MSCI's broadest index of Asia-Pacific shares outside Japan slipped 0.05per cent
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,640
The 1-month non-deliverable forward indicated that the rupee will open at 83.87-83.88 to the US dollar
American consumers and home buyers, business people and political leaders have been waiting for months for what the Federal Reserve is poised to announce this week: That it's cutting its key interest rate from a two-decade peak. It's likely to be just the first in a series of rate cuts that should make borrowing more affordable now that the Fed has deemed high inflation to be all but defeated. Consider Kelly Mardis, who owns Marcel Painting in Tempe, Arizona. About a quarter of Mardis' business comes from real estate agents who are prepping homes for sale or from new home buyers. Customer queries, he recalls, quickly dropped almost as soon as the Fed started jacking up interest rates in March 2022 and then kept raising rates through July 2023. As the housing market contracted, Mardis had to lay off about half his staff of 30. It was the worst dry spell he had experienced in 14 years. After the Fed begins cutting rates on Wednesday, Mardis envisions brighter times ahead. Typically,
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 68,260
The price of 22-carat gold declined Rs 10, with ten grams of the yellow metal selling at Rs 67,040
The price of 22-carat gold moved up Rs 10, with ten grams of the yellow metal selling at Rs 67,160
Issuers hold back, eyeing lower borrowing costs after Fed cut
Japan's Nikkei last traded 0.4 per cent higher, helped by gains in financial and consumer names
The price of 22-carat gold also fell Rs 10, with ten grams of the yellow metal selling at Rs 66,790
Focus turned to Wednesday's US inflation report as the next main indicator that could alter market pricing for the Fed's September meeting
Markets have fully priced in a rate cut of at least 25 bps at the Fed's policy decision due on Sept. 18, with expectations for a 50 bps remaining around 30%
The price of 22-carat gold also rose Rs 10, with ten grams of the yellow metal selling at Rs 67,210
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,690
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 67,040
History shows that stocks tend to perform far better when rate cuts come against a background of resilient growth instead of during a sharp economic slowdown
The remarks came hours after BOJ Governor Kazuo Ueda told parliament that while the BOJ will keep an eye out on the fallout from unstable markets
The yield on the benchmark 10-year government bond is expected to open around 4 basis points lower on Monday. It had settled at 6.86 per cent on Friday
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,790
The price of 22-carat gold fell Rs 10, with ten grams of the yellow metal selling at Rs 66,590