Fed Rate Hikes

A key pillar of support for the dollar has been the expectation that higher inflation under Trump will mean the Federal Reserve has less room to cut interest rates

US stocks on Friday ended lower after an early rally fizzled

At the same time, the labour market - the other part of the Fed's dual mandate - is still plugging along, albeit in a lower gear

Stock Market highlights on Tuesday, June 11, 2024: The BSE Sensex ended 33 points lower at 76,457, while the Nifty was up six points at close; Broader indices, however, settled with decent gains.

The rupee closed at 83.3725 against the US dollar on Friday, up 0.1 per cent for the week

The US Fed interest rate decision, domestic inflation data and global trends would be key driving factors in dictating movement in the market this week, as the Lok Sabha elections outcome and the RBI policy decision are behind us, analysts said. The past week was a roller-coaster ride for investors as markets swung sharply in both directions before closing with strong gains. In an eventful week, the BSE benchmark jumped 2,732.05 points or 3.69 per cent and the Nifty zoomed 759.45 points or 3.37 per cent. The 30-share BSE Sensex jumped 1,720.8 points or 2.29 per cent to hit a new record peak of 76,795.31 in day trade on Friday. The benchmark ended at a record high of 76,693.36, up 1,618.85 points, or 2.16 per cent. "Now the Lok Sabha elections and the RBI policy decision are settled, attention now turns to global factors. Key areas to watch include the US Fed interest rate decision, the rupee's movement against the dollar, crude oil prices and commodity prices. "Additionally, ...

The dollar was also lifted by rising Treasury yields after a lacklustre debt auction for sales

Trading was thinned in Asia with Japan out for a holiday, though markets in mainland China got off to an upbeat start after returning from an extended break

Since retiring two years ago, Joan Harris has upped her travel game. Once or twice a year, she visits her two adult children in different states. She's planning multiple other trips, including to a science fiction convention in Scotland and a Disney cruise soon after that, along with a trip next year to neolithic sites in Great Britain. I really have more money to spend now than when I was working, said Harris, 64, an engineer who worked 29 years for the federal government and lives in Albuquerque, New Mexico. Back then, she and her now-ex-husband were paying for their children's college educations and piling money into savings accounts. Now, she's splurging a bit and, for the first time, is willing to pay for first-class plane tickets. She plans to fly business class to Scotland and has arranged for a higher-level suite on the cruise. I suddenly realised, with my dad getting old and my mom dying, it's like, No, you can't take it with you,' she said. I could become incapacitated t

Bloomberg Economics' Fed sentiment index - powered by a natural language processing algorithm based on more than 60,000 Fed headlines - shows that in December, Powell delivered a major pivot.

Traders expect the benchmark yield to trade between 7.10-7.25 per cent in the near term, given the positive sentiment

The US Federal Reserve's interest rate decision, global cues, macroeconomic data announcements and the ongoing quarterly earnings are the major triggers that will dictate trends in stock markets this week, analysts said. Besides, the trading activity of foreign investors and the movement of global oil benchmark Brent crude will also be tracked. "All eyes are on the outcome of the US Federal Reserve meeting scheduled for November 1, particularly due to the multi-year high levels of the US bond yields. Additionally, the policy decisions of the Bank of Japan will be closely watched. "Beyond these key events, global factors will also play a crucial role. Economic data releases from the US and China, as well as the ever-changing geopolitical situation, will influence market sentiment," said Santosh Meena, Head of Research, Swastika Investmart Ltd. Among firms to announce their earnings this week are Adani Green Energy, DLF, TVS Motor Company, Bharti Airtel, GAIL, Hero MotoCorp, Tata Ste

In forecasts issued last month, 12 of 19 officials projected one more hike this year, while the median estimate showed they expected fewer rate cuts in 2024 and 2025

The investment in Container Corporation of India within the India long-only portfolio will be removed and replaced with an investment in JSW Energy

An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September. Thursday's report from the Commerce Department showed that prices rose just 0.2 per cent from June to July, the third straight modest increase. Compared with a year earlier, prices rose 3.3 per cent in July, up from a 3 per cent annual increase in June. The year-over-year figure, though, is down sharply from the 7 per cent peak it reached a year ago, though still above the Fed's 2 per cent inflation target. The latest data follows other recent reports that suggest the economy and the job market may be slowing enough to cool inflation pressures. The number of advertised job openings, for example, tumbled in July, and fewer Americans are quitting their jobs to seek better opportunities. Both trends ease the pressure on companies to raise pay to find

While European Central Bank President Christine Lagarde and Powell offered few clues about their next steps at their upcoming decisions, each signaled ongoing concern about prices

The rupee could continue to see near-term volatility

In general, the minutes said, Fed policymakers agreed that the level of uncertainty remained high, and that future interest rate decisions would depend on the "totality" of data arriving

Sensex, Nifty drop over 0.6% each

CLOSING BELL ON JULY 27, 2023: Sectorally, auto and energy shares bore brunt of the selling, while pharma and realty stocks ended with smart gains on Thursday.