The Nikkei 225 rose 0.8 per cent, while MSCI's broadest index of Asia-Pacific shares outside Japan was trading down 0.1 per cent, weighed down by declines in Korea and New Zealand
Spot gold was up 1% at $4,172.18 per ounce at 1208 GMT, its highest since November 14. U.S. gold futures for December delivery were up 0.7% at $4,168.70 per ounce
The president has publicly mused about the decision, praising candidates on the list, but has been coy about suggesting whether he's leaning toward any particular candidate
The Federal Reserve's top banking regulator on Tuesday released new guidelines for the agency's supervision of the financial system, earning praise from industry trade groups and criticism from her predecessor. In a set of sweeping changes, the principles call for bank examiners to focus on material financial risks and to not become distracted from this priority by devoting excessive attention to processes, procedures, and documentation." The guidelines are set out in a memo originally distributed to Fed employees October 29 but released Tuesday. Michelle Bowman, the Fed's vice chair for supervision, said the principles will sharpen the central bank's focus and build a more effective supervisory framework. By anchoring our work in material financial risks, we strengthen the banking system's foundation while upholding transparency, accountability, and fairness," Bowman said in a written statement. Bowman was named vice chair by President Donald Trump in March. Since Trump took offic
Kugler's resignation gave Trump an earlier-than-expected opportunity to fill a slot on the Fed's board in the midst of his intense pressure campaign urging policymakers to drastically lower rates
Japan's Nikkei tumbled 1.8 per cent on Friday, Australia's resources-heavy shares slid 1.5 per cent, while South Korea plunged 2.3 per cent
Central banks continuing to buy gold at a brisk pace despite elevated gold prices underscores the importance of holding metal in the present, uncertain political, economic, and geopolitical times
Powell left the door open to further rate cuts on Tuesday and said the end of the central bank's long-running effort to shrink the size of its holdings may be coming into view
Only new Governor Stephen Miran, who joined the Fed on Tuesday and is on leave as the head of the White House's Council of Economic Advisers, dissented in favor of a half-percentage-point cut
The Fed is widely expected to cut interest rates on Sept. 17 as it grapples with a slowing labour market, stubborn inflation and an unprecedented push by Trump for lower borrowing costs
Trump last week asked the Washington-based appeals court to temporarily pause a lower court's Sept. 9 injunction blocking him from firing Cook
Gold caught its breath after Tuesday's record high, while the dollar ticked higher, with two crucial days of US inflation figures
Gold prices are likely to remain in a consolidation phase in the near term, but the overall bias will continue to stay positive amid heightened expectations of a US Federal Reserve rate cut in its September policy meeting, analysts said. Traders will closely track US macroeconomic data, such as Q2 GDP, PCE inflation, and speeches from Fed officials, which will provide more insights into the monetary policy stance of the Federal Reserve and the trajectory of the bullion sentiment, they added. "Gold prices may continue to see some consolidation, but the bias is expected to remain positive. The US Federal Chair Jerome Powell's comments have raised expectations of an interest rate cut at the September meeting," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services. Investors will keep track of geopolitical and trade developments, he added. "Markets will watch closely the Russia-Ukraine peace progress and the implementation of additional tariffs on
Indication of a potential US Federal Reserve rate cut may trigger optimism in the domestic equity market, with investors' attention shifting to the looming deadline for additional US tariffs on Indian goods in a holiday-shortened week ahead, analysts said. Moreover, trading activity of foreign investors, global trends and macroeconomic data announcements will also dictate trends during the week. Equity markets would remain closed on Wednesday for Ganesh Chaturthi. "Positive global cues are likely to provide some support, as US markets rallied sharply and the dollar index weakened after Federal Reserve Chair Jerome Powell hinted at potential rate cuts in his Jackson Hole Symposium speech. "Another key factor to watch will be the August 27 deadline regarding the US plan to impose an additional 25 per cent tariff on Indian exports. With clarity still lacking, FII participation may remain subdued. Alongside this, macroeconomic data from the US, China, and India will also be closely ...
The Treasury chief on Monday called for an internal review of the Fed's non-monetary activities, including the renovation project
The US president's tariff onslaught is likely to force further measured easing in coming months by most of the 23 central banks featured in this quarterly guide on the global monetary outlook
Trump has unleashed a pressure campaign on the central bank to cut rates, repeatedly assailing Powell and arguing the Fed's policies are keeping government borrowing costs too high
Stock market highlights on Thursday, June 26, 2025: Bank Nifty jumped 1.13 per cent to scale an intra-day high of 57,263.45, before ending at 57,206.70, up 1.03 per cent
A fourth straight meeting without a cut could provoke another tirade from President Donald Trump
Brent crude futures gained $1.28, or 1.96 per cent, to $66.62 a barrel by 1649 GMT. US West Texas Intermediate crude climbed $1.34, or 2.11 per cent, to $64.71