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SOFT US CPI
India wholesale inflation jumps to 8.3%, highest in 3-1/2 years on oil shockWholesale inflation in India jumped to 8.3 percent in April. This is the highest rate recorded in the current series. Soaring fuel and crud...- US stock market today: Why is Dow Jones crashing while the S&P 500 and Nasdaq rise? Dow falls 260 points as inflation heats up and Trump heads to ChinaUS stock market today: Dow Jones, S&P 500, and Nasdaq moving in opposite directions. Dow falls 260 points today as inflation heats up and P...
- US Workers’ paychecks lose buying power for first time since 2022: What is crushing middle-class Americans despite rising wages and bigger paychecks running higher?US inflation rose to 3.8% in April. That is the highest level since May 2023. American workers are now losing buying power again as rising ...
- Why did the US stock market crash today? Dow Jones, S&P 500 and Nasdaq sink deep into red as Iran tensions and soaring oil prices fuel fresh inflation fears across Wall StreetUS stock market crash today shocked Wall Street after US CPI inflation jumped to 3.8%, the highest level in three years. The Dow Jones fell...
- Why is Dow Jones crashing today while Nasdaq and S&P 500 are rising? US stock market update as Dow drops 150 points and Nasdaq jumps over 100 pointsUS stock market today: The Dow Jones crashing today signals a sharp split in the US stock market. The Dow Jones Industrial Average dropped ...
- Gold inches higher as soft US PPI data fuels rate cut bets; CPI in focusGold prices saw a slight increase. This happened after U.S. producer price data came out lower than expected. The data increased anticipati...
- Rupee ends weaker, pressured by state-run banks' dollar bids; eye on US inflationThe rupee ended at 83.56 vs. the U.S. dollar, pressured by state-run banks and Asian peers like the won rising.
- Rupee inches up on foreign banks' dollar sales, uptick in Asia FXThe dollar index was down 0.1% at 104.9, while most Asian currencies rose. The offshore Chinese yuan was up nearly 0.2%, while the Philippi...
- Japan's Nikkei cruises to 34-year peak, briefly breaching 38,000 rangeJapan's Nikkei share average closed at a fresh 34-year high on Tuesday as trading resumed after a long holiday weekend, with tech-related s...
- Gold supported by dovish Fed expectations after soft US CPI dataData showed U.S. consumer prices were unchanged in October as Americans paid less for gasoline, and the annual rise in underlying inflation...
- Fed's last rate hike coming at July meeting, economists sayInflation is falling, with the headline consumer price index (CPI) measure slowing to 3.0% in June from 4.0% in May. That led many observer...
- Dollar droops as bets build for Fed pause, yuan at 6-mth lowThe US dollar weakened to a three-week low against the euro and a one-month low versus sterling on Wednesday due to soft US inflation data,...
- Electoral friendship with Gorkha Janamukti Morcha may cause heavy loss to CPI(M) in West Bengal Assembly electionWhen asked on the issue, GJM President Mr. Bimal Gurung also commented in favour of joining hands with CPIM or Congress to defeat TMC.
- West Bengal Congress leaders trying to convince Sonia Gandhi about alliance with CPI(M)Cong. leaders from West Bengal are meeting party president Sonia Gandhi separately to convince her about their plea for an electoral allian...
- Easing inflation makes strong case for RBI rate cut: Ind-RaRetail inflation at 3.7% in August is much lower than RBI's guided path target by January and there is a room for at least 25 basis points ...
- Expect no changes in RBI’s rate regime: Indranil Pan, Kotak Mahindra Bank"We are expecting perhaps another cut in the SLR. But, absolutely, no change on the rate front," says Indranil Pan.
- Euro/USD looking at support between $1.3815-30Still failing to break significantly through the 76.4% Fibo retracement at $1.3876, maybe been a couple of points higher, at this stage. No...
- Market taking cues from global factors and quarterly results: Sudip Bandyopadhyay"Markets are being driven by global news flows which is linked to the liquidity and corporate results."
- RBI to continue soft monetary policy till recovery is securedThe Reserve Bank today said the soft monetary policy adopted by it to counter the impact of the global financial meltdown on the country wi...
- Rupee ends lower at 41.09/10 versus dollarThe rupee weakened further against the US currency on Friday and ended at 41.09/10.
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