Prior was -17.2 Employment 17.1 vs 15.0 last month Hours worked -0.1 from 8.0 last month New orders -8.8 from -6.4 last month Production 6.0 vs 9.3 last month Raw material price paid 32.0 vs 37.1 last month Prices received 22.2 vs 18.1 last month month Shipments -1.6 vs 7.1 last month Growth rate of
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Gold price in the national capital fell Rs 146 to Rs 50,612 per 10 grams on Monday amid a drop in precious metal prices in the overseas market along with appreciation in rupee, according to Securities. In the previous trade, the yellow metal had touched Rs 50,758 per 10 grams. Silver also declined by Rs
Dollar rebounds broadly today as US futures turn south, pointing to a lower open. Yen is back under some selling pressure. But Euro is also weak despite stronger than expected consumer inflation data, while Sterling and Swiss Franc are also soft. Commodity currencies are mixed with Canadian Dollar on the weaker side. But overall, traders
The Wall Street Journal had a piece over the weekend from Nick Timiraos, who has gained a reputation as a Federal Reserve ‘insider’. Timiraos wrote suggesting higher rates from the Federal Open Market Committee (FOMC), rates that’ll be held high for longer. Separately Goldman Sachs published a note raising their forecast for Fed rate hikes,
Gold prices were flat on Monday, after declining about 1.3% in the previous session, as investors cautiously awaited the U.S. Federal Reserve’s policy meeting for cues on its rate-hike path. FUNDAMENTALS * Spot gold was little changed at $1,642.59 per ounce by 0046 GMT, while U.S. gold futures were up 0.1% at $1,645.90. * The
The S&P 500 is up 2.1% and the Nasdaq up 2.5%, both session highs. This looks an awfully lot like a stocks-only short squeeze. I could get behind the move if Treasury yields or the US dollar were falling but it’s the opposite. US 10-year yields are up 6.7 bps today to 4.01% and the
Maize prices in the benchmark market of Chhindwara lost by over 11 per cent month-to-date and around 9 per cent week on week (WoW), thanks to the good weather, which boosted the harvest pace and the new crop arrivals picked up. As the market resumed post-Diwali holidays on October 27, the maize prices in Chhindwara
The week is winding down in the US stocks in what was the “Big Week” for earnings. Safe to say, the week was not as bad as the market expected. Looking at the major indices, the indices are currently showing: Dow up 5.52% S&P up 3.67% Nasdaq up 1.87%. So how did the list of
New Delhi: Gold prices were trading flat on Friday, headed for a straight second weekly gain as the US economic data fanned expectations that the Fed might ease the pace of raising interest rates. The US economy rebounded strongly in the third quarter amid a shrinking trade deficit, but the data overstated the nation’s economic
The major US indices are closing near the high for the day and ending a solid week with the Dow industrial average leading the way. The Dow is on track for the best October, and on pace for the best month since January 1976 (with one more day to go). The NASDAQ was the outperforming
OPEC issues World Oil Outlook on Monday in Abu Dhabi Report to keep similar long-term demand outlook – sources Ex-OPEC minister says demand could plateau earlier than forecast OPEC’s view that world oil demand will keep rising for longer than many other forecasters predict is not expected to change much in its forthcoming major report,
Dollar ended as the worst performer, followed by Yen and Swiss Franc. The US stock markets traded with risk-on sentiment, on talks that Fed would start slowing down tightening pace after one more 75bps hike. But it should be noted that such sentiment was not seen everywhere in the world, in particular China. Thus, rally
The US stocks continued their move to the upside despite some concerning earnings from Amazon after the close yesterday. That was offset by Apple whose earnings and guidance was better than expectations. This week other big mega caps did not do all that well either with Microsoft, Google and Meta all underperforming, but that did
Copper and other industrial metal prices fell on Friday, hit by demand worries in top consumer China amid rising coronavirus cases and expanding restrictions. Chinese cities from Wuhan in central China to Xining in the northwest are doubling down on COVID-19 curbs, sealing up buildings, locking down districts and throwing millions into distress in a
The markets are relatively quiet in Asia today. Yen is steady after BoJ stands pat as widely expected. Yet, there is some upside prospect for Yen if global benchmark yields continue to correct lower. Dollar remains the worst performer and today’s PCE inflation data is unlikely to save it. Traders would more likely look beyond
At the start of the month, I highlighted horrible equity market sentiment and positive seasonals in October as a reason to be optimistic. But if you told me that shares of Amazon and Meta would be blown up, I would never have predicted it would be one of the best months for equities in history.
Gold price in the national capital fell by Rs 105 to Rs 50,889 per 10 grams on Friday amid weak global trends, according to Securities. In the previous trade, the precious metal had closed at Rs 50,994 per 10 grams. Silver, however, gained Rs 21 to Rs 58,336 per kg from Rs 58,315 per kg.
Dollar rises broadly in early US session. Stubbornly high inflation reading might be a factor. But the recovery could also be due to traders paring their positions ahead of the weekend, and next week’s FOMC. Yen is back under some broad based pressure but stays in familiar range. European stocks are mixed, and so are