Stephen Miran, the new US Federal Reserve Governor, addressed concerns about his independence. This followed his dissent on rate cut decisions. Miran advocated for steeper rate cuts. He argued for a near-neutral interest rate. He cited no inflation risk and lower housing costs. These views contrast with the Fed’s consensus. Other policymakers favor gradual cuts.Read More

Investors withdrew a massive $43.19 billion from U.S. equity funds, the largest outflow since December 2024, driven by concerns over high market valuations after a significant rally and a Federal Reserve rate cut. Large-cap and technology funds experienced substantial outflows, while bond funds continued to attract inflows for the 22nd consecutive week.Read More

Global markets are keenly watching for potential rate cuts from major economies. The Swiss National Bank is scheduled to meet. World leaders are convening at the UN General Assembly in New York amidst geopolitical tensions. US data releases on housing, consumer sentiment, and inflation are expected. Europe will assess business activity. Australia will release its...Read More

The U.S. Federal Reserve’s recent interest rate cut, the first since December, has sparked optimism for housing shares. This move, aimed at bolstering a shaky labor market, could lower mortgage rates and stimulate economic activity.Read More

Indian financial regulators, including Sebi and RBI, are collaborating on policies to promote corporate bond index derivatives trading, aiming to boost trading volumes. Sebi emphasizes the need to popularize corporate bond trading, which currently lags significantly behind equity market activity. Outstanding corporate bonds have surged from ₹17.5 trillion in FY15 to ₹53.6 trillion in March...Read More

Banks’ treasury gains, boosted by open market operations and softening yields in the first quarter, are expected to decline significantly in the second quarter. Rising yields and the absence of OMOs will negatively impact bond investment earnings. Analysts anticipate muted gains compared to the previous quarter, potentially leading to mark-to-market losses for some institutions.Read More

RBI Governor Sanjay Malhotra urged CCIL to broaden its product offerings, aligning with the goal of rupee internationalization. He emphasized leveraging technology for automation and expanding product reach to corporates and non-resident investors to boost market liquidity. Furthermore, he highlighted the need to improve accessibility to the FX-Retail platform for individuals and MSMEs.Read More

BNP Paribas sold 65,610 Force Motors shares worth Rs 122 crore via a bulk deal at a 2% discount. Despite the sale, the stock remains a strong multibagger performer.Read More

Wall Street’s main indexes closed higher on Friday, securing a weekly gain fueled by FedEx’s strong earnings and positive sentiment in the technology sector. Optimism surrounding AI-linked stocks and the Fed’s anticipated rate cuts further boosted the market. However, concerns arose from a blocked funding bill and Lennar’s disappointing forecast, adding a layer of caution...Read More

India’s foreign exchange reserves have surpassed $700 billion, reaching $702.966 billion after a $4.698 billion increase in the week ending September 12, according to RBI data. These reserves provide import cover for approximately 11.5 months.Read More