Market News 25/09/2024

Today’s Market News :

Brent Hovers Around $75/bbl, Ind Rpt Shows Falling US Crude & Fuel Inventories

* Gold Near Record High Level, At ‘2,662/oz, $ Index Softens To 100

* Spot Gold Hits All Time High $2,664/Oz, India Gold Hits All Time High Above ₹75,000/10 gm

* Asian Markets Open Higher, Hang Seng Up 2%, Nikkei, Kospi Rise Up To 0.3% Each

* GIFT Nifty Flat, Indicates A Muted-to-negative Start For Indian Market

Dow, S&P 500 hit record highs yet again.

* Nasdaq less than 4% from record high.

* All 3 US indices on track for a positive September.

* US September consumer confidence slips to lowest level in over 3 years.

* Asian markets largely rangebound; Hang Seng jumps over 2%.

* GIFT Nifty hints at a flat but negative start.

* 10-year yield hovers near the flatline at 3.7%.

* US Fed Governor Michelle Bowman: More measured approach was warranted on rate cut.

* Oil prices steady as China stimulus excitement fades, US stockpiles fall. 2979

* Middle East tensions, rate cut bets power gold to fresh record high.

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