TREASURY
Sensex soars 1,131 points, Nifty tops 22,800. 8 key drivers fueling this rally
Indian stock markets extended their gains with the Sensex closing at 75,301.26 and Nifty at 22,834.30, driven by financials, metals, and auto sectors. Factors such as strong global cues, China's stimulus measures, and a weak U.S. dollar contributed to the rally. Investors anticipate steady rates from the U.S. Federal Reserve, Bank of Japan, and Bank of England.
TRADING DAY-Flickering recovery snuffed out
U.S. stocks fell on Tuesday, driven by concerns ranging from President Trump's trade wars to Big Tech outlooks and geopolitical tensions. Gold surged to over $3,000 an ounce while major Wall Street indices dropped between 0.6% and 1.7%, reflecting investors' fragility and economic uncertainties ahead of the Federal Reserve's upcoming policy decisions.
What's behind the fiasco at IndusInd Bank?
The dent in its books was caused by a September 2023 RBI communique spelling out how banks should value derivatives. It said all derivatives must be marked to market (MTM), which requires valuing assets and liabilities according to prevailing market price.
These 8 banking stocks can give more than 22% returns in 1 year, according to analysts
This is something that might not be very obvious because the whole stock market has been under pressure. The fact, however, is that, leaving aside the IndusInd Bank episode, most banking stocks have been relative outperformers in the last six months of correction. In fact, the performance of banks like HDFC and Kotak suggest that the worst is probably over for the sector. There do not appear to be any stronger sellers in these stocks even when markets have been under pressure from bears. Time to focus on them once again?
US stock market today: Market sinks – Nasdaq, Dow Jones, S&P 500 tumble as Nvidia slides, Fed decision nears, Treasury yields surge – What’s next for investors?
US stock market fell on Tuesday as the Nasdaq dropped 1.9%, dragged down by tech giants like Nvidia and Tesla. The S&P 500 shed 1.2%, nearing correction territory, while the Dow lost 299 points. Investors are eyeing the Federal Reserve’s policy meeting for rate decisions. Meanwhile, rising Treasury yields, geopolitical tensions, and Nvidia’s AI conference added to market uncertainty.
Think your ATM withdrawals are private? Taking out $200 could now put you on the Federal Financial Surveillance radar in these American counties
The US Treasury's FinCEN has introduced a new regulation mandating reporting of cash transactions of $200 or more in seven US border counties. This rule aims to combat money laundering and drug cartels but raises privacy concerns. Financial institutions in these areas must now report such transactions to enhance oversight and security.
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Trump could delay reciprocal tariffs for countries that agree to halt practices the US deems 'unfair'
US Treasury Secretary Scott Bessent has announced that Washington may delay reciprocal tariffs for countries halting practices deemed unfair, with specific levies to be revealed on April 2. Bessent expressed optimism that some duties might be avoided through pre-negotiated deals or prompt talks.
With gold prices at all time-high, should you increase your allocation to gold, or is it time to scale back investments in the yellow metal?
Gold has recently shown stronger returns than equities, driven by trade tensions, inflation concerns, and central bank purchases. Data suggests that over the last 20 years, only 11% of stocks in the S&P 500 index have managed to outperform gold. But historical patterns also indicate towards gold’s limited long-term outperformance, as compared to equities. This is why investors should maintain a balanced portfolio with a prudent gold allocation of up to 20% for stability and growth.
Global rebound enters day two, Wall Street lags
Global equity markets rose as investors bought undervalued stocks. Momentum indicators showed Wall Street was oversold. Temporary truce prospects in the Ukraine-Russia conflict provided marginal support to risky assets. Despite the rebound, lingering trade war uncertainties and weak U.S. economic data warrant caution. Japan's economic landscape and U.S. consumer balance sheets are influencing market trends.
US stocks ticked higher after latest economic data
US stocks are steadier this Monday but concerns persist with the Federal Reserve's upcoming interest rate decision and ongoing trade tensions. The S&P 500, Dow Jones Industrial Average, and Nasdaq saw slight upticks. Treasury yields fluctuated, reflecting mixed economic confidence. European and Asian markets rose, with positive factory data from China sparking optimism.
Ride out the market turmoil? Not these investors
Retirees and investors are concerned about Trump's economic policies affecting the stock market. They are moving their savings from S&P 500 index funds to safer investments like bonds and Treasury funds. Despite financial advisers' advice to stay the course, some are taking action due to the uncertainty and volatility in the economy.
Not worried about market, corrections are healthy, says US Treasury Secretary
The selloff that took the S&P 500 Index into a correction last week came amid investor concerns about the economic effects of the Trump administration's moves around tariffs, immigration and cuts to the federal government. Losses in equity markets have deepened with mounting growth concerns and souring consumer sentiment.
Is US slipping into recession? Donald Trump's Treasury Secretary makes alarming remarks
U.S. stock markets closed down sharply last week amid mounting uncertainties arising from President Donald Trump's frequently shifting policies.
US IRS pauses modernisation investments to evaluate AI technology
The agency will review a number of technology modernisation initiatives that have been taken in recent years, including the new Direct File free filing system for tax returns that was launched last year under the Biden administration, the official told reporters.
