SNB and BOE Keep Interest Rates Unchanged, U.S. Unemployment Claims Too Low, U.S. Benchmark Indices Free Fall, Crude Climbs Back to 90 USDb

PREVIOUS TRADING DAY EVENTS 21 Sep 2023 The Swiss National Bank SNB surprised markets by pausing its current cycle of increases.The SNB held its policy interest rate unchanged at 1.75 highlighting the fact that inflation is now lower, currently at 1.6 in August and within its target level. It was described as a hawkish pause […]
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INR Set to Rally on Indias Inclusion in JPMorgan Bond Index

MUMBAI, Sept 22 Reuters The Indian rupee is expected to climb at the open on Friday as India39;s inclusion in JPMorgan39;s widely followed emerging market bond index is expected to lead to inflows of billions of dollars. Nondeliverable forwards indicate the rupee will open at around 82.8082.82 to the U.S. dollar, compared with 83.09 in the previous […]
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Indian Shares Extend Losses as Global Risk Appetite Wavers

BENGALURU, Sept 22 Reuters A fall in information technology and pharma stocks dragged India39;s benchmark indexes lower on Friday, setting them up for their worst week in seven months as investors feared the U.S. Fed39;s hawkish note might hold foreign investors back. The Nifty 50 was down 0.1 at 19,734 points as of 1035 a.m. IST, […]
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BOJ Keeps UltraLoose Policy, Dovish Guidance on Outlook

BOJ keeps ultralow interest rates unchanged Yen falls after BOJ39;s decision, dovish guidance Core inflation hits 3.1 in Aug, stays above BOJ39;s target Governor Ueda likely to brief media 0630 GMT TOKYO, Sept 22 Reuters The Bank of Japan maintained ultralow interest rates on Friday and a pledge to keep supporting the economy until inflation […]
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