Wall Street week ahead: Hawkish Fed boosts appeal of value stocks for some investors

NEW YORK: Some investors are preparing for a sharp turn from the Federal Reserve by buying up cyclical, financially sensitive names earlier this year, as expectations mount that the central bank is zeroing in on fighting inflation. The gap between growth stocks and their value-focused counterparts, which includes companies such as banks, financial and energy … Read more

D-Street may see volatility in the coming week as central banks focus

NEW DELHI: Going forward, Dalal Street is eyeing a repeat of the week gone by. Analysts said volatility would be a central theme for the markets as traders looked to gauge news about the coronavirus and central banks’ stance. Comments on Omicron’s new version, rising global inflation and the Fed’s early tapering continued to fuel … Read more

Gold heads for weekly decline from Fed talks

Gold posted a third consecutive weekly drop on Friday, weighed by signs from Federal Reserve officials that the central bank may end its pandemic-era asset purchases faster than expected to combat rising inflation. could raise interest rates. fundamentals * Spot gold rose 0.1% to $1,771.04 an ounce by 0056 GMT on Thursday, after hitting its … Read more

Gold edged lower on dollar’s rise

Gold prices fell strongly on Thursday, as investors assessed how central banks are likely to respond to concerns over economic growth fueled by rising inflation and the new Omicron coronavirus pandemic. fundamentals * Spot gold fell 0.1% to $1,780.36 an ounce, down by XAU = 0050 GMT. US gold futures GCv1 fell 0.1% to $1,782.50. … Read more

I haven’t sold anything this year and certainly haven’t sold anything less: Jim Rogers

“What happens when things go bad and the market goes down? Central banks will panic and they will print more money and then we will have a big rally and this will probably be the last rally, says Jim Rogers, author, Street Smart: Adventures on the Road and the Markets. It has been an exciting … Read more

Fed will hike next year in Q4; Inflation will remain above target till 2024

BENGALURU: The Federal Reserve will hike interest rates at the end of next year, a month earlier than expected, according to a Reuters poll, a historic shift from emergency measures taken to backstop the US economy during the COVID-19 pandemic. In. Most respondents said the Fed should move even more quickly to combat inflation, which … Read more

RBI may launch digital currency pilot next year, says new report

The Reserve Bank of India’s digital currency may see its pilot launch in the first quarter of the next financial year, a senior central bank official said at the State Bank of India’s Banking and Economic Conference, according to a local newspaper report. Business Standard newspaper quoted P. Vasudevan, Chief General Manager, Department of Payments … Read more

India in better position to face external shocks: Michael Patra

MUMBAI: The pandemic caused production losses of more than a tenth of the annual GDP of a normal year. Central bank deputy governor Michael Patra said it could take years to recover this lost output. In addition, countries going back for policy normalization would involve global spill-overs from which India cannot be immune. “Supply disruptions, … Read more

India in better position to face external shocks: Michael Debabrata Patra

Reserve Bank Deputy Governor Michael Debabrata Patra on Monday said India is better positioned to face external shocks arising out of rising geopolitical tensions, the aftermath of the COVID pandemic and the inevitability of climate change. With regard to the macroeconomic configuration in 2013, when India was described as one of the fragile five countries, … Read more

Gold stable as soft dollar offsets US bond yields

Gold prices were stable on Tuesday, as weak offset firm US bond yields, consolidating near two-month highs in the previous session. fundamentals * Spot gold was trading marginally higher at $1,823.53 an ounce as of 0051 GMT. US gold futures fell 0.1% to $1,825.80. * The precious metal rose to its highest level since September … Read more