May 8, 2024
Investors

Gold set for second weekly fall; U.S. payrolls on investors’ radar

An employee handles one kilogram gold bullions at the YLG Bullion International Co. headquarters in Bangkok, Thailand, on Friday, Dec. 22, 2023.  Chalinee Thirasupa | Bloomberg | Getty Images Gold prices were poised for a second straight weekly decline, although bullion held steady on Friday as investors remained cautious ahead of the U.S. non-farm payrolls

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Investors

U.S. Treasury yieldsas investors weigh interest rate path ahead

U.S. Treasury yields fell slightly on Thursday as investors looked to fresh economic data and comments from Federal Reserve officials as they weighed the outlook for interest rates. At 4:27 a.m. ET, the yield on the 10-year Treasury was down by over one basis point to 4.5690%. The 2-year Treasury yield was last at 4.9198%

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Finance

Japan’s finance minister says ‘speculative’ moves in currency market impacting yen

The yen has been on a downtrend despite the BOJ’s decision on March 19 to end eight years of negative interest rates. Natanael Ginting | Istock | Getty Images Japanese Finance Minister Shunichi Suzuki said on Monday there were some speculative moves in the currency market that did not reflect economic fundamentals, repeating his warning against excessive yen declines. “We will watch currency market developments

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Loans

China February new bank loans dip more than expected, lending growth at record low

Chinese national flags flutter at Tian’anmen Square ahead of the annual two sessions on Feb. 29, 2024 in Beijing, China. New bank lending in China fell more than expected in February from a record high the previous month, even as the central bank seeks to spur sluggish economic growth and fight deflationary pressures. Vcg |

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Investors

investors digest Fed rate decision, policy guidance

U.S. Treasury yields were mixed on Thursday as investors digested the latest interest rate decision from the Federal Reserve and clues about the path ahead for rate cuts. At 4:29 a.m. ET, the yield on the 10-year Treasury was down by over one basis points to 3.9462%, remaining below the 4% mark it had fallen

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Investors

investors await key data, Fed meeting

U.S. Treasury yields declined on Monday as investors looked ahead to a week of key economic data and the Federal Reserve’s first interest rate decision of the year. At 4:09 a.m. ET, the yield on the 10-year Treasury was down by over five basis points to 4.1065%. The 2-year Treasury yield was last at around

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Loans

For loans upto ₹50 lakh, interest subsidy should be raised, says Atul Monga of Basic Home Loan

To gauge the government’s stance on home loan interest rates in Budget 2024, homebuyers and industry experts should closely monitor official statements, policy announcements, and economic indicators, says Atul Monga, CEO and Co-founder, Basic Home Loan. In an interview with MintGenie, Monga said that reviving expired incentives, such as tax breaks, is crucial for affordable housing.

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Investors

U.S. Treasury yields: investors weigh inflation outlook

U.S. Treasury yields fell on Wednesday as investors considered what could be ahead for inflation and how this could affect interest rates and the overall economy. At 4:34 a.m. ET, the yield on the 10-year Treasury was down by more than two basis points to 3.9886% after hovering around the 4% mark throughout the beginning

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