WASHINGTONLONDON, Dec 8 Reuters The dollar rose on Friday after new data showed U.S. job growth accelerated in November and the unemployment rate dropped to 3.7, pointing to underlying strength in the labour market. The U.S. dollar index was last up 0.43 at 104.13. The yen was 0.15 lower against the dollar at 144.425, after […]

MUMBAI, Dec 8 Reuters India39;s foreign exchange reserves rose for a third straight week and stood at a more than fourmonth high of 604.04 billion as of Dec. 1, data from the Reserve Bank of India RBI showed on Friday. The reserves rose by 6.1 billion in the reporting week, the highest gain since the week […]

LONDON, Dec 8 Reuters Cash funds saw a mammoth 93.2 billion of inflows in the week to Wednesday, Bank of America Global Research strategists said in a report, the largest inflow since March 2023, as high yields on shortdated debt continue to attract investors. BofA39;s weekly 39;Flow Show39; showed equity funds saw 6.2 billion of […]

Previous Trading Days Events 06 Dec 2023 New claims for unemployment benefits increased moderately last week, suggesting that the labour market is actually cooling and coinciding with the other reports that suggest the same thing. There is no cumulative deterioration yet in the labour market that has caused previous Fed chairs to pivot quickly from […]

JOHANNESBURG, Dec 8 Reuters South Africa39;s rand weakened against the dollar on Friday after a surge in U.S. payrolls gains dampened hopes of an early interest rate cut by the Federal Reserve. At 1439 GMT, the rand traded at 18.9250 against the dollar , about 0.9 weaker than its previous close. The dollar index was […]

BENGALURU, Dec 8 Reuters Indian shares advanced on Friday, with the benchmark indexes Nifty 50 and Sensex hitting fresh record highs, after the Reserve Bank of India RBI stood pat on key rates for a fifth consecutive time and raised its growth forecast for fiscal 20232024. The NSE Nifty 50 index added 0.42 to 20,988.35 points, while the […]