STOXX 600 falls to two-week low; defensive utilities among smallest decliners
Spot gold fell 0.5% to $1,779.52 per ounce by 0640 GMT
As Jerome Powell nears the end of his term as Federal Reserve chair, Yellen is getting another chance to shape the future of the central bank.
It appears that the Fed is deviating from monetary-policy rules. But history tells us that it cannot continue indefinitely
Global shares hit record highs Wednesday after data showed US consumer price increases slowed in July, easing concerns that the Federal Reserve will imminently signal a scaling back of bond purchases
The dollar also scaled a four-month high versus the euro as investors looked ahead to U.S. inflation numbers on Wednesday
The Indian rupee weakened on Tuesday to its lowest level in almost two weeks, in line with other Asian currencies
The 10-year Treasury yield rose to as high as 1.336% in London trade, its highest in more than three weeks.
Spot gold fell 1.1% to $1,744.25 per ounce by 0616 GMT.
A positive jobs report spurred Wall Street to push some stocks and Treasuries higher on Friday, but investor optimism was tempered by looming inflation, declining Federal Reserve stimulus
US stocks and oil prices rebounded as unemployment claims declined and the trade deficit widened, positive economic data in the face of rising Covid-19 cases and signals of declining Fed stimulus
The MSCI world shares index was steady at 729.68, versus a record peak of 731.88 hit in the previous session.
Developing-nation equities are headed for their worst month since the March 2020 rout
The Fed has been buying $80 billion of Treasuries and $40 billion of mortgage-backed securities a month to help the economy heal from Covid-19 downturn
Spot gold was steady at $1,827.28 per ounce by 0256 GMT, having hit its highest since July 15 at $1,832.40 on Thursday
Tata Steel hogged the limelight in the Sensex pack, rallying 6.87%
Tata Steel (up 6.8 per cent), Bajaj twins, SBI, HCL Tech, and Sun Pharma were the top gainers on the Sensex today
Business Standard brings to you the top headlines on Thursday
The Fed also said that higher inflation remained the result of "transitory factors," meaning it was not an imminent risk
Any move to shrink policy support will be based on progress on the Fed's goals for jobs and inflation