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Toronto stocks jump on optimism around US rate cut
By Nikhil Sharma (Reuters) -Canada’s main stock index rose over 1% on Monday in a broader rally led by technology and healthcare stocks, as investors looked forward to the U.S. Federal Reserve initiating a rate cut cycle in September. At 10:11 a.m. ET (14:11 GMT), the Toronto Stock Exchange’s S&P/TSX composite index was up 271.77
Franz Beckenbauer to be immortalised with street renaming near Allianz Arena
A street near Bayern Munich’s Allianz Arena will be renamed in honour of German football legend Franz Beckenbauer, who died in January, the Munich City Council announced on Thursday. The section of Werner Heisenberg Allee, which runs alongside the stadium in the northern part of the city, will be renamed Franz Beckenbauer Platz. The change
USD/INR remains stable due to rising likelihood of RBI intervention
The Indian Rupee maintains its position as traders expect RBI to intervene to support the domestic currency. The USD/INR pair could appreciate if Asian markets experience a decline due to rising concerns about the US economy. The US Dollar receives support due to rising doubts on the scale of the Fed rate cut in September.