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Shares of PayPal are down 18% after reporting earnings after the US close today. If that holds, it will open at the lowest since May 2020 tomorrow, near $144. It’s been an absolute swan dive for the shares from $310 in July as the entire payments industry faces a washout. What’s notable to me is

NEW DELHI: Gold prices were trading flat on Tuesday, following the trend in the global markets as a weaker dollar countered concerns about potential interest rate hikes. Gold futures on MCX were flat, up by merely 0.03 per cent or Rs 12 at Rs 47,644 per 10 grams. Silver futures gained marginally by 0.05 per

Dollar drops broadly today in rather mixed markets. Firmer risk sentiment might be a factor. Yet, Swiss Franc is currently the strongest, followed by Kiwi and then Aussie. Yen is also just steadily mixed. On the other hand, Canadian Dollar is also weak, without much support from stronger than expected GDP data. Euro is also

ISM falls to 57.6 in the January ISM manufacturing index versus 57.4 estimate Last month 58.7 revised t0 58.5 New orders 58.9 vs 61.0 last Production 57.8 vs 59.4 last employment 54.5 vs 53.9 last Supplier deliveries 64.6 vs 644.9 last inventories 53.2 vs 54.6 last prices 76.1 vs 68.2 last backlog orders 56.45 vs

New Delhi: Gold in the national capital on Tuesday rallied Rs 333 to Rs 47,844 per 10 grams in line with firm global trends along with rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,511 per 10 grams. The rupee dipped 14 paise to close at 74.79

Australian Dollar dips broadly after RBA sounds surprisingly cautious regarding raising interest rates. But loss is so far very limited, as supported by improving market sentiment following strong rebound in US stocks overnight. Dollar is the second weakest, continuing to pare recent gains while Yen is also heading lower. Euro is currently a stronger one

The US Commerce Dept today issued its third administrative review of duties on Canadian lumber and lowered the rate to 11.64% from 17.99%. Lumber isn’t in the headlines as much as it was six months ago but prices went on another run in Q4 and early this year before dropping again in the past two

NEW DELHI: Gold prices were flat on Monday, bucking the weak trend in the international market. Yellow metal was set for their biggest monthly drop since last September. Gold remained under pressure as the US dollar strengthened ahead of key central bank meetings, making bullion more expensive for holders of other currencies. Gold futures on

Euro rebounds notably today as Germany 10-year yield turns positive. Nevertheless, Australian Dollar is even stronger as markets await RBA rate decision. On the other hand, Dollar and Yen are paring some recent gains. Sterling and Canadian Dollar are mixed. Technically, EUR/GBP appears to be drawing support from 0.8304. Rebound from current level, followed by

Headlines: Markets: USD flat, AUD leads, Scandis lag European equities broadly higher; S&P 500 futures down small US 10-year yields: 1.81%, up 3bps Gold: flat @ 1792 WTI: up 80cents/0.9% @ $87.50 Bitcoin: down 1.45% @ 37,250 It’s been a morning of digesting hawkish repricing with seemingly everyone on the Street looking to up their

Gold price in the national capital on Monday declined marginally by Rs 5 to Rs 47,507 per 10 grams in line with weak international precious metal prices and rupee appreciation, according to HDFC Securities. In the previous trade, the precious metal settled at Rs 47,512 per 10 grams. Silver also dipped by Rs 27 to

The markets are generally steady in Asian session. Dollar is paring some recent gains while Yen and Swiss Franc soften. Trading in Asia would likely be subdue for the next few days on Lunar New Year holidays. But volatility is anticipated in the week as a whole considering the massive amount of key events featured,

The recent rally in oil has been a tough one to chance, even for the bulls. Yes, there’s lots to like about medium-term oil prices but omicron is cutting demand — particularly in aviation — and China is locking entire cities down. Yet here we are near seven-year highs after six straight weeks of gains

TOKYO: Oil prices rose on Friday, set for their sixth weekly gain, amid concerns of tight supplies as major producers continue their policy of limited output increases amid rising fuel demand. Brent crude futures climbed 49 cents, or 0.6%, to $89.83 a barrel at 0310 GMT, after falling 62 cents during the previous day. However,

NEW DELHI: Gold prices were flat on Friday, marginally higher, but the yellow metal is set for its sharpest weekly decline since November 2021. Markets digested the US Federal Reserve’s policy tightening plans for 2022 that propelled the dollar index to a multi-month peak. Gold futures on MCX gained 0.10 per cent or Rs 46

Headlines are crossing now about the Iran nuclear deal, saying they’re at the point where political decisions are needed. That’s another signal of progress and it highlights that a deal is possible. But it will come down to the White House and what they’re prepared to give up. Oil is at $88 and that gives

Mumbai: India’s gold consumption surged to 797.3 tonnes in 2021, on the back of recovery in consumer sentiments and pent-up demand post COVID-19-related disruptions and the bullish trend is set to continue this year as well, according to the World Gold Council (WGC). WGC in its Gold Demand Trends 2021 Report said India’s total gold

The 3 major indices (Dow, S&P and Nasdaq) rode a wave of buying higher on the day, closed at the highs and just like that, erased the declines for the week. The Dow, S&P and Nasdaq each had best day of the new year Dow and S&P posted their first weekly gain in four weeks