Stocks Get Boost From Rising Chances of Fed Cut; Dollar Steady

Stocks Get Boost From Rising Chances of Fed Cut; Dollar Steady

Asian forex recovers from recent losses

The yuan firmed slightly, with the USD/CNY pair dropping 0.1%, while the yen’s USD/JPY pair steadied above 156 yen Most Asian currencies firmed slightly on Tuesday. Currencies recovered a measure of recent losses as markets reversed course and began aggressively pricing in a December rate cut in U.S. But this notion had a limited impact on the dollar, especially as concerns over fiscal health in some countries kept traders pinned to the dollar. …

HDFC AMC 1:1 bonus issue: Stock nears record date. Do you own?

Investors have a final chance today to buy HDFC AMC shares for a bonus issue. The company is offering one new share for every existing share held. This corporate action aims to increase liquidity and lower the per-share price. The stock has shown strong performance over the past year. However, recent periods indicate a cooling phase.