EUROPEAN CENTRAL BANK
ECB set to hold rates steady with eye on France crisis
The European Central Bank is anticipated to maintain steady interest rates amidst controlled inflation and eased US tariff tensions, despite a new political crisis in France. ECB President Christine Lagarde voiced concerns about the potential impact of French political turmoil on markets and borrowing costs.
Govt promises humane jail stay for Mehul Choksi if extradited
The Indian government has assured Belgium that Mehul Choksi, accused in the PNB fraud, will be held in humane conditions at Mumbai's Arthur Road Jail if extradited. His cell will be separate from the main prison, equipped with amenities and recreational options like badminton and yoga.
Nifty failed to live up to GST 2.0 hype. Will this week offer a redemption?
Indian equities kicked off last week on a high, with the GST Council’s sweeping tax cuts sparking hopes of a broad rally. However, the rally fizzled out as quickly as it started. By Friday, the Nifty gave up much of its early gains.
Gold fever: Will central banks keep driving the golden surge?
Central banks' increasing appetite for gold is significantly influencing its surge, driven by diversification from the dollar, inflation hedging, and geopolitical uncertainties. Gold has surpassed the euro in reserve portfolios, reflecting a shift from US Treasuries amid global economic instability. While purchases may fluctuate, the trend indicates a continued strategic role for gold in safeguarding national wealth.
Charting the Global Economy: Weak US jobs data to prod Fed rate cuts
Concerns about a potential US labor market downturn intensified following disappointing employment data, increasing expectations for Federal Reserve interest rate cuts. Globally, factory activity contracted, particularly impacting Europe's electric vehicle market and prompting innovative recruitment strategies in the defense sector.
5 world market themes for the week ahead
Global markets brace for a week of pivotal economic data from the U.S., China, and Japan, alongside key central bank meetings. Investors are keenly awaiting the U.S. inflation report, influencing potential Federal Reserve rate cuts. Political uncertainties in France and Norway add to the market's cautious sentiment.
- Go To Page 1
Euro zone bond yields lag US Treasuries after US economic data
Euro zone government bond yields lagged behind U.S. Treasuries, which dropped sharply after data releases on Friday, sending the spread between German and U.S. borrowing costs to its lowest level since early April.
Sensex, Nifty50 end little changed as IT, consumer selloff offsets GST 2.0 led rally
Indian benchmark indices Sensex and Nifty concluded Friday's trading session with minimal movement. Profit booking in consumer and IT sectors counteracted gains in the auto industry, which was boosted by proposed tax cuts under the "GST 2.0" overhaul. The Sensex experienced a slight decrease, while the Nifty 50 saw a marginal increase.
Debt at World War II levels? Ray Dalio warns US economy echoes 1930s chaos as America stays silent
US national debt crisis 2025: Ray Dalio of Bridgewater Associates sees US economy mirroring the 1930s. He cites rising debt and political unrest. Dalio fears government control and silenced voices. He predicts a debt crisis within three years. America's debt is high. Dalio is concerned about Federal Reserve independence. He points to government's Intel investment as a sign of control.
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.
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.
European shares recover as bond selloff stabilizes ahead of US data
European shares climbed on Wednesday, bouncing back from steep losses in the previous session, as a selloff in longer-dated bonds appeared to stabilize, while investors awaited U.S. job openings data.
Gold surpasses U.S. Treasuries in central banks’ reserves for first time since 1996
Global central banks now hold more gold than U.S. Treasuries for the first time since 1996, with reserves exceeding $3.6 trillion amid record bullion buying. The shift reflects sanctions risks, U.S. debt concerns, and diversification needs, though the dollar remains dominant in global reserves.
Alibaba shares soar over 15% even as Asia markets dip
Alibaba shares surged, lifting the Hang Seng index. Other Asian markets declined following Wall Street's retreat. Japan's Nikkei fell sharply, pressured by tech stocks. Jakarta faced unrest due to economic hardship. South Korean semiconductor exports hit a record. US stocks dipped ahead of the Labor Day weekend. Inflation data impacted expectations for Federal Reserve rate cuts.
Charting the global economy: US consumers remain resilient, Indian exporters under pressure
American consumer spending saw a rise in July, driven by income growth despite high prices. Globally, economic landscapes are shifting. Germany faced rising inflation, while France grappled with political instability. China aimed for increased public welfare spending. South Korea's consumer confidence hit a seven-year high. Indian exporters sought government support amid US tariffs.
