Page 64 - Fomc News Today

Central banks may taper stimulus soon × Govt debt is at unprecedented levels and continued money-printing is beginning to impact inflation and create asset price bubbles Stock markets that have managed to convince themselves that central bank liquidity will continue for a long time will soon have to wake up to taper. For most central banks have begun preparing the ground for an exit. While some central banks such as the Bank of Canada have begun reducing the quantum of bond purchases, others a...

This market continues to show resilience, but there’s also a lot of selling pressure. Technical support could see another test today, but the question is whether “buy the dip” will happen again.

KUALA LUMPUR: The ringgit extended yesterday’s losses against the US dollar at opening today after the release of the Federal Open Market Committee (FOMC) meeting minutes, which indicated that the US economy was improving rapidly and could lead to a tighter monetary policy. At 9am, the local currency was traded at 4.1410/1460 against the greenback from Thursday’s close of 4.1360/1400. ActivTrades trader Dyogenes Rodrigues Diniz said the market had been anticipating the monet...

Don’t fear the taper: Fed to dominate treasury market for years SECTIONS Last Updated: May 20, 2021, 09:40 PM IST Share Synopsis The stake is so large that even once the Fed’s purchases wind down, it is expected to keep its holdings steady by buying new Treasuries whenever old ones mature, reducing the amount that would need to be sold to the public. Shutterstock.com “The Fed is definitely not going anywhere anytime soon with regard to the Treasury market,” said Mike Pugliese, an econom...

The ringgit opened easier against the US dollar on Monday on lack of demand for the local currency, but it was mostly higher versus other emerging currencies.

OLE HANSEN - A revival among key US crop futures help offset another week of steep losses across energy commodities. Crude oil suffered a third consecutive week of losses. Precious metals reversed some of their recent strong gains as profit-taking has emerged ahead of the June 14 Federal Open Market Committee meeting.Oil returned to near pre-Opec levels as...

KUALA LUMPUR, May 1 (Bernama): Bursa Malaysia is expected to continue cautious trading next week as investors may remain on the sidelines ahead of Bank Negara Malaysias (BNM) policy meeting on Thursday. Bank Islam Malaysia Bhd economist Adam Mohamed Rahim said market talk has it that the central bank is likely to keep the overnight policy rate (OPR) unchanged at 1.75 per cent. "Sectors tied to the OPR, which is banking and finance, will then be under investors radar. Nevertheles...

The Federal Reserve has shown no sign that there has been enough progress yet to ease the support for the U.S. economy that it put in place at the onset of the pandemic

Investors make Rs 2.1 lakh crore as Sensex extends rally to third day on earnings boost SECTIONS Investors make Rs 2.1 lakh crore as Sensex extends rally to third day on earnings boostBy Share Synopsis A buying spree by domestic institutional investors and retail investors is also negating the impact of foreign fund outflows, say analysts. The NSE Nifty 50 index gained 211.50 points or 1.44% to end at 14,864.55. Related NSE Explore Now NEW DELHI: Equity benchmarks extended a rally to the third...

The domestic equity market has turned extremely volatile amid a spike in Covid-19 cases, which has dampened the prospects of a quicker economic recovery. India VIX surged over 11 per cent this week, indicating nervousness among the participant investors. While the US indices witnessed profit taking on expectations of increased taxes on companies and capital gains, India faced pressure on equities as investors looked for safer avenues. Precious metals have started seeing some momentum because of...