The U.S. dollar showed resilience against the Vietnamese dong Wednesday morning, even as it traded at a one-week low against major world currencies.Vietcombank set the greenback at a steady VND26,446, while in the informal market, it remained unchanged at around VND26,620. Meanwhile, the State Bank of Vietnam adjusted its rate down by 0.008%, bringing it to VND25,192.On the global stage, the dollar lingered near a one-week low, with tensions rising as the U.S. government shutdown commenced, delaying vital j ...

Inflation in the current financial year and the next financial year (FY27) is likely to be much lower than the Reserve Bank of India's (RBI) projections, according to a report released by the State Bank of India (SBI). The report highlighted that several domestic factors are working in favour of easing price pressures. These include healthy progress of the monsoon, higher kharif sowing, adequate reservoir levels, comfortable buffer stock of foodgrains, and the most significant factor, GST rate rationalizati ...

Key TakeawaysThe UK government plans to exempt shares of newly-listed companies from stamp duty, a move aimed at boosting London's appeal as a financial hub.Intel (INTC) shares surged 6% to $35.60, driven by increased trading volume, indicating strong investor interest.Former U.S. President Donald Trump criticized Federal Reserve Chair Jerome Powell, labeling him an "obstructionist" on Truth Social, potentially signaling future monetary policy clashes.Volkswagen of America reported a 6% year-on-year decline ...

U.S. stock markets are demonstrating a remarkable resilience at midday on Wednesday, October 1st, 2025, largely shrugging off the impact of a fresh government shutdown and weaker-than-expected employment data. While futures initially dipped on the news of the shutdown, major indexes have pared early losses, with some even turning positive, as investors assess the broader economic landscape and upcoming policy decisions. This midday momentum suggests a market accustomed to political gridlock, though underlyi ...

A Labor Department report released on Tuesday showed that the U.S. JOLTs job openings rose to 7.227 million in August, stronger than expectations of 7.190 million. Also, the U.S. July S&P/CS HPI Composite - 20 n.s.a. eased to +1.8% y/y from +2.2% y/y in June (revised from +2.1% y/y), stronger than expectations of +1.7% y/y. At the same time, the U.S. Conference Board’s consumer confidence index fell to a 5-month low of 94.2 in September, weaker than expectations of 96.0. In addition, the U.S. Chicago PMI un ...

Susan Collins, president of the Federal Reserve Bank of Boston, speaks during the National Association of Business Economics (NABE) economic policy conference in Washington, DC, US, on Thursday, March 30, 2023.Boston Federal Reserve President Susan Collins on Tuesday expressed support for the recent interest rate cut, but showed some skepticism on the extent of future moves as she sees continued threats from inflation.Speaking in New York, the central bank policymaker noted risks to both higher inflation an ...

The Reserve Bank of India’s interest rate decision on Wednesday will likely be a close call, with policymakers facing multiple reasons to lower borrowing costs as inflation stays low and economic growth takes a knock from high US tariffs.While a majority of economists — 24 of 39 surveyed by Bloomberg News — predict the repurchase rate will remain on hold at 5.5%, 15 expect a quarter-point reduction, citing India’s darkening growth prospects. Even many of those forecasting a hold say there’s justification to ...

The yield on the 10-year benchmark note was at 6.5483% as of 10:00 a.m. IST on Tuesday, after ending at 6.5547% in the previous session. "We do not think there should be any selling pressure today, and bonds will remain steady, with closing for the benchmark eyed around 6.53%-6.54%," a trader with a state-run bank said. A majority of respondents in a Reuters poll expect the "We believe there are enough reasons for the RBI to depart from its recent guidance, deliver further 25 bps easing in October, and ad ...

FRBSF Economic Letter 2025-22 | September 29, 2025Moving steadily through change takes intention, commitment to one’s goals, collecting evidence, and deciding. And most of all, it takes a commitment to be willing to repeat the process of anchoring, assessing, and deciding each time a new change comes along. The following is adapted from remarks presented by the president of the Federal Reserve Bank of San Francisco at the Spencer Fox Eccles Convocation at the David Eccles School of Business, University of U ...

By Lewis Krauskopf (Reuters) -TRADING DAY Making sense of the forces driving global markets By Lewis Krauskopf, Markets Reporter Jamie is enjoying some well-deserved time off, but the Reuters markets team will still keep you up to date on what's happening in markets. The spectre of a U.S. government shutdown loomed large across asset classes, with the Tuesday midnight deadline for an agreement little more than 24 hours away. I'd love to hear from you, so please reach out to me with comments at . Tod ...