Markets seem to be back in mild risk on mode in Europe, shrugging off the selloff in Asia. US futures also point to higher open, as the record run could resume this week. The currency markets are relatively mixed. Yen is stabilizing into US session after earlier selloff. Dollar is also weakening mildly for the
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U.S. Treasury debt issuance estimates U.S. Treasury expects to issue $463 billion of net marketable debt in April to June 2021. That is much higher than the February estimate of $95 billion increasing in the borrowing estimate is due to additional spending due to covert 19 in January – March 2020, it issued $401 billion in
Gold prices jumped more than 1% on Monday, with the rally spilling over into other precious metals as well, driven by a retreat in the and US Treasury yields. Spot gold was up 1.4% at $1,792.41 per ounce by 12:13 p.m. EDT (1613 GMT), after hitting its highest since April 22 at $1,797.75. US gold
The forex markets are relatively quiet in Asia, with Japan and China on holiday. Main theme is extended selloff in the Japanese Yen despite steep decline in Hong Kong and Singapore stocks. Aussie and Kiwi are the mildly firmer ones while Swiss Franc is softer. Also, a major talking point is the strong rises in
Latest data released by Markit – 5 May 2021 While missing on estimates, the reading here is still a positive one as it beats out the March performance. The Spanish manufacturing sector is still showing optimistic signs with new orders and production being up sharply. Input prices continue to climb as well, so that puts
NEW DELHI: Gold and silver futures prices ticked up on Monday, supported by a muted dollar ahead of the release of a series of US data and the deepening of the coronavirus pandemic in India. The dollar index was down 0.1 per cent against its rivals, making gold less expensive for other currency holders. Meanwhile,
Bank of England, Governor Andrew Bailey, 0.10%, Meets May 06 Prior to the latest BoE meeting on March 18 there was a tail risk of a rate hike coming into the markets. The GBP has been strongly supported over the last few weeks and the last meeting continues to provide reason for optimism regarding GBP
NEW DELHI: Copper futures on Friday slipped 0.28 per cent to Rs 754.80 per kg as participants cut their positions amid muted demand in the domestic market. On the Multi Commodity Exchange, copper contracts for May delivery eased by Rs 2.15, or 0.28 per cent, to Rs 754.80 per kg in a business turnover of
Bloomberg post a summary of Buffett’s dealings via a weekend regulatory filing: net stock sales in the first quarter were the second-highest in almost five years and Berkshire Hathaway slowed its pace of share buyback Berkshire’s cash holdings rose 5.2% from three months earlier to a near-record $US145.4 billion at the end of March The
Physical gold in India was sold at a discount this week for the first time in 2021 as a spike in coronavirus cases prompted strict restrictions and kept buyers away. Several Indian states have run out of coronavirus vaccines as new infections surged to another daily record. “Almost every state government has put some kind
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By Eddie Spence and Megan DurisinThe prices of raw materials used to make almost everything are skyrocketing, and the upward trajectory looks set to continue as the world economy roars back to life. From steel and copper to corn and lumber, commodities started 2021 with a bang, surging to levels not seen for years. The
Canadian Dollar ended last week as the strongest ones on a couple of factors. With some near term resistance taken out, such rally will likely continue for the near term. Swiss Franc ended as the second strongest. While Dollar was pressured for most of the week, it staged a notable rebound on Friday to close
Forex news for North American trade on April 30, 2021: Markets: Gold down $3 to $1769 US 10-year yields down 1 bps to 1.62% S&P 500 down 30 points to 4181 WTI crude oil down $1.43 to $63.58 USD leads, NZD lags The US dollar was strong particularly against the euro, sterling and antipodeans. Consider
NEW YORK: Oil prices fell from six-week highs on Friday as investors unloaded positions after weak Japanese crude import data and on worries about fuel demand in India, where COVID-19 infections have soared. US crude and global benchmark Brent logged their biggest daily drops in more than three weeks, but saw monthly gains of near
The Fed voted unanimously to leave the Fed funds rate target at 0-0.25%. It also decided to keep the asset purchases at US$120B per month. As expected, the Fed upgraded the economic assessments but continued to warn of downside risks. Fed Chair Jerome Powell at the press conference noted that the Committee has not talked