Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
NSE close · Thu, 1 OctNifty 5022,421.95▼ 0.88%Nifty Bank54,450.75▼ 0.33%Midcap 10058,732.00▼ 1.01%Smallcap 25017,589.05▼ 1.18%India VIX14.46▲ 7.19%IT28,304.70▲ 2.17%Auto25,384.95▼ 3.46%Pharma26,311.55▼ 0.48%FMCG43,789.85▼ 1.61%Metal12,460.70▼ 2.35%Realty835.00▼ 1.46%Energy36,388.15▼ 0.68%PSU Bank7,937.80▼ 0.98%Financials24,556.10▼ 0.38%Media1,546.30▼ 2.33%Defence9,142.55▼ 1.45%Durables35,927.80▼ 1.91%Biggest movesMONEYVIEW▲ 58.5%MOLBIO▲ 15.6%THOMASCOTT▲ 12.3%AUGMONT▲ 10.0%HEROMOTORS▲ 10.0%VIVIANA▲ 10.0%LOKESHMACH▲ 9.5%ANAWIL▼ 11.0%
Topic
US Treasuries▼ −36% net tone today
- The US 10-year Treasury yield surged to a 24-year high, rattling Indian markets
- Indian government bonds fell as US Treasury yields rose and supply increased ahead of the RBI meeting
- The 30-year US Treasury yield climbed to 5.683%, a 24-year high
Stories per day
1127 Sept
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Nifty earnings lag GDP growth and weighing on equities, shows data
- Nifty and Sensex ended September lower despite GDP growth of 7.8 per cent
- Rising US Treasury yields and lagging earnings weighed on equities
- Weak earnings pressure Indian equities, while rising US yields can weigh on rate-sensitive stocks
US yields rise, reversing initial reaction to weak jobs report
- US yields rose, reversing their initial reaction to the weak jobs report
Treasuries are losing their moneyness
- The report argues US Treasuries may be losing their long-standing role as both securities and money
Gold slips before US payrolls data, set for second weekly loss
- Gold prices are poised for a second consecutive weekly decline amid a stronger US dollar and rising Treasury yields
- Gold weakness can reduce collateral values for Indian gold-loan lenders
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D-Street logs longest spell of week slump in 25 years
- D-Street’s week-long slump is its longest spell in 25 years
- Surging US bond yields helped drive a record selloff in the Sensex and Nifty
- The selloff directly affects Indian equity investors across sectors
Rupee sinks to 96.31, logs biggest fall in over 2 months
- The rupee fell to 96.3150 against the US dollar, its biggest drop in over two months
- The decline was attributed to escalating US bond yields
- A weaker rupee raises import costs for Indian companies and can weigh on foreign investor returns
Fed's Logan says rate hikes of 50 bps or more may be needed to cool inflation
- Logan said rates need to rise 50 bps or more to cool inflation
- She noted the run-up in US Treasury yields
- Higher US yields can pressure the rupee and foreign flows into Indian equities
Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
- Oil prices stayed elevated amid a widening military buildup
- Higher yields and elevated crude may pressure Indian equities and raise costs for oil-sensitive sectors
The secret signs the bond sell-off might be ending
- An options bet involving the utility sector could signal a peak in bond yields
- A shift in global yields can affect Indian bond yields and rate-sensitive stocks
High Government Debt Is Adding Fuel to the Global Bond-Market Selloff
- Oil prices are pushing rates higher, while high government debt adds risk to the global bond selloff
- Higher global yields may pressure Indian government bonds and rate-sensitive stocks
Data●
U.S. added just 29,000 jobs in September, with unemployment rate rising to 4.2%
- The US added 29,000 jobs in September and unemployment rose to 4.2%
- Traders priced a 23% chance of a second Fed rate hike at its policy meeting later this month
- US rate expectations influence foreign flows into Indian equities and funding conditions for Indian companies