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Rupee to Rise after Safe haven Dollar Drops to 4Month Low

MUMBAI, Dec 22 Reuters The Indian rupee is expected to open higher on Friday after a recovery in U.S. equities dampened the demand for the safe haven dollar. Nondeliverable forwards indicate the rupee will open at around 83.2083.22 to the U.S. dollar, compared with the previous session39;s closing at 83.2775. U.S. equities recovered from Wednesday39;s […]
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Dollar Finds Feet as US Inflation Test Looms

SINGAPORE, Dec 22 Reuters The dollar stabilised above a more than fourmonth low on Friday, with a key U.S. inflation gauge due later in the day that could offer clarity on how much room the Federal Reserve has to cut interest rates next year. The greenback hit a fivemonth trough against the New Zealand dollar […]
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London Stocks Slip in ChristmasTruncated Session

FTSE 100 down 0.1, FTSE 250 off 0.3 JD Sports falls following Nike39;s forecast cut UK markets to close at 1230 GMT Dec 22 Reuters British equities edged lower on Friday as a dour GDP reading brought forward recessionary jitters, while investors braced for the latest U.S. inflation data due later in the day. The […]
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Tesla Cybertruck Deliveries Hostage to Battery Production Hell

AUSTIN, Texas, Dec 21 Reuters Elon Musk says prototypes are easy, production is hell. And when it comes to the longawaited Cybertruck, Tesla39;s hell is its pioneering 4680 battery. Tesla delivered the first of its futuristic stainless steelplated electric pickups last month and CEO Musk said in October that it would probably hit an annual production rate […]
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Shares Struggle after Wall Street Wobble, Bonds Roar On

World stocks sag after Wall Street suffers yearend wobble Yen rises after Japan lifts growth forecasts Oil hovers around 80 amid Red Sea tensions Turkey jacks up rates again Graphic World FX rates LONDON, Dec 21 Reuters Share markets had an end of year wobble on Thursday, while bonds completed a remarkable round trip for […]
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Japan Government Lifts Economic Growth Estimates

TOKYO, Dec 21 Reuters Japan39;s government on Thursday slightly raised its economic growth projections for this fiscal year from its previous estimates, as external demand is likely to more than offset weak domestic consumption, the Cabinet Office said. In the twiceyearly economic outlook, the real economic growth rate for fiscal 202324 is estimated at 1.6, […]
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Weak U.K. Inflation Data, U.S. Consumer Confidence Surges

Previous Trading Days Events 20 Dec 2023 The Inflation report for the U.K. showed lowerthanexpected CPI changes. Inflation plunged in November to its lowest rate in more than two years. The annual rate of increase in the consumer prices index dropped to 3.9 from Octobers 4.6 according to official data. Key measures including core and […]
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