[ad_1] Silver prices are showing strong momentum and may continue to outperform gold in the near term, according to Anindya Banerjee, Senior VP and Head of Research (Currency, Commodity & Interest Rates) at Kotak Securities. “Silver has gained compared to gold, and that is because of the base metals and a short covering rally in […]
US Fed needs to halt rate cuts to sustain strong dollar, says Ed Yardeni – CNBC TV18
[ad_1] Ed Yardeni, President of Yardeni Research, said that the US Federal Reserve may need to halt its rate cuts if the dollar remains strong. Yardeni said that the US economy is robust, and his company, Yardeni Research, has maintained a positive outlook on the dollar. He stated that a few months prior, the dollar […]
Yen falls, Japan’s stocks rise as traders weigh election impact – CNBC TV18
[ad_1] The yen fell to three-month low while Japanese stocks climbed Monday as as investors mulled the implications of the Liberal Democratic Party and its coalition partner losing their majority. The currency weakened as much as 0.8% against the dollar, with the slide coming after four straight weekly declines. That’s again raised the risk that […]
Global flows hit a 5-week high but the money moving to India has slowed down – CNBC TV18
[ad_1] Global capital flows have reached a five-week high due to strong investments in US markets, according to the latest Global Liquidity Tracker report from Elara Securities. However, money flowing into India has slowed. Global equity flows surged to $20.4 billion, marking a four-week peak, primarily driven by a historic $1.1 billion in Yen-denominated inflows […]
FPIs turn net sellers; pull out ₹21,201 crore from equities in August so far – CNBC TV18
[ad_1] Foreign investors continued their relentless selling in the Indian equity markets in August, offloading shares worth ₹21,201 crore due to the unwinding of the yen carry trade, recession fears in the US and ongoing geopolitical conflicts. This came after an inflow of ₹32,365 crore in July and ₹26,565 crore in June, data with the […]
Yen snaps five-day gain, weakens versus dollar in choppy trading – CNBC TV18
[ad_1] The yen weakened more than 1% against the dollar on Tuesday morning, halting a five-day surge that gathered pace when the Bank of Japan hiked interest rates last week. The currency then clawed back much of the intraday loss amid choppy trading and was down 0.6% at 145.02 as of 9:58 a.m. in Tokyo. […]
Oppenheimer Asset Management expects no US Fed interest rate cuts until September – CNBC TV18
[ad_1] The US Federal Reserve is unlikely to cut interest rates in July or even September, according to John Stoltzfus, MD and Chief Investment Strategist at Oppenheimer Asset Management. In an interview with CNBC-TV18, Stoltzfus mentioned that it is a time of uncertainty because many highly leveraged investors are hoping for rate cuts, but the […]