![]() ![]() US consumer price inflation numbers are due on Thursday, but the labour market report has all but squashed talk of a Fed ‘Pivot’ which had gained steam during recent days. Equity markets also have to contend with the fact that September quarter earnings are likely to be weak, with margin pressures in several industries. Domestic equity markets also opened as much as 1.6 percent lower before recovering mid-day, although they are still in the red. With crude oil too shooting past $97 a barrel, the rupee plunged to a fresh low of 82.72 to a dollar. US 10-year treasury yields inched close to 4 percent and investors made a beeline for dollar assets. That seems to seal the deal for yet another 75 basis points rate hike by the US Federal Reserve Open Market Committee when it meets on November 1. The latest jobs report from the US shows a red hot labour market with unemployment dropping to 3.5 percent. Unlocking opportunities in Metal and Mining.Interview Series Business In The Week Ahead. ![]()
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