EUR/USD
1.18337
0.178%
Gold
3657.03
-0.078%
Oil
63.269
-0.530%
USD/JPY
147.074
0.063%
GBP/USD
1.36327
0.068%
GBP/JPY
200.507
0.142%
Real-time News
On September 18, HDFC Securities CEO Dhiraj Relli stated that the Federal Reserves interest rate cuts could make emerging markets like India more attractive to yield-seeking investors, potentially driving capital flows back into these markets. Relli noted that rising valuation risk premiums due to geopolitical concerns and trade tensions have led foreign institutional investors to be cautious about Indian stocks. He added that a mutually beneficial trade negotiation solution with the United States would eliminate policy uncertainty and restore foreign institutional investors confidence in the Indian market. He expects an earnings recovery in the second half of fiscal year 2026, which in turn will boost Indian stock prices. He stated that Indias structural growth story is likely to remain intact, supported by factors such as growing middle-class consumption and a thriving startup ecosystem.On September 18th, the US dollar weakened across the board after the Federal Reserve cut interest rates, and the Japanese yen briefly rose. However, as traders digested the information and realized the Fed was more hawkish than the market was pricing in, the USD/JPY exchange rate ultimately erased all losses and surged. The dot plot shows that the FOMC, by a narrow majority, expects two more rate cuts in 2025, while the remaining officials expect only one or no cuts. Furthermore, the Fed projects one rate cut in 2026, while the market had been pricing in three before the decision. Furthermore, Fed Chairman Powell, calling the rate cut a "risk management" action, remained fairly neutral. Looking ahead, the key will be the data. Strong data could trigger a hawkish shift in interest rate expectations and support the US dollar. On the other hand, weak data could continue to put pressure on it. For the Japanese yen, the fundamentals have yet to materially change. The yens gains are primarily driven by market expectations of a dovish Fed. Tomorrows Bank of Japan interest rate decision is expected to keep rates unchanged, and its forward guidance is expected to impact the yen.Kuwaiti Oil Minister: If Russian oil is subject to sanctions, it is expected to have a positive impact on oil prices.On September 18th, European stocks generally opened higher, with the German DAX index rising over 1% and the Euro Stoxx 50 index rising nearly 1%. French, Spanish, and Italian stock markets also saw gains. Meanwhile, US stock index futures also rose, with S&P 500 futures up 0.5%. Investinglive, a well-known financial website, commented that the Federal Reserves interest rate decision on Wednesday wasnt overly dovish, but overall, it still offered some positive news for risky assets. As is often the case with the stock market, bargain hunters will, in one way or another, shift the market narrative in their favor. The key now lies in US data proving that the dovish market pricing in October and December was misplaced.Hong Kong stocks rebounded slightly, with the Hang Seng Tech Index narrowing its decline to less than 1%, after falling 2.5% earlier; the Hang Seng Index is now down 1.27%, while Pop Mart (09992.HK) bucked the trend and rose by more than 4%.
