Asian shares got off to a rocky start on Monday while the dollar remained in demand amid concerns that most major central banks are committed to raising interest rates no matter the risks to growth
The Dow Jones Industrial Average fell 0.54% to 33,813.96, the S&P 500 lost 0.67% to 4,254.83 and the Nasdaq Composite declined about 1% to 12,837.36
On their part, technical analysts see the Nifty is hit 18,100-18,200 levels before it makes any major attempt to reverse. However, this journey, they caution, can see intermittent corrections
A sharp surge in the market from this year's lows in June is stoking equity-share sales at listed companies
Markets are anticipating less tightening by central banks
US retail sales flat in July; core sales rise; retailer Target's quarterly profit slumps
Gold extended losses after posting its biggest drop in a month in the previous session, as a stronger dollar dented bullion's appeal
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
Spot gold slid 1.3% to $1,778.35 per ounce by 11:16 ET, having hit its lowest since Aug. 8 earlier in the session. U.S. gold futures dropped 1.2% to $1,794.20.
Spot gold was down 0.4% at $1,794.78 per ounce, as of 0352 GMT, after rising about 1.6% last week. US gold futures fell 0.3% to $1,810.
Fed officials who have spoken since the July meeting have pushed back against any perception that they'd be pivoting away from tightening any time soon
India's economy is predicted to overtake that of the US by 2048, said Patra
The derivatives market now makes up 69% of total crypto volumes, up from 66% in June, and helped push overall crypto volumes on exchanges to $4.51 trn in July, CryptoCompare said
Forecasts of economic doom are premature and central bank-bashing is misplaced
Spot gold fell 0.3% to $1,786.71 per ounce by 0852 GMT, after hitting its highest since July 5 at $1,807.79 on Wednesday.
Currencies across the region jumped Thursday, following their developing-nation peers in the Americas and Europe, after the US data published Wednesday led to a slump in the dollar
Data released late Wednesday showed that US CPI inflation increased by a lesser-than-expected 8.5% in July as against a rise of 9.1% in June
The latest inflation data from the US spurred a risk rally as traders reduced Federal Reserve tightening wagers
US consumer prices did not rise in July due to a sharp drop in the cost of gasoline, delivering the first notable sign of relief for Americans who have watched inflation climb over the past two years
Traders now expect increases in the Fed's policy interest rate to top out in December at 3.25%-3.5%