Previous Trading Days Events 05.09.2024 Australia Balance of Trade Released in July 2024 at AUD 6.01B, beating expectations of AUD 5B. Positive impact on AUD. Switzerland Unemployment Rate August 2024 release showed a rise to 2.4, up from 2.3. Negative impact on CHF. Euro Area Retail Sales MoM July 2024 saw a 0.10 increase. Minimal […]

MUMBAI, Sept 6 Reuters The Indian rupee ended higher on Friday, tracking gains across regional currencies ahead of the crucial U.S. jobs report that will help investors gauge the extent of a rate cut at the Federal Reserve39;s meeting this month. The rupee settled at 83.9475 to the U.S. dollar, up from 83.9825 in the […]

US payrolls report due at 1230 GMT Perth Mint39;s August gold sales rise Palladium heads for weekly loss Sept 6 Reuters Gold held below a oneweek high on Friday and was on track for a weekly gain, as market participants focussed on U.S. jobs data that could shape the size of an expected rate cut […]

India surges toward leading position on EM benchmark Mid and large stocks have highest PE ratio globally LSEG Funds shy of buying deepen underweight allocation SINGAPORE, Sept 5 Reuters India39;s stock market rally is ramping up its index weighting and creating a dilemma for global fund managers sit back and watch as their relative exposure […]

Concern over U.S. economy underpins ratecut expectations Market focus on Friday39;s U.S. jobs report Options markets preparing for large moves Dollar at onemonth low vs yen, euro and sterling higher LONDON, Sept 5 Reuters The dollar touched onemonth lows against the yen and was under pressure against other major currencies on Thursday as growing concern […]

LONDON, Sept 5 Reuters JPMorgan has ditched its buy recommendation on Chinese stocks, warning of the risk of a second tariff war after November39;s U.S. election and citing worries about the country39;s growth. The bank downgraded China to neutral from overweight in a note on Wednesday and recommended investors add to bets on countries such […]

BENGALURU, Sept 5 Reuters India could soon overtake China as the most influential in a key emerging markets index, pulling in more foreign funds and adding fuel to a stock market rally that, though already among the best globally, is only past the halfway mark, Morgan Stanley said. The South Asian country39;s weightage in the […]

BENGALURU, Sept 5 Reuters The Indian rupee will be confined to a narrow trading range against the U.S. dollar over the coming year as the Reserve Bank of India continues to intervene in the market to shield the currency from volatility, a Reuters poll of FX analysts showed. The dollar fell more than 2 against other major […]

Fed39;s Daly says rate cuts needed to keep labour market healthy Traders see 45 chance of 50basis point Fed rate cut this month 2,600 viable target for gold before yearend analyst Sept 5 Reuters Gold was little changed on Thursday as investors kept to the sidelines ahead of U.S. payrolls data that could provide more […]

NEW YORK, Sep 5 Reuters The U.S. dollar39;s decline is gaining speed as anticipated interest rate cuts by the Federal Reserve threaten to end the greenback39;s yearslong period of strength. The dollar has fallen 5 from its 2024 highs, close to its lowest level in about a year against a basket of its peers following […]