Add to that weak results from chipmaker Micron Technologies Inc., and the session turned into a brutal one for equity bulls, who are again fretting over the risk of a potential recession
Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels
Markets feel that US central bank's aggressive rate hike cycle may be nearing an end
US Fed minutes indicate slower pace of rate hikes, investors cheer
'Investors are now beginning to understand that on an absolute basis, India is not really that overvalued'
US data showed unemployment benefits claims fell last week, indicating the labor market is still tight
MSCI's broadest index of Asia-Pacific shares outside Japan jumped 3.72%. Australia's S&P/ASX 200 index climbed 2.43% and Japan's Nikkei rose 3%
US employers added more jobs than expected in October while wages rose firmly, underscoring the resilience of the labor market despite the Federal Reserve's aggressive efforts to cool it down.
Gold prices were little changed on Friday, but the metal was headed for a second straight weekly drop as a stronger dollar and U.S. Federal Reserve's hawkish policy stance clouded outlook
From Fed rate hikes to deadlock over carrier's revival, here are the top headline for the day
The dollar hit a week-high of $0.9810 per euro in early Asia trade and is eying its best week in more than a month
The Federal Reserve pumped up its benchmark interest rate on Wednesday by three-quarters of a point for a fourth straight time but hinted that it could soon reduce the size of its rate hikes. The Fed's move raised its key short-term rate to a range of 3.75 per cent to 4 per cent, its highest level in 15 years. It was the central bank's sixth rate hike this year a streak that has made mortgages and other consumer and business loans increasingly expensive and heightened the risk of a recession. But in a statement, the Fed suggested that it could soon shift to a more deliberate pace of rate increases. It said that in coming months it would consider the cumulative impact of its large rate hikes on the economy. It noted that its rate hikes take time to fully affect growth and inflation. Those words indicated that the Fed's policymakers may think borrowing costs are getting high enough to possibly slow the economy and reduce inflation. If so, that would suggest that they don't need to ..
Bitcoin crossed the $ 20,000 mark, and Ethereum was above the $ 1,500 mark for the first time since it concluded "Merge" in September
At 3:30 pm IST on Thursday, the US dollar index was at 110.09 as against 112.02 at the same time on Tuesday
The MSCI world equity index, which tracks shares in 47 countries, was up 0.1% on the day and MSCI's main European Index hit a five-week high, up 0.8% on the day
A sustained recovery in Asian markets, Nomura said, will largely depend on how the Covid situation and the ensuing curbs put in place to combat the pandemic in China plays out going ahead
The rupee fell 39 paise to an all-time low of 82.69 against the US dollar in early trade as elevated crude oil prices and risk-averse sentiment among investors weighed on the local unit
The rupee has depreciated 9.7 per cent against the dollar since September 2021
In the past two weeks, the Nifty IT index has tanked 10 per cent, as against a 5 per cent decline in the Nifty 50.
Until the S&P BSE Sensex and Nifty50 do not break 57,000 and 17,000 levels, there are higher changes of touching 64,000 and 19,000 levels.