Asian stocks fluctuated on Thursday as semiconductor shares declined. Treasury yields reached multi-decade highs following the Federal Reserve’s policy decision. Microsoft’s cloud growth boosted its stock, while Meta’s forecast caused a slide. South Korea implemented measures to stabilize its stock market after a significant rout. Oil prices edged lower amid reports of US air strikes...Read More
Federal Reserve officials decided to keep interest rates unchanged this week. A fractured vote indicated some policymakers favored a rate increase. Recent inflation data showed a slight easing, influencing the committee’s decision. However, escalating geopolitical tensions and tariffs are fueling inflation concerns. Officials remain committed to achieving their two percent inflation target.Read More
The rupee strengthened for a third consecutive day, reaching a near three-week high. Dollar sales by foreign and state-run banks aided the local currency’s climb. Sustained buying in domestic equities and positive foreign investor sentiment supported the rupee. Crude oil prices saw a modest rebound, limiting further rupee gains. The currency is expected to trade...Read More
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