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A month ago the trend in global markets remained bullish despite the fallout from a correction that started mid-summer, based on several sets of ETF pairs. Following yesterday’s upbeat Federal Reserve news, however, the upbeat outlook has strengthened.

Donald Trump's civil business fraud trial has offered fresh insight into the former president's finances, his dealings with lenders and his aspiration to be an NFL owner, among other matters

Growth, innovation, enthusiasm and uncertainty were some of the key takeaways used to describe what the financial markets are likely to look like in the U.S. next year, according to executives speaking at a Bank of America roundtable on Thursday.

On December 4, the Singapore government revealed its ambitious National AI Strategy 2.0, an evolution of its first AI strategy introduced in 2019. This updated strategy delineates a comprehensive roadmap for the next 3-5 years, aiming to position Singapore at the forefront of AI innovation and application.

An investigation into the possibility of establishing bitcoin exchange-traded funds (ETFs) is now being conducted by Taiwan's Financial Supervisory Commission (FSC), which is in the exploratory phase. The use of digital assets inside regulated financial markets is becoming more popular throughout the world, and this move is in line with that trend.

Renewable Bitcoin mining company Iris Energy has revealed the acquisition of 1.6 EH/s of Bitmain T21 miners, increasing its self-mining capacity to 10 EH/s.

inDAO, a specialized organization focused on incorporating blockchain technology into daily life, and Verida, a provider of self-sovereign digital identity solutions, have formed a partnership with the goal of promoting the widespread adoption of Web3 in Uzbekistan.

Terra (LUNA) has been making waves in the crypto sector because it continues to defy odds by scaling heights despite its previous tribulations. On the other hand, BorroeFinance ($ROE) is crafting a name for itself as an AI altcoin that is rendering significant innovations in Web3 financing.

Williams pushed back against the market's rate cut expectations, though the index remained on track for its worst weekly performance in a month. The dollar tumbled broadly after updated interest rate projections of Fed officials released on Wednesday showed an expectation for 75 basis points in cuts in 2024. Fed Chairman Jerome Powell was also interpreted as striking a more dovish tone at the conclusion of the U.S. central bank's two day meeting, when he said that the tightening of monetary policy is likely over, with a discussion of cuts coming «into view.» But Williams said on Friday that «we aren't really talking about rate cuts right now» at the Fed and it's «premature» to speculate about them. «It strikes some of the similar tones that we heard from Powell earlier this week but it kind of reinforces the fact that the Fed is still very much a data dependent bank and not really endorsing what the market's pricing in to a degree,» said Bipan Rai, North American head of FX strategy at CIBC Capital Markets in Toronto. Rai also noted that a large part of the move in the dollar this week has been due to rebalancing positions that were heavily tilted towards the greenback and focused in specific currency pairs, such as against the Japanese yen. «This is a story about the inordinate amount of leverage and skewed positioning in the market that needed to be rebalanced more than any sort of dovish interpretation of what Powell said earlier this week,» he said. Traders are pricing in aggressive expectations for rate cuts, with the first reduction seen likely in March and 145 basis points in cuts seen by December. The dollar index was last up 0.39% on the day at 102.35.

₹36.3 crore from anchor investors on December 15, just a day prior to the commencement of the public offering. The anchor book saw participation from only two investors. The public issue is scheduled to open for subscription on December 18, with the closing date set for December 20.

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US Fed and hit fresh lifetime highs led by IT and bank stocks. The momentum is expected to continue in tune with positive Asian markets and on favourable cues from the US markets. The index has broken out of consolidation, driven by an increase in long positions compared to short trades among participants, Rupak De, LKP Securities, said as he sees the sentiment remaining robust with the index maintaining a position comfortably above crucial moving averages.

NEW DELHI, MUMBAI : The ministry of steel has begun consultations with domestic producers to explore strategies for reining in imports as these have exceeded exports from India, the world’s second-largest producer of the alloy. India imported 4.3 million tonnes of steel between April and November this year, as against exports of 4 million tonnes, becoming a net importer of the alloy. Experts attribute the shift in the trade balance to low international prices of steel and higher domestic prices, which not only made imports viable but also inhibited exports.

America’s core working age cohort of investors has shown the most confidence in being able to manage the ups and downs of the market according to a new study.

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.

cricket formats, the publication added. Several critical decisions are under consideration, as per Moneycontrol. The format debate oscillates between T10 and T20, leaning towards T10 for its brevity and excitement.

Sandip Sabharwal, asksandipsabharwal.com, says “sudden, swift corrections lasting a couple of weeks can come up any time. Markets can never go up in a straight line. So the investment strategy has to be, at this point of time, if you are holding some good stocks, you can keep on holding. If you are holding zero cash, I would say that it is a good strategy to at least have 10-15% cash now so that you can re-deploy as opportunities come up again.” Is it getting too good to be true or perhaps we should not get carried away with the momentum? What is your understanding of the market right now? It depends on the time horizon of the investors. So if it is a very long term, then it is fine. It does not matter. But I think when markets move up so rapidly in such a short period, in every bullish phase, we have seen that markets can correct 4% to 7% at any point of time without any reason so any investor who is getting in today needs to be ready for that.

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.

Sanjiv Bhasin, Director, IIFL Securities, says “I would stick with the largecap banks. ICICI and Kotak are looking very good on the largecap stocks and in the midcaps, AU Bank is making a fresh move. AU Bank has arguably become one of the fastest growing small scale MFSI, which has got the license and now growing very rapidly. Their cost of money has fallen. And now with bond yields moderating, I think their MSME book will expand very fast. So I would go with ICICI, Kotak and AU Bank where I feel that there is a lot of value at these prices.” Seems like celebration for equity markets almost on a daily basis! It was no different yesterday and in fact was quite a stunning move. One of the laggard sectors like IT made a comeback, across-the-board in largecaps, smallcaps and midcaps. Any opportunities here? Welcome to Santa Claus rally. So no complaints and enjoy the party as it stands and take advantage of any weakness in the stocks because 2024 is going to herald a very strong equity market, at least till we have volatility of the elections.

₹42.3 lakh spend on Swiggy, spurring speculation on X (formerly Twitter) about the possibility of this user being rival Zomato. In the world of food delivery services, Zomato and Swiggy stand as direct competitors. Their core business is delivery of food, linking a vast array of restaurants and cloud kitchens to a shared customer base.

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.