Finance

June 13, 2024 10:45 AM

Study details huge emissions resulting from Russia’s invasion of Ukraine

Russia's invasion of Ukraine has directly caused or paved the way to the emission of 175 million tonnes of carbon dioxide (CO2) into the atmosphere, a joint report said on Thursday. The report, published by Ukraine's environment ministry and climate NGOs, said their estimate included both emissions...

June 13, 2024 10:22 AM

Asia stocks rally, bond yields fall as investors assess Fed outlook

Asian equities rallied on Thursday (June 13) while bond yields slid, as investors weighed cooling U.S. inflation against a more hawkish posture by the Federal Reserve. Japan’s Nikkei share average climbed 0.79% to 39182.06 after the stock market opened in Tokyo in the morning while South Korea's ...

June 12, 2024 5:35 PM

Fed expected to hold rates steady, project fewer cuts in 2024

The Federal Reserve is expected to leave interest rates unchanged on Wednesday, with new economic projections from the U.S. central bank's policymakers likely to show fewer rate cuts this year and a delayed start to monetary policy easing. Fed officials will receive a new round of inflation data th...

September 16, 2024 6:09 PM

Indian stocks trade firm ahead of May inflation data release

Indian stock indices kicked off Wednesday's trading session on a positive note, with the Sensex and Nifty both up 0.3% and hovering just below their all-time highs. The bullish trend comes ahead of the highly anticipated release of India's May inflation data, as investors brace for potential market-...

June 11, 2024 11:48 AM

Sensex, Nifty steady ahead of Fed decision, CPI data

The BSE Sensex and Nifty 50 were trading steady on Tuesday after a decline on Monday, pulling back from record highs reached during the day. As of 10:20 AM, the Sensex was up 0.20% at 76,644.79, while the Nifty gained 0.26% at 23,319. Market participants are awaiting the US May inflation data and ...

June 10, 2024 3:46 PM

Euro and French markets roiled by shock Macron election call

The euro tumbled, while French bonds and stocks were hit hard on Monday, following French President Emmanuel Macron's decision to call a snap parliamentary election after being trounced in a European Union vote by the far right. The euro fell 0.5% to a one-month low of $1.0764 and slumped to a 2...

September 16, 2024 6:38 PM

Market salutes PM Modi’s third term: Sensex-Nifty open at all-time high

Indian stock indices continued their uptrend from the past week and opened at fresh record highs at the opening bell on Monday, a day after Prime Minister Narendra Modi and his Union Council of Ministers took oath to office. A smooth transition in the government formation seemed to have boosted mark...

June 7, 2024 4:39 PM

Sensex, Nifty end at record highs, erasing election-day losses

Indian stock markets surged for the third consecutive session on Friday, ending at record levels and erasing losses suffered on election day when the BJP lost its majority in the lower house of Parliament, securing far fewer seats than exit polls had predicted. The Nifty ended 2.05% higher at 23,29...

September 16, 2024 6:39 PM

India third-largest gold buyer in May, after Switzerland and China: WGC

The global gold market experienced a turnaround in May, ending a 12-month slump for gold exchange-traded funds (ETFs) with a resurgence in inflows. This positive momentum was driven by strong demand in Europe and Asia, despite minor outflows in North America. By the end of May, global gold ETF hold...