In May, 26 central banks hiked rates and 26 cut rates among 52 worldwide, ending two years of more cuts than hikes each month.
The last balance was in early 2021 before three years of restrictive policy. The gap peaked mid-2022, with 28 more hikes than cuts.
Last week, the European Central Bank raised rates by 25 basis points to 2.25%, its first hike since September 2023. On Tuesday, the Bank of Japan raised rates by 25 basis points to 1.0%, the highest since 1995.
These moves signal the start of a global tightening cycle.
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SOLUSD is showing strong bearish momentum on the daily chart after facing heavy rejection near the $97 resistance zone. Sellers completely dominated the market, pushing price back toward the important $80 support area.
Trade SOL on DeltaExchange: https://www.delta.exchange/?code=PVIXHL
Trade SOL on DeltaExchange: https://www.delta.exchange/?code=PVIXHL
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Delta Corp crashes 14%, Nazara slips 1.5% after Supreme Court upholds retrospective GST on online gaming
The dispute traces back to September 2023, when the Supreme Court stayed a Karnataka High Court order that had quashed a Directorate General of GST Intelligence (DGGI) notice seeking nearly Rs 21,000 crore in GST from Gameskraft
The dispute traces back to September 2023, when the Supreme Court stayed a Karnataka High Court order that had quashed a Directorate General of GST Intelligence (DGGI) notice seeking nearly Rs 21,000 crore in GST from Gameskraft
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Wall Street dumps crash hedges as most-shorted stocks jump 30%
A hot inflation reading this week — sending the annual gauge to its highest in about three years — landed alongside fresh strikes in the Persian Gulf and enduring expectations that the Federal Reserve may need to keep policy tight.
A hot inflation reading this week — sending the annual gauge to its highest in about three years — landed alongside fresh strikes in the Persian Gulf and enduring expectations that the Federal Reserve may need to keep policy tight.
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The US stock market witnessed mild volatility today as major indices traded slightly lower. The S&P 500 hovered near 7,550, the Nasdaq Composite slipped below 26,600, and the Russell 2000 remained under pressure as investors monitored economic data, interest rate expectations, and corporate earnings
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Vedanta stock falls 6% as promoter stake sale worth Rs 2,149 crore goes through via block deals
As many as 7.3 crore shares of Vedanta Ltd were sold in block deals at Rs 292 per share. While the identities of the buyers and sellers were not immediately known, market participants had expected the transaction to involve promoter stake dilution by Twin Star Holdings.
As many as 7.3 crore shares of Vedanta Ltd were sold in block deals at Rs 292 per share. While the identities of the buyers and sellers were not immediately known, market participants had expected the transaction to involve promoter stake dilution by Twin Star Holdings.
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