US Bond Funds Gain Robust Weekly Inflow as Yields Ease

June 7 Reuters U.S. bond funds secured the largest weekly inflow in four weeks in the seven days to June 5, driven by a rally in treasury bond prices after softer economic data bolstered expectations of Federal Reserve rate cuts this year. Investors acquired about 5.06 billion worth of U.S. bond funds during the week, […]
Read More

Dollar Languishes near 8Week Low ahead of Payrolls Test

TOKYO, June 7 Reuters The dollar hovered close to an eightweek low on Friday ahead of a crucial U.S. jobs report that could provide clues on the timing of Federal Reserve interest rate cuts. The euro held on to overnight gains after the European Central Bank reduced rates in a welltelegraphed move, but offered few hints about […]
Read More

IT Stocks, Cenbank GDP Boost Drive Indian Shares Higher

Indian shares traded higher on Friday, aided by gains in IT stocks, and as the country39;s central bank raised its growth expectations for the current fiscal year while keeping interest rates unchanged as expected. The NSE Nifty 50 index was up 1 at 23,060 points and the SP BSE Sensex added 1.2 to 75,941 points after the […]
Read More