A U.S. Federal Reserve meeting and Apple and Amazon reporting results will keep investors’ focus in the days ahead on the global rates outlook and on tech earnings, while growth and inflation data from Europe and China are also coming out. 1/ WILL THEY, WON’T THEY? Hints of whether the Fed still expects interest rate … Read more
Mumbai: Overseas fund managers raised their bearish derivative bets on India last week as a jump in crude oil prices in the wake of the Iran-Israel conflict and growing uncertainty about interest rate cuts in the US heightened risk aversion. The long-short ratio of foreign portfolio investors (or FPIs’) Nifty futures bets fell to 35.4% … Read more
Gold prices on Wednesday hovered near a record peak hit in the previous session after U.S. Federal Reserve Chair Jerome Powell said interest rate cuts are still likely in the coming months if inflation continues to ease. FUNDAMENTALS * Spot gold ticked 0.1% lower to $2,146.29 per ounce, as of 0138 GMT. U.S. gold futures … Read more
