LONDON: Oil prices fell on Wednesday after U.S. President Donald Trump dashed hopes for a fourth stimulus package to boost the coronavirus-hit economy, with prices also pressured by a larger than expected rise in U.S. crude inventories. Brent crude futures were down $1.05, or 2.5%, to $41.60 a barrel by 1403 GMT and U.S. West
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The minutes for the September FOMC meeting reveals that the members generally agreed to adopt the new monetary policy framework and change the forward guidance in the way presented in the statement. While the economic projections were upgraded in the meeting, these were conditioned on the further fiscal stimulus implemented by the government. Inflation will
New Delhi: Gold prices plunged Rs 694 to Rs 51,215 per 10 grams in the national capital on Wednesday amid rupee appreciation, according to HDFC Securities. The precious metal had in the previous trade closed at Rs 51,909 per 10 grams. Silver, however, rose Rs 126 to Rs 63,427 per kg, from Rs 63,301 per
Yen had a U-turn today and breaks near term support level against Dollar. Resilience in treasury yield is seen as a factor for Yen’s weakness. After a brief set back yesterday, US 10-year yield looks set to extend recent rally through 0.78 handle. German 10-year yield is also trying to regain -0.5 handle too. Stock
Trump now wanting to send out checks to folks. His supporters have been with him all along in resisting further support for people, not sure how they’ll feel about this slap in the face. But, to his credit, Trump seems to be reading the mood well with this, people are hurting out there. He abandoned
Pune: Guar gum traders said although the futures market is expecting an uptick in prices, any increase will not be sustainable for long as demand may take time to revive while the supply side remains strong. India is the world’s largest manufacturer and exporter of guar gum. The export dependence of traders keeps prices volatile.
As widely anticipated, RBA left the cash rate unchanged at 0.25% at the October meeting. The yield curve control target also stays at 0.25%. This is the 7th consecutive month that the central bank has kept the monetary policy unchanged. While economic recovery is underway, policymakers judged that the path will be “bumpy and uneven”.
August job openings from the Fed survey Prior was 6618K Hiring rate 4.2% vs 4.2% prior Separations 3.3% vs 3.6% prior Quits 2.0% v 2.1% prior Layoffs 1.0% vs 1.3% prior This is a lagging indicator but the chart is beginning to look like others where there’s a v-shaped recovery that doesn’t get back to
LONDON: Oil prices gained on Tuesday amid supply disruptions in Norway, a new hurricane in the Gulf of Mexico, and U.S. President Donald Trump’s return to the White House after being treated for COVID-19 in hospital. Brent crude futures were up 38 cents, or 0.9%, by 0949 GMT at $41.67 a barrel. U.S. West Texas
Sterling is currently the worst performing one today so far, on the never-ending concerns of coronavirus infections and no-deal Brexit risk. Australian Dollar is closely following as second weakest after RBA indicated more easing ahead to support employment. On the other hand, New Zealand Dollar is currently the strongest, thanks to cross buying against Aussie.
‘Blue wave’ of course refers to a Biden win and the Senate changing hands. Our market views remain broadly procyclical, consistent with our above-consensus global growth forecast. While a blue wave would have mixed implications for broad US equity indices GS see a negative in the form of: a sizable increase in the corporate income tax
LONDON: Oil prices rose on Monday after doctors said U.S. President Donald Trump could soon be discharged from the hospital where he is being treated for COVID-19, while six Norwegian offshore oil and gas fields were shut as more workers joined a strike. Brent was up $1.81, or 4.6%, to $41.08 a barrel by 1337
Yen and Dollar weaken in general as Asia markets recover on positive news on the situation of US President Donald Trump’s coronavirus infection. Australian and Canadian Dollars are firm, but there slightly overshadowed by the Swiss Franc. But after all, movements in the markets are relatively limited, with most pairs staying inside last week’s range.
Comments from Johnson’s spokesman: Investigation underway over glitch in virus testing numbers We need to work as quickly as possible to reach an agreement on Oct 15 We want to make sure our financial services industry remains competitive Speaking of financial services, it looks more and more to me like it’s going to be a
New Delhi: Coriander prices on Monday fell by Rs 18 to Rs 6,762 per quintal in futures trade as speculators reduced their positions amid weak demand at spot market. On the National Commodity and Derivatives Exchange, coriander contracts for October eased by Rs 18, or 0.27 per cent, to Rs 6,762 per quintal in 3,290
Dollar and Yen remain generally weak today with main focuses on coronavirus infections news. It’s still unsure if US President Donald Trump could be discharged form hospital today, but news regarding his coronavirus is so far positive. European Commission President Ursula von der Leyen had been tested negative for COVID-19, but she’s in self-quarantine. These
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Oil prices fell nearly 1% on Friday, extending losses into a second day as rising production of crude comes amid a worsening COVID-19 pandemic which threatens to bring more restrictions on movement and consumption that will likely hit demand for fuel. Brent crude was down 36 cents, or 0.9%, at $40.57 a barrel at 0055