INTEREST RATE CUT
Gold pierces $3,600 mark as traders weigh Fed rate-cut bets
Gold prices hit a record high on Monday. This happened after weak job data in the United States. The data increased the expectation that the US Federal Reserve will cut interest rates. Spot gold increased. The rise was also driven by a weaker dollar and central bank buying. Investors are now waiting for the US inflation report.
StanChart revises Fed cut expectations to 50 bps in September after weak US jobs data
Standard Chartered anticipates a significant 50 basis point interest rate cut by the U.S. Federal Reserve at its September 17 meeting. This revised forecast follows weaker-than-expected August jobs growth and a rise in unemployment to 4.3%. The brokerage firm believes the rapidly softening labor market necessitates a more aggressive monetary policy response.
Asian stocks gain on rate cut optimism, yen dives after Ishiba resigns
Following weak U.S. jobs data, stocks rose amid expectations of Federal Reserve rate cuts, while the dollar weakened. Japan's yen declined due to political uncertainty after Prime Minister Ishiba's resignation, raising concerns about future monetary policy. Gold prices remained near record highs as investors awaited U.S. inflation data and monitored political developments in France.
Dynamic bond mutual funds: Investors supposed all-interest-rate investment has failed in current rate cut-cycle
Amid the bond market’s season of woes, dynamic bond funds appear to have badly miscalculated the payoffs from the rate-cutting cycle
Wall Street Week Ahead-Inflation data looms for markets as stocks hover at records
U.S. stock investors are bracing for a week filled with crucial inflation data amid tariff uncertainties and fluctuating government bond yields. Despite a strong year, the S&P 500 faces headwinds as valuations appear stretched and September historically poses challenges.
Trump's short list for Fed: Hassett, Warsh and Waller
President Trump is considering Kevin Hassett, Kevin Warsh, and Christopher Waller to succeed Jerome Powell as Federal Reserve chair, seeking leadership aligned with his interest-rate cut demands. Trump has criticized Powell's cautious approach, citing concerns about the economy.
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Fed's Goolsbee says he's undecided on Sept rate cut, defends Fed independence
Chicago Fed President Austan Goolsbee remains undecided on a September rate cut despite recent job-market weakening data. He defended the Fed's independence, opposing any moves to undermine it. Goolsbee expects future nominees to take their roles seriously, amidst concerns about potential political influence from President Trump's nominee.
Trump's short list for Fed Chair: Kevin Hassett, Kevin Warsh and Christopher Waller
President Trump is considering Kevin Hassett, Kevin Warsh, and Christopher Waller to succeed Jerome Powell as Fed chair, seeking someone aligned with his desire for interest-rate cuts. This decision comes amid concerns about a softening labor market and Trump's criticism of Powell's cautious approach. The choice will significantly impact financial markets and the Fed's independence.
US stocks end lower as jobs data fuels economic worries
The U.S. economy created 22,000 jobs last month instead of an estimated 75,000, confirming softening labor market conditions, according to the Labor Department report. The three major U.S. stock indexes initially rose and broke records following the data, as traders of futures tied to the Fed's policy rate boosted bets that the U.S. central bank will trim rates in quick succession, starting this month, with a 50-basis-point easing now on the table.
US stocks ease from record highs as slowdown fears cloud rate-cut optimism
Wall Street indexes declined from record highs on Friday. This followed worries about an economic slowdown. The U.S. economy added fewer jobs than expected last month. This raised bets for Federal Reserve interest-rate cuts. Energy and bank sectors saw the biggest drops. Broadcom's positive forecast boosted semiconductor stocks. Lululemon shares fell after a profit warning.
Gold surges to fresh record high after soft US jobs data
Gold prices hit fresh record highs on Friday after a soft U.S. jobs report cemented hopes of a Federal Reserve interest rate cut, fuelling fresh momentum for bullion's blistering rally.
Dollar holds ground as bonds find footing, jobs data looms
The dollar steadied as bond markets recovered, awaiting crucial U.S. jobs data that could reinforce expectations of a Federal Reserve rate cut. Investors are cautiously optimistic, with many believing the dollar is currently undervalued and poised for a rebound after the anticipated rate cut. Meanwhile, the yen gained ground following details of a finalized U.S.
Gold prices set for best week in three months; US jobs data on tap
Gold prices saw a slight increase on Friday, poised for their best week in three months, fueled by growing expectations of a U.S. interest rate cut this month. The market's attention is now focused on the U.S. non-farm payrolls data due later today, which could offer further clarity on the Federal Reserve's interest rate trajectory. Spot gold was up 0.
S&P 500 registers record-high close as data keeps rate cut views intact
The S&P 500 achieved a record closing high, fueled by positive labor market data and strong performances from Broadcom, Amazon, and Meta Platforms. Investors anticipate a Federal Reserve interest rate cut despite increased unemployment claims and slowed private sector hiring. The Dow, S&P 500, and Nasdaq all experienced gains, while Salesforce shares declined due to a weaker revenue forecast.
