Reuters Schwab Asset Management on Monday said it cut fees on the Schwab HighYield Bond ETF SCYB and the Schwab U.S. TIPS ETF, which offers exposure to inflationprotected Treasury securities, to just three basis points, or 0.03, to attract investors. That brings the fees for those products to the same level as its other fixed […]

Sept 26 Reuters As many as 18 new exchangetraded funds ETFs are scheduled to launch in the United States market this week, more than double the average weekly total of 8.5 so far this year. The flurry of new offerings would bring the total of ETF launches this month to 57, a record for this […]

SINGAPORE, Sept 26 Reuters The dollar stood by 10month highs against a basket of major currencies on Tuesday, supported by U.S. bond yields scaling 16year peaks, while the yen tiptoed deeper into the intervention danger zone. A combination of resilient economic data, hawkish Federal Reserve rhetoric and a budget deficit to be financed by borrowing […]

BENGALURU, Sept 26 Reuters Indian benchmark indexes were muted on Tuesday as some domestic buying helped limit losses from a relentless selling by foreign funds over fears that global interest rates will stay higher for longer. The Nifty 50 was mostly flat at 19,687 points as of 1026 a.m. IST, while the SP BSE Sensex was […]

MUMBAI, Sept 26 Reuters The Indian rupee weakened on Tuesday, tracking Asian peers, while elevated U.S. Treasury yields also weighed on the local unit, which neared key support levels. The rupee was at 83.2250 against the U.S. dollar as of 1055 a.m. IST, compared with 83.1450 in the previous session. The 10year U.S. Treasury yield […]

Sept 26 Reuters Major Stock markets in the Gulf fell in early trade on Tuesday, tracking declines in oil prices, with the U.S. Federal Reserve39;s hawkish tone weighing on investor sentiment. Oil prices a key catalyst for the Gulf39;s financial markets declined, with Brent crude down 1.2 at 92.16 a barrel by 0850 GMT. Dubai39;s […]

PREVIOUS TRADING DAY EVENTS 25 Sep 2023 German business sentiment worsened in September, falling for the fifth month in a row and underlining recession fears in the Eurozones largest economy. The Ifo Institutes business climate index was reported at 85.7, a decline from a revised August figure of 85.8 but above the 85.2 forecast. The […]

Consumer staples, healthcare firms gain ASOS sees Q2 profit at bottom end of guidance Close Brothers falls as Novitas provision drags 2023 profit FTSE 100 up 0.2, FTSE 250 off 0.1 Sept 26 Reuters UK39;s FTSE 100 reversed early declines in choppy trading on Tuesday, helped by safehaven sectors like consumer staples and healthcare, while […]