In an eventful week ahead, stock markets may face volatile trends before the RBI's interest rate decision and the US inflation data announcements, as investors continue to assess the broader implications of US tariffs on global economy and inflation, analysts said. Investors fear that a full-blown trade war will impact global trade and economic growth, according to market experts. Equity markets would remain closed on Thursday for "Shri Mahavir Jayanti". "This week is set to be volatile for global and Indian markets, as US President Donald Trump imposed tariffs worldwide, igniting fears of an all-out trade war and a global economic recession. "The US inflation numbers will be released along with the FOMC (Federal Open Market Committee) minutes," Puneet Singhania, Director at Master Trust Group, said. Equity benchmarks slumped on Friday due to an across-the-board sell-off, tracking weak global markets amid growing global trade war fears. Domestically, the RBI will decide on intere
Bureau of Labor Statistics figures on Thursday are projected to show that the consumer price index edged up 0.1 per cent, which would be the smallest rise since July
Domestic manufacturers rely heavily on imported raw materials and could experience a severe disruption in supply chains, economists warneds
The price of 22-carat gold rose Rs 10, with ten grams of the yellow metal selling at Rs 80,660
Oil prices settled higher after data on slower stockpile builds, while the euro pulled back slightly after hitting a five-month high in the previous day's session
In the previous session, the Sensex ended 72.56 points, or 0.10 per cent lower, at 74,029.76, while Nifty 50 settled 27.40, or 0.12 per cent lower, at 22,470.50
The consumer price index increased 0.2 per cent after a sharp 0.5 per cent advance in January, according to Bureau of Labor Statistics data out Wednesday
Consumer inflation expectations have been rising for the last month or two across several reports. Some surveys point to businesses anticipating higher prices as well
Spot gold fell 1.2 per cent to $2,880.79 an ounce by 0910 GMT, its lowest since February 17. Prices hit a record peak of $2,956.15 on Monday, driven by safe-haven flows
December rise in the PPI revised up to 0.5% from 0.2%
The consumer price index jumped 0.5 per cent last month after gaining 0.4 per cent in December
A new CBS poll shows President Trump's early term is receiving positive feedback for his immigration policies, but inflation and rising prices remain a significant concern for many Americans
Job openings, a measure of labor demand, decreased 556,000 to 7.6 million on the last day of December, the Labor Department's Bureau of Labor Statistics said
Tariffs on China are set to begin on Tuesday, and Trump has signaled he will impose duties on other trading partners as well
The increase was in line with economists' expectations. In the 12 months through December, the PCE price index advanced 2.6%. That was the biggest gain in seven months
The accompanying policy statement did not include the reference to inflation having made progress toward the Fed's 2% target. No rate cut is expected before June
Chairman also expected that the Union Budget would give relief on compression charges on CNG and some steps are taken to bring natural gas under the GST coverage
The Fed is anticipated to hold its benchmark overnight rate steady in the 4.25 per cent-4.50 per cent range at its meeting later this month, but investors had expected the pause to last June
Global shares mostly rose Thursday, following a rally on Wall Street driven by encouraging update on US inflation. France's CAC 40 edged up 1.4% in early trading to 7,576.97, while Germany's DAX was down less than 0.1% at 7,576.97. Britain's FTSE 100 rose 0.7% to 8,355.34. The future for the S&P 500 was up 0.2% while that for the Dow Jones Industrial Average was nearly unchanged. In Asian trading, Japan's benchmark Nikkei 225 added 0.3% to finish at 38,572.60. Bank of Japan data showed wholesale prices in Japan rose 3.8% in December last year compared to a year earlier, adding to pressures on the central bank to raise interest rates, possibly at a monetary policy meeting next week. In China, the Hang Seng in Hong Kong gained 1.2% to 19,522.89, while the Shanghai Composite index rose nearly 0.3% to 3,236.03. Australia's S&P/ASX 200 surged 1.4% to 8,327.00. South Korea's Kospi gained 1.2% to 2,527.49. Treasury yields eased following an update on how much more US households had ..
Adding to the upbeat tone for the stock market were bumper fourth-quarter results from the likes of JPMorgan, which reported its biggest annual profit on record on Wednesday