U.S. bank stocks rose in premarket trading on Thursday, a day after the Federal Reserve cut interest rates by 50 basis points, which is expected to reduce deposit costs and alleviate pressure on borrowers.
The U.S. dollar dropped on Thursday after the Federal Reserve cut its interest rate by 50 basis points and revised its monetary policy outlook, with the Australian dollar and the Norwegian crown outperforming their peers.
A reported decision by the Organization of the Petroleum Exporting Countries and its allies to delay the beginning of a tapering in voluntary output cuts, along with ongoing supply losses in Libya, is predicted to contribute to a oil market deficit of around 0.4 million barrels per day in the final three months of 2024,…
Bitcoin’s price rose on Thursday after the Federal Reserve cut interest rates by a wide margin and signaled the beginning of an easing cycle, although further gains were limited by a less dovish outlook.
Falling stocks outnumbered advancing ones on the India National Stock Exchange by 1840 to 627 and 109 ended unchanged; on the Bombay Stock Exchange, 2639 fell and 1168 advanced, while 91 ended unchanged.
