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The 19-commodity Thomson Reuters/Core Commodity CRB Index, a global benchmark for commodities, fell 0.1% before turning up 0.55% with a rise in oil prices. Notwithstanding the disappointing earnings report of Alcoa stirring earnings worries ahead of the reporting season, the...

Mr. Rohit Gadia, Founder & CEO, CapitalVia Global Research Limited said, RBI surprisingly cut repo rate by 50bps, a rate cut by 25bps was expected. “The proposal to reduce the risk weights on low-priced housing loans will incentivise the banks“, said Arundhati...

The Stoxx Europe 600 was up 2.5% midway through the European session, led by gains in energy stocks that were buoyed by steadying oil prices. DuPont’s shares soared on news that its embattled CEO would step down, while biotechnology companies sank again. Investors are...

All three major US indexes have gained since Friday when a weak U.S.jobs report led to expectations that the Federal Reserve would not raise interest rates this year, meaning the era of near-zero interest rates would continue. Stocks had trimmed a few of their gains earlier in...

The debt ceiling. On Thursday, Treasury Secretary Jacob Lew warned that the US would exhaust its ability to borrow on November 5 unless Congress increases the debt ceiling. Emerging economies such as Brazil and Turkey are struggling to grow at all.

In its third rate cut this fiscal (20 bps in April and 10 bps in June), Axis Bank cut its base rate to 9.50 per cent from 9.85 per cent. “The new rate will be with effect from October 5, 2015″.

United States stocks opened sharply lower following the jobs report, which one leading analyst labeled “decidedly bad”.

In a speech late Thursday, Fed Chair Janet Yellen, who spoke a week after the Fed delayed a long-anticipated rate hike, said she and other Fed policymakers do not expect recent global economic and financial market developments to significantly affect the central bank’s policy.

“Labor has reported a healthy average of 212,000 job gains a month this year, but advances in August slowed moderately to 173,000 – a drop that many economists attributed to a tendency for initial payroll estimates in August to be undercounted because of seasonal...

The jobless rate held steady at 5.1 percent but average hourly wages fell by a cent from August.

The jobless rate, which is derived from a separate survey of households, was unchanged only because 350,000 workers stopped looking for work last month and were no longer counted as part of the labour force.

Japan’s Nikkei was down 0.9 per cent, while Australia’s S&P/ASX 200 was 1 per cent higher with a burst of merger activity in the telecommunications sector.

The Dow Jones Industrial Average dropped as much as 259 points in early trade, but recovered somewhat to trade 62 points, or 0.4, higher at 16,335, with losses in financials including (http://www.marketwatch.com/story/ugly-jobs-report-is-punishing-financial-stocks-2015-10-02)J.P....

Axis Bank, private sector bank in India, reduced its base rate by 35 basis points to 9.50% with effect from October 05, 2015.

The newest report came just two weeks after the Fed decided that the economy’s advance was still too fragile to risk lifting interest rates from their near-zero level, even as it hinted that it might go ahead by December.