News

The OPEC+ alliance of oil-exporting countries on Wednesday will debate a potentially large cut in the amount of crude it ships to the global economy – a move that could help Russia weather a looming European ban on oil imports and raise gasoline prices for US drivers just ahead of national midterm elections. Energy ministers
The always awesome Newsquawk US Market Open: European bourses/US futures under pressure amid a firmer USD & further debt downside Full Note Summary: European bourses are under pressure following the strong gains seen in Tuesday’s session with fresh newsflow fairly limited heading into key US data, Euro Stoxx 50 -1.1%. Stateside, ahead of those metrics
Gold prices in the national capital jumped Rs 980 to Rs 51,718 per 10 grams on Tuesday amid a rally in the prices of precious metal in the international market, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 50,738 per 10 grams. Silver prices zoomed by Rs 3,790
European majors are trading generally higher today, as led by Euro this time. In particular, Euro looks set to reclaim parity against Dollar with current rebound. On the other hand, commodity currencies are trading lower together with Yen. Aussie is under renewed selling pressure, as traders continue to assess RBA’s smaller than expected rate hike.
Australian Dollar dips broadly today after RBA delivered a smaller than expected rate hike. But the selloff in Aussie is so relatively limited. New Zealand Dollar follows lower, ahead of tomorrow’s RBNZ rate decision. RBNZ is expected to hike by 50bps, but now it’s not totally certain given that tightening is already “mature”. Sterling is
Funds appear to be flowing out of Euro and Swiss Franc, in relatively quiet trading today. Some focuses are on the Euro-denominated bonds issued by Credit Suisse, which dropped to record lows. Investors are concerned about the Swiss bank’s restructuring program, due to be announced later in the month. Euro and Franc are the worst
Gold rose by Rs 161 to Rs 50,682 per 10 gram in the national capital on Monday amid a rise in prices of the metal in international market, according to Securities. In the previous trade, the yellow metal had touched Rs 50,521 per 10 gram. Silver also rallied by Rs 1,010 to Rs 58,039 per
Sterling strengthens entering into European session, on rumors that UK Prime Minister Liz Truss to preparing to do a U-turn on tax and spending cuts. The talks came after Truss faced heavy scrutiny from Tory rebellions at the Conservative Party Conference. Markets are steady elsewhere, though. Traders are holding their bets for now, and await
The Securities and Exchange Board of India (Sebi) on Thursday came out with the framework for foreign investors to participate in exchange-traded commodity derivatives. The regulator said foreign portfolio investors (FPIs) will be allowed only in cash-settled non-agricultural commodity derivative contracts and indices. FPIs other than individuals, family offices and corporates may participate in commodity