On the back of an export boom in April, the Thai National Shippers' Council (TNSC) feels upbeat that the country's exports could rise by 10 – 15 percent this year.
Oil prices surged on demand optimism ahead of the latest OPEC meeting on Tuesday, while the pound hit a three-year high against the dollar over Britain's economic rebound but equities struggled with focus on upcoming US jobs data.
Read more about Best of BS Opinion: Distant thunder in world economy, rocket rupee & more on Business Standard. Here are the best of Business Standard s opinion pieces for Monday
FUNDAMENTALS U.S. gold futures fell 0.3% to $1,879 per ounce. The dollar languished near four-month lows against major currencies, making gold cheaper for other currency holders. [USD/] U.S. Treasury long-dated yields fell to two-week lows after a few Federal Reserve officials affirmed their support to keep monetary policy accommodative for some time. [US/] St. Louis Fed President James Bullard said he expects the inflation rate to be above 2% both this year and the next but several Fed officials, including Bullard, continued to support the central bank s policy in separate remarks. Some investors view gold as a hedge against higher inflation.
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