Oil prices ease on surprise build in US crude stockpiles, OPEC+ to consider output hike
Oil prices dipped about 1% to a two-week low due to a surprise increase in U.S. crude inventories and expectations that OPEC+ may raise output targets. Weak U.S. economic data also fueled speculation of a Federal Reserve interest rate cut.
UK firms report biggest drop in employment since 2021 in BoE survey
A Bank of England survey reveals British businesses have significantly reduced employment, marking the largest drop in nearly four years. While wage growth is expected to slow, businesses anticipate persistent price pressures, complicating the outlook for inflation. This mixed data provides arguments for both sides of the debate on future interest rate cuts.
Gold holds firm near record high on US rate-cut expectations
Gold prices remained stable near record highs. This was supported by global economic uncertainties. Expectations of a U.S. interest rate cut also played a role. Investors are now awaiting key U.S. jobs data. The U.S. Labor Department reported a fall in job openings. Fed officials suggest rate cuts are likely. Focus is now on U.S. non-farm payrolls data.
Asian stocks rise as weak US jobs fuel Fed bets
Asian equities rose, mirroring Wall Street's gains, as weak US job openings data fueled expectations of a Federal Reserve interest-rate cut. Markets are pricing in a September cut and anticipating at least two reductions this year.
Gold touches record high above $3,500 amid anticipation of US interest rate cut
Gold prices briefly surged to a record high, exceeding $3,508 an ounce, driven by anticipation of US interest-rate cuts and anxieties surrounding the Federal Reserve's future. This rally, fueled by expectations of a subdued labor market and subsequent rate reductions, has significantly boosted gold's appeal as a haven asset.
Gold hits record high as US rate-cut hopes, softer dollar boost appeal
Gold prices surged to a record high, fueled by a weaker dollar and growing anticipation of a U.S. interest rate cut this month. Market sentiment is influenced by President Trump's criticism of the Federal Reserve's independence. Investors are closely monitoring upcoming U.S. non-farm payrolls data to gauge the extent of the expected Fed rate cut.
Gold hovers near record high on US rate-cut hopes, soft dollar
Gold prices surged to a four-month peak, nearing April's record high, fueled by a weaker dollar and growing anticipation of a U.S. interest rate cut this month. The expectation of a rate cut is driven by traders pricing in a high probability of a 25-basis-points reduction by the Federal Reserve. Investors are now awaiting U.S.
Wondering why RBI rate cuts haven't made your EMI bill lower? Herein lies the answer
The realities of the bond market, inflation expectations and fiscal uncertainties are complicating matters when it comes to rate cut transmission. Borrowers have been left waiting for relief as the intended benefits of the RBI's rate cut are not filtering through to the lending rates.
Tech stocks weigh as US market pulls back from its latest all-time high
Stocks declined on Friday, pulling back from record highs, after inflation data showed prices remained steady. The S&P 500 fell 0.8%, dragged down by technology stocks like Dell, Nvidia, and Oracle. Despite in-line inflation figures, concerns about consumer sentiment and future economic sluggishness persist, influencing expectations for a potential Federal Reserve interest rate cut next month.
European shares slip ahead of crucial US, euro zone data
European shares edged lower on Friday as investors geared up for a slew of euro zone data and a key U.S. inflation report for cues on the potential timing of interest rate cuts on both sides of the Atlantic.
Fed governor calls for rate cut at September policy meeting
Christopher Waller, a US Federal Reserve governor, suggests lowering the key interest rate. He expressed this view ahead of the next monetary policy meeting. Waller hopes this measure will protect the labor market. He aims to bring inflation back to the two percent target. President Donald Trump has also pushed for a rate cut.
Bank of Baroda cuts loan rates by 0.25 pc on select products of car, mortgage loans
Bank of Baroda has announced a reduction of over 0.25% in interest rates for select car and mortgage loan products, effective immediately. This move, coinciding with the festive season, aims to boost credit growth amidst calls for economic expansion. The floating car loan interest rate now starts at 8.15%, while loan against property rates are down to 9.15%.
Gold holds ground as investors await US data for more Fed cues
Gold prices showed stability. Market observers are keenly waiting for the release of U.S. economic figures this week. This data will provide insights into the Federal Reserve's future actions on interest rates. The Personal Consumption Expenditures Price Index data is expected soon. Investors are also watching comments from Fed officials. Dollar's weakness supported gold.
Dollar on defensive as September Fed cut bets ramp up
The dollar weakened as traders increased bets on a Federal Reserve rate cut next month, influenced by dovish signals from New York Fed chief John Williams and President Trump's pressure on monetary policy. Concerns over France's political stability had little impact, while a canceled trade negotiation trip from Japan added to market uncertainty.
S&P 500 notches record close; traders turn to Nvidia results
The S&P 500 achieved a record high close ahead of Nvidia's quarterly results, a key event testing the AI rally's valuation. While Nvidia's stock dipped slightly, its significant S&P 500 weighting makes its financial performance crucial. Investors are also monitoring potential interest rate cuts and political developments, including Trump's attempt to replace a Federal Reserve Governor.
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