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Market sentiment is stable today, with European index trading mildly higher while US futures point to a rebound. But overall direction remains rather unclear. Sterling is currently the stronger one, with additional help from buying against other European majors. Kiwi is also firmer, awaiting tomorrow’s RBNZ rate hike, followed by Dollar. On the other hand,

US September service sector data from Markit Prelim was 54.4 Prior was 55.1 Composite 55.0 vs 54.5 prelim Cost pressures built for a second month running as input prices rose at a steep rate Prices composite 76.2 vs 76.3 prelim Business expectations regarding the outlook for activity over the coming 12 months improved during September

New Delhi: Gold in the national capital on Tuesday rose by Rs 269 to Rs 45,766 per 10 grams amid rupee depreciation, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,497 per 10 grams. Silver also jumped Rs 630 to Rs 59,704 per kilogram from Rs 59,074 per

While some selling pressure is seen in Asian stocks, the forex markets are relatively steady. Canadian Dollar is currently the stronger one, followed by Yen. Sterling is the softer one, followed by Swiss France, Euro and Dollar. Overall risk sentiment will continue to drive the markets this week and hence we’ll have some attention on

Bloomberg with the report on a missed payment by Fantasia Holdings.  The news was out overnight so it is not new news, posting as an ICYMI.  Says the Bloomberg report (more at that link above (may be gated) )  Fantasia didn’t repay a $205.7 million bond that was due Monday, according to a company statement. 

FRANKFURT: Oil prices jumped Monday after OPEC and allied oil producing countries stayed with their gradual approach to restoring output slashed during the pandemic, agreeing to add only 400,000 barrels per day in November. The decision Monday by the Vienna-based oil cartel tracks with its established schedule of adding back that amount of oil every

Swiss Franc is the winner so far today, as Dollar and Yen pare back some of last week’s gains. Meanwhile, Euro is also soft after poor investor confidence data. On the other hand, New Zealand Dollar is following closely as second strongest, on anticipation of RBNZ rate hike later in the week. Other currencies are

Reuters report Glencore, Gunvor, Trafigura and Vitol are among commodity trading house that have been told to deposit “hundreds of millions” of dollars of margin to cover exposure to rising gas prices, Reuters reports. The calls are forcing the companies to tie up more capital. The firms have long-term contracts to buy US LNG and

New Delhi: Gold in the national capital was down marginally by Rs 37 to Rs 45,539 per 10 gram on Monday amid muted global trends, according to HDFC Securities. In the previous trade, the precious metal had settled at Rs 45,576 per 10 grams. Silver declined Rs 137 to Rs 59,203 per kilogram from Rs

I posted earlier on a USD payment due today.  Newswires now out with the info that the shares have been suspended from trading in HK.  Trading in the shares (stock code: 03333) of China Evergrande Group (the Company’) will be halted at 9:00 a.m. today (4/10/2021). Accordingly, all structured products relating to the Company will

The government on Thursday hiked by 62 per cent the price of natural gas that is used to produce electricity, make fertilisers and turned into CNG to use as fuel in automobiles and cooking gas for household kitchens. This is the first increase in rates since April 2019 and comes on back of firming benchmark

Tobias Levkovich was well known for setting S&P 500 price targets Citigroup reported that chief equity strategist Tobias Levkovich died on Friday, a month after being hit by a car while crossing a street in Long Island, NY. Levkovich was perhaps the world’s most well-known equity strategist and had been in his role at Citi

Gold prices eased on Friday after rallying to a one-week high above the key $1,750 level in the previous session, as the rebounded and made the metal expensive for holders of other currencies. FUNDAMENTALS * Spot gold fell 0.1% to $1,754.64 per ounce by 0139 GMT, after rising nearly 1.8% on Thursday as the dollar

The RBA will maintain all monetary policy measures unchanged at next week’s meeting. That is, the cash rate, as well as the yield target on the April 2024 bond, will stay at 0.1%. Asset purchases will also be kept at a pace of AUD 4B/week. Policymakers will continue to warn of the slowdown in the

China has not lived up to pledge to purchase additional $200B in goods US Trade Representative Katherine Tai will announce Monday that China is not complying with the so-called phase one trade deal, sources familiar with the matter told CNBC. The report said Tai will outline how China has fallen short on a pledge to

MELBOURNE: prices dropped on Friday on the prospect that the OPEC+ supplier alliance might step up a planned increase in output to ease supply concerns, with soaring gas prices spurring power producers to switch from gas to oil. U.S. West Texas Intermediate (WTI) crude futures slipped 5 cents to $74.98 a barrel at 0153 GMT,