According to Reuters reporting, the Indian rupee is set to open modestly stronger in a 95.75-95.80 per dollar range on Friday, September 18, finding relief from a retreat in oil prices and anticipated foreign portfolio inflows linked to a major initial public offering. Reuters reporter Jaspreet Kalra noted that despite Friday’s projected uptick, the currency … Read more
Brent crude futures dropped 19 cents to $105.64 a barrel, while U.S. West Texas Intermediate futures fell 33 cents to $102.10 a barrel, following steeper declines of about $3 the previous day. Saudi Arabia Rutes Cargoes Through Oman To offset the impact of recent attacks on its East-West pipeline, Saudi Arabia is offering additional crude … Read more
Wall Street indexes rose on Wednesday, driven by the Nasdaq outperforming its peers as upbeat earnings from artificial intelligence infrastructure firms boosted technology stocks, while largely in-line inflation data reinforced market bets that the U.S. Federal Reserve will hold interest rates steady, according to Reuters reporting. AI Infrastructure Earnings Drive Nasdaq Gains The Nasdaq Composite … Read more
Wall Street closed lower as climbing crude oil prices driven by Middle East tensions and a massive share sale by Intel weighed on investor sentiment, according to Reuters. The S&P 500 declined 0.06% to finish at 7,753.12 points, while the tech-heavy Nasdaq Composite dropped 0.32% to 26,605.36 points, and the Dow Jones Industrial Average slipped … Read more