Gold Slips Amidst The Dollar's Surge

Gold prices tumbled on Thursday, threatening to derail a strong winning streak that saw prices of the yellow metal touching a high of $2,058 earlier in the day. The Dollar’s surge in the run-up to the PCE data release weighed on sentiment. The Dollar Index, a measure of the Dollar’s strength against a basket of 6 currencies strengthened 0.44 percent […]

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UK Private Sector Economy Expands Modestly In November

The UK private sector activity almost stabilised in November after contracting in the previous three months, the purchasing managers’ survey results from S&P Global and the Chartered Institute of Procurement & Supply showed on Thursday. The flash composite output index rose to a four-month high of 50.1 in November from 48.7 in the previous month. Any score above 50 indicates […]

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Capitalism only solution to poverty, says Murthy

Capitalism, grounded in the twin pillars of a free market and entrepreneurship, is the singular solution to addressing the issue of poverty in India and any country, N R Narayana Murthy, co-founder of Infosys, said during a fireside chat moderated by Nikhil Kamath, co-founder of the brokerage platform Zerodha. “The government should function as a fair and transparent regulator. “On […]

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Savers urged to ‘chase’ the best interest rates of the week

Experts are sharing what the best savings interest rates are currently on the market for the week beginning November 27. Interest rates have been on the rise over the past year thanks to central banks raising base rates. While this has hurt borrowers, savers have been able to benefit from this decision in the interim period. With rate increases being […]

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European Shares Seen Opening Mixed In Lackluster Trade

European stocks may open mostly lower on Thursday, though U.K. markets may rise at open after ending slightly lower in the previous session. Trading volumes may remain subdued somewhat due to the Thanksgiving Day holiday in the U.S. There will be a shortened session on Wall Street Friday. Asian stocks traded mixed in range-bound trade, with Japanese markets closed on […]

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U.S. Stocks Move Back To The Upside Ahead Of Thanksgiving Day Holiday

Following the pullback seen during the previous session, stocks moved back to the upside during trading on Wednesday. The major averages gave back ground after an early surge but managed to remain in positive territory. The Dow advanced 184.74 points or 0.5 percent to35,273.03 and the S&P 500 climbed 18.43 points or 0.4 percent to 4,556.62, reaching their best closing […]

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Major Averages Hovering In Positive Territory In Afternoon Trading

Stocks moved to the upside early in the session on Wednesday and remain mostly positive in afternoon trading. With the upward move on the day, the major averages have more than offset the pullback seen in the previous session. The major averages have moved roughly sideways in recent trading, hovering in positive territory. The Dow is up 183.09 points or […]

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Treasuries See Further Upside Amid Optimism About Interest Rates

Treasuries showed a lack of direction in early trading on Tuesday but climbed firmly into positive territory over the course of the session. Bond prices gave back some ground in early afternoon trading but moved back to the upside going into the close. Subsequently, the yield on the benchmark ten-year note, which moves opposite of its price, fell 5.3 basis […]

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