Foreign investors have stepped up purchases in a clutch of Indian government bonds that have no limits on foreign investments ahead of an anticipated inclusion of Indian debt in global bond indexes, analysts said.
Oil prices inched lower on wednesday on concerns of another U.S. Federal Reserve Interest Rate hike next week after consumer prices unexpectedly rose in August, outweighing support from a robust OPEC oil demand growth forecast
Gold prices held just above the $1,700 mark on wednesday, remaining under pressure after stronger than expected u.s. inflation data pointed to more dollar strength in the coming weeks
Asian shares extend global selloff amid bets on more aggressive Fed
Asian shares tumbled, the dollar held firm and two-year Treasury yields hit a new 15-year high on Wednesday, as a U.S. inflation report dashed hopes for a peak in inflation, fuelling bets rates may have to be raised higher for longer.
Dollar pushes towards fresh 24-year peak versus yen after U.S. CPI shock
The dollar climbed close to a 24-year peak against the yen on Wednesday amid a jump in U.S. yields after hotter-than-expected inflation boosted bets for even more aggressive monetary tightening by the Federal Reserve next week.
FINANCIAL MARKETS ARE NOW PRICING IN THE POTENTIAL FOR A 100 BASIS-POINT INTEREST RATE HIKE BY THE FEDERAL RESERVE NEXT WEEK, AFTER U.S. CPI INFLATION CAME IN HIGHER THAN EXPECTED FOR AUGUST.
Thai consumer confidence rose for a third straight month in August, reaching a seven-month high, bolstered by improved economic activity following government support measures and easing of COVID-19 curbs, a survey showed on Tuesday.