Total demand for gold -- whose twin drivers are jewellery and investment buying -- advanced 2 per cent to 4,309 tonnes compared with 2015, London-based industry body WGC said in a report.
Nonfarm payrolls probably increased by 178,000 jobs last month after a similar rise in November, according to a Reuters survey of economists. The unemployment rate is forecast ticking up to 4.7 percent from a nine-year low of 4.6 percent in November.
Calling Vladimir Putin "very smart", US President-elect Donald Trump today praised the Russian President for not retaliating immediately to Washington's punitive measures imposed on Moscow over alleged interference in the November polls.
"We will not create problems for American diplomats. We will not expel anyone," Putin said in a statement released by the Kremlin, also inviting children of US diplomats to a holiday party in the Kremlin.
Fed fund futures show a 97 percent probability that the Fed will lift rates by a quarter of a percentage point at the end of its two-day policy meeting on Wednesday, according to the CME Group.
The survey, conducted between 9-14 November after the US election results, also says that the US election result accelerated rotation into banks, out of high dividend yield and bond proxies and catalyzed buying of US equities. This drove allocation to US equities improving to net 4 percent overweight from net 7 percent underweight last month.
On similar lines, Shashi Bhusan of IDFC Securities, in conversation with CNBC-TV18, said that the downgrade in the overall growth expectation in the IT sector has been in the range of 3 to 5 percent for most of the companies.
The affluent city-state's economy has been on the ropes in the last two years as exports fell away amid slow world growth, and Trump's upset had added another layer of doubt on trade given his protectionist policy stance.
Sandip Agarwal said that the Indian IT industry a mirror image of US corporate profit, and they are not showing a downward trend, which means more uptick is expected in the sector.
"It is incumbent upon all of Silicon Valley â€” anyone responsible for technology that can reach beyond historically what was possible â€” to think about the unintended of what we're doing," said Jeff Weiner chief executive officer of LinkedIn, which is in the process of being acquired by Microsoft.
Stocks like Dr Reddy's and Sun Pharma gained around 5 percent on Wednesday. Major Indian pharma companies earn around 15-50 percent revenue from the US market.
Nirmal Jain of IIFL believes Indian fundamentals are still strong enough to attract money and do not see emerging market funds selling big time.
Concerns of a Trump victory have weighed heavily on the peso for months on his threats to rip up a free trade agreement with Mexico and tax money sent home by migrants to pay for building a wall on the southern US border.
Speaking to CNBC-TV18 Consulting Editor Udayan Mukherjee said that if Donald Trump goes on to win, I still hope there is a twist in the tale. If Trump wins, it is a black day, he said
The Indian rupee slipped in the early trade on Wednesday. It has opened lower by 18 paise at 66.80 per dollar versus previous close 66.62.
Nineteen states, including Andhra Pradesh, Assam and Gujarat, today raised Rs 26,390 crore through bond auction, the Reserve Bank today said.
As the countdown to the big verdict for US presidential election begins, a CNN poll of polls is giving a 4-point lead to Democrat Hillary Clinton. Market experts expect that Clinton‘s election to the post of US President will lead to a decent rally in the markets. They say Republican Donald Trump at the White House may bring down markets.
In an interview with CNBC-TV18, market expert Ashwani Gujral said that if tomorrow Hillary Clinton's win cannot give Nifty a 300 point move then probably the market has further lower levels to see before it bottoms out.
Asserting that global markets will react positively in case Clinton wins US presidential election, Christopher Palmer, Chief Investment Officer at Benson Avenue Capital, said that a divided House and Clinton win is best case scenario for markets.
The US market is seeing a shift in market dynamics and several factors lead to drug product pricing and there will be further pricing pressure over the next few years, said GSK Global Chief Executive Andrew Witty.
Donald Trump and Vermont Sen. Bernie Sanders ran on opposite sides of the populist fence, one a billionaire businessman trying to get government off people's backs and the other a renegade democratic socialist looking to rid the system of big money's corrupting influence.
Democratic presidential candidate Hillary Clinton is leading her Republican rival Donald Trump by four percentage points, a latest poll said today on the eve of the elections which would elect the next US president.
UN climate chief Patricia Espinosa told delegates in the rain-soaked Moroccan city of Marrakech that "no politician or citizen, no business manager or investor" can doubt that the world is determined to shift toward a "low-emission, resilient society."
If Trump does win, there could be a medium term upside for markets due to some of his policies. But in the short-term, market is going to see a 5-10 percent correction.
Munjal says the US presidential elections could go either way as both, Hillary Clinton and Donald Trump keep going ahead of each other in turns. Whoever wins, India's importance cannot be ignored and the country will not suffer if either of the candidates wins.