GIFT Nifty: Indicators of a potential Nifty 50 index rise of 15.50 points at the opening bell include trading of Nifty 50 index futures on the GIFT Nifty Global Markets The anticipation of US consumer inflation eased, which supported the case for a rate decrease by the Federal Reserve this year, and most Asian markets…
FOREX-Dollar: The dollar held steady while sterling crosses lost ground on Thursday in holiday-thinned trade ahead of the year’s final major data release, U.S. inflation figures on Friday. Sterling GBP=D3 fell sharply against the dollar on Wednesday after British inflation fell short of expectations to 3.9% year on year in October, a two-year low. The…
Tuesday’s closing price increase for US stocks put an eighth weekly victory within reach as investors continued to be bullish about the possibility of interest rate cuts despite cautions that such expectations are exaggerated. For the fifth consecutive record close, the Dow Jones Industrial Average (^DJI) increased by about 0.7%, or more than 250 points….
