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Japan experienced a noteworthy decline in its 10-year government bond yields, reaching levels not seen in a month. This movement aligns with a broader decrease in U.S. Treasury yields, spurred by trepidations in trade and credit markets. A successful bond auction helped bolster market confidence, leading to lower yields across various maturities.
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Sunteck Realty has announced strong financial results. The company’s net profit surged by 41 percent in the second quarter of this fiscal year. This impressive growth was driven by higher income. Total income also saw a significant rise compared to the same period last year. Sunteck Realty is a prominent real estate developer in India.
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Nifty today: The Nifty 50 reached a new 52-week high above 25,700, driven by returning foreign inflows, easing U.S. bond yields, and a stronger rupee. Festive optimism and fading IPO pressure also contributed to the rally, with short covering further amplifying upside momentum.
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Gold and silver prices surged to new all-time highs on MCX ahead of Dhanteras, driven by investor concerns over US regional bank credit stress and a weakening dollar. Global central banks and ETF investors are actively buying safe-haven assets, supporting the bullish momentum for both precious metals.
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Minneapolis Fed President Neel Kashkari sees low risk of inflation spike or labour market shock, supports gradual rate cuts, highlights persistent inflation, cautious economic optimism, and data challenges from the federal shutdown.
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