Sensex and Nifty Surge as Investors Await May Inflation Data and Fed’s Monetary Policy Decision
Indian stock market indices, Sensex and Nifty, opened on a positive trajectory today as investors eagerly awaited the release of May’s retail inflation data and monitored the US Federal Reserve’s monetary policy decision. The S&P BSE Sensex registered a rise of 0.19% at 9:16 am, reaching 62,741.42, while the NSE Nifty 50 climbed 0.18% to 18,597.08. The broader markets also showcased positive momentum, further reinforcing investor confidence.
US FED Hikes Interest Rate for Tenth Time in a Row
The US Federal Reserve (US FED) has hiked interest rates for the tenth time in a row, bringing the key lending rate to its highest level since 2007. However, the US FED signalled it could pause further rate hikes, as inflation eases and turmoil continues to spread across the American banking sector.
Analysis: Brazil central bank autonomy becomes political punching bag for Lula
Brazil’s central bank newfound independence that was designed to shield it from politics has turned it into a convenient punching bag for the new government that can use it to fire up its leftist base and blame it for economic woes.
Swedish inflation runs red hot in December, raising pressure on Riksbank
Swedish consumer prices rose more than expected in December, hitting double digits and a fresh 30-year high in an outcome that raises pressure on the central bank to keep cranking up interest rates after four hikes last year.
Bank of Japan makes surprise policy tweak
The Bank of Japan has slightly loosened the shackles on its 10-year yield target and said it will review the operation of its yield-curve control policy, surprising financial markets and sending the yen sharply higher.
Analysis: Markets sigh with relief after Powell speech, but more turbulence likely ahead
A rally in U.S. stocks and bonds powered ahead after a speech by Federal Reserve Chairman Jerome Powell on Wednesday, but some investors believe a looming recession could cap gains in both asset classes.
Japan ramps up intervention threats after yen slides past key 150 level
Japanese policymakers made fresh threats of intervention on Thursday after the yen tumbled past the key psychological level of 150 to the dollar, keeping investors on high alert in case Tokyo steps into markets again to support the fragile currency.
Stocks ease as Ukraine attacks and rate outlook spark flight to havens
Global shares dropped on Monday after Russian missiles pounded cities across Ukraine and as renewed concern about the economic outlook sent investors into safe-haven assets such as the dollar and bonds.
FOREX Euro holds above 2-decade low before ECB decision
The euro was hovering above Tuesday’s two-decade low on Thursday as investors awaited a policy decision from the European Central Bank (ECB) and comments from the head of the Federal Reserve for insight on the path for global monetary tightening.
Bank of Canada expected to push interest rates into restrictive territory
The Bank of Canada is widely expected to deliver yet another oversized interest rate hike next week, lifting its policy rate into restrictive territory for the first time in two decades, but bets are split on whether or not a pause will follow.
