…
Source: Live Mint Implications for India’s monetary policy The Reserve Bank of India (RBI) faces a delicate balancing act. With the Fed signalling a slower pace of rate cuts in 2025, foreign capital inflows into India could diminish, especially as US treasury yields become increasingly attractive. This may prompt the RBI to consider steps to…
Source: Live Mint US stock indices edged higher on Tuesday in a truncated trading session ahead of Christmas, led by gains in Big Tech shares. At 09:42 am the Dow Jones Industrial Average rose 32.38 points, or 0.08 per cent, to 42,939.33, the S&P 500 gained 21.68 points, or 0.36 per cent, to 5,995.75, and…
Source: Live Mint Implications for India’s monetary policy The Reserve Bank of India (RBI) faces a delicate balancing act. With the Fed signalling a slower pace of rate cuts in 2025, foreign capital inflows into India could diminish, especially as US treasury yields become increasingly attractive. This may prompt the RBI to consider steps to…
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. …
