Yen weaker in thin trading as traders stay alert to intervention risk
The Japanese yen weakened against the US dollar on Friday. Investors are watching for possible intervention to support the yen. The dollar saw a slight gain against the euro amid low trading volumes. Japan’s government proposed record spending for the next fiscal year. Core consumer inflation in Tokyo slowed but remained above the Bank of […]
Oil falls 2% on looming supply glut, hopes of Ukraine peace deal
Oil prices dropped significantly on Friday. Investors are concerned about a global oil surplus next year. Talks between Ukraine’s President Zelenskiy and U.S. President Trump could impact oil prices. A peace deal might lift sanctions on Russia’s oil sector. U.S. actions regarding Venezuelan oil are seen as having minimal global impact. The market remains focused […]
Wall Street closes near record highs; precious metals rise
Indian markets mirrored global trends as major U.S. stock indexes neared record highs, buoyed by anticipated Federal Reserve rate cuts and a weaker dollar. Precious metals like silver and gold surged to all-time peaks amid geopolitical tensions. Investors are keenly watching for Fed policy shifts and a new chair nomination, while oil prices dipped on […]
US stocks end close to all-time highs in light, post-holiday session
Indian markets saw a flat close on Friday after a strong rally. Investors are watching for the Santa Claus rally, a seasonal trend. This year has been volatile with tariff concerns and geopolitical tensions. Major indexes are set for double-digit gains. Experts advise preparing for continued volatility. Nvidia and Target saw stock movements.
Coinbase says former agent arrested in India over exchange hack
Coinbase CEO Brian Armstrong said a former customer service agent was arrested in India for involvement in a major data breach. Hackers bribed support staff to access user data, sought a $20 million ransom, and the incident could cost Coinbase up to $400 million.
Wall Street Week Ahead: S&P 500 eyes 7,000 mark as investors look for upbeat end to strong 2025
US stocks are poised for a strong finish to 2025, nearing record highs. Despite recent tech sector jitters, the S&P 500 is on an impressive streak. Investors are keenly awaiting Fed minutes for clues on interest rate cuts and President Trump’s Fed chair nomination, anticipating further market movements.
India’s IPO juggernaut runs on retail investor firepower
The 2025 IPO season is nothing short of a phenomenon, propelled by Indian retail investors who have collectively committed around ₹42,000 crore to mainboard IPOs—marking a stunning threefold increase since 2023. The trend also extends into mutual funds, energized by a wave of SIP investments, signaling a robust engagement from retail participants in the equity […]
Dalal Street edges down amid low volumes, global uncertainty
On Friday, Indian stock exchanges experienced a downturn as investors opted to trim their portfolios ahead of the weekend break. Meanwhile, bullion markets thrived, with gold and silver prices hitting unprecedented levels, marking a continued upward trend. Global trading activity remained lukewarm, reflecting the seasonal slowdown due to year-end festivities.