The US Federal Reserve’s supersized interest rate cut by 50 basis points (bps) or (½) half a percentage point has triggered a robust rally in several commodity baskets, particularly gold prices, lifting its demand optimism. The much-awaited US Fed pivot has resulted in the US dollar and US Treasury yield being inversely proportional to gold … Read more
Indian government bond yields jumped sharply on Tuesday, with the benchmark 10-year bond yield witnessing its biggest surge in eight months, as early voting trends in the Lok Sabha election results 2024 so far were falling short of market expectations. The benchmark 10-year bond yield was at 7.0130% as against its previous close at 6.9438%. … Read more
Asia’s shares rose after a significant tech-driven surge in US benchmarks, and investors are waiting for important inflation data later on Wednesday to get a sense of what the Federal Reserve will do next. On Tuesday, May 14, amid mixed global cues, the Sensex and the Nifty 50 finished the day in positive territory for the … Read more