Indian benchmark indices started the week on a weak note, with the BSE Sensex falling 0.32% to 81,872.77 and the Nifty 50 dropping 0.29% to 24,696.40 as of 10:20 am. Banking, financial, and IT stocks led the declines, reflecting investors’ caution ahead of the US Federal Reserve’s upcoming policy meeting.…
Spain’s economy is thriving, with 2024 marking one of its best years in recent history. It is projected to grow by 3%, almost four times the eurozone average. The labor market has added 1.8 million jobs since 2019, bond yields have dropped below France’s for the first time since 2007,…
Artificial intelligence tailwinds have already pushed the “Magnificent 7” to new highs, helping more broadly the S&P 500 to hit record levels, still, Lisa Thomas of TD Cowen says “It’s just tip of the spear in terms of the AI story.” Thomas expects another $1.0 trillion deployed in AI over…
The USD/CNY exchange rate rose for the fourth consecutive day, reaching a high of 7.28, after the relatively weak Chinese economic data. The remninbi has dropped by almost 4% from its highest level this year. China’s economy is not doing well The USD/CNY pair continued rising afer China published a…
The GBP/USD exchange rate continued its strong sell-off after last Friday’s UK GDP data and as traders waited for the upcoming Federal Reserve and Bank of England decisions. The pair retreated to a low of 1.2630 on Monday, down from the month-to-date high of 1.2810. UK economic slowdown There are…
Indian benchmark indices started the week on a weak note, with the BSE Sensex falling 0.32% to 81,872.77 and the Nifty 50 dropping 0.29% to 24,696.40 as of 10:20 am. Banking, financial, and IT stocks led the declines, reflecting investors’ caution ahead of the US Federal Reserve’s upcoming policy meeting.…
Asia-Pacific markets slipped on Monday, reversing earlier gains as investors weighed key economic data from China and anticipated major central bank decisions, including those from the Bank of Japan (BOJ) and the People’s Bank of China (PBOC), later this week. China’s economic data disappoints amid real estate struggles China released…
The US fraud case against Indian billionaire Gautam Adani has sparked significant legal debate, as prosecutors in Brooklyn aim to build a strong case using documents that may reveal extensive bribery activities. However, while the case appears to have critical evidence backing it, experts believe the likelihood of Adani being…
The USD/CNY exchange rate rose for the fourth consecutive day, reaching a high of 7.28, after the relatively weak Chinese economic data. The remninbi has dropped by almost 4% from its highest level this year. China’s economy is not doing well The USD/CNY pair continued rising afer China published a…
The GBP/USD exchange rate continued its strong sell-off after last Friday’s UK GDP data and as traders waited for the upcoming Federal Reserve and Bank of England decisions. The pair retreated to a low of 1.2630 on Monday, down from the month-to-date high of 1.2810. UK economic slowdown There are…