Rupee strengthens most in two months as US CPI softens
Rise in Asian currencies follows soft US inflation, hinting at a possible end to the Federal Reserve's rate-hike cycle
Source: moneycontrol.com
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abhishek basumallick: Next 6 months, Indian markets could outperform or surprise on the upside: Abhishek Basumallick
“We have fairly large positions in the railways, in capital goods, some in pharma and more as a turnaround story. I like banks and NBFCs. MFIs have been doing really well. So, essentially the infrastructure related, real estate infrastructure, capital goods, railways, is the space where things are looking really interesting.”
Source: indiatimes.com
U.S. inflation eased in October as Fed hikes take bite out of price spikes - National
Inflation in the U.S. slowed last month in a sign that the Federal Reserve's interest rate hikes are continuing to cool the consumer price spikes.
Source: globalnews.ca
Wall Street rallies as cooling inflation boosts peak rate bets
Both the S&P 500 and the tech-heavy Nasdaq were at a two-month high after data showed that US consumer prices were unchanged in October amid lower gasoline prices
Source: businesstoday.in
Wall Street, European stocks soar after soft US inflation data
Data showed US consumer prices were unchanged in October amid lower gasoline prices, while underlying inflation showed signs of slowing.
Source: moneycontrol.com