The US Fed Reserve does not need to raise its benchmark interest rate much further given how close it is to the neutral rate, St. Louis Fed President James Bullard said.
NSE benchmark Nifty rose 30 points to end at 10,124.35 today following value buying in IT, infra, pharma and auto sectors.
Britain’s FTSE index was Europe’s best performer, with banks leading the gains after a small slowdown in inflation that was unlikely to deter the BoE from raising rates.
The Federal Reserve fined five large US banks a combined $35.1 million to settle cases of mortgage servicing flaws dating back to 2011.
In the week wherein RBI kept the key policy rates unchanged Indian markets bounced back to gain the lost ground. Events this week that will guide the markets:
Euro zone inflation undershot expectations in September, highlighting that price growth remained week and supporting the ECB’s case for only gradual removal of stimulus.
Indian economy will receive a fiscal stimulus soon on account of the government's desperate attempt to reverse the country's dipping growth rates.
Oil has been on a wild ride down this week - and with hours to go for the Federal Reserve meet,