Bonds have held onto a bounce-back after the 10-year Treasury yield breached 5% on Monday, with the benchmark yield firm at 4.82% in Tokyo trade.
Gold firms as US bond yields slip with focus on Middle East
Spot gold gained 0.2% to $1,974.29 per ounce by 0104 GMT, having declined in the previous two sessions and trading below five-month highs hit last week. U.S. gold futures
ETMarkets Smart Talk: Banks, defence, real estate, cement top sectors to benefit from economic expansion: Dr. Poonam Tandon
“SIP flows continue to be strong despite global headwinds as the domestic economy is showing resilience. We are also seeing more NFOs being launched, especially in multi-cap, small-cap, and thematic space to plug in any gap in the product offerings. An investor should consider various factors for selecting a fund such as fund manager experience, performance history, expense ratio, type of scheme, assets under management and investment objective.”
Asian shares hit 11-month lows; focus on US economic data
MSCI’s broadest index of Asia-Pacific shares outside Japan was 0.28% lower at 473.37, having touched 472.73 – the lowest since November 2022. The index is down 3% for the month and set for its third consecutive month in the red. Japan’s Nikkei fell nearly 1%.
ETMarkets AIF Talk: Staying on top! This AIF fund turns Rs 10 cr to Rs 29 cr in 3 years
First Water Capital Fund, managed by Arun Chulani, has delivered impressive returns, with a 5.4% gain in September 2023, making the 1-year return close to 47% and the 3-year rolling return at 43%. The fund has been ranked number one by Barclay Hedge’s in the “Top 10 Equity-Long Only Hedge Funds” category, with a Dollar CAGR of 34%. Chulani attributes the fund’s success to sticking with industries they understand and focusing on companies with strong balance sheets. He also emphasizes the need to embrace volatility and manage risk effectively.
Taking Stock: Fag-end selling leads to bloodbath, investors lose Rs 7.66 lakh crore
All east Asian indices closed in the red while the European market also opened lower. Surging US bond yield is one of the key reasons that is hurting markets across the world.Mid-Day Mood | Indices trade lower as consolidation continues, Nifty falls below 19,500
Though crude prices eased a bit on Monday, Brent and WTI contracts still remain elevated above $90 per barrel. On the other hand, US 10-year yield hovers near the 5 percent mark, making the case for equities weakerDalal Street Week Ahead | Q2 earnings, Powell speech, ECB rate decision among factors to watch
Even as the earnings season is playing out to script, global macroeconomic factors could linger a while. The US 10-year yield touched 5 percent as the Fed looks to extend its monetary tightening. For India, the bigger worry could be a spike in crude price if the Middle East tension continues to be on the boilPositive Breakout: Godrej Consumer Products and 3 other stocks cross above their 200 DMA
Buy One97 Communications, target price Rs 1050: Nuvama
One97 Communications Ltd. key Products/Revenue Segments include Sale of services and Other Operating Revenue for the year ending 31-Mar-2023.