• posted by IMV |
  • 16/5/2018

Gold prices hit a fresh low for the year as a surge in both the dollar and bond yields on mostly upbeat economic data reduced investor appetite to hold the precious metal. A report on retail sales pointing to underlying U.S. economic growth sent bond yields soaring, helping the dollar to hit a fresh high for the year. The Commerce Department stated, that retail sales fell 0.3% last month that missed economists forecast for a 0.5% rise but retail...

  • posted by IMV |
  • 16/5/2018

North Korea abruptly cancelled talks with South Korea and warned the U.S. to “think twice” about the fate of President Donald Trump’s planned meeting with Kim Jong Un next month, tamping down hopes of a breakthrough at the historic summit. North Korea told South Korean authorities just after midnight local time that it was suspending “indefinitely” minister-level talks planned for Wednesday, South Korea’s Unification Ministry said. Kim’s regime...

  • posted by IMV |
  • 16/5/2018

A sharp decline in gold imports helped keep trade deficit in check in April, even as exports rose at a modest pace in the first month of the new fiscal year. Exports rose 5.2% to $25.91 billion in April, as per data released by the commerce and industry ministry. Imports grew 4.6% on year at $39.63 billion, leaving a trade deficit of $13.72 billion, almost the same level as in March. Source: ET

  • posted by IMV |
  • 16/5/2018

Fundamental Aspect:Guar complex recovered sharply from its recent bottom witnessing rising demand amid poor supply, which is supporting the prices. Since weather department had projected early onset on monsoon, we may see demand for the seed from farmers for the sowing purpose. Rising crude oil prices also seeking the demand of gum in physical market as gum is largely used as emulsifier in drilling activities. It estimated that guar seed...

  • posted by IMV |
  • 16/5/2018

The Indian rupee plummeted to a fresh 16-month low against the U.S dollar amid gains in the US currency overseas. Dollar strengthened against major global currencies having pulled up from its lowest level in more than a week as hopes for easing global trade tensions pushed US bond yields higher. Early losses in stock markets and demand for the US currency from importers also weighed the sentiment of rupee heavily. Investors remained cautious...

  • posted by IMV |
  • 16/5/2018

The dollar rallied to hit five-month’s high overnight in Asia, and its momentum remained in early morning. Japan’s GDP figures missed expectation, ending its nine-quarter growth run. The dollar hit 93.32 on Tuesday night in Asia, the highest level this year. As the relations on the Korean peninsula improved and a full-blown trade war between the U.S. and China became less likely, investors turned to U.S. 10-year Treasury yields for cues. In...

  • posted by IMV |
  • 16/5/2018

Oil prices eased as the U.S. dollar strengthened against other currencies. As the dollar strengthens, investors can retreat from dollar-denominated commodities like oil. Oil prices have surged more than 70% over the last year as demand has risen sharply while production has been restricted by the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia, and other producers, including Russia. The tightening market has all but...

  • posted by IMV |
  • 16/5/2018

 Gold prices hit a fresh low for the year as a surge in both the dollar and bond yields on mostly upbeat economic data reduced investor appetite to hold the precious metal. A report on retail sales pointing to underlying U.S. economic growth sent bond yields soaring, helping the dollar to hit a fresh high for the year, pressuring gold prices to break below their 200-day moving average at $1,306 - a price level that had acted as support in...

  • posted by IMV |
  • 16/5/2018

Economic Times● Karnataka election results: BJP’s victory ‘unprecedented’ says PM Modi● PNB posts Rs13,416 crore Q4 loss after being hit by Nirav Modi fraud● Cabinet reshuffle: Piyush Goyal gets finance, Smriti Irani loses I&B ministry● Idea Vodafone may face conflict of interest in telecom tower deal● PNB fraud: Allahabad Bank divests CEO Usha Ananthasubramanian of all powersBusiness Standatd● Hindustan Unilever makes the most of the GST...

  • posted by IMV |
  • 16/5/2018

Economic Times● Karnataka election results: BJP’s victory ‘unprecedented’ says PM Modi● PNB posts Rs13,416 crore Q4 loss after being hit by Nirav Modi fraud● Cabinet reshuffle: Piyush Goyal gets finance, Smriti Irani loses I&B ministry● Idea Vodafone may face conflict of interest in telecom tower deal● PNB fraud: Allahabad Bank divests CEO Usha Ananthasubramanian of all powersBusiness Standatd● Hindustan Unilever makes the most of the GST...