Business

March 4, 2023 5:26 PM

US share markets log gains amid volatile week

The US share markets logged gains on Friday amid volatile week. The three major stock indices surged as U.S. Treasury yields eased and economic data helped investors look past the growing likelihood that the Federal Reserve will have to keep its restrictive policy in place until late in the year. Th...

March 3, 2023 5:11 PM

Oil prices hold steady registering a weekly gain

Oil prices held steady today, poised to register a weekly gain. This comes amid renewed optimism as China's demand recovery overrode recession worries over growing U.S. crude inventories and tightening monetary policy in Europe. In intra-day trade, Brent crude was trading at around USD 84.5...

March 3, 2023 5:10 PM

US stocks rally as Treasury yields pull back from earlier highs

U.S. stocks rallied yesterday as Treasury yields pulled back from earlier highs following comments from Atlanta Federal Reserve President Raphael Bostic about his favoured path of interest rate hikes for the central bank. The Dow Jones Industrial Average rose one and a half percent, the S&P ...

March 3, 2023 5:04 PM

Rupee appreciates 63 paise against US currency

In the forex market, the rupee today appreciated 63 paise against the US currency. The domestic unit closed at Rs 81.97 against the US dollar. The dollar index, which indicates the US dollar's strength against a basket of six other leading currencies, was down 0.27 percent to trade at 104.7...

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