Tech sector lifts US Stocks despite inflation concerns

September 12, 2024 7:28 PM

Tech sector lifts US Stocks despite inflation concerns

All major US stocks settled higher yesterday with boost in technology sector, offsetting the increase in core inflation rate for August. The data released yesterday dashed hopes for a bigger interest rate cut by the Federal Reserve next week. Nasdaq Composite increased more than two percent, S&P...

Crude oil price increases

September 12, 2024 7:23 PM

Crude oil price increases

Crude oil prices increased today extending a rebound propelled by concern over Hurricane Francine's impact on the US output. In the global crude market, Brent crude was trading 1.22 percent up to trade at 71 dollars and 47 cents per barrel and the U.S. West Texas Intermediate (WTI) was trading nearl...

Indian rupee appreciates 4 paise at 83 rupees 95 paise against US dollar

September 12, 2024 7:17 PM

Indian rupee appreciates 4 paise at 83 rupees 95 paise against US dollar

In the Forex market today, Indian rupee appreciated four paise at 83 rupees 95 paise against the US dollar amid a positive trend in domestic equities and foreign fund inflows. The dollar index, which indicates US dollar's strength against a basket of six other leading currencies, is trading at 101.7...

4 out of 5 Asian indices trades in positive territory

September 12, 2024 7:14 PM

4 out of 5 Asian indices trades in positive territory

Four out of five major Asian indices traded in the positive territory today. Japan's Nikkei rose nearly three and half percent, Korea's Kospi gained nearly two and half percent, Hong Kong's Hang Seng advanced more than half percent and Singapore's Straits Times Index was more than half a percent up....