FED
GIFT Nifty signals a muted start for D-Street. Here's the trading setup for today's session
The Nifty has risen for the ninth consecutive day, narrowly missing an all-time high. Optimism about a potential US Fed policy rate cut and foreign investor buying are driving the market. Key levels and global market sentiment are being closely monitored. The rupee weakened against the dollar amid rising commodity prices.
Fed cuts may send $1 trillion FX ‘avalanche’ to China, Jen says
The possibility of the Chinese yuan increasing in value is looking even more likely now that Federal Reserve Chairman Jerome Powell has signaled the US is ready to lower interest rates. However, the yuan's rise won't necessarily be immediate. It might happen later, when the US dollar weakens further and the US achieves a "soft landing" - that's when inflation slows down without causing a recession.
D-Street bulls Powell ahead on US Fed’s interest rate cut cues
India's Nifty and Sensex saw gains of over 0.75% spurred by Federal Reserve chairman Jerome Powell's comments on rate cuts. The Nifty closed above 25,000 for the first time in August. Gains were led by sectors like metals, IT, and realty, while the banking sector lagged due to domestic uncertainties.
GIFT Nifty signals a negative start for D-Street. Here's the trading setup for today's session
Nifty rebounded to 25,000, driven by signals from the US Fed about possible interest rate cuts in September. Positive sentiments are expected to influence Indian markets. Gift Nifty indicated a negative start. Global market indicators showed mixed trends. India VIX increased, alongside fluctuations in S&P 500 futures and other indices.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Indian stock markets gained for two consecutive weeks, reflecting positive cues from the U.S. where Fed Chair Powell suggested upcoming rate cuts. Market sentiment was bolstered by expectations of economic softening. The rupee weakened, oil prices increased, and foreign investors became net buyers, indicating market optimism.
Major central banks now aligned as Powell signals Fed cuts ahead
While the alignment of major central banks, including the Fed, on interest rate cuts has eased some investor concerns, significant uncertainties persist. The lack of clarity on the pace of future rate reductions, coupled with emerging concerns about weakening labor markets and economic growth, are contributing to this uncertainty. The focus of policymakers is shifting from combating inflation towards addressing these new economic challenges.
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Trading in Asian markets is mixed and muted ahead of a key Fed chair speech
Asian markets experienced mixed trading as investors looked forward to guidance from Federal Reserve Chair Jerome Powell on possible rate cuts. Japan's Nikkei 225 rose slightly, while stocks in Australia and South Korea saw minor losses. U.S. markets also faced declines amid mixed economic signals, with Powell's upcoming speech in focus.
Wall Street ends sharply higher as Powell cements September rate cut hopes
Following Jerome Powell's dovish comments at the Jackson Hole Symposium, U.S. stocks rallied in anticipation of a rate cut by the Federal Reserve in September. All major indexes rose, driven by gains in megacap stocks and regional banks. Powell's remarks indicated a shift towards multiple rate cuts, boosting investor sentiment.
Dow jumps over 400 points as Fed's Powell hints at rate cut
Stock markets saw gains on Friday as Federal Reserve Chairman Jerome Powell indicated that interest rate cuts could be forthcoming due to cooling inflation. The Dow rose by 476 points, and the S&P 500 and Nasdaq also increased over 1%. The yen strengthened after Japan's central bank hinted at potential rate hikes.
Powell at Jackson Hole: 'The time has come' for the Fed to begin reducing interest rates soon
Federal Reserve Chair Jerome Powell's recent remarks signal upcoming interest rate cuts, with diminished inflation risks and a cooling labour market. Powell emphasized that future rate cuts would depend on economic data, aligning with the Fed's previous indications. Markets and analysts are now anticipating policy easing at upcoming meetings. Despite signalling that rate cuts may be on the horizon, Powell stressed in his Jackson Hole address that the pace and timing of these cuts will be entirely guided by the incoming data.
S&P 500 nears record high as Powell signals imminent rate cut at Jackson Hole
Wall Street's key indexes surged following remarks from Federal Reserve Chair Jerome Powell about lowering interest rates. The S&P 500, close to a record high, saw gains led by tech and chip stocks. Powell's comments suggest possible policy easing, aligning with traders' expectations for a rate cut in the next Fed meeting.
Why Jackson Hole is the Fed's biggest shindig
Economists predict that Fed Chair Powell will hint at interest rate cuts starting in September, but won't be too specific due to an upcoming jobs report. The recent rise in unemployment has made officials cautious, as they want to assess if the job market is truly weakening before committing to any action.
Fed Chair Powell's speech at Jackson Hole Symposium: Check time and where to watch
Financial markets are keenly awaiting the Fed Chair's speech at the Jackson Hole Symposium, which could hint at future rate cuts. Powell will address global central bankers at 10 am EST on Friday. This event, hosted by the Federal Reserve Bank of Kansas City, is expected to provide crucial insights into economic policies.
