Market News
Stay updated with the latest market trends, earnings, and economic indicators.
The dollar looks ready to break higher. Here's why Wall Street is turning bullish
The U.S. dollar may be emerging from nearly a year of stagnation, with analysts increasingly arguing that the world's reserve currency is poised for a more sustained advance.
China uses West Asia conflict to advance yuan's global payments debut
Beijing challenges US financial dominance across currency, messaging and settlement systems; even if Iran sanctions ease and dollar trust recovers, the yuan push will persist for future crises
The three market outcome scenarios modelled by JPMorgan on the US-Iran war
A bullish scenario will be when there is proper de-escalation in West Asia or there is a policy pivot by the US Federal Reserve. In such a scenario, they see a broad "everything rally" where equities advance, bond yields drop, oil prices fall, credit spreads tighten and the US Dollar weakens.
India's state-owned fuel retailers seek advance payments from dealers as global price surges
Fuel pump owners across India are now required to pay in advance for gasoline and gasoil. State-owned fuel companies are facing significant revenue losses. This change impacts dealers who also operate on credit. The move comes as global oil prices surge, but retail prices remain unchanged to protect consumers. This situation is creating challenges for fuel station operators nationwide.
Crude surge above $100, weak rupee and higher yields weigh on Dalal Street
Dalal Street remained under pressure led by banking stocks, with the rupee slipping to a record low near 92.3 against the dollar overnight amid crude’s 9% surge back above $100 after tanker attacks near the Strait of Hormuz. Higher oil prices and advance tax outflows also pushed the 10-year bond yield up, adding to market volatility.
Currency Check: Rupee opens higher ahead of RBI policy; most asian currencies advance
Indian rupee opened higher at 95.72 per dollar on Friday against Thursday's close of 95.79.