The dollar firmed as investors awaited the Federal Reserve’s rate decision and assessed the impact of the ongoing Middle East conflict. Currencies traded in tight ranges amid thin Asian markets. The yen remained near 160 against the dollar, with traders watching for potential intervention despite the Bank of Japan’s hawkish signals.Read More
Gold prices remained largely steady as investors awaited U.S. Federal Reserve Chair Jerome Powell’s comments for insights into the economic impact of the Iran conflict amid stalled peace talks. Market participants are also anticipating central bank decisions from the ECB, BoE, and BoC this week.Read More
Corporate borrowing costs are rising again after a brief dip in mid-April, driven by concerns over the West Asia conflict impacting oil prices. Recent state-backed bond issuances saw lower-than-planned mobilizations, indicating increased caution among issuers and selective appetite in the debt market.Read More
HSBC has initiated coverage on JSW Steel and Jindal Stainless with Buy ratings, anticipating a multi-year demand upcycle fueled by infrastructure and urbanization. The bank also reiterated a Buy on Tata Steel, highlighting strong balance sheets and margin expansion as key sector tailwinds, with price targets implying significant upside.Read More
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