The U.S. Senate on Tuesday took a step forward on a bipartisan bill meant to stop the government from shutting down in just five days, while the House sought to push ahead with a conflicting measure backed only by Republicans.
Mid-day Mood | Autos, metals shine in subdued market amid spike in US bonds, weak Asian cues
Yields on US treasury bonds surged to a fresh 16-year peak overnight, tipping off a spike in the dollar index to a 10-month high of 106. Both these factors dampened sentiment for equitiesGold adrift as investors await more data for Fed rate clues
The European Central Bank’s record high deposit rate could help cut inflation to 2%, ECB President Christine Lagarde said on Monday, repeating the bank’s guidance that neither promises nor rules out further rate hikes.
Oil prices dip as high interest rate outlook outweighs tight supply
The world’s top economic policy makers, the U.S. Federal Reserve and the European Central Bank, have over the recent days reiterated their commitment to fight inflation, signalling tight policy may persist longer than previously anticipated. Higher interest rates slow economic growth, which curbs oil demand.
Wall Street posts gains as investors eye rate outlook
Investors are grappling with the rise in benchmark Treasury yields to 16-year highs after the Fed gave a hawkish longer-term rate outlook. The S&P 500 rebounded on Monday after last week it had its biggest weekly drop since March.
HDFC Sec takes on Zerodha, Groww with new platform #39;Sky#39;, bets big on margin trading facility
With HDFC Sky, the company is targeting the Gen-Z, millennials and new-age investors. The app will provide access to stocks, ETFs, MFs, FO, currencies, commodities, IPOs, and global equitiesHDFC Sec takes on Zerodha, Groww with new platform #39;Sky#39;, bets big on margin trading facility
With HDFC Sky, the company is targeting the Gen-Z, millennials and new-age investors. The app will provide access to stocks, ETFs, MFs, FO, currencies, commodities, IPOs, and global equities.Taking Stock: Market breaks 4-day losing streak; ends with mild gains
On the sectoral front, realty index rose 1.5 percent and bank index was up 0.3 percent, while Information Technology index fell 0.7 percent and capital goods index was down 0.3 percentBig movers on D-Street: What should investors do with Berger Paints, Glenmark Pharma and Union Bank?
Stocks that were in focus included names like Berger Paints, which rose 6.85%, Glenmark Pharma, which fell 2.98%, and Union Bank, whose shares jumped 5.39% on Thursday.
Sliding yen stokes intervention threat; dollar reigns
In the broader currency market, the dollar was on the front foot, extending its gains from last week after a still-hawkish Federal Reserve surprised markets by signalling U.S. rates would need to stay higher for longer than initially expected.