Economic Outlook - The Bank of Canada is expected to cut its overnight rate by 25 basis points to 2.50% on September 17 due to a deteriorating labor market and weakening economic activity [1][3] - Economists predict at least one more rate cut in the next quarter, following a cumulative reduction of 225 basis points since March [1][3] Labor Market and Economic Activity - Official data revealed a loss of 65,500 jobs in August, raising the unemployment rate to a nine-year high outside of pandemic periods [2] - Economic activity contracted by 1.6% last quarter, influenced by U.S. tariffs on steel, aluminum, and automobiles, which has intensified expectations for rate cuts [2] Economists' Predictions - Nearly 80% of economists surveyed expect the Bank of Canada to implement a rate cut, a significant increase from 64% in a previous survey [3] - Only one of the big five Canadian banks, RBC, anticipates the Bank of Canada will hold rates, contingent on inflation data released prior to the meeting [5] Inflation Considerations - Headline inflation has remained within the Bank of Canada's target range of 1% to 3% since January 2024, but core inflation remains elevated [5] - A majority of economists predict the Bank of Canada will lower rates by at least 50 basis points this year, with some expecting cuts of up to 75 basis points [6]

Market Performance - Equity benchmark indices Sensex and Nifty surged, with Sensex rising 355.97 points (0.44%) to 81,904.70 and Nifty increasing 108.50 points (0.43%) to 25,114, marking an eighth consecutive day of uptrend [1][3][4] - The Indian market closed at a three-week high, driven by global optimism regarding a potential US Federal Reserve rate cut and progress in US-India trade talks [6] Sector Performance - Key gainers in the Sensex firms included Bharat Electronics, Bajaj Finance, Bajaj Finserv, Axis Bank, Maruti, and Tata Motors, while major laggards were Eternal, Hindustan Unilever, Trent, and Titan [4] Foreign Investment Activity - Foreign institutional investors (FIIs) sold equities worth ₹3,472.37 crore, while domestic institutional investors (DIIs) purchased stocks worth ₹4,045.54 crore [7] Global Market Context - Asian markets showed mixed results, with South Korea's Kospi, Japan's Nikkei 225, and Hong Kong's Hang Seng closing positively, while Shanghai's SSE Composite index ended lower [6] - Global oil benchmark Brent crude increased by 0.47% to $66.72 per barrel [8]

Core Viewpoint - The Hong Kong property sector is showing signs of recovery, with expectations of increased investor interest in distressed assets and improving home sales as interest rate cuts are anticipated [1][5]. Group 1: Market Conditions - The real estate industry in Hong Kong has faced significant challenges, with many listed property developers renegotiating loan terms [2]. - Property prices peaked before a downturn that began in 2019, with a 28.4% decline in housing prices as of March this year compared to the all-time high in September 2021. However, prices have increased for four consecutive months up to July, reducing the year-to-date decline to 0.45% [4]. - The average sell-through rate for new residential projects has been between 20% and 70%, with only developers with strong brand recognition able to sell out their inventory [6]. Group 2: Future Outlook - There is potential for the Hong Kong property market to return to previous highs if the Chinese economy experiences significant growth, although this may require patience [3]. - The current inventory of unsold flats is equivalent to 14 to 15 months of sales based on the last year's average monthly sales, indicating a supply issue that typically sees rising prices when supply is below 10 months [7]. - The US Federal Reserve is expected to implement a quarter-point rate cut, which would likely lead to similar actions by Hong Kong's monetary authority, alleviating pressure on commercial property owners and encouraging homebuyers [5].

Core Viewpoint - Stock futures experienced a slight decline on Friday morning following new highs on Wall Street, driven by cooling jobs data and mild inflation, which bolstered confidence in a potential interest rate cut by the Federal Reserve at the upcoming meeting [2] Group 1 - Wall Street reached fresh highs, indicating a strong market performance [2] - Cooling jobs data suggests a slowdown in employment growth, which may influence monetary policy [2] - Mild inflation levels are contributing to the expectation of interest rate cuts by the Federal Reserve [2]

CONCLUDED Stock Market News From Sept. 12, 2025: Dow Slips After Hitting Record High Last Updated: 14 hours ago Gold Set for Fourth Weekly Gain on Fed Easing Bets By Giulia Petroni, Dow Jones Newswires Gold prices are poised for a fourth straight weekly gain on expectations that the Federal Reserve will cut interest rates Wednesday. Futures rose 0.4% to $3,689.80 a troy ounce in early trade and are up 1% on the week. Markets are pricing in a 25-basis-points cut next week and potentially further easing by ye ...

