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Modi's one year: Pharma and auto stocks sizzle while Sensex returns 11%

May 26, 2015 at 17:39 | Source: FirstPost

Critics may be baying for his blood but the stock market has kept its faith in prime minister Narendra Modi. At least that is what one would infer from the returns data analysis over the last one year.When Modi stormed to power last May, expectations...

G7 finance ministers to address faltering global growth| Reuters

May 24, 2015 at 14:30 | Source: FirstPost

LONDON Finance ministers from the world's largest developed economies meet in Germany this week against a backdrop of faltering global growth, scant inflationary pressures and a bond market in turmoil.High on their agenda -- even if unofficially -- w...

Asia up after Wall Street sets record high, dollar steadies after slip| Reuters

May 22, 2015 at 06:45 | Source: FirstPost

TOKYO Asian shares rose early on Friday after Wall Street set another record high with prospects for a Federal Reserve rate hike in June all but quashed, while the dollar steadied after losing ground to the euro for the first time this week on downbe...

China shares rally after poor data, dollar holds gains| Reuters

May 22, 2015 at 03:45 | Source: FirstPost

TOKYO Stock market gains were capped on Thursday in much of Asia in the wake of China's downbeat factory activity data, but shares in Shanghai focused on the potential positives from the weak reading and rallied.The dollar held on to broad gains afte...

Wall Street up as near-term rate-hike prospects fade; oil jumps| Reuters

May 22, 2015 at 03:15 | Source: FirstPost

NEW YORK Global equity markets rose on Thursday, with Wall Street's S&P 500 index closing at a record high as investors bet that U.S. interest rates won't rise soon, while oil jumped more than 2 percent on the view that a global glut may be start...

Wall Street, dollar rise as June rate-hike prospects dim| Reuters

May 21, 2015 at 01:15 | Source: FirstPost

NEW YORK Wall Street and the dollar rose on Wednesday after minutes of a Federal Reserve policymakers meeting last month bolstered bets that the first U.S. interest-rate hike in more than a decade will not come until later in 2015 at the earliest.Acc...

Fed officials see June rate hike as unlikely - minutes| Reuters

May 21, 2015 at 00:45 | Source: FirstPost

WASHINGTON U.S. Federal Reserve officials believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labour market and softer data, according to minutes from the central bank's April polic...

Fed officials felt data unlikely to support June rate hike | Reuters

May 21, 2015 at 00:15 | Source: FirstPost

WASHINGTON Many officials at the U.S. Federal Reserve's April policy meeting believed it would be premature to raise interest rates in June and that a bump in inflation was being offset by a weaker labor market and softer data, according to minutes f...

Gold snaps five-day rally on dollar gains, higher shares| Reuters

May 20, 2015 at 00:45 | Source: FirstPost

LONDON Gold snapped a five-day rally on Tuesday as the dollar rose sharply versus the euro and European shares gained after the European Central Bank suggested it may speed up its 1 trillion euro bond-buying campaign.Steady U.S. 10-year bond yields a...

Gold holds near three-month high on U.S. rate expectations| Reuters

May 19, 2015 at 07:15 | Source: FirstPost

SINGAPORE Gold retained gains from a five-day rally on Tuesday, trading near a three-month high as a recent string of sluggish U.S. economic data stoked speculation the Federal Reserve would not raise rates any time soon.Spot gold XAU= had dipped sli...

World shares set for weekly gain as bonds stabilise| Reuters

May 16, 2015 at 03:45 | Source: FirstPost

LONDON Global shares were on track for a weekly rise on Friday, with Europe following Asia higher, as bond-market jitters eased after a rollercoaster unwind of bets linked to the European Central Bank's stimulus plan.European bond yields were down ac...

Jeb Bush says knowing what we know now, he would not have invaded Iraq| Reuters

May 15, 2015 at 00:16 | Source: FirstPost

TEMPE, Ariz. Republican Jeb Bush reversed field on Thursday after a week of criticism and said that based on information known now, he would not have launched the Iraq war carried out by his brother, former President George W. Bush.Bush, who is expec...

Worst performing market? The end of the Modi bubble for foreign investors

May 14, 2015 at 12:20 | Source: FirstPost

Is PM Narendra Modi running out of luck? He had famously boasted being a lucky Prime Minister while seeking votes during the Delhi elections. The context, of course, was international oil prices had less than halved and that seemed to have brought al...

Worst performing stock market? This is the end of the Modi bubble for FIIs

May 14, 2015 at 09:45 | Source: FirstPost

Is PM Narendra Modi running out of luck? He had famously boasted being a lucky Prime Minister while seeking votes during the Delhi elections. The context, of course, was international oil prices had less than halved and that seemed to have brought al...

OECD says signs of U.S. economy flagging, China loses more steam| Reuters

May 13, 2015 at 02:30 | Source: FirstPost

PARIS Economic growth appears to be flagging in the United States and continues to slow in China, while France and Italy are outperforming as the euro zone economy recovers, a monthly OECD measure showed on Tuesday.The composite leading indicators (C...

Fed's Williams: inflation set to rise, rate hike on the table| Reuters

May 12, 2015 at 23:45 | Source: FirstPost

NEW YORK With the U.S. economy likely to reach full employment before year's end and inflation on track to rise to the Federal Reserve's target, the U.S. central bank could raise interest rates as early as its June meeting, a top Fed official said on...

Dogs, guns and weddings help U.S. investors take economy's pulse | Reuters

May 08, 2015 at 03:30 | Source: FirstPost

REUTERS - When Kim Forrest attends dog shows, she is there not just for her two wirehaired pointing griffons. She is also doing research for her day job as a portfolio manager and equity analyst.Forrest, who works for the Pittsburgh-based Fort Pitt C...

Gold up as dollar turns lower; focus on U.S. jobs data| Reuters

May 06, 2015 at 01:45 | Source: FirstPost

NEW YORK/LONDON (Reuters) - Gold rose on Tuesday as the dollar turned lower and global shares fell ahead of U.S. non-farm payroll data later in the week that could give clues as to when the Federal Reserve will raise interest rates. Spot gold XAU= fe...

Gold down on stronger dollar; focus on U.S. jobs data| Reuters

May 05, 2015 at 23:15 | Source: FirstPost

LONDON (Reuters) - Gold edged lower on Tuesday as the dollar and European shares rose ahead of U.S. nonfarm payrolls later in the week that could give clues on when the Federal Reserve will hike interest rates. Spot gold was down 0.1 percent at $1,18...

Gold rebounds from six-week low but dollar recovery caps gains| Reuters

May 05, 2015 at 00:30 | Source: FirstPost

London (Reuters) - Gold rose on Monday as prices rebounded from the previous session's six-week low, but remained under pressure as the dollar firmed and buyers remained cautious on the timing of a U.S. interest rate hike.The metal fell sharply at th...

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