Saudi Arabia’s stock market fell by 2.3% at Sunday’s open as the country grappled with weekend drone attacks on the heart of its oil production facilities in Abqaiq and Khurais claimed by Yemen’s Houthi rebels.
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Get real-time live news on stocks, commodities, economy, and global financial markets. Stay ahead with instant updates and expert insights. – Gold Silver Reports (GSR)
Federal Reserve set to disappoint Trump with 25bp cut
After one more interest rate cut, the Federal Reserve will be finished cutting rates, according to Goldman Sachs. The firm gives an 80% probability of another rate cut this year to wrap up the Fed’s easing cycle.
अगस्त महीने में खुदरा मुद्रास्फीति मामूली बढ़कर 10 महीने के उच्चतम स्तर 3.21 फीसदी पर पहुंच गयी
अगस्त महीने में खुदरा मुद्रास्फीति मामूली बढ़कर 10 महीने के उच्चतम स्तर 3.21 फीसदी पर पहुंच गयी. खाने-पीने की चीजें महंगी होने से अगस्त में खुदरा मुद्रास्फीति बढ़ने और औद्योगिक उत्पादन की वृद्धि दर सुस्त पड़ने से भारतीय रिजर्व बैंक पर नीतिगत ब्याज दर रेपो रेट में कटौती करने का दबाव एक बार फिर बढ़ गया है. विशेषज्ञों का मानना है कि इस स्थिति में रिजर्व बैंक की मौद्रिक नीति समिति अगली समीक्षा बैठक में रेपो दर में 0.15 से 0.25 फीसदी की और कटौती कर सकती है
ECB Press Conference Outlook & Report on Thursday, 12 September 2019
Mario Draghi faces one of the most contentious policy meetings of his European Central Bank presidency on Thursday as he prepares to ramp up monetary stimulus again despite skepticism from the euro area’s biggest economies.
Alert – MCX Trading Holidays 10 September 2019 MOHARRAM (TUESDAY) Market Open in Evening Session 5:00pm – 11:30pm
Alert – MCX Trading Holidays 10 September 2019 MOHARRAM (TUESDAY) Market Open in Evening Session 5:00pm – 11:30pm
The festival of Muharram is the first month of the Islamic calendar. It is considered the second holiest month after Ramzan. Muharram, one of the four sacred months, is observed by Muslims across the world.
History of Muharram:
Bank of Russia is expected to cut the key rate by 25 basis points
The Bank of Russia is set to meet tomorrow for its monetary policy decision. According to a Nordea Bank research report, the Bank of Russia is expected to cut the key rate by 25 basis points. Modest economic performance and moderate inflation pressure give hope for a continuation of the easing cycle in 2020.
Gold Boom Higher on Lackluster Non-Farm Payrolls Data – Gold Silver Reports
The increase in new jobs for July was downwardly revised to 159,000 from 164,000 and June’s figure was cut to 178,000 from 193,000. Average hourly earnings was a bright spot, rising by 0.4% in August and 3.2% over the year, beating expectations. The market reacted to the jobs data with a sharp rally in gold and the US dollar weakening against its major counterparts.