Foreign Institutional Investors (FIIs) continued their selling spree in August, offloading equities worth Rs 25,564 crore through the exchanges up to August 23. This took the total equity selling by FIIs this year up to that date to Rs 1,57,440 crore, according to market data. FIIs have not only been sellers in equities but have…
Global markets ended the week on a firm note as U.S. Federal Reserve Chair Jerome Powell signaled that the central bank remains open to cutting interest rates in the near term, raising hopes of a September move. His remarks at the Jackson Hole Symposium lifted sentiment across Wall Street, with spillover effects seeming to be…
Global stocks were flat but still traded near record highs on Friday as U.S. President Donald Trump and his Russian counterpart Vladimir Putin held high-stakes talks in Alaska over Ukraine. U.S. Treasury bond prices fell across the board with markets anticipating a Federal Reserve interest rate cut. The Dow hit an intra-day record high during…
SYDNEY, – Shares slipped in Asia on Monday and oil prices briefly hit five-month highs as investors anxiously waited to see if Iran would retaliate against U.S. attacks on its nuclear sites, with resulting risks to global activity and inflation. Early moves were contained, with the dollar getting only a minor safe-haven bid and no…
US-China trade deal: The US and China have agreed to put a 90-day halt on a part of their existing tariffs while working towards lowering existing tariffs, announced US Treasury Secretary Scott Bessent. “An agreement has been reached with China on a 90-day pause, and to substantially move down tariff levels,” he stated. He added that the…
The dollar climbed in early Asian trade on Monday after weekend talks between the United States and China eased concerns of a trade war between the world’s two biggest economies while global hot spots appeared to cool. The greenback, Treasuries and equities have taken a beating since sweeping tariffs announced by U.S. President Donald Trump…