Nifty Hits April Low as Oil and US Yields Bite
The Nifty 50 closed at its lowest since April as expensive crude and rising US yields added pressure. Here is what Indian investors should watch next.
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The Nifty 50 closed at its lowest since April as expensive crude and rising US yields added pressure. Here is what Indian investors should watch next.
The 10-year Treasury yield reached its highest level since 2007, raising borrowing-cost concerns as investors await the Federal Reserve’s decision.
Surging oil prices are reviving inflation fears and rate-hike bets before the Fed decision, putting US stocks, bonds, gold and the dollar on alert.
Gold has fallen to a two-week low as higher Treasury yields and a stronger dollar turn attention toward US jobs data and the Federal Reserve.
The Dow fell 700 points as rising Treasury yields overwhelmed short-lived relief from planned debt buybacks, renewing pressure on US stock valuations.
Gold is nearing $4,400 as softer US activity, falling Treasury yields and a weaker dollar reshape expectations for rates and safe-haven demand.
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