Investors on Wall Street in the week ahead will have plenty of economic data to analyse, with the major focus on jobs report for February. Among other reports, monthly purchasing managers data from S&P Global and the Institute for Supply Management (ISM), and factory orders will be released. The earnings calendar will see big companies…
US stock indices were mixed on Friday after data showed a slight easing in the Federal Reserve’s preferred inflation. At the opening bell, the Dow Jones Industrial Average rose 20.3 points, or 0.05%, to 43,259.84. The S&P 500 fell 4.8 points, or 0.08%, to 5,856.74​, while the Nasdaq Composite dropped 67.2 points, or 0.36%, to…
This unilateral action spelt the end of the 1944-instituted Bretton Woods system, which had been set up in the wake of World War II to stabilize international finance and encourage global trade. It worked by pegging the dollar to gold as part of an international system of fixed exchange rates with all settlements in dollars….
Past performance Over the past one-year period, amid weakness in stock markets, multi-asset funds as a category have delivered average returns of 9.2%. Within the category, certain multi-asset funds have delivered higher returns. The stock market benchmark Nifty 50 has fetched a little over 2.6% in the same period. On a five-year rolling basis, multi-asset…
On Wall Street in the week ahead, the spotlight will be on the two economic data – the Federal Reserve’s preferred inflation gauge, the Personal Consumption Expenditures (PCE) Price Index, and the second estimate for fourth quarter gross domestic product (GDP). Investors will also closely monitor reports on personal income and spending for January, and…
US stock indices opened mixed on Friday, a day after Walmart’s dour forecast hit sentiment, while UnitedHealth slid after a report that the US Justice Department is investigating the healthcare conglomerate. At the opening bell, the Dow Jones Industrial Average fell 356.5 points, or 0.81%, to 43820.13. The S&P 500 fell 3.4 points, or 0.06%,…
Over the past one year, gold has yielded a 37.73% return, while the three-year return stands at 18.72%. Looking at a broader horizon, gold has provided a 14.68% return over five years and 11.12% over ten years. ETFs allow investors to gain exposure to gold price movements without the burden of storage and security. But…
US stock indices opened higher on Tuesday, as investors focused on potential tariff developments and the US Federal Reserve’s interest rate strategy. At the opening bell, the Dow Jones Industrial Average rose 37.8 points, or 0.08%, to 44583.91. The S&P 500 rose 7.0 points, or 0.11%, to 6121.6​, while the Nasdaq Composite rose 63.8 points,…
In a holiday-shortened week ahead, Wall Street investors will be focusing on home sales data and the Federal Reserve minutes of January monetary policy meeting. The markets will remain closed on Monday to mark Presidents’ Day. The week will also see other economic data including preliminary PMIs by S&P Global for services and manufacturing, and…
US stock indices were muted on Friday after mixed economic data and as investors awaited more clarity on President Donald Trump’s reciprocal tariff plans. On Thursday, Trump said his economics team will devise plans for reciprocal tariffs on every country taxing US imports, though the directive stopped short of imposing fresh tariffs. At 9:40 am…
