Dollar Surges Higher, Pound Retreats as BOE Relief Doesn’t Last

By Peter Nurse – The U.S. dollar resumed its seemingly relentless march higher in early European trading Thursday, while sterling slumped as the relief rally attached to the Bank of England’s intervention into the bond market dissipated. At 03:10 ET (07:10 GMT), the , which tracks the greenback against a basket of six other … Read more

Govt Bond Yield Surges As US 10-Yr Yield Breaches 4% At Highest Since 2010

By Malvika Gurung — The Indian government bond yield surged almost 1% on Wednesday, following the benchmark US 10-year Treasury yield rallying to its highest level in over 12 years amid concerns of a global economic slowdown intensifying as investors digested the US Fed’s ultra-hawkish monetary tightening policy. India’s rose 0.65% to 7.339% at … Read more

Ruble Surges to Two-Month High as Demand for Cash Explodes

By Geoffrey Smith — The Russian surged nearly 3% against the dollar on Friday amid a surge in demand for cash, as Russians emptied their savings accounts in the wake of Wednesday’s mobilization call by President Vladimir Putin. The ruble rose 3% to trade at 57.08 against the dollar amid reports of a nine-fold … Read more

Yen Surges as Japan Intervenes in FX Market for First Time Since 1998 By

© Reuters By Geoffrey Smith — The surged as the Bank of Japan intervened to support it in the foreign exchange market for the first time since 1998, only minutes after signaling it still doesn’t want to tighten monetary policy. The Japanese currency bounced sharply from a 24-year low of 145.90 to the dollar, … Read more

Dollar Surges to Fresh 20-Year High on Hawkish Fed

By Ambar Warrick– The U.S. dollar jumped to a new 20-year high against a basket of currencies on Thursday, extending gains after the Federal Reserve raised interest rates and struck a more hawkish than expected tone in its latest meeting. The rose as much as 1% to 111.47, its highest level since June 2002, while … Read more

India Rich List 2022: Radhakishan Damani Ranks #5, Wealth Surges 13% in 1 Year

By Malvika Gurung — Ace investor Radhakishan Damani has climbed up two ranks and become the fifth richest person in India, as per IIFL Wealth Hurun India Rich List 2022 released on Wednesday. The 67-year-old investor and founder of the Mumbai-based retail chain Avenue Supermarts (NS:) has added Rs 1,28,800 crore to his wealth in … Read more

Market Brief: Nifty, Sensex Recoup Early Losses, VIX Surges, Nifty IT Tanks

By Malvika Gurung — The domestic market crashed on Wednesday amid glum cues from global markets after white-hot inflation in the US for August sent shockwaves across markets globally.  Indian equity benchmark indices and opened deep in red, shedding up to 1.3% each in early trade, as higher-than-expected US CPI data fuelled concerns of … Read more

Financial Heavyweight Stock Surges As Shares Trade Ex-Split & Ex-Bonus

By Malvika Gurung — Shares of the financial services heavyweight Bajaj Finserv (NS:) began trading ex-split and ex-bonus on Tuesday, a day ahead of its record date of two corporate rewards for its shareholders, announced a month back. The company’s shares zoomed past 8% in the early trade session today and were last seen trading … Read more

Gaming Stock Extends Multi-Day Rally, Surges 21% In 3 Sessions: Details

By Malvika Gurung — Shares of the gaming and sports media platform, Nazara Technologies (NS:) continued their upward rally for the third consecutive session on Monday, rising over 7% in early trade. The stock was last seen trading 5% higher at Rs 772/share and has zoomed 21% in the past three sessions. It has … Read more

Amylyx Surges on FDA Panel Backing, American Eagle Falls Post EPS By

© Reuters. Pre-Open Stock Movers: Amylyx Pharmaceuticals Inc (NASDAQ:) 75% HIGHER; announced today that the U.S. Food and Drug Administrations (FDA) Peripheral and Central Nervous System Drugs Advisory Committee (PCNSDAC) voted (7 yes votes and 2 no votes) that the available evidence of effectiveness is sufficient to support approval of AMX0035 (sodium phenylbutyrate and taurursodiol … Read more