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Source: Live Mint On 1 February, Trump issued a 10% duty on Chinese imports and 25% tariffs on Canada and Mexico, with a lower 10% rate on Canadian energy exports. However, after negotiations, the tariffs on Canada and Mexico were temporarily suspended for 30 days, underscoring the evolving nature of these trade policies. Also read…
Source: Live Mint Gold at record high of $2,946.75/oz Trump says he will introduce 25% tariffs on autos Fed’s January meeting minutes due later in the day Silver could push higher from a valuation perspective: analyst (Updates with EMEA morning hours) By Sarah Qureshi and Anjana Anil Feb 19 (Reuters) – Gold prices advanced to…
Source: Live Mint LONDON – The dollar held steady against a range of currencies on Wednesday while the yen strengthened, as traders focused on talks over a Ukraine ceasefire and digested the latest round of tariff threats from U.S. President Donald Trump. The pound, meanwhile, got a small lift from a stronger-than-expected UK inflation print….
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a muted note on Wednesday, following mixed cues from global markets. Asian markets traded mixed, while the US stock market ended higher, with the S&P 500 touching record high. On Tuesday, the Indian stock market…
Source: Live Mint The corrective phase of India’s stock markets is expected to continue but a short-term bounce appears possible with bulls managing to defend the strong support of 22,800 points for a third time on Monday, according to market analysts. The benchmark Nifty 50 index recovered twice in the recent past from around that…
Source: Live Mint Hindalco Industries Ltd managed to sail through in the December quarter (Q3FY25). While its India business did well, the company’s US subsidiary Novelis remained under pressure, thanks to significantly higher aluminium scrap prices and an adverse product mix, which led to an 18% year-on-year drop in Ebitda. Note that about two-thirds of…
Source: Live Mint The Indian stock market resumed its corrective phase after snapping two weeks of recovery to extend its losing streak for eight straight sessions for the first time in two years. The sentiment remained negative from the very beginning, with a sell-on-rally sentiment amid several external triggers. Next, investors will monitor some key…
Source: Live Mint (Updates to mid-afternoon) Consumer data shows jump in inflation expectations Nonfarm payrolls rose 143,000 in January vs 307,000 in December Trump will announce new reciprocal tariffs next week NEW YORK, Feb 7 (Reuters) – Wall Street turned sharply lower and benchmark Treasury yields jumped on Friday in the wake of a mixed…
Source: Live Mint MUMBAI : Foreign portfolio investors (FPIs) had amassed a record 153,404 short contracts on Nifty and Bank Nifty futures as of Tuesday, a day before the Reserve Bank of India’s Monetary Policy Committee (MPC) begins its three-day meeting (5-7 February). Markets widely expect a 25-basis-point rate cut. “These shorts are at a…
Source: Live Mint The Canadian dollar rebounded from its 22-year low against the US dollar on Monday on hopes of Canada achieving a reprieve from US tariffs. The Canadian currency was trading 0.5% lower at 1.4590 to the US dollar, or 68.54 US cents, after earlier tumbling to its weakest level since April 2003 at…
