Indian markets fell on Friday after retail inflation rose to 6.09%, above the RBI’s tolerance limit, but analysts said the broader technical outlook remains positive. They cited support around 24,850–24,900 and recommended buying on dips if key levels hold.
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Sensex fell 318.56 points to 81,592.45 and Nifty 50 dropped 155.05 points to 25,144.30 on Friday, ending a three-session rally as October retail inflation rose to 6.09%. Analyst Chandan Taparia recommended MCX, BSE and Bharti Airtel, while identifying key index support and resistance levels.
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Raising borrowing costs too far risks laying waste to whatever growth there is in the economy A head of steam is building up behind the Bank of England raising interest rates again. With the latest forecasts by the central bank showing inflation rising to 5% next spring, another increase in the cost of borrowing seems inevitable, and may come as soon as next…
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‘We have further to go,’ says Huw Pill after increase to 4% this month as Bank seeks to tackle rising inflation The Bank of England will probably need to raise interest rates next month and again in early 2027 to combat rising inflation, its chief economist has said. Signalling a sharp rise in mortgage payments for an estimated 2.3 million homeowners who wil…
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Rising food prices are putting pressure on household budgets, with onion inflation at 116% and garlic at 61% in October. All five southern states recorded retail inflation above the national average of 6.09%, adding to the cost of everyday expenses.
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India's consumption growth is projected to be robust, driven by a young population and digital adoption. Despite this, rural income pressures and food inflation could pose challenges for near-term demand. Premium products are expected to outperform mass-market categories as consumer preferences evolve. The impact of Super El Nino may exacerbate rural demand…
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Nvidia's recent leadership change and the upcoming IPO of Anthropic could significantly influence the AI market dynamics. US-China relations are set for discussions as Trump and Xi meet amid various geopolitical concerns. Oil prices remain volatile due to Middle East tensions and supply changes, affecting potential inflation relief. A UK and EU summit aims t…
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Federal Reserve Vice Chair Philip Jefferson emphasized inflation as the main factor in determining monetary policy. He highlighted that economic growth and a stable labor market have been observed. Jefferson indicated that upcoming adjustments to policy should rely on data trends and the evolving economic outlook. Concerns about artificial intelligence displ…
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The Tamil Nadu government has set stock limits on essential commodities like rice and pulses to combat price inflation. Wholesalers can stock a maximum of 2,000 metric tonnes of rice, while retailers are restricted to eight tonnes. Miller stock is limited to one month's production capacity, ensuring regular supply. Importers are prohibited from holding stock…
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Nvidia is poised for a critical quarterly earnings report amidst controversies and leadership changes. Investors are wary as Anthropic prepares for a significant initial public offering, valued at up to $1.4 trillion. The overall market sentiment towards AI stocks could shift based on these developments next week. Retail sales data will also provide insight…
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US October PPI +6.5% vs +6.6% expected Fed's Goolsbee: We're not on the way to 2% inflation and we have to deal with that Goldman Sachs: We can explain almost the entire US inflation overshoot by tariffs and the war in Iran Fed's Collins: I would think some additional policy tightening is warranted soon Fed's Daly: In all likelihood, we need to raise rates M…
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Gold (XAU/USD) is poised to finish the week with losses of nearly 4.50%, yet it is up 0.14% on Friday as the US Dollar (USD) caps its advance, following a hot US inflation report on the producer side. At the time of writing, XAU/USD trades at $3,879, near 13-month lows.
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The Federal Reserve is examining whether AI will lower prices or keep inflation elevated, a question that could shape interest rates and the outlook for crypto.
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The old addage is: Never underestimate the spending power of the US consumer. That stance has been a remarkably good one for traders. Time after time, Americans have dug into their pockets and kept the economy churning. But never say never. San Francisco Fed President Mary Daly was just out with a comment, highlighting that she's "just starting to hear the c…
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San Francisco Federal Reserve (Fed) President Mary C. Daly said on Friday that the US economy is good, but the "key problem" is inflation, adding that the “bias is that rates need to go up.”
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Bitcoin is back near August levels as persistent inflation, growing expectations of another interest-rate hike and ETF withdrawals pressure prices.
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Sales of built units fell to 3.75m in October, down by 8.8% from last year, with mortgage rates at nearly three-year high US existing home sales hit a 16-year low in October as buyers were driven away by high mortgage rates and rising inflation, according to new data released on Wednesday. Sales of already built units dropped to 3.75m in October, down by 8.8…
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Boston Federal Reserve (Fed) President Susan Collins said that “inflation is too high and appears to be broadening,” echoing earlier comments by Chicago’s Fed President Austan Goolsbee.
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The British Pound (GBP) holds steady against the US Dollar on Friday, yet it’s poised to end the week with weekly losses of nearly 0.90%, trading at around 1.3230 after the recent US producer inflation report reached its highest level since November 2022.
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Earnings season is supposed to be over. Instead, next week might be the most important of the quarter for the macro view. Nvidia reports days after losing its founder. Anthropic prices what could be the largest equity deal ever. And every major US retailer reports into a rate-hike cycle. October CPI came in hot at 0.4% headline and 0.3% core, a December hike…
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USD/CAD pauses a three-day winning streak on Friday as a rebound in Oil prices helps the Canadian Dollar (CAD) outperform its major peers. The pair’s downside remains cushioned by a broadly stronger US Dollar (USD), supported by an increasingly hawkish Federal Reserve (Fed) outlook.
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BofA Global Research anticipates that the Federal Reserve will implement a rate hike in January 2027. This adjustment follows the unexpectedly high Consumer Price Index report for October. Expectations of a 25-basis-point increase are supported by increasing inflation driven by various factors. Other banks like Goldman Sachs and Deutsche Bank have also revis…
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The Federal Reserve will vote on interest rates less frequently beginning next year as part of a plan by the central bank’s chairman, Kevin M. Warsh, to overhaul how it operates.
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The producer price index was expected to increase 0.4% in October, according to the Dow Jones consensus.
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