Page 5 - Us Fed Rate Hike

Asian stocks follow Wall Street lower after US jobs data signals rate hikes

Asian stocks followed Wall Street lower Wednesday after strong U.S. jobs data fuelled expectations of further interest rate hikes and Chinese manufacturing activity weakened. Shanghai, Tokyo, Hong Kong and Sydney declined. Oil prices rose more than USD 1 per barrel. U.S. government data Tuesday that showed there were two jobs for every unemployed person in July appeared to support arguments the economy can tolerate more rate hikes to tame inflation that is running at multi-decade highs. Some investors had hoped the Federal Reserve would back off due to indications economic activity is cooling. The jobs data supported the argument for the Fed to stick to an aggressive stance, said Edward Moya of Oanda in a report. The Shanghai Composite Index fell 1.1% to 3,191.00 after an index of manufacturing showed activity contracted again in August. The Nikkei 225 in Tokyo shed 0.5% to 28,063.06 and the Hang Seng in Hong Kong sank 0.4% to 19,867.17. The Kospi in South Korea gained 0.7% to ..

Gold prices recover from one-month low as dollar index down 0.2%

Spot gold rose 0.3% to $1,742.83 per ounce by 10:09 a.m. ET (1409 GMT). Prices touched their lowest since July 27 at $1,719.56 earlier in the session

Powell's 8-min speech at Jackson Hole erases $78 bn from richest Americans

US central bank will keep raising interest rates and probably leave them elevated for a while to reduce inflation

Sensex, Nifty end flat post lackluster trade; Syrma soars 42%, Titan 3%

CLOSING BELL: It was a range-bound trade on the bourses on Friday as investors awaited US Fed chief Jerome Powell's address at the Jackson Hole Symposium later tonight

Yuan has no basis for long-term depreciation, says Chinese state media

The Chinese currency has weakened to two-year lows against the dollar this week, reacting to expectations of further aggressive interest rate hikes from the Fed and a domestic economic slowdown

Gold extends losses on dollar strength, traders watchful of Fed policy

Gold extended losses after posting its biggest drop in a month in the previous session, as a stronger dollar dented bullion's appeal

Gold extends fall by 1% on stronger dollar, US Fed rate-hike worries

Spot gold was down 0.1% at $1,777.46 per ounce, as of 0054 GMT, after hitting its lowest since Aug. 8 at $1,772.30 on Monday

Driven by pouring tourists, Thailand's baht achieves year-end targets

The currency jumped 2.3 per cent to about 35.45 per dollar this month, leading gains in Asia by a wide margin

Jefferies sees 15% correction in Indian markets; adds Zomato to portfolio

In the past one month, the S&P BSE Sensex and the Nifty50 have gained around 8 per cent each with a large part of these gains coming via the BFSI route

Fed seen delivering half-point rate hike in Sept as inflation eases

Traders now expect increases in the Fed's policy interest rate to top out in December at 3.25%-3.5%

Gold, silver remain unchanged for 2nd day; yellow metal trades at Rs 51,870

10 gram of 22-carat gold traded at Rs 47,550 on Tuesday

Asia stocks wobble as focus turns to US inflation data, aggressive Fed hike

The unexpectedly strong US jobs data on Friday have raised the stakes for the July US consumer prices report due on Wednesday, especially for the Fed's policy outlook

Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood

The US Fed raised the target range for the federal funds rate by another 75 bps to 2.25-2.50 per cent in its July meeting. The FOMC statement has downgraded its assessment of the economic situation

Rupee gains vs dollar as weak US GDP data softens Fed rate hike view

Dollar index falls as a contraction in US GDP eases Fed hike fears

Gold, silver prices surge across India after US Federal Reserve hikes rates

Gold and silver have always remained some of the precious assets to safeguard against inflation

US Fed's pyrrhic victory over inflation after policy rate hiked by 75 bps

Powell cannot afford to take his eyes off the prize - to get inflation down

Gold jewellery demand in India likely to dip in H2: World Gold Council

At the global level, the demand for gold (excluding OTC) was 8 per cent lower y-o-y at 948 tonnes. Combined with Q1-2022, the total demand in the first half of 2022 came in at 2,189t, up 12 per cent

Rupees, bonds gain despite 75 bps US Fed rate hike to tackle inflation

Markets perceive Fed as being less hawkish

F&O expiry: Sensex soars 1,041 pts, Nifty tops 16,900; Bajaj twins leap 10%

CLOSING BELL: Tata Steel, Kotak Bank, IndusInd Bank, Nestle, Infosys, Asian Paints, and Tech M were the other outperformers, up between 3 per cent and 4.6 per cent

Rupee, bonds gain on 'less hawkish' policy despite US Fed rate hike

Fed Chair Powell's comments suggest slower pace of hikes going ahead, say markets