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Stocks mixed as US inflation

Stocks & rupees are falling as investors are concerned about US inflation

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US inflation

The NSE Nifty dropped 1.68 percent to 16,201.80 points. The rupee fell 0.1 percent to 77.84 per dollar at the close. US market indexes fell again on Friday as consumer inflation rose 8.6 percent in May, the highest pace since 1981, owing to a jump in fuel and food prices. Investors are afraid that central … Read more

Stocks mixed as US inflation bound to quadrennial high

by
US inflation

Stock markets divide on Tuesday as investors dissolve official data showing US inflation hit a quadrennial high in March, increasing expectations that the Federal Reserve will act more aggressively to break rates. Oil rates, meanwhile, rush as Shanghai started to ease Covid restrictions and the OPEC group of crude-producing nations let down its forecast for international … Read more

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