Gold trims losses after US inflation data; set to end nine-week win streak
Gold prices saw a dip on Friday, recovering slightly after U.S. inflation data eased. This eased concerns about interest rate hikes by the Federal Reserve. However, gold is still heading for its first weekly decline in ten weeks. Investors are booking profits after a recent record high. Silver also experienced a decline. Platinum and palladium […]
Heigh ho Silver! White metal crashes 17% in just 10 days
After reaching unprecedented heights, silver prices have nosedived 17%, a shift driven by increased availability in London and investors cashing in. Gold, too, shows signs of a subtle retreat. However, experts remain positive about the future of both metals, pointing to ongoing industrial demand and their enduring appeal as safe-haven options for wary investors.
Wall Street Week Ahead: Megacap-led earnings deluge, Fed meeting headline busy US markets week
A crucial week for the US stock rally unfolds with major tech earnings, a likely Federal Reserve rate cut, and escalating US-China trade tensions. Investors are keenly watching corporate results, particularly from tech giants, and the Fed’s forward guidance. A prolonged government shutdown adds to market uncertainty, potentially impacting economic growth and investor sentiment.
Blackstone makes BFSI push, to buy 10% in Federal Bank
In a significant move, global investment giant Blackstone has allocated more than six thousand crore rupees to Federal Bank, officially becoming the largest shareholder in the Kerala-based institution. This landmark deal highlights the increasing appetite of foreign investors for India’s burgeoning financial landscape.
Ides of October: Big overseas money flows into banks, auto and metals
October brought a refreshing wave of optimism as foreign investors rekindled their interest in India’s financial services, funneling impressive amounts of money back into the market after a dry spell of outflows. This shift is primarily spurred by stronger-than-anticipated results from banks and an encouraging outlook for public sector banking.