Author: Ritu

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Gold Prices Muted Ahead of Fed Meeting as Safe Haven Appeal Wanes

Gold prices moved in a tight range on Wednesday, stabilizing after a sharp drop in the prior session as markets hunkered down ahead of a Federal Reserve interest rate decision, while easing fears of a banking crisis spelled lesser safe haven demand for the yellow metal. Bullion prices were nursing sharp losses from the prior […]

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Global banks raise forecast to 4% peak for key ECB rate

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Asia FX Dips, Dollar Steadies As Fed Meeting Looms

Most Asian currencies retreated on Tuesday, while the dollar firmed slightly as markets hunkered down ahead of a Federal Reserve interest rate decision this week, while lingering fears of a banking crisis also weighed on sentiment. The South Korean won was the worst performer for the day, down 0.6% as soft inflation and trade data […]

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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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Global banks raise forecast to 4% peak for key ECB rate

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Gold Prices Face Resistance At $2,000 As Fed Meeting Looms

Gold prices were muted in early Asian trade on Tuesday after touching key highs in the prior session as markets locked in some profits ahead of an upcoming Federal Reserve interest rate decision, while caution over a potential banking crisis kept safe haven demand strong. The yellow metal rallied sharply over the past week as […]

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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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Global banks raise forecast to 4% peak for key ECB rate

Goldman Sachs (NYSE:GS), BNP Paribas (OTC:BNPQY), Uncredited (BIT:CRDI) and RBC Capital Markets had earlier expected the ECB’s terminal rate to Read more

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Bitcoin Near 9-Month High As Bank Turmoil Sparks Rally

to turn to digital assets. The biggest cryptocurrency by market value fell 1.8% in Asia hours to $27,549 after hitting its highest since June 12 on Sunday at $28,474. It rose 26% last week and is up more than 35% in ten days as turmoil in the banking sector has rippled around the globe — […]

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Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

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Global banks raise forecast to 4% peak for key ECB rate

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Vaccine Makers Prep Bird Flu Shot For Humans ‘Just in Case’; Rich Nations Lock in Supplies

Some of the world’s leading makers of flu vaccines say they could make hundreds of millions of bird flu shots for humans within months if a new strain of avian influenza ever jumps across the species divide. One current outbreak of avian flu known as H5N1 clade 2.3.4.4b has killed record numbers of birds and […]

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Credit Suisse Lifeline, First Republic Rescue: What You Need To Know

Credit Suisse headed into a make-or-break weekend after some rivals grew cautious in their dealings with the struggling Swiss lender, and its regulators urged it to merge with UBS AG. At least four major banks, including Societe Generale (OTC:SCGLY) and Deutsche Bank (ETR:DBKGn), are restricting new trades involving Credit Suisse or its securities, five sources […]

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Oil Prices Rise On OPEC+ Hopes, But Set For Steep Weekly Losses

Oil prices crept higher on Friday on the prospect of supportive measures by the OPEC+, although fears of an economic slowdown stemming from a banking crisis kept gains limited and put prices on course for their worst week this year. Media reports said that Saudi Arabian and Russian ministers met this week to discuss potential […]

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Asian Stocks Surge As Bank Bailouts Lift Spirits

Asian stock markets rose on Friday, recovering from a series of sharp losses this week as government and institutional support to stem a potential banking crisis helped improve sentiment, while traders also priced in a less hawkish Federal Reserve. Chinese bourses were the best performers for the day, with the Shanghai Shenzhen CSI 300 and […]

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ECB Likely To Stick To Big Rate Hike Despite Banking Turmoil, Source Says

European Central Bank policymakers are still leaning towards a half-percentage-point rate hike on Thursday, despite turmoil in the banking sector, as they expect inflation will remain too high in coming years, a source told Reuters. Investors had begun to doubt the ECB’s commitment to another big rate hike this week after the collapse of Silicon […]

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Uncategorized

Asian Stocks Rise As Bank Rout Eases, Markets Bet On Less Hawkish Fed

Most Asian stock markets rose on Wednesday, helped by a recovery in bank shares amid easing fears over a potential crisis in the U.S., while growing bets that the Federal Reserve will adopt a less hawkish stance also aided sentiment. Regional markets took positive cues from an overnight recovery on Wall Street, after consumer inflation […]

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