Tianjin: SCO to map course towards strong amity, greater regional security
The Shanghai Cooperation Organisation (SCO) Summit 2025 in Tianjin, China, aims to bolster unity and multilateralism among member states. Over 20 foreign leaders will address security challenges, enhance financial mechanisms, and strengthen collaboration. China seeks to build upon the Shanghai Spirit, fostering security, growth, and high-quality development within the SCO framework, ultimately contributing to a shared future for humanity.
Belgian court of appeal rejects Choksi's bail plea, Choksi & Nirav Modi wanted under Rs Rs 13000 crore PNB fraud
Mehul Choksi's bail plea has been rejected again by a Belgian court ahead of his extradition hearing. The CBI successfully argued that Choksi is a flight risk, having evaded legal proceedings in the past. He is wanted in India for his alleged involvement in the Rs 6300-crore Punjab National Bank fraud.
European shares post first weekly loss in four as banks weigh
European shares declined, hitting a two-week low, pressured by British banks amid proposed tax changes. Natwest, Barclays, and Lloyds experienced significant drops. The STOXX 600 fell, marking its first weekly loss in four, influenced by U.S. Federal Reserve concerns and French political uncertainty. U.S. inflation data and Trump's attempts to influence the Fed also weighed on market sentiment.
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.
RBI flags tariff risks but sees domestic factors supporting growth
The RBI's August report highlights downside risks to the Indian economy due to US trade policies, despite supportive domestic financial conditions. While uncertainties persist, factors like rising rural wages and rate cut transmissions are expected to bolster aggregate demand. The report also notes subdued industrial activity and anticipates headline inflation to remain below target.
Nasdaq ticks slightly higher after Nvidia results
US stock market sees a slight dip in early trading. This follows new economic data and mixed earnings reports from major US companies. Hormel's shares fall after disappointing earnings. Victoria's Secret shares rise after exceeding expectations. Technology companies help offset declines in healthcare. Investors are watching Nvidia closely. The Labor Department reports a drop in unemployment claims.
European shares fall on French political risks, Fed concerns
European shares dropped on Tuesday, led by losses in France as political uncertainty deepened in the country, while mounting concerns over the U.S. Federal Reserve's independence curbed appetite for riskier assets globally.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian equities closed higher Monday, led by IT stocks, after Fed Chair Jerome Powell signaled possible rate cuts next month. Optimism was fueled by falling US bond yields and positive domestic factors.
World's central bankers fear being caught in Fed's storm
Global central bankers fear that political pressure on the Federal Reserve could undermine their independence. President Trump's attempts to influence the Fed have raised concerns about its ability to control inflation. This situation could set a dangerous precedent, potentially leading to financial market turmoil and higher global inflation, as other governments may seek to control their central banks.
Central bankers at Jackson Hole warn growth hinges on foreign workers
Central bankers at Jackson Hole warned that aging populations and shrinking workforces necessitate increased foreign labor to sustain economic growth. Leaders from Europe, Japan, and the UK emphasized migrant workers' crucial role in stabilizing economies. Without foreign labor, countries like Germany and Spain would face significant GDP reductions and hindered recoveries, highlighting immigration's economic importance.
Trump’s Ukraine diplomacy and its ripple effect on precious metals markets
Trump’s renewed diplomatic push to end the Russia-Ukraine war has heightened uncertainty for gold and silver. A ceasefire could reduce the geopolitical premium, but failure may push bullion to new highs, with central banks and investors boosting demand amid inflation, tariffs, and currency risks.
ECB rate cut talk may resume after September pause, sources say
European Central Bank may keep interest rates steady next month. Discussions on rate cuts might resume in autumn if the economy weakens. Earlier, ECB paused rate cuts due to resilient economy and inflation at target. US tariffs are within ECB expectations. Future rate cut talks depend on economic data, US tariffs impact, and Ukraine war situation.
ECB officials sticking to steady interest rates after trade deal
ECB officials are leaning towards holding interest rates steady in September, buoyed by growth and inflation trends aligning with June forecasts. The recent trade agreement between the EU and the US has eased concerns, though some uncertainties linger.
Load More
