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The Atlanta Fed third quarter GDP tracker jumped to 2.4% from 0.3% in today’s release. “After recent releases from the US Bureau of Economic Analysis and the US Census Bureau, the nowcasts of third-quarter personal consumption expenditures growth and third-quarter gross private domestic investment growth increased from 0.4 percent and -7.6 percent, respectively, to 1.0

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

ABC Australia is reporting that a major investment bank is on the brink, citing ‘a credible source’. Most are pointing towards Credit Suisse. It was caught out in the Archegos disaster and since then (Feb 2021) its share price has spiralled to $3.90 from $14.90. Moreover, the credit default swaps are at distressed levels. A

The rate paid for gas produced from old fields, which make up for about two-thirds of all gas produced in the country, was hiked to USD 8.57 per million British thermal units from the current USD 6.1, according to an order from the oil ministry’s Petroleum Planning and Analysis Cell (PPAC). Simultaneously, the price of

Sterling surprisingly ended as the best performer last week, as it staged an impressive U-turn after initial selloff. BoE’s intervention should have saved the Pound for now. The development also helped Euro rebound while Dollar trailed behind as third. Rally in Dollar looked a bit exhausted as it failed to ride on intensifying risk-off sentiment.

Markets: Gold up $1 to $1661 US 10-year yields up 6.1 bps to 3.81% WTI crude oil -$1.52 to $79.71 S&P 500 down 55 points, or 1.5%, to 3585 GBP leads, NZD lags Close the books on a brutal month and quarter. There was nowhere to hide with a nearly 10% decline in stocks in

Commodity prices are in a turmoil and financial and currency markets are volatile since the start of the Russia-Ukraine conflict. Policy tightening measures of central banks, strong US currency, and fears of recession hindered global economic activities. Since the Russian invasion of Ukraine, aluminium has lost its steam shedding prices to a one-and-a-half-year low. Prices

September is typically a seasonally weak for the US stock market , and it didn’t disappoint this month. The major stock indices are going out at the lows for the day, month, quarter. For the Nasdaq , the index is closing at the lowest level since July 2020. The Dow is closing at the lowest

Oil prices were little changed in early trade on Friday but headed for their first weekly gain in five weeks, underpinned by a weaker US dollar and the possibility that OPEC+ may agree to cut crude output when it meets on Oct. 5. US West Texas Intermediate (WTI) crude futures for November delivery rose 6

Dollar is lifted mildly after stronger than expected core PCE inflation reading. But overall markets are relatively quite in quarter-end trading. Sterling is still keeping its place as the strongest one for the week, but rebound appears to be losing some momentum. Euro is following as second, and then Swiss Franc. Yen is among the

Headlines: Markets: USD leads, NZD lags on the day European equtiies higher; S&P 500 futures up 0.1% US 10-year yields down 5 bps to 3.695% Gold up 0.2% to $1,663.33 WTI crude down 0.1% to $81.15 Bitcoin down 0.2% to $19,468 With month-end and quarter-end in focus, the market moves were scattered in European trading

Gold price in the national capital rose by Rs 406 to Rs 50,722 per 10 grams on Friday amid a rally in the international yellow metal prices, according to Securities. In the previous trade, the precious metal had closed at Rs 50,316 per 10 grams. Silver also jumped by Rs 905 to Rs 57,436 per

Sterling’s rebound extended further overnight as sentiment towards it continued to stabilized. Indeed, the Pound is trading up against Aussie and Canadian for the month. Sterling looks set to have a strong close for the week too. Commodity currencies are generally pressured today, together with steep decline in Japan Nikkei. But there is little risk

High risk warning: Foreign exchange trading carries a high level of risk that may not be suitable for all investors. Leverage creates additional risk and loss exposure. Before you decide to trade foreign exchange, carefully consider your investment objectives, experience level, and risk tolerance. You could lose some or all your initial investment; do not

Oil prices firmed on Thursday, erasing earlier losses, on indications that OPEC+ might cut output, though a stronger dollar and weak economic outlook kept a lid on gains. Brent crude futures rose 52 cents, or 0.6%, to $89.84 a barrel by 1027 GMT and U.S. crude futures rose by 52 cents, or 0.6%, to $82.67.

The forex markets are generally in consolidation mode today. Risk sentiment is slightly on the off side, but there is no serious selloff in stocks. Treasury yields in US, Germany and UK are trading mildly higher, giving Yen a little pressure. But commodity currencies are the weaker ones. On the other hand, Dollar is firmer

Headlines: Markets: USD leads, CAD lags on the day European equities lower; S&P 500 futures down 0.7% US 10-year yields up 12 bps to 3.825% Gold down 0.6% to $1,650.23 WTI crude up 0.3% to $82.38 Bitcoin down 0.5% to $19,467 After broad relief was seen in markets yesterday, we are seeing a return to

Gold rose by Rs 460 to Rs 49,960 per 10 gram in the national capital on Thursday amid a rally in prices of the precious metal in international market, according to Securities. In the previous trade, the yellow metal settled at Rs 49,500 per 10 gram. Silver also rallied by Rs 1,035 to Rs 56,230