Usa Financial News

Friday, December 15th, 2023 –  The Bitcoin ETF Token ($BTCETF) is selling out fast as traders grab the coin at the lowest price before the crypto bull run explodes when a spot Bitcoin ETF is approved by the US SEC.

A joint venture that includes Blackstone Inc. and Canada Pension Plan Investment Board has won a stake in a nearly US$17-billion portfolio of commercial-property loans from the failed Signature Bank.

As reported in Reuters, this development permits X to facilitate money transfer in the same way that other payments systems such as PayPal’s Venmo can.

Nifty and Sensex hit record highs in trade today (December 15) for the second straight session after the US Fed signaled that its interest rate-hiking policy is at an end and it will cut rates in 2024. The Sensex rose over 720 points to its new high of 71,234.63, whereas the broader Nifty50 index advanced 214.4 points to its record high of 21,397.10. The US Federal Reserve has opted to maintain unchanged interest rates and has additionally signaled the likelihood of three quarter-point cuts to the benchmark interest rate in the coming year.

Supreme Court asked the petitioners to approach the court in the Czech Republic. "You have to go before the court which is outside India. Go over there.

US Federal Reserve signalled the end of its tightening cycle and raised expectations of a rate cut in March 2024. The 30-share BSE Sensex soared nearly 1,000 points to settle at 71,483.75, while the Nifty 50 closed 273 points higher at 21,456.65.

Ted Maloney (pictured) has served as chief investment officer since 2019, alongside his role of global director of research.

US Federal Reserve. Among other major currencies, the euro and pound rose on Friday as the central banks in Europe stuck to their hawkish paths. The US dollar index, which measures the greenback's strength against a basket of six currencies, eased by 0.02% to 101.94, not far from the four-month low of 101.76 it touched on Thursday.

crude oil purchases from Venezuela as the South American nation no longer faces sanctions from the US, oil minister Hardeep Puri said on Friday. “We have always bought stuff from Venezuela. It was when Venezuela came under sanction that they were not able to supply.

Bollywood movie Dunki, starring Shah Rukh Khan, Taapsee Pannu and Vicky Kaushal, is set to release on December 21. The film has generated a buzz among fans, with large-scale first-day-first-show plans across India and globally. Dunki advance booking will start on December 16, as per Pinkvilla.

Stock market today: Extending its bull trend for yet another session on US Fed rate cut buzz, Nifty IT index touched new life-time high for second day in a row on Friday. On Thursday, Nifty IT index had hit a new high of around 33,260 odd levels while Nifty IT index today climbed to a new peak of 35,655. All IT major like Tata Consultancy Services (TCS), Infosys, HCL Tech Tech Mahindra, Wipro, LTIM, etc.

Live Law report, a habeas corpus petition was filed in the top court on behalf of Gupta, requesting the Indian government to intervene and free him from custody. The bench headed by Justices Sanjiv Khanna and SV Bhatti were hearing the petition. During the hearing, the Justices gave a prima facie opinion, stating that the petitioners would need to go through the Czech Republic court where Gupta is being held.

As the U.S. tries to restore a key forest ecosystem in the Southeast, landowners must light more fires on private property

Venezuelan oil as some refiners in the country have the capability to process heavy crude oil, Oil Minister Hardeep Singh Puri said on Friday. Indian refiners have already resumed Venezuelan oil purchases, with Reliance Industries, Indian Oil Corp and HPCL-Mittal Energy securing cargoes of Venezuelan oil after the United States lifted sanctions in October. India last imported Venezuelan crude in 2020. «Many of our refineries, including Paradip, (are) capable of using that heavy Venezuelan oil.

Sensex beyond the 71,000 mark and making 21,000 the new pincode for Nifty, FIIs (foreign institutional investors) have been pouring in over Rs 3,900 crore daily on an average in December, making the 30-pack index stronger by 4,000 points so far in the month. NSDL data shows that in the first 10 days of the month, FIIs invested Rs 39,260 crore on Dalal Street. And now with the US Fed hinting at 3 rate cuts in 2024, the market could once again see a flood of foreign money chasing Indian stocks in the new year. The sharp uptick in FII flows comes after November's Rs 9,000 crore inflow and non-stop selling in September and October months. «This market has made a high despite the fact that we have yet to see significant FII inflows.

Metal stocks surged nearly 9% on Thursday amid fall in the dollar index after the US Federal Reserve kept rates unchanged while hinting at least three rate cuts next year. While it was okay to keep a positive view on the sector, a wait-and-watch strategy for now is the road forwards, told an analyst to ET Now. Dollar has declined 2.7% in the last three months, making dollar-priced commodities such as metals a lucrative buy for importers.

Mayuresh Joshi, Head, Equity Research-India, William O'Neil, says “as metal demand comes back slowly and steadily as far as China is concerned, the expectations of a soft landing in the US, strong recovery signs that we are seeing in Europe and holding out of macros and the expectations of infra spend in India, is expected to keep volumes afloat as far as Indian companies are concerned. With a sharp recovery in LME prices, the large expectation is that operating leverage should start kicking in from the first of the next financial year. It is a pre-emptive move that we are probably seeing on a lot of these counters.” What do you think is aiding the move in metals and is it sustainable? Two-three factors are clearly aiding the kind of growth that is now coming through for the sector as a whole. One, yesterday, Powell statement which is clearly indicating that at some stage in the second half of the next calendar year rate cuts will be a given, that will give a huge boost to the global economy and commodities in general should see a huge comeback.

foreign fund inflows and a weak greenback in the overseas markets strengthened the local unit, a recovery in crude oil prices weighed on the sentiment, forex dealers said. At the interbank foreign exchange market, the rupee opened flat at 83.30 against the dollar. It moved in a tight range of 83.32 and 83.29 in morning deals.

US Federal Reserve to cut rates next year. While foreign fund inflows and a weak greenback in the overseas markets strengthened the local unit, a recovery in crude oil prices weighed on the sentiment, forex dealers said.

Bill Clinton-- were impeached. Fourth Richard Nixon had resigned before his impeachment was put to vote. Now, Joe Biden faces the axe of a probable impeachment right before the Democratic leader would begin his election campaign for the US Presidential Poll 2024.

The US 10-year bond yield has seen significant movement in the 4.5-4.9% range over the past two months. Some investors expected the Federal Reserve to begin easing monetary policy sooner on growth concerns, and were thus bidding up bond prices, causing yields to fall. At the other end, consistent pressure on the US fiscal deficit and a lack of faith in the Fed’s easing was putting upward pressure on yields.