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Source: Live Mint Bitcoin prices jumped past $71,000 for the first time since June on Tuesday, boosted by inflows into dedicated exchange-traded funds and speculation about the US Presidential Election next week. The largest digital asset, Bitcoin was up 5% at $71,020. Bitcoin prices hit an all-time high of $73,750 in March and have jumped…
Source: Live Mint US bond yields have been on an upward trajectory, with the benchmark 10-year Treasury yield reaching a three-month high on Wednesday. This sudden rise in bond yields, occurring ahead of the 2024 US Presidential Election, has exerted downward pressure on global equity markets. The 10-year Treasury yield has surpassed critical technical levels,…
Source: Live Mint Indian stock market: The domestic equity benchmark indices, Sensex and Nifty 50, are expected to open on a muted note and remain volatile on Tuesday amid cautiousness over weak global market cues. Asian markets traded lower, while the US stock market ended mixed overnight, weighed down by rising Treasury yields. Markets are…
Source: Live Mint Stock market today: Indian market ended Friday’s session lower, weighed down by auto and banking stocks. Although pharma and metal stocks provided some support, it was insufficient to lift the indices higher. Consequently, the Nifty 50 closed the session with a drop of 0.14%, finishing below the 25,000 for the third straight…
Source: Business Standard Repeated interventions by the Reserve Bank of India (RBI) over the last two months had helped the rupee hold above the key level of 84 per dollar | (Photo: Shutterstock) 2 min read Last Updated : Oct 11 2024 | 12:41 PM IST The rupee breached the 84 mark against the…
Source: Live Mint Indian stock market: The domestic equity market indices, Sensex and Nifty 50, are expected to open higher on Thursday following a rally in global markets. Asian markets traded higher, while the US stock market ended with strong gains overnight, with the S&P 500 and the Dow Jones reaching record closing highs. On…
Source: Business Standard The dollar index, which measures the U.S. currency against major rivals, slipped 0.2% to 102.31. 4 min read Last Updated : Oct 08 2024 | 4:11 PM IST The dollar eased from near seven-week highs against major currencies on Tuesday after investors assessed the outlook for U.S. rate cuts, even as…
Source: Business Standard The central bank last hiked the repo rate to 6.5 per cent in February 2023 and since then, it has held the rate at the same leve (Photo: Shutterstock) 5 min read Last Updated : Oct 06 2024 | 1:54 PM IST The Reserve Bank is unlikely to cut the benchmark…
Source: Live Mint The US Federal Reserve’s unexpected 50 bps rate cut and its shift in policy are boosting the emerging markets. After the event, it was highly expected to do so in anticipation of an influx of FII inflows. There is courtesy of the dollar to depreciate and EMs currency to appreciate as the…
Source: Live Mint International crude oil prices reversed their gains picked after the US Federal Reserve’s supersized interest rate cut and dropped over three per cent on Thursday, September 26, on a media report that Saudi Arabia, the world’s top crude exporter, will give up its price target in preparation for raising output. Brent crude…
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