US economy will recover, could stretch through end of next year, says Federal Reserve chairman Jerome Powell
The US economy, the world's largest, which has been thrown into a recession due to the coronavirus pandemic, will rebound but the recovery could stretch through the end of next year, Federal Reserve Chairman Jerome Powell has said
Gold held steady on Wednesday as market participants stayed away from making big bets ahead of a speech by Federal Reserve Chairman Jerome Powell amid rising speculation the United States could one day adopt negative interest rates
Wall Street rallies as some US states relax lockdown restrictions; all major indexes claw back, gain over 1%
The indexes are all now within 20 percent of their record closing highs reached in February, with the benchmark S&P 500 on track for its best month since 1987, after trillions of stimulus dollars helped US equities recover from March lows.
US Federal Reserve officials launched an economic rescue plan in record time last month as the coronavirus pandemic spread, reaching decisions that may shape the global economy for decades to come in the space of a few frantic weeks
Gold gains after a fall in previous session; set for second weekly drop amid flight for cash, widening economic fallout
Spot gold rose 0.4 percent to $1,475.43 per ounce by 0029 GMT. It was down more than 3 percent for the week
Dollar thrives, Aussie trampled in rush for liquidity amid deepening fear around coronavirus drives scramble for greenback
All other currencies are well-below where they were a week ago as investors sell just about everything for dollars and businesses seek to draw down loans and hoard cash to ride out the crisis.
Stock Market Today LIVE Updates: Yes Bank shares jump nearly 100% in 3 days; private lender to hold press conference today
Yes Bank shares jump nearly 100% in 3 days; private lender to hold press conference today
Spot gold was up 0.9 percent at $1,543.60 per ounce by 0248 GMT, having risen as much as 2.8% earlier. The metal fell 3 percent on Friday. US gold futures rose 1.8 percent to $1,544.20 per ounce.
In a news conference, Federal Reserve chairman Jerome Powell said the epidemic was having a “profound” impact on the economy, forcing whole industries like travel and leisure offline.
Stock rebound stalls as doubts about US stimulus package to fight coronavirus outbreak response grows
Many analysts say investors need to remain on guard for further market volatility because the coronavirus still poses a risk to public health in many countries, which could place additional strain on the global economy
Speculation of more central bank rate cuts and possible fiscal stimulus saw US Treasury yields edge up from historic lows, and oil prices paused after the steepest fall since the 1991 Gulf war.
Coronavirus outbreak and economic impact: If G7 call is talk and no action, markets could be disappointed, say analysts
G7 finance ministers and central bank governors will hold a conference call on Tuesday to discuss measures to deal with the coronavirus outbreak and its economic impact.
Sensex opens over 150 points higher at 40,562, Nifty rises 47 points to 11,957; Yes Bank top gainer with over 4% jump
Yes Bank was the top gainer in the Sensex pack rallying up to 4.32 percent, followed by Tata Motors, Tata Steel, Vedanta, IndusInd Bank, Hero MotoCorp, SBI and Sun Pharma
Rupee slips 11 paise against dollar in early trade as investors remain cautious ahead of Fed's interest rate decision
A positive opening in domestic equity market and easing crude oil prices supported the rupee and restricted the fall, forex dealers said.
China September factory activity shrinks for fifth straight month; analysts expect growth could slow further this quarter
China's manufacturing sector has done poorly in recent months due to weak domestic demand and higher trade tariffs
Gold rose more than 1 percent in the previous session as an inversion in the US yield curve and disappointing US economic data rekindled fears of a looming recession.
Federal Reserve policymakers were deeply divided over whether to cut interest rates last month but were united in wanting to signal they were not on a preset path to more cuts, a message not likely to sit well with U.S. President Donald Trump
The Fed’s effort to go its own way and tighten policy between 2015 and last year opened an interest-rate gulf between the United States and the rest of the world
Why are global markets so nervous, stock picks from analysts; read all this and more on Moneycontrol Pro
Once again, fears of an inversion of the US yield curve have rattled markets across the globe. The consensus, though, is that the US economy is not in any imminent danger
Sensex tanks over 450 points, Nifty closes below 11,000-mark; Vedanta, Tata Motors, SBI, Infosys among top losers
After a weak opening, the 30-share BSE Sensex plunged more than 750 points in late-afternoon trade, before finally ending at 37,018.32, down by 462.80 points or 1.23 percent.