The man who stood between Donald Trump and a recession is gone; who is he, will his absence trigger a downturn?
Social media platform X shows an unexpected nostalgia for former Treasury Secretary Steven Mnuchin. He was praised for his competent handling of the economy and market stability during his tenure. Current challenges and market uncertainties have led to a longing for Mnuchin's steadiness. His successor, Scott Bessent, has yet to gain similar confidence from investors.
RBI's 8-day VRR auction sees tepid demand, likely due to tenor
The Reserve Bank of India conducted an eight-day variable rate repo auction. It offered to infuse Rs 1 lakh crore but received bids for only Rs 9,860 crore. Treasury executives attributed this to the tenure of the operation. The RBI aimed to inject liquidity due to expected tax outflows and other factors.
UK economy unexpectedly shrinks in January, in blow to Treasury chief ahead of key statement
The British economy shrank by 0.1% in January, raising pressure on Treasury chief Rachel Reeves. The decline was mainly due to bad weather impacting manufacturing and construction, though services showed strong performance. Prime Minister Keir Starmer prioritizes growth, while Reeves faces criticism ahead of a budget statement expected to include spending cuts.
What if DOGE doesn’t actually save any money?
Despite the Trump administration's claims of significant spending cuts, federal expenditure has been rising since January 2025. The Department of Government Efficiency, led by Elon Musk, faces challenges as expected cuts and layoffs haven't substantially decreased overall spending. Critics question the sustainability and effectiveness of these measures.
Gold hits fresh record as US recession fears stoke safe haven demand
Gold surged to a historic high, reaching $2,990.21 an ounce, driven by fears surrounding U.S. growth due to aggressive tariff policies and weak inflation data. Investors flocked to safer assets as economic concerns heightened, with expectations for further gains in the precious metal.
Asian stocks retrace early losses as trade war escalates on new tariff threats; S&P 500 in correction zone
Asian equities rebounded and US equity futures climbed as a US government shutdown was averted. The S&P 500 hit a six-month low, and Treasuries held steady. Avoiding the shutdown eased market uncertainties, which were heightened by ongoing trade-war tensions under President Trump.
US judge orders Trump administration to reinstate thousands of fired workers
The ruling made by U.S. District Judge William Alsup in San Francisco during a hearing applies to the U.S. Department of Defense, Department of Veterans Affairs, Department of Agriculture, Department of Energy, Department of Interior and the Treasury Department.
US corporate bond spreads hit widest in about 6 months on recession fears
The widening yield spreads between corporate bonds and U.S. Treasuries signal growing investor concerns over a potential recession and a global trade war.
Dollar bounces on rise in yields as trade war roils markets
The U.S. dollar saw a slight rebound on Thursday due to a rise in Treasury yields amidst global trade tensions and recession fears. Investors remain cautious about U.S. inflation and economic activity, driven by unpredictable trade policies, with currencies trading in tight ranges and markets experiencing volatility.
Recession alarm? It's not in the collective wisdom of markets even amid Trump's sweeping actions
President Trump's sweeping government transformation includes slashing spending, expanding tariffs, and rewriting tax rules, leading to economic uncertainties. Market indicators such as Treasury yields, credit spreads, and stock prices suggest a slowing economy but not a deep recession. Markets hint at a softer job market, stable inflation, and moderately lower mortgage rates.
Who is Scott Bessent, Donald Trump's Treasury chief
Scott Bessent, a prominent Wall Street investor, has been confirmed as the US Secretary of the Treasury, making history as the first openly gay cabinet member in a Republican administration. With 40 years of global investment experience, Bessent faces challenges in handling US-China relations and fiscal policies, while prioritizing economic growth and stability.
Another sea of red as tariffs trump ceasefire hopes
Wall Street struggles to recover from recent losses despite potential Russia-Ukraine ceasefire news, with President Trump's tariff hikes on Canada adding pressure. Major indexes hit five-month lows and the market faces increasing uncertainty, affecting spending, investment, and sentiment.
Indian bond yields track US peers lower, state debt sale in focus
Indian government bond yields dipped slightly due to a sharp decline in U.S. Treasury yields, but the impact was limited due to expected heavy supply from states. The benchmark 10-year yield adjusted to 6.6960%. Treasury yields declined after President Trump's comments raised recession concerns. Indian states plan to raise 495.
Bond traders sound alarm as Trump’s policies stoke recession, rate cut fears
Bond traders are increasingly concerned about U.S. economic growth due to President Trump's tariff policies and federal workforce cuts. Expectations for economic expansion are fading, leading to lower two-year Treasury yields and speculation of possible Federal Reserve interest rate cuts to prevent a downturn.
Trump's DOGE: Where the Musk effort is restricted and where it's not
Elon Musk’s Department of Government Efficiency project faces multiple lawsuits over access to Americans' personal and financial data. Federal judges have restricted access at Treasury, Education, and the Office of Personnel Management. Over 110 lawsuits challenge DOGE's transparency and Musk’s role, alongside deep spending cuts and workforce reductions across various US agencies.
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