Asia stocks sputter as focus shifts to China stimulus
Asian stocks pared early gains on Friday as investors cautiously turned their focus to stimulus announcements from China later in the day with Beijing’s week-long legislative meeting drawing to a close. Regional equities had started the day by tracking Wall Street’s overnight rise to record highs, with investors digesting the Federal Reserve’s message for careful…
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US stock futures, dollar firm in Asia as US results trickle in
U.s. stock futures and the dollar pushed higher in Asia on Wednesday as early results from the U.S presidential election suggested the race remained too close to call, leaving investors jumping at shadows. As expected, Republican Donald Trump won Indiana and Kentucky while Democrat Kamala Harris captured Vermont, Edison Research projected, as polls closed in…
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Gold bull run unlikely to fade away anytime soon. This could be the right time to buy
Gold has grown substantially over the past few years, and this year has been particularly notable for the precious metal. From last Dussehra to this year’s Dussehra, the yellow metal has given a return of 23 per cent outperforming many asset classes and instilling the confidence among Indians to invest in gold. Since early 2024,…
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Gold loan companies slip as RBI orders corrective measures for lapses
Mumbai: Shares of gold loan companies lost sheen on Tuesday after the Reserve Bank of India (RBI) called for these companies to take corrective measures for the lapses in loan sanctioning practices in the next three months. Muthoot Finance fell 3.9% and Manappuram Finance declined 1.9% as analysts see the central bank’s action weighing on…
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PC Jewellers shares rise 4% on considering stock split in upcoming board meeting
Shares of PC Jewellers today surged 4% to its new all-time high of Rs 157.30 on BSE after the company on Tuesday announced that it will consider and approve a stock split in its upcoming board meeting scheduled on September 30. “A meeting of the Board of Directors of the Company will be held on…
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ET Explainer: How Fed’s more-than-expected rate cut will impact markets
The US Federal Reserve cut interest rates for the first time in more than four years citing lower inflation expectations and a slowing jobs market. A look at what it means for investors and Indian equities: What is the significance of the Fed’s interest rate cut? The Fed’s higher-than-expected rate cut of 50 basis points…
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Prospect of steeper Fed cuts boosts stocks, drives record gold prices
U.S. stocks advanced on Friday and gold continued to hit record highs as investors looked to whether the Federal Reserve might move more aggressively to cut rates at its policy meeting next week. Futures tied to the Fed’s policy rate now reflect about a 47% chance the Fed will cut its policy rate by half…
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Gold’s 16% YTD returns surpass Sensex, catching up with Nifty
Gold’s 16% year-to-date returns have surpassed those of S&P BSE Sensex while the yellow metal is catching up with the broader Nifty50. In 2024, so far, Sensex has gained 15% while the 50-stock Nifty has risen 17%. Gold has been on a rally this week gaining 2%. The movement has been more notable since Thursday…
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Japanese shares lift Asian stocks ahead of US data barrage
Asian stocks rose on Tuesday, led by Japanese shares on the back of a steady yen, with traders awaiting data including the U.S. inflation report to gauge the Federal Reserve’s policy outlook after volatile moves last week. Oil prices eased in early trading after a 3% jump in the previous session as investors kept an…
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