Market Overview - Asian shares rose, influenced by Wall Street's record-setting performance, as mixed U.S. data increased expectations for a Federal Reserve interest rate cut to stimulate the economy [1][3] - Japan's Nikkei 225 reached an intra-day high, rising 0.9% to 44,781.09, with notable gains in semiconductor companies like Tokyo Electron and Sony Group [2] - The S&P 500 increased by 0.8%, marking an all-time high for the third consecutive day, while the Dow Jones Industrial Average surged 617 points (1.4%) and the Nasdaq composite rose 0.7% [4] Economic Indicators - A report indicated that U.S. inflation rose by 2.9% in August compared to the previous year, slightly up from July's 2.7% rate, which may influence the Fed's decision on interest rates [6] - The job market's performance is seen as a critical factor for the Fed, with a need for it to weaken enough to justify a rate cut without triggering a recession [5] Sector Performance - Stocks of companies likely to benefit from lower interest rates, such as real estate and homebuilders, experienced rallies on Wall Street [7] - In Asian markets, Hong Kong's Hang Seng index rose 1.5% due to reports of potential state bank support for local governments, while the Kospi in Seoul climbed 1.3% [2]

Market Overview - Equity benchmark indices Sensex and Nifty experienced gains in early trade, driven by a global market rally and increasing expectations of a US Federal Reserve interest rate cut next week [1][3] - The BSE Sensex rose by 287.93 points to reach 81,836.66, while the NSE Nifty increased by 84.25 points to 25,089.75 [1] Company Performance - Infosys saw a 1.50% increase after announcing its largest-ever share buyback program valued at ₹18,000 crore [1] - Other gainers included Tata Motors, Maruti, Mahindra & Mahindra, Axis Bank, and Larsen & Toubro, while Hindustan Unilever, HDFC Bank, State Bank of India, and Titan were among the laggards [2] Investment Sentiment - The global stock markets are showing resilience, bolstered by new records in the US market, with bullish sentiments driven by anticipated rate cuts from the Fed [3] - A significant rise in demand for consumer durables, particularly automobiles, is expected to dominate economic news post-September 22nd, providing positive sentiment to the market [3][4] Institutional Activity - Foreign institutional investors (FIIs) sold equities worth ₹3,472.37 crore, while domestic institutional investors (DIIs) purchased stocks worth ₹4,045.54 crore [4] Oil Market - The global oil benchmark Brent crude decreased by 0.87% to $65.79 per barrel [4]

Market Overview - Bitcoin has experienced a bullish trend, reaching a 19-day high, attributed to cooler inflation data ahead of the Federal Reserve's rate cut decision [1][2] - Bitcoin's price increased by 1.5% in the last 24 hours, trading at $115,680 after peaking above $116,300 [1] Economic Indicators - The U.S. Producer Price Index (PPI) unexpectedly fell by 0.1% in August, marking the first decline since April, driven by lower prices for unprocessed goods and easing service costs [2][3] - The market anticipates a high probability of a rate cut by the Federal Reserve, with a 92.7% chance of a 25 basis point cut according to CME's FedWatch tool [3] Future Outlook - Experts predict a significant surge in Bitcoin prices towards the end of the year as the Federal Reserve begins its rate-cutting cycle [4] - On-chain data indicates that selling pressure from profit-taking has diminished, leading to a bullish sentiment in the market [4] Altcoin Performance - While Bitcoin reached a 19-day high, key altcoins like Ethereum, XRP, and Solana have shown only single-digit gains, whereas Dogecoin and Hyperliquid have surged by 25% and 23% respectively in the past 24 hours [5]

Market Overview - GIFT Nifty indicates a positive start for Dalal Street, trading higher by 76.5 points, or 0.30%, at 25,182.50 [1][12] - Indian equity markets have shown positive momentum for the seventh consecutive day, driven by easing India-US trade relations and expectations of a US Federal Reserve rate cut [12] US Market Performance - Wall Street's main indexes reached record-high closes, supported by gains in Tesla and Micron Technology, alongside favorable inflation and jobless data that suggest a potential interest rate cut by the Federal Reserve [2][12] - The S&P 500 rose by 0.85%, Nasdaq increased by 0.72%, and Dow Jones climbed by 1.36% [5] Asian Market Trends - Asian shares experienced gains, joining a global equity rally following tame US inflation data and cooling job numbers, which bolster expectations for a Federal Reserve rate cut [3][12] Commodity Prices - Gold prices increased, marking a fourth consecutive weekly gain, driven by concerns over a weakening US labor market overshadowing inflation worries ahead of an anticipated Federal Reserve rate cut [7][12] - Oil prices declined due to concerns about softening US demand and oversupply, despite worries about supply disruptions from geopolitical conflicts [8][12] Foreign Investment Activity - Foreign portfolio investors (FPIs) net sold shares worth Rs 3,472 crore, while domestic institutional investors (DIIs) were net buyers at Rs 4,046 crore [10][12] - The position of FIIs in the futures market decreased from a net short of Rs 1.86 lakh crore to Rs 1.82 lakh crore [12] Currency Movement - The Indian rupee fell by 24 paise, closing at an all-time low of 88.35 against the US dollar, influenced by ongoing tariff issues between India and the US [11][12]

Core Viewpoint - The Central Reserve Bank of Peru has cut interest rates to the lowest level since 2022, reducing the benchmark rate to 4.25% from 4.5% due to an unexpected drop in inflation [1][2]. Economic Indicators - Consumer prices in Peru rose by only 1.11% in August year-over-year, marking one of the slowest inflation rates among major emerging markets and nearing the lower end of the central bank's target range [3]. - Strong economic activity was reported, with a 4.5% expansion in June compared to the previous year, which may limit the potential for further rate cuts [4]. Central Bank's Position - The central bank indicated that the current interest rate is close to its estimated neutral level and forecasts inflation to be near the center of its target range by the end of the year [2]. - The key rate in Peru is now aligned with the lower end of the range set by the US Federal Reserve, which may create caution regarding further reductions in rates due to potential capital outflows [3].