Lowe's Financial News

₹17.25 and closed at ₹17.23. The stock had a high of ₹17.35 and a low of ₹17.1.

The global chief executive of French power sockets and light switches group Legrand says demand has been “flattish” in the past six months in Australia as the housing construction market sags, but he’s hopeful of a rebound by the second half of 2024.

Asian shares rebounded from 11-month lows on Thursday as a plunge in oil prices and softer U.S. labour data helped pull Treasury yields off 16-year peaks, although a looming U.S. payrolls report could make or break the rally.

much needed relief as the dollar and U.S. Treasury yields both steadied slightly lower on Thursday after mixed U.S.

By Uditha Jayasinghe and Swati Bhat

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Investing.com — The Dow closed higher to snap a three-day losing streak on Wednesday as data showing the pace of private job growth slowed to a 32-month low eased fears somewhat that the Federal Reserve may not need to hike again before year-end, halting the recent rise in Treasury yields. 

Despite positive developments like the launch of futures-based Ether ETFs and a UAE Dirham-based stablecoin driving digital asset adoption, Bitcoin (BTC), the world's most valuable cryptocurrency, failed to stop its losing streak and is currently trading below the $28,000 mark. 

Taylor Morrison CEO Sheryl Palmer discusses the headwinds facing the housing market after a drop in August on existing home sales on 'The Claman Countdown.'

FOX Business correspondent Madison Alworth shares why for many first-time homebuyers, the American dream is delayed as a result of high mortgage rates and home prices on 'Varney and Co.'

Investing.com — The S&P 500 rose Wednesday as the rise in Treasury yields was halted by data showing the pace of private job growth slowed to a 32-month low, easing fears somewhat that the Federal Reserve may need to hike again before year-end.

LONDON (Reuters) — British services companies suffered a less severe downturn in September than first feared, reflecting a surprise fall in inflation and the Bank of England's decision to leave interest rates on hold, a business survey showed on Wednesday.

Investing.com — The oil trade seems to have woken up to the fact that there’s something bigger after all than OPEC: The economy.

₹7,127 per bbl, having swung between ₹7,107 and ₹7,437 per bbl during the session so far, against a previous close of ₹7,448 per barrel. THIS COPY IS BEING UPDATED "Exciting news! Mint is now on WhatsApp Channels

30-year yields rose above 5% overnight, as investors worried about the Federal Reserve holding rates higher for longer as it battles to bring down inflation. Yields have surged as investors reprice the likelihood that the U.S. central bank will keep rates elevated and possibly raise them again if the economy continues to show resilience and price pressures remain above the Fed's 2% target. Concerns over rising Treasury supply and oil prices are also weighing on the market. As yields jump, investors are also focused on the likelihood that high rates will ultimately cause a recession, with many analysts forecasting weakness in the fourth quarter and into 2024. “I think that the real reason the long end has been in a free fall is mainly because of the yield curve steepening trade, where the curve has a tendency to reprice an economic slowdown,” said Tom di Galoma, managing director and co-head of global rates trading at BTIG in New York. The closely watched yield curve between two-year and 10-year notes reached minus 30 basis points on Wednesday, after inverting as far as minus 111 basis points in March and July.

The Nifty 50 fell 0.47% and ended below the 19,450 level, while the S&P BSE Sensex declined 0.44% to 65,226. Eleven of the 13 major sectoral indices logged losses, with index heavyweight banks falling 0.98%.

A sell-off in global bond markets gathered pace, driving yields to the highest level in more than a decade as traders brace for an extended period of tight monetary policy.

On the other hand, the dollar index, which tracks the greenback against six peers, was down 0.2% at 106.73, giving up some of its recent gains, after weaker-than-expected U.S. private payrolls based on the ADP National Employment Report.

₹1,769.49 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹9,848.55 crore of Indian equities, while they sold ₹14,272.57 crore --- resulting in an outflow of ₹4,424.02 crore on Wednesday. Meanwhile, DIIs infused ₹10,050.08 crore and offloaded ₹8,280.59 crore, registering an inflow of ₹1,769.49 crore.

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FreedomWorks senior economist Steve Moore provides insight on the state of the economy on 'Making Money.'