Investors rush to money market funds before Fed rate cut, BofA says
Investors put $20.4 billion into stocks, $15.1 billion into bonds, and $1.1 billion into gold, BofA said, in its weekly round up of flows in and out of world markets
Powell faces economic crossroads as he prepares to speak at Jackson Hole
Both the Fed and the U.S. economy are approaching a crossroads. Inflation has come down sharply since its 2022 peak of 9.1%, with the year-over-year increase in the consumer price index falling to 2.9% in July. Given the progress, the critical question facing Fed officials is no longer how much economic damage it will take to wrestle price increases back under control. It is whether they can finish the job without inflicting much damage at all.
Sensex, Nifty off to a choppy start tracking global peers; all eyes on Powell speech
The BSE Sensex was trading 42 points, or 0.05%, lower at 81,009. The Nifty50 was down 7 points, or 0.03%, trading at 24,803 around 9:19 am.
Market is pricing in too many Fed rate cuts, says El-Erian
Mohamed El-Erian suggests traders are overestimating the likelihood of aggressive Federal Reserve rate cuts by the year's end. He believes that a more realistic expectation is a 75-basis-point cut. The market anticipates up to 100 basis points in cuts, but the Fed's decision at their Jackson Hole symposium remains crucial.
What to look for at Fed's Jackson Hole symposium
Central bankers from around the world fly into Jackson Hole, Wyoming, this week to attend what has become the globe's premier economic gathering, the Kansas City Federal Reserve's annual symposium in Grand Teton National Park.
Sensex jumps 200 points, Nifty above 24,800 as US Fed minutes boost rate cut hopes
Sensex and Nifty opened on a positive note Thursday, bolstered by Federal Reserve meeting minutes suggesting a likely rate cut. Companies such as Infosys and Tata Steel saw gains, while others like Power Grid declined. Paytm's shares jumped over 5% after Zomato agreed to acquire its entertainment and ticketing business.
Banks, financial stocks suffer Rs 15,000 crore shock from FIIs. Should you go against the wind?
In the first half of August, foreign institutional investors withdrew Rs 14,790 crore from financial stocks due to concerns about Fed rate cuts. They invested in healthcare, FMCG, and consumer services instead. Experts suggest these financial stocks now offer good value, with larger banks like ICICI, Axis, and SBI being top picks for stable returns.
Most Fed officials favour a rate cut in September if inflation continues to cool
Federal Reserve officials leaned towards reducing the benchmark interest rate in September, assuming inflation keeps declining. Minutes from the July meeting indicated likely policy easing, with Chair Jerome Powell expected to provide more details in an upcoming speech. Recent economic data presents a mixed picture, affecting trader expectations and economic sentiment.
Wall St ends higher as Fed minutes, jobs data firm rate-cut hopes
On Wednesday, U.S. stocks saw modest gains as investors reacted to a major payroll data revision and awaited minutes from the latest Federal Reserve meeting. The Fed is likely to cut rates in September. Stocks of Target and TJX increased due to strong forecasts, while Macy's shares fell after lowering its sales forecast.
Fed steaming toward September rate cut, minutes from meeting show
The Federal Reserve signaled a potential interest rate cut in September following a significant majority of officials supporting such a move at the July meeting. With increasing unemployment and easing inflation, financial markets anticipate a series of rate cuts. The decision may be finalized depending on incoming economic data and job market performance.
GIFT Nifty signals a positive start for D-Street. Here's the trading setup for today's session
Nifty gained 71 points to close at 24770 on Wednesday. Attention is on Fed Chair Powell's Friday speech at the Jackson Hole Symposium. Hopes for rate cuts are driving market sentiment, which is likely to consolidate this week. India VIX fell by 3.53% to 13.33 levels.
Asian equities climb ahead of central bank events: Markets wrap
Asian stocks saw a rise as markets anticipated key announcements from the Federal Reserve and Bank of Japan. The MSCI Asia Pacific Index increased by 0.2%, with gains observed in Japan, Australia, and South Korea. Fed minutes suggested a potential rate cut, and China launched an anti-subsidy probe into EU dairy imports, escalating trade tensions.
Market Wrap: D-Street ends higher after volatile trade; Sensex up 102 points, Nifty tops 24,750
The domestic equity markets concluded a volatile trading session on Wednesday with gains. The BSE Sensex closed up by 102 points at 80,905, and the NSE Nifty advanced 71 points to 24,770. Consumer Durables stocks led the surge while financials and banks dipped slightly.
US stocks slip at open with Fed in focus
The Dow Jones Industrial Average fell 22.0 points, or 0.05%, at the open to 40,874.52
Wall St rises as CPI ‘checks the box’ for Fed cuts
Stocks rose after the latest US inflation report, implying the Federal Reserve may begin cutting rates in September. The S&P 500 extended its gains for the fifth consecutive day, driven by financial and energy stocks. Analysts expect the Fed's rate cut decision to hinge on forthcoming economic data, particularly labor market trends.
Fed's Bowman signals caution on rate cuts
"The progress in lowering inflation during May and June is a welcome development, but inflation is still uncomfortably above the committee's 2% goal," Bowman said Saturday in a speech to the Kansas Bankers Association in Colorado Springs, referring to the Fed's rate setting panel.
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