The U.S. dollar is poised for its worst weekly drop since late July, driven by increased expectations of Federal Reserve rate cuts following softer labor data. Traders are pricing in a high probability of a cut in December, despite inflation concerns. Meanwhile, anticipation builds for the Bank of Japan's meeting, with potential signals of a rate hike influencing the yen.
The fire started on Wednesday afternoon and rapidly engulfed seven of the eight 32-storey blocks at the complex, which were wrapped in bamboo scaffolding and green mesh and layered with foam insulation for the renovations.
Gold prices have reached a two-week high. Silver has hit a new record. This surge is driven by expectations that the US Federal Reserve will cut interest rates next month. Investors are returning to gold as a safe haven. Soft economic data and dovish remarks from Fed officials support this outlook. Platinum and palladium also saw gains.
Indias Q2 FY26 GDP surged 8.2%, beating expectations and reaffirming its position as the fastest-growing major economy. Markets may open positively on Monday, driven by robust manufacturing and services growth, easing inflation, and potential FII sentiment shift, though experts caution against chasing indices at elevated levels.
The 80-year-old former Prime Minister, who is suffering from various ailments, is now under close observation by doctors. Quoting doctors, Bangladesh Nationalist Party (BNP) Secretary General Mirza Fakhrul Islam Alamgir said that her physical condition is very critical.
The Securities and Exchange Board of India, often referred to as Sebi, is rolling out a set of new regulations designed to clamp down on the rising tide of fraud in the securities market.
Starting January 1, mutual funds and specialized investment funds will classify their commitments to REITs as equity investments. Meanwhile, infrastructure investment funds will retain their hybrid status. Existing investments in REITs under debt schemes will be preserved until December 31, 2025, allowing fund managers time to adapt.
After years of slashing output to prop up prices, key members of the OPEC+ group, including Saudi Arabia and Russia, surprised markets earlier this year by hiking production to levels very few had anticipated.
