Fed funds futures contracts for December on Monday reflected expectations of around 60 basis points in rate cuts this year, compared to some 150 basis points that had been priced at the start of 2024. The prospect of a first 25 basis point cut in June stood at 49%, down from 57% a week ago, CME Group data showed on Monday.
Yen feels the heat as US Treasury yields climb
The greenback added 0.03% to 151.87 yen, holding near a 34-year high of 151.975 yen hit last month as Japanese officials continued to ramp up their jawboning efforts in a bid to defend the currency.
Gold prices edge higher as markets await Fed minutes, CPI data
The U.S. CPI data and the minutes of the Fed’s March policy meeting are due on Wednesday, which could help gauge the timing of the widely-expected rate cuts.
Taking Stock: Nifty, Sensex scale greater peaks to settle at record highs
The Nifty, Sensex scaled fresh all-time highs in today#39;s session but pared some of the early gains to settle around the day#39;s highsSensex, Nifty settle at fresh closing highs; Q4 results, global equities eyed for cues
Twelve out of 15 Nifty sectoral indices were trading in the green. The Oil Gas and Realty indices gained over 1 percent, followed by Auto and IT indices which also witnessed buying actionIndia stocks @ Rs 400 trillion: What the ‘Buffett indicator’ tell us about the future course
Market experts say that the ongoing bull run in India is unparalleled in terms of wealth generation, yet caution is advised due to the sustained upward trend and frothy valuations.Vodafone Idea board clears raising Rs 2075 cr from Aditya Birla Group via preferential issue
On Saturday, Vodafone Idea’s board approved raising Rs 2,075 crore from an Aditya Birla Group entity through a preferential share issue, crucial for the financially strained telecom company’s revival. The board also sanctioned an increase in authorized share capital.
Wipro CEO Thierry Delaporte quits, to be replaced by Americas chief Srini Pallia
Srinivas Pallia, who was the CEO for the company’s Americas 1 area, will take over as the new CEO and Managing Director from April 7, the company added.
Bodhi Tree Multimedia stock soars on Netflix Deal, analysts predict Rs 450 price target in 1 year
Fueling the Fire: A Lucrative Partnership with Netflix BTML, a player in the film and entertainment industry, might already be familiar to viewers who have enjoyed their content on platforms like Netflix, Amazon, and Zee. However, the company’s recent game-changer is a massive deal with Netflix.
Wall Street indexes rise after strong jobs data
U.S. Labor Department data showed employers hired far more workers in March than expected and kept steadily lifting wages, suggesting the economy ended the first quarter on solid ground.