US INFLATION
India bonds give up gains as high oil prices weigh
Indian government bonds declined on Monday due to rising oil prices affecting market sentiment and the rupee. The rupee fell for the third consecutive day, adding pressure on bond yields and currency. India's central bank is expected to consider interest rate hikes to stabilize the currency amidst inflation concerns. The Reserve Bank of India has raised its inflation forecast, anticipating a peak of 6% in consumer prices.
Fed expected to pause rate hikes ahead of US midterms
The US Federal Reserve's upcoming meeting is expected to result in steady interest rates. High inflation continues to challenge economic policies, with rates anticipated to rise later this year. The Federal Open Market Committee will analyze data amidst political considerations ahead of the midterm elections. Analysts believe that while inflation remains a concern, a cautious approach will likely be taken.
Global Market Today: Asian shares slip as AI jitters deepen ahead of big tech earnings
MSCI Inc.’s Asia Pacific equities gauge fell 0.2% ahead of this season’s busiest earnings week in Asia. US equity-index futures erased earlier gains and traded little changed.
Gold price today: Gold rate, silver price predictions by experts are out. Check here
Gold rate: In international markets, Comex gold futures for the December delivery declined USD 173.2, or 4.14 per cent, over the past week, to close at USD 4,007.9 per ounce.
Charting the global economy: Euro area business activity cools
The euro area’s private sector slowed more than expected in October, weighed down by France as the region’s No. 2 economy grapples with fiscal and political tensions.
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Fed expected to hold rates steady days ahead of US midterms
The US Federal Reserve appears set to hold interest rates steady at its meeting next week, analysts say, despite stubbornly high inflation and with markets pricing in at least one rate hike before year-end. The Fed has missed its long-term two-percent target for inflation for more than five years, and at its last meeting in September the FOMC voted to raise the key federal funds rate for the first time in three years, lifting the target range to 3.75 percent to 4.0 percent.
US consumer sentiment near record low ahead of midterm elections
In October, consumer sentiment in the U.S. plummeted to a concerning 48.0, driven by rising prices and economic worries amid the ongoing Middle East conflict. Survey results suggest that independents show the steepest drop in confidence, approaching historical lows. Additionally, inflation expectations have risen, marking a continuation of trends from earlier this year. Federal Reserve officials are attentively observing these shifts as they plan future interest rate adjustments.
US Treasury yields rise but 10-year stays below 5% as AI jitters persist
US Treasury yields rise after a sharp drop in the previous session, but the benchmark 10 year yield stays below 5% as lingering AI market concerns keep investors cautious. Strong economic activity and sticky inflation remain key factors for bond markets, while expectations of a Federal Reserve rate hike next week weaken further.
Global Market: Japan’s core inflation accelerates, putting BOJ rate hikes in focus
Japan’s core inflation rises to 2.1% in September, exceeding the Bank of Japan’s 2% target for the first time in nine months. Higher energy costs, yen weakness and AI-related demand could strengthen the case for further interest rate hikes.
US bond market down: Why are 10-year, 30-year, 2-year treasury yield notes are falling? Check latest predictions
US bond Yields have dropped in recent days, as concerns about a slowdown in AI spending and its impact on economic growth have overshadowed economic data, which showed persistent inflation pressures.
India's interest rate gap with G7 in focus as RBI weighs inflation risks: Report
India's monetary policy is now shaped by the interest rate gap with major developed economies and rising inflation. The Reserve Bank of India is concerned about inflation risks and input cost increases. Recent GDP growth figures indicate resilience supported by strong private consumption and exports. YES Bank predicts a cumulative rate hike of 50 basis points by the RBI.
When it comes to Trump's economy, these are the numbers that matter before mid-term elections
United States President Donald Trump attempted to convince voters before the upcoming mid-term elections that the American economy is growing. However, voters have maintained the negative effects of inflation caused by the Iran war. The economy is seeing slowing job growth and widening income inequality, with high interest rates encumbering housing and automobile purchases.
Gold slips as investors await Fed rate signals
Gold prices fell slightly as investors monitored the Federal Reserve's major interest rate decision. The anticipated meeting will provide key insights into future economic policies. Economists expect the Fed to hold rates steady, emphasizing inflation concerns. The Bank of Japan is also projected to raise interest rates in December. Other precious metals, including silver and platinum, experienced minimal changes during this period.
Copper stays range bound as US tariff uncertainty, oil inflation risks weigh
Copper prices remained range bound as uncertainty over potential US tariffs and inflation risks from higher oil prices kept traders cautious. China’s copper scrap shortage supported refined copper demand, while record high US inventories and cautious buying limited gains. Goldman Sachs expects copper prices to average $15,400 a ton in 2027.
