US dollar set for worst week since July as Fed rate cut looms

The U.S. dollar is poised for its worst weekly drop since late July, driven by increased expectations of Federal Reserve rate cuts following softer labor data. Traders are pricing in a high probability of a cut in December, despite inflation concerns. Meanwhile, anticipation builds for the Bank of Japan’s meeting, with potential signals of a […]

Gold heads for fourth straight monthly gain; silver hits fresh record high

Gold prices have reached a two-week high. Silver has hit a new record. This surge is driven by expectations that the US Federal Reserve will cut interest rates next month. Investors are returning to gold as a safe haven. Soft economic data and dovish remarks from Fed officials support this outlook. Platinum and palladium also […]

European shares clock monthly gains on Fed rate cut hopes

European shares concluded Friday higher, extending a strong weekly and monthly advance. Optimism surrounding potential U.S. rate cuts fueled gains, with the banking sector notably performing well. Basic Resources also led Friday’s rise, driven by record copper prices, while aerospace and defence stocks faced pressure amid Ukraine peace talks.

Oyo parent seeks shareholder nod for Rs 6,650 cr IPO

Prism, Oyo’s parent, has called an EGM on December 20 to seek approval for a Rs 6,650-crore IPO and a revised bonus issue of one share for every 19 held. Shareholders will also vote on raising authorised share capital to Rs 2,491 crore, with the bonus record date set for December 5.

MF & SIF investments in REITs to be treated as equity from January 2026

Starting January 1, mutual funds and specialized investment funds will classify their commitments to REITs as equity investments. Meanwhile, infrastructure investment funds will retain their hybrid status. Existing investments in REITs under debt schemes will be preserved until December 31, 2025, allowing fund managers time to adapt.

Wall Street Week Ahead: Investors on watch for AI, economic updates as US stocks steady

Indian markets are watching for AI profitability signals and economic health indicators. Stocks rebounded, buoyed by expected December Fed rate cuts. However, AI stock volatility, particularly in Nvidia and Alphabet, keeps investors cautious. Upcoming economic reports and consumer sentiment data will be crucial in navigating market uncertainty through year-end.