Dhaka, Bangladesh (BBN) – The Bangladesh Business News prepared Wednesday’s midday business round up compiling reports, published by different local and international newspapers and news portals.
Bangladesh’s stocks turn positive at midday
Bangladesh’s stocks turned positive at midday on Wednesday as some investors are showing their buying spree on sector-wise large-cap stocks.
Indian rupee, bonds fall as retail inflation hits 15-month high
The benchmark 10-year bond fell sharply, sending the yield up 6 basis points, while the rupee and shares weakened on Wednesday after higher-than-expected consumer price inflation data raised worries about potential central bank rate hikes.
Oil & gas, consumer durables stocks push Sensex up 109 points
The benchmark BSE Sensex wiped off its initial losses and was trading up by over 120 points on heavy buying in oil & gas, consumer durables, TECk and PSU stocks. However, metal and realty stocks succumbed to selling pressure.
Asia markets tread water ahead of Fed decision
Asian markets were mixed in Wednesday trading as investors awaited the conclusion of the Federal Reserve’s two-day policy meeting and the dollar edged down following a projected Democrat win in Alabama.
Gold prices hold steady, focus shifts to Fed meeting outcome
Gold traded within a range on Wednesday after hitting the lowest in nearly five months in the previous session, with investors in a holding pattern ahead of the outcome of a two-day meeting of the U.S. Federal Reserve.
Oil prices recover on big US crude stock drawdown, pipeline shutdown supports
Oil prices rose on Wednesday as industry data showed a larger-than-expected drawdown in U.S. crude stockpiles, while expectations for an extended shutdown of a major North Sea crude pipeline also continued to bolster markets.