Stablecoins fuel liquidity, not yet money: Mike Dolan

The U.S. “Genius Act” has legitimized stablecoins, fueling debate on whether their $250B market will stabilize Treasuries or trigger systemic risks. Proponents see demand support, while critics fear fraud, volatility, and limited real economic impact.

Nifty India Consumption Index: Investing smartly in the spending basket

India’s consumption theme remains structurally strong, supported by demographics, rising incomes, urbanisation, and digitisation. Chintan Haria of ICICI Prudential AMC suggests investors can capture this long-term growth through the Nifty India Consumption Index, which offers diversified exposure across sectors and has consistently delivered competitive returns over time.

Dow ends higher after UnitedHealth gains, other indexes slip on rate cut uncertainty

The Dow Jones closed higher, hitting a record high, propelled by UnitedHealth’s surge after Berkshire Hathaway increased its stake. Other indexes slipped amid mixed economic data impacting Federal Reserve’s policy decisions. Investors are anticipating a potential rate cut in September. Trump and Putin’s meeting in Alaska raised hopes for resolving the Ukraine conflict and influencing […]

European shares log second weekly gain, focus on Trump-Putin talks

European shares experienced a slight dip, influenced by declines in tech and financial sectors, even as investors eyed the U.S.-Russia summit. While miners and healthcare showed gains, corporate earnings painted a mixed picture. Pandora’s significant fall due to weakening sales and Standard Chartered’s probe call impacted market sentiment.

Dollar eases as data keep September rate cut on track; eyes on Trump-Putin meeting

The dollar weakened on Friday. This happened after a week filled with economic data. The possibility of a Federal Reserve interest rate cut in September remains. Traders are closely watching the meeting between Donald Trump and Vladimir Putin regarding Ukraine. Markets are also awaiting the Jackson Hole symposium for further clues on the Fed’s next […]

Revaluation gains lift India’s forex kitty to $693.6 billion

India’s foreign exchange reserves increased by $4.7 billion, reaching $693.6 billion in the week ending August 8, according to RBI data. This rise was primarily driven by revaluation gains from a weaker dollar and higher gold prices, partially offset by the RBI’s market intervention, including $5 billion in FX swaps.