NEW DELHI, 02/02/2025: People seen buying the vegetables at a market, as the Union Budget 2025-26 has allocated ₹1,348 crore to the National Capital Territory (NCT) of Delhi, reflecting an increase of ₹100 crore in loans and advances but maintaining grants-in-aid at the previous year’s level., in New Delhi on Sunday. Photo: Sushil Kumar Verma…
Wall Street stock indices rebounded on Monday after a steep Friday sell-off, as optimism for an earlier Federal Reserveinterest rate cut prevailed. At 9:33 AM, the Dow Jones Industrial Average rose 301.22 points, or 0.69%, to 43,889.80, the S&P 500 gained 48.91 points, or 0.78%, to 6,286.21 and the Nasdaq Composite was up 205.12 points,…
The US Consumer Price Index is set to rise 2.7% YoY in June, accelerating from May’s 2.4% growth. US President Donald Trump continues to threaten tariffs and undermine the Fed’s independence. June’s inflation data will significantly impact the direction of the US Dollar as it is a key indicator for the Fed’s interest-rate path ahead….
Gold price dives to a fresh monthly low and seems poised to register heavy weekly losses. Fed rate cut bets and a bearish USD do little to lend support to XAU/USD or stall the downfall. Traders look forward to the release of the US PCE Price Index for a fresh directional impetus. Gold price (XAU/USD)…
Global oil markets are bracing for another wild week after the United States launched direct strikes on Iranian territory over the weekend, raising fears of a retaliatory escalation that could threaten vital energy infrastructure and shipping lanes in the Middle East. Prices spiked to their highest levels in five months in early trading on Monday…
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), rose to 2.4% on a yearly basis in May from 2.3% in April, the US Bureau of Labor Statistics (BLS) reported on Wednesday. This reading came in below the market expectation of 2.5%. Follow our live coverage of…
Wall Street stocks gained on Tuesday as investors awaited the outcome of ongoing trade talks between the United States and China. As of 12:23 PM Eastern time, the S&P 500 was 0.3% higher, the Dow Jones Industrial Average was up 0.1%, and the Nasdaq Composite was 0.3% higher. At 10:03 AM ET, the Dow Jones…
Gold price slumps to near $3,280 despite trade tensions between the US and China have renewed. US Appeals court lifts the ban on Trump’s tariffs temporarily. The US core PCE inflation grew moderately by 2.5%, as expected, on year in April. Gold price (XAU/USD) slides to near $3,280 during North American trading hours on Friday,…
US equities mostly rose on Tuesday following benign consumer price inflation data. The Consumer Price Index (CPI) fell to 2.3% in April from a year ago, down from 2.4% in March. At 11:47 AM EDT, the Dow Jones Industrial Average fell 0.21%, the S&P 500 gained 0.93%, and the Nasdaq Composite rose 1.65%. At 10:48 AMEDT, the Dow…
Inflation in the United States (US), as measured by the change in the Consumer Price Index (CPI), declined to 2.3% on a yearly basis in April from 2.4% in March, the US Bureau of Labor Statistics (BLS) reported on Tuesday. This reading came in below the market expectation of 2.4%. Follow our Live Coverage here…
