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Large precious metals speculators sharply added to their net long positions in the Silver futures market last week, according to the latest Commitment of Traders (COT) data. The non-commercial futures contracts of Silver futures, traded by large speculators and hedge funds, totaled a net position of 20926 net contracts in the data reported through week ended December 27, 2021. This was a fall of 5532 […]

This prestigious order also marks the official initiation of studies of the company’s Phys-chem vertical.

UK mortgage approvals declined to the lowest level in more than a year in November, while consumer credit increased at a faster pace, the Bank of England reported Tuesday. The number of mortgages approved in November declined to 66,964 from 67,103 in the previous month. This was the lowest since June 2020. The expected level was 65,400. Data showed that consumer credit increased by GBP […]

The Indian rupee on Tuesday slumped 29 paise to close at 74.57 (provisional) against the US dollar, tracking the strength of the American currency in the overseas market. Growing concerns over the Omicron variant of coronavirus and its impact on economic recovery as well as firm crude oil prices weighed on the local unit. At the interbank foreign exchange market, the local currency opened at […]

On 1 February 2022

WTI Crude oil consolidated above $76 per barrel today as steady global equities supported the sentiments. Asian stocks stayed largely supported though some selling was seen in Chinese market. Chinese benchmark Shanghai Composite index ended down 0.20%. Hong Kongs Hang Seng closed flat. Japanese Nikkei 225 spiked 1.77%. European stocks edged up modestly. The US stocks saw a sound start to the new year with […]

The Australian share market finished session higher in the 2022 first trading session on Tuesday, 04 January 2022, with risk appetite sentiment brightened by record-breaking advance on Wall Street and surge in commodity prices. The markets reaction to reports of local COVID-19 infections hitting a record high and hospitalisations rising due to the Omicron coronavirus variant was limited due to the Australian government remaining headstrong […]

The Mainland China share market finished session lower on Tuesday, 04 January 2022, as Beijings new cybersecurity rules overshadowed data showing signs of accelerating factory activity growth in December. At close of trade, the benchmark Shanghai Composite Index declined 0.2%, or 7.45 points, to 3,632.33. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 0.1%, or 2.44 points, to 2,527.70. The blue-chip […]

Domestic shares advanced for the third consecutive session on Tuesday, tracking strength in global stock markets. The Nifty ended above the crucial 17,800 mark. Banks and financial shares were in demand. On the other hand, metal, pharma and realty shares declined. Investors shrugged a steady rise in the number of fresh covid cases, as reports suggest lower impact of the new variant on economic recovery. […]

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