Shares Rally as Investor Confidence in Fed Cuts Grows

LONDON, Dec 1 Reuters Global stocks edged up on Friday, having closed out their best month in three years the day before, as investor confidence that interest rates will fall next year has lured cash into equities, cryptocurrencies and gold at the expense of the dollar. The MSCI AllWorld index eased 0.1, mostly on the back […]
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Rupee to Open Higher on Robust India GDP, Cooling US Inflation

MUMBAI, Dec 1 Reuters The Indian rupee is likely to open higher on Friday following robust domestic economic data, while a separate report indicated U.S. inflation was cooling. Nondeliverable forwards indicate the rupee will open at around 83.3383.34 to the U.S. dollar compared with 83.3950 in the previous session. The local currency was a significant […]
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Dollar Soft as Traders Weigh Fed Rate Cut Prospects

SINGAPORE, Dec 1 Reuters The dollar dipped on Friday, while the euro edged higher after steep overnight losses as traders weighed data that showed inflation was easing, stoking expectations that interest rates had peaked and central banks would soon start cutting rates. The dollar index , which measures the U.S. currency against six rivals, was […]
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