Stay updated with breaking news from Fomc. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Major June quarter earnings are lined up for this week. Tata Steel, Bajaj Auto, Asian Paints, SBI Life Insurance Company, Tata Motors, Larsen & Toubro, Tata Consumer Products, Bajaj Finance, Tech Mahindra, Dr Reddy's Laboratories, Cipla, Axis Bank, Nestle India, Bajaj Finserv, among others will declare their Q1 earnings.
Gold prices were supported by lower-than-expected inflation in the US, UK, New Zealand and Australia, which could result in central banks pausing their interest-rate increase plans. However, after the narrative of a "peak rate" pushed US yields lower, rising yields allowed a US dollar index recovery
Markets have high confidence that the Federal Reserve will raise rates 0.25-percentage-points at their next decision on July 26. The key question is what's next.
Subscribe to the Forbes AI newsletter to stay in the loop and get AI-backed investing insights, the latest news and more delivered directly to your inbox every weekend.
The ringgit is expected to trade range-bound this week as investors remained cautious ahead of the United States Federal Open Market Committee (FOMC) meeting.