The US Federal Reserve has begun raising interest rates to counter surging inflation and investors have been selling yen to seek higher returns in dollar-denominated assets
The International Monetary Fund and World Bank fanned growth fears further last week when they cut 2022 global forecasts by nearly a full percentage point
RBI Repo rate hike: Retail inflation will likely soar further as a spike in global energy prices since Russia's invasion of Ukraine seeps into consumer prices
At 8.5%, the US is feeling the inflation heat. After the US Fed Chief hinted at a 50-bps rate hike in May, the Indian markets crashed last Friday. Does this mean a bearish market for investors ahead?
Jerome Powell is taking direct aim at strong demand that the central bank wants to cool
Following the two 75 bps hikes in June and July, Nomura expects the US Fed to hike rates by 25 bps at every meeting scheduled in 2022 and 2023
Apart from Fed rate hike, inflation and Russia-Ukraine war, it is the challenges within the soonicorn ecosystem that could spoil the billion-dollar party for many enterprises.
Investors were also preparing for the next barrage of earnings that will help them assess the impact of the Ukraine war and a spike in inflation on company financials
Adopting a cautious stance, foreign investors have pulled over Rs 4,500 crore from the Indian equity market last week on fears of an aggressive rate hike by US Federal Reserve.
China's exports, the last major growth driver, are also showing signs of fatigue, and some economists say the risks of a recession are rising
The euro slipped 0.14% to $1.0812, heading back toward the overnight low of $1.0785, a level unseen since April 2020.
In currency markets, Putin's remarks were a major driver with the euro up 0.1% against the dollar but just above a five-week low
The yen led losers against the dollar with the Japanese unit weakening 0.8% to cross the 126 yen to the dollar level for the first time since May 2002.
The Labor Department's report showed consumer prices shot up to 8.5% in 12 months through March, slightly higher than estimated 8.4%, although the so-called core CPI fell short of estimates at 6.5%
NEW YORK (Reuters) - The U.S. dollar index on Friday posted its largest weekly percentage gain in a month, supported by the prospect of a more aggressive pace of Federal Reserve tightening to curb soaring inflation.
The dollar index rose as high as 100 in early European trading hours, its best level since May 2020. It later lost some momentum and was last broadly flat at 99.844.
The rupee declined 11 paise to close at 75.95 (provisional) against USD on Thursday as the hawkish stance of US Fed affected investor sentiments in global markets and bolstered the American currency
Minutes of meeting showed Fed plans to shrink its $9-trn balance sheet by over $1 trn a year, pare bond holdings by $95 bn a month to cool off inflation which has hit four-decade high
Bond yields slipped from multi-year highs on Thursday, offering some respite to equities after US Fed minutes released previous day reinforced the rate-hike momentum already priced into markets
World shares were mixed Thursday after a retreat on Wall Street spurred by comments indicating the Federal Reserve intends to more aggressively tackle inflation. Benchmarks rose in Paris and Frankfurt after declines in most Asian markets. US futures fell while oil prices were higher. The Fed comments have added to investor unease over the war in Ukraine, coronavirus outbreaks in China and persistent high inflation. Minutes from the Fed's meeting last month showed policymaker's agreed to begin cutting the Fed's stockpile of Treasury's and mortgage-backed securities by about $95 billion a month, starting in May. That's more than some investors expected and nearly double the pace the last time the Fed shrank its balance sheet. European shares wobbled after the open, with the CAC 40 in Paris up 0.2% at 6,508.50 and Germany's DAX edging 0.1% lower to 14,141.12. The FTSE 100 in London shed 0.3% to 7,554.73. On Wall Street, the future for the S&P 500 was nearly unchanged. The future for