US Fed rate cut: Indian market is on the backburner due to premium valuation, says analyst

US Fed rate cut: Indian market is on the backburner due to premium valuation, says analyst

In the past month, the global equity market had exhibited volatility and mixed performance leading towards the pivotal FOMC decision of September 18. It was highly anticipated that the Fed would break its hawkish policy started since early 2022 and shift to an accommodative monetary policy by initiating a 25bps cut. The market believed that, … Read more

Yen tumbles as markets on alert for Japan action; dollar falls after data

NEW YORK (Reuters) -The yen dropped to multi-year lows against the U.S. dollar and euro on Tuesday, keeping investors on heightened Japanese intervention watch ahead of this week’s Bank of Japan policy meeting. The euro reached 165.71 yen, its highest since 2008, after data showed business activity in the euro zone expanded at its fastest … Read more