Economy Financial News

The yield on the 10-year U.S. Treasury note climbed above 5.0% on Monday, reaching a level last seen in July 2007.

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The run-up in yields on the 10-year Treasury bond, seen as a safe-haven in times of economic uncertainty and a benchmark for borrowing costs around the world, has been driven by investors pricing in stronger U.S. growth as well as fiscal slippage. Yields at the long-end rose quickly after Federal Reserve Chair Jerome Powell said last week that the U.S.

China's blue-chip share index closed at its lowest level in four-and-a-half years on Monday, with investors dumping tech sector stocks and others as global market jitters compounded lingering worries over domestic economic health. The CSI300 Index fell 1% to its lowest closing level since February 2019.

Indian Railways is set to operate nearly 300 special trains, making a total of 4,480 trips, in order to cater to the increased demand during the festive season, including Durga Puja, Diwali, and Chhath. The announcement of 283 special trains was made by Union Railway Minister Ashwini Vaishnaw. According to the details shared by the minister, South Central Railway will run 58 trains, making a total of 404 trips.

Investing.com — Rising U.S. Treasury yields continue to weigh on stock markets at the start of a week that includes the release of earnings from a number of tech giants. Crude slips back as aid enters Gaza, while Apple is under pressure as its main supplier, Foxconn, faces a tax probe in China.

Reserve Bank of India and government officials may brush aside the seasonal bumps in vegetable prices terming it 'transient'. Yet, structural issues mean that the instances of such spikes have only increased in recent times, forcing the policymakers to focus on the short-term, analysts said on Monday. Higher incomes have meant that Indians now prefer higher consumption of non-cereal products like meat, pulses, fruits and vegetables.

(Reuters) -Escalating tension in the Middle East and surging U.S. bond yields set financial markets up for more turbulence, exacerbated by high oil prices and China's property pain.

Why JP Morgan’s Inclusion of Indian Bonds in the JP Morgan Government Bond Index – Emerging Markets Signifies a Mix of Positive News for the Indian Economy and a Growing Demand for Enhanced Fiscal Transparency and Accountability?

It is that time of the year when the country is gearing up for the festive season beginning from Ganesh Chaturthi leading into Navratri, Diwali, Christmas and New Year. Apart from the festivity and shopping splurges that are high during this time, investments also play a key role, especially in terms of real estate that has been gaining ground as properties are seen as a stronger and consistent investment medium than traditional alternatives. As we herald the festive season, we anticipate that residential real estate sector will grow by around 20% growth.

South Korea’s early exports returned to growth for the first time in more than a year in another indication of recovering external demand that will offer some reassurance to investors and policymakers monitoring the health of global commerce. Daily average shipments for the first 20 days of October increased 8.6% from a year earlier in the first gain since September last year, according to data released Monday from the customs office. The increase is a positive indication that world trade is starting to regain strength after a global slowdown. South Korea releases its data earlier than many economies and due to its key position in global supply chains and the tech sector, its export figures are watched closely to get an early take on the trajectory of world trade.

Foxconn Technology Group, Apple Inc.’s most important partner and one of the largest employers in China. Over the weekend, state media said that regulators are conducting tax audits and reviewing land use by Foxconn, the Taiwanese company that makes the vast majority of iPhones at factories in China. Hon Hai Precision Industry Co., Foxconn’s public arm, said it will collaborate with authorities. Meanwhile, an executive and two former employees of WPP Plc, one of the world’s biggest advertising companies, have been arrested in China, people familiar with the matter said.

Hemant Kanawala, Head-Equity, Kotak Life Insurance, says of late, we have seen that the largecaps have by and large stayed flat but we have seen a lot of rallies happening in the midcaps and smallcaps but as far as the largecaps have been concerned, that phase can continue for another six months. We will also have election uncertainty after six months. We believe that the market should spend some more time in the 18,000-20,000 before making further progress backed by earnings. How would you evaluate the market at the moment? You are seeing it largely being range-bound. Is this a phase of consolidation? Will there be more buying opportunities? In the last two years, broadly the market has been consolidating in the 18,000-20,000 range. We made a high of 18,500 two years back and we have slightly moved up in line with the earnings. So, currently, the Indian micro is doing very well. Corporate India is reporting strong earnings growth. Even the PMI activity reported is on a good side. The Indian economy is doing well. But we are seeing challenges from the external environment.

By Vidya Ranganathan

demography in the coming years. Ukraine gives no official toll of its war dead — the Ukrainian armed forces have reiterated that their war casualty numbers are a state secret – but various estimates say losses are huge. The figures remain classified. But US officials, quoted by the New York Times, recently put the number at 70,000 dead and as many as 120,000 injured.

Japan's yen took the spotlight in Asia on Monday, circling the 150-per-dollar level in a tug of war between investors betting on a further rise in dollar yields and those expecting Japanese authorities will intervene in markets. The week kicks off with growing worries about the Middle East conflict as Israel bombarded Gaza with air strikes early on Monday, extending a two-week bombardment that began after an Oct. 7 rampage by Islamist group Hamas on southern Israeli communities, and as the United Statese dispatched more military assets to the region. U.S.

bond market. The disparate positioning of various dynamic bond funds, which are considered a proxy for the fund house’s fixed income stance, indicates that fund managers are not aligned on interest rates. The positioning of dynamic bond funds is best explained by the portfolio duration or average maturity.

futures and options (F&O) trading was a loss-making proposition for investors. The report revealed that 89% investors lost money through these activities, and only 11% made profits. Separately, in an interview with Zerodha CEO Nithin Kamath some time ago, I learnt that there are no more than 5 lakh derivatives traders in the entire country.

For a second straight year, banks are making more money providing loans and underwriting bond sales for green-related projects than they’re earning from fossil fuel companies.

By Andrea Shalal and Kanishka Singh

NEW DELHI : Companies expect a significant surge in luxury goods demand in the ongoing festive season amid a thriving economy. Categories such as fashion, jewellery, footwear and even cigars are set for substantial growth, with some categories likely to rise by up to 20% in the third quarter. DLF, a leading luxury mall in northern India, is witnessing a growth of 50% for watches, branded jewellery and ready-to-wear items from a year earlier.