Stocks could see another swoosh before the market is able to build on, or even hold, this week’s gains.
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Trump Says Federal Reserve Rate Hikes Are His ‘Biggest Threat’
President Donald Trump called the Federal Reserve his “biggest threat,” again criticizing the central bank for endangering economic growth through interest-rate hikes.
Gold Prices Slip Today, Silver Edges Lower
Global spot gold rate was little changed at $1,226.71 an ounce. It touched $1,233.26 on Monday, its highest since July 26. US gold futures were flat at $1,230.40 an ounce. Despite the recent rally in global gold rates, price of the precious metal remains down nearly 10% from its April peak.
Nifty, Sensex set to open Lower amid Sell off in Global Markets
Nifty, Sensex set to open Lower amid Sell off in Global Markets — Benchmark indices BSE Sensex and NSE’s Nifty 50 are set to open lower on Thursday in line with global markets. Asian share markets sank in a sea of red after US stocks suffered its worst drubbing in eight months.
Asia stocks falter; Shanghai, Hong Kong, Tokyo all down more than 2%
Asia markets fell sharply on Thursday morning, with the stock indexes in Shanghai, Hong Kong and Tokyo all down more than 3 percent.
Trump says the Federal Reserve has ‘GONE CRAZY’ by Continuing to Raise Interest Rates
President Donald Trump knocked the Federal Reserve for continuing to raise interest rates despite some recent market turbulence.
China and European Woes Weigh on Equities But Buy the Dollar
The markets are having a rough adjustment to the return of the Chinese markets are the week-long holiday. The cut in the required reserves failed to lift investor sentiment. The Shanghai and Shenzhen Composites fell almost 4%, and the yuan slid nearly 0.8%. It is an unusually large decline for the closely managed currency.
Sensex, Nifty Extend Decline; OMCs Fall Over 20%
The S&P BSE Sensex fell 0.3 percent or 125 points to 35,044 and the NSE Nifty 50 Index declined 0.74 percent or 78 points to 10,520.
Sensex, Nifty set to open Cautious ahead of RBI Decision, Rupee Trades flat
In global markets, Asian shares struggled after benchmark U.S. Treasury yields surged to a seven-year high and strong economic data fanned concerns about inflation and the risk of faster-than-expected interest rate rises. The surge in Treasury yields has also prompted a rise in government bond yields across the globe.
Commodity Corner: Oil Prices Ease, Gold Rates Little Changed – Gold Silver Reports
Crude Oil:
Crude Oil prices fell from four-year highs reached the previous session, pressured by rising US inventories and after sources said Russia and Saudi Arabia struck a private deal in September to raise crude output. Brent crude oil futures were trading at $85.85 per barrel, down 44 cents, or 0.5%, from their last close. Brent on Wednesday hit a four-year high of $86.74 a barrel. US WTI crude futures were down 30 cents, or 0.4%, at $76.11 a barrel.