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New Delhi, Sep 4 (PTI) The rupee depreciated by 11 paise to close at 82.73 (provisional) against the US dollar on Monday, weighed down by a surge in crude oil prices and strength of the American currency in the overseas market.
On Thursday, August 31, the U.S. markets ended mixed as investors reflected on a blend of economic indicators that were released. U.S. initial jobless claims dropped by 4,000 to 228,000 in the week ending August 26, beating market estimates of 235,000. Core PCE prices in the U.S. rose 0.2% month-over-month in July.
On Thursday, August 31, the U.S. markets ended mixed as investors reflected on a blend of economic indicators that were released. U.S. initial jobless claims dropped by 4,000 to 228,000 in the week ending August 26, beating market estimates of 235,000. Core PCE prices in the U.S. rose 0.2% month-over-month in July. In July, the core PCE price index, the Fed's preferred inflation measure, rose by 0.2%, matching expectations and the previous month's pace. The Dow Jones Industrial Average concluded
On Wednesday, August 30, the U.S. markets closed in green. The new economic data suggests a slowdown in the U.S. economy. The Economic data indicated that the U.S. economy grew at an annualized rate of 2.1% in Q2 2023, lower than the initial 2.4% estimate and the 2.0% growth in Q1.
On Tuesday, August 29, U.S. markets closed higher; the S&P 500 saw its best day since June 2, and the Nasdaq had its strongest session since July 28, both ending over two-week highs. The notable increases followed the release of the Labor Department's JOLTS report for July, indicating a decrease in job openings to 8.827 million.