08:20:29 PM IST, 17 November 2023
Euro area yields hit 2-1/2 month low, markets price in 100 bps of rate cuts
U.S. borrowing costs were lower in London trade, with 10-year Treasury yields hitting a fresh 2-month low, as recent data helped cement expectations the Federal Reserve will not raise rates.
For the euro area, money markets fully priced in 100 bps of rate cuts by December next year, including 50 bps by July 2024.
08:17:16 PM IST, 17 November 2023
S&P 500, Dow open higher as yields inch lower on rate cut bets
The Dow Jones Industrial Average rose 19.35 points, or 0.06%, at the open to 34,964.82.
The S&P 500 opened higher by 1.31 points, or 0.03%, at 4,509.55, while the Nasdaq Composite dropped 12.24 points, or 0.09%, to 14,101.44 at the opening bell.
08:03:04 PM IST, 17 November 2023
Fed’s Daly: ‘murky’ outlook calls for policy patience, gradualism
“When uncertainty is high and the risk to our objectives more balanced, we need to practice gradualism … and to adhere to the idea that patience, measured adjustments and continual reassessment make for better outcomes,” Daly said in remarks prepared for delivery to the 33rd Frankfurt European Banking Congress.
“We are in a period where the risks seem high and the waters, murky,” Daly said.
07:50:55 PM IST, 17 November 2023
US 10-year Treasury yield falls to 2-month low of 4.43%
07:47:15 PM IST, 17 November 2023
Jack Ma positive on Alibaba, will continue to hold shares: Report
The phased sale is part of a long-standing “preset conditional plan to do a partial sell-down for the future” that was adopted in August, but “not a single share has been sold,” the publication quoted Ma’s office as saying.
06:56:26 PM IST, 17 November 2023
Sebi eases rule for physical securities’ holders without PAN, KYC details
Capital markets regulator Sebi on Friday decided to do away with the provision of requiring the freezing of folios without PAN, KYC details and nomination for all holders of physical securities. The move, aimed at simplifying the rule, will come into force with immediate effect, the Securities and Exchange Board of India (Sebi) said in a circular.
06:36:34 PM IST, 17 November 2023
Retail investors crowd into Eli Lilly after weight-loss drug approval
Daily net purchases surged to $14.4 million on Nov. 8, when Zepbound was cleared in the U.S. and the U.K., hitting their highest levels since January 2021, as per data from Vanda Research.
07:20:20 PM IST, 17 November 2023
Adani Power promoter entities buy 2% stake via open market; cumulative holding tops 70%
Two promoter group entities in Adani Power have acquired 2% additional stake in the company in a staggered manner since September through the open market, according to exchange disclosures.
06:30:19 PM IST, 17 November 2023
Dollar set for steep weekly fall, dollar-yen snaps back below 150
Cooler-than-expected U.S. inflation data on Tuesday helped reset market expectations for how quickly the U.S. Federal Reserve will cut rates and has weighed on the dollar, which is on track for a 1.6% weekly fall – its biggest drop since mid-July.
The index was down 0.2% on the day at 104.14, while the euro edged up 0.1% to $1.08615 after data confirmed year-on-year inflation in the bloc slowed sharply in October.
06:27:47 PM IST, 17 November 2023
US Treasuries see first weekly…
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