2 دن پہلے
US equity funds log $31.44 billion outflow in week to September 18 as inflation and rate worries persist
US equity funds posted a fourth straight week of outflows in the week to September 18, with net redemptions totaling $31.44 billion, little changed from $32 billion the prior week. Investors turned cautious as higher crude oil prices stoked inflation worries and expectations of a Federal Reserve rate hike built ahead of its policy decision. Largecap, midcap and multicap funds saw outflows of $28.71 billion, $1.73 billion and $3.16 billion, respectively.
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2 دن پہلے
2 دن پہلے
Gold climbs ₹1,600 to ₹1,56,600 per 10 grams in Delhi; silver jumps ₹5,000 to ₹2,47,000 as crude eases
Domestic gold prices in India rose ₹1,600 to ₹1,56,600 per 10 grams, while silver gained ₹5,000 to ₹2,47,000 per kilogram as softer crude oil prices eased near-term inflation worries. Spot gold increased $50.96 to $4,392.78 an ounce, and silver rose 3.10% to $67.21 an ounce on stronger investor demand. Global holdings in gold-backed ETFs have risen 1.44 million ounces year to date to 100.39 million ounces.
2 دن پہلے
2 دن پہلے
U.S. diesel hovers near record $6.43 a gallon as Strait of Hormuz disruption keeps energy prices elevated
U.S. diesel prices remain near a record high at $6.43 per gallon, while regular gasoline averages $4.47. Energy prices have stayed elevated amid shipping disruption in the Strait of Hormuz and the Russia-Ukraine conflict. A national energy-aid group said households using heating oil could see winter bills rise by more than 31% year over year, and overall winter heating costs are expected to increase by more than 8.7%. Oil prices have eased slightly but are still above $100 a barrel.
2 دن پہلے
2 دن پہلے
Global equity fund outflows reach $23.21 billion in week through Sept. 16, the biggest in nine months
In the week through September 16, global equity funds saw net outflows of $23.21 billion, the largest in nine months. U.S. equity funds posted a fourth straight week of withdrawals, with $31.44 billion leaving. European equity funds recorded $295 million in net outflows, while Asian funds drew $6.26 billion in net inflows. Over the same period, global bond funds took in $855 million, their smallest weekly inflow since April.
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2 دن پہلے
2 دن پہلے
India doubles sugar stockholding limit for bulk users to 30 days ahead of festive season
India has raised the sugar stockholding limit for bulk consumers to 30 days from 15 days, but any additional stock must come from imported sugar under the Advance Authorisation Scheme or Tariff Rate Quota. Sugar bought from the open market remains capped at 15 days’ consumption. In August, retail sugar prices fell about 10% year on year to ₹58.50 per kg, while ex-mill prices dropped nearly 25%. The change is aimed at ensuring festive-season supply and keeping prices in check.
2 دن پہلے
2 دن پہلے
U.S. diesel hits record $6.29 a gallon, driving up farm and freight costs
U.S. diesel prices hit a record $6.29 per gallon this week, up 68% from a year earlier, pushing up farmers’ fuel and transport bills across the Midwest and California. Some producers say daily fuel costs for a combine have doubled to as much as $1,500. Freight costs are also rising, including a 40% to 120% year-on-year jump to move produce out of California, adding pressure to the food supply chain, according to Energy Information Administration data.
2 دن پہلے