US futures dip as AI selloff returns, oil prices rise sharply
US futures are showing a decline, particularly in the artificial intelligence sector, as market pressures mount. The rise in oil prices is linked to ongoing conflicts in the Middle East, contributing to inflation fears. Major companies like Netflix and SpaceX are scheduled to release quarterly results, adding to market uncertainty. Recent unrest in Europe over various societal issues has also impacted market performance.
Gold set for a weekly drop as traders assess Fed signals
Gold prices have held steady this week, though they are set to close lower overall as market participants assess the potential for a Federal Reserve rate hike. Spot gold recorded a modest drop of 0.1%, while futures displayed slight gains amid market hesitance. Discussions among Federal Reserve officials vary regarding the strength of the economy and inflation predictions.
US Market: Fed's Goolsbee says latest US inflation data is discouraging
Federal Reserve Bank of Chicago President Austan Goolsbee called the latest US consumer and producer inflation data discouraging, raising concerns about persistent price pressures. While temporary factors such as tariffs and geopolitical conflicts could ease, he warned that demand driven by the rapid expansion of AI data centres could require a policy response.
USD rate: Why is US Dollar down from 18-month peak?
USD rate: Government bonds rallied and the dollar pulled back, reflecting cautious remarks from Federal Reserve officials that further cooled expectations for an October interest-rate hike.
US PPI inflation surges 1.3% as gasoline prices jump 20.3% - why are Treasury yields falling?
US PPI inflation jumped 1.3% in September as gasoline prices surged 20.3%, marking the biggest monthly increase since March 2022. Producer prices rose 6.3% annually, while Treasury yields fell despite hotter-than-expected wholesale inflation.
Gold price today: Gold rate recovers after consecutive losses but there is a concern. Details here
Gold rate on Thursday jumped but experts have pointed out a few factors that may cause worry for investors.
Global Market: Asian currencies slide as hot US inflation fuels Fed rate hike bets; won hits two-week low
Emerging Asian currencies weakened as hotter-than-expected US inflation revived Federal Reserve rate hike concerns, boosting the dollar and triggering a sell-off in AI-linked stocks. South Korea's won, Taiwan dollar, Philippine peso and Indonesian rupiah came under pressure amid capital outflows and rising borrowing costs.
US labour market remains stuck in low-hire, low-fire state as inflation intensifies: Fed
The Federal Reserve's latest Beige Book highlights persistent inflation pressures and a stagnant US labour market, with rising energy, tariff, and insurance costs hitting businesses. With September consumer inflation rising 3.7%, expectations are growing for another potential interest rate hike at the Fed's upcoming October meeting.
Global Market: Citi expects Fed to raise rates by 25 basis points in December after hot US inflation data
Citigroup now expects the US Federal Reserve to raise interest rates by 25 basis points in December following hotter-than-expected September inflation. The brokerage forecasts rates to remain unchanged thereafter, with rate cuts unlikely before June 2027.
Global Market: China stocks fall as hot US inflation data revives rate hike fears
Chinese stocks tumbled as hotter-than-expected US inflation data revived concerns over prolonged high interest rates. Technology shares led losses across mainland China and Hong Kong markets as investors reassessed the outlook for US monetary policy and risk-sensitive assets.
Global Market: Japanese government bond yields hit one-month lows as investors seek safety
Japanese government bond yields fell to more-than-one-month lows as investors sought safe-haven assets amid a global equity selloff, hotter-than-expected US inflation data and renewed concerns over interest rates and AI-related investments.
D-St set for a cautious opening as GIFT Nifty signals muted start
Benchmark indices faced a volatile session due to profit booking and investor caution before US inflation data. Analysts indicated that the index needs to create higher highs and lows to signal a potential recovery. While India VIX rose, the Nasdaq ended lower following disappointing inflation data that raised interest rate concerns. Foreign institutional investors net sold shares, while domestic institutions were net buyers on Wednesday.
US stocks: AI shares tumble up to 16%, erasing $80 billion as hot US inflation fuels rate fears
Amid rising inflation, major AI firms like CoreWeave and Dell Technologies experienced significant stock price drops, losing around $80 billion in market value. Increased US interest rates have investors worried about the borrowing hurdles faced by less profitable firms within the sector. Even with the strong performance of giants like Nvidia and Microsoft, skepticism remains high, reminiscent of the dot-com era's cautionary tales.
US inflation worsened last month to 3.7% in sign that prices remain elevated as midterm elections near
U.S. inflation increased in September as consumers faced higher prices for essentials like gas and clothing. The consumer price index rose 3.7% compared to the previous year, indicating ongoing economic challenges. This rise in inflation has political implications ahead of the midterm elections, impacting public sentiment towards Republican lawmakers. Federal Reserve officials are closely monitoring trends to determine future interest rate decisions.
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