Nikkei in Japan reached a record high today, mirroring Wall Street’s performance. However, market caution limited further gains. Investors felt the market might be overheating. Wall Street saw record closes due to expectations of Federal Reserve interest rate cuts. Chip-related stocks and Fast Retailing contributed to Nikkei’s rise. SoftBank Group experienced a slight dip after...Read More
South Korean shares surged to a record high, marking their best weekly performance in over 18 months, fueled by optimism surrounding artificial intelligence and domestic market reforms. Chipmakers like Samsung Electronics and SK Hynix led the gains, driven by anticipated demand from the global AI boom.Read More
US mortgage rates witnessed a drop this week. This is the lowest in almost a year. The decline happened before the Federal Reserve’s expected rate cut. The 30-year mortgage rate is now at 6.35 percent. Refinancing applications have surged. Experts suggest rates may not fall much further. The housing market could become more competitive.Read More
Wall Street’s main indexes achieved record-high closes, propelled by gains in Tesla and Micron Technology. U.S. inflation and jobless data have strengthened expectations for a Federal Reserve interest rate cut this month. The S&P 500, Nasdaq, and Dow all reached new peaks, with materials and healthcare sectors leading the gains.Read More
Gold prices increased on Friday, marking a potential fourth straight week of gains. This rise is due to concerns about the U.S. labour market, overshadowing inflation worries. The Federal Reserve is expected to cut interest rates next week. Weakening Treasury yields and a declining dollar also support gold.Read More
Oil prices dipped on Friday, extending losses from the previous session due to concerns about weakening U.S. demand and ample global supply. This overshadowed worries about potential supply disruptions from Middle East tensions and the Ukraine war. Increased OPEC+ output quotas, led by Saudi Arabia’s push for market share, further contributed to the price decline.Read More
The dollar faced pressure due to rising U.S. jobless claims, fueling expectations of Federal Reserve rate cuts. The dollar index declined, while Treasury yields edged up. Market anticipates a 25 bps rate cut. The Euro remained stable as traders adjusted bets on further ECB easing. The Australian dollar saw slight gains, while the yen remained...Read More
India saw a slowdown in demat account growth in August. Around 24.8 lakh new accounts were added, less than July’s 29.8 lakh. Market caution affected investor enthusiasm. Total demat accounts are now over 20 crore, a fourfold increase since 2020. New investors are mainly young individuals from smaller cities.Read More
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