BLOOMBERG India’s National Stock Exchange (NSE) is planning to offer derivatives based on its bond indexes, according to people familiar with the matter, as it seeks attract more investors to its platform. The NSE has already applied to the Securities Exchange Board of India for approval and is aiming to launch the corporate debt product by September, the people said. ...

BLOOMBERG Jerome Powell will be in the Capitol Hill spotlight a week after the Federal Reserve paused its most aggressive tightening campaign in decades, with investors watching for clues on whether central bankers are indeed leaning toward further interest-rate hikes. The Fed chair will deliver the central bank’s semi-annual monetary policy report to the House on Wednesday and the Senate ...

BLOOMBERG The bull-market rally in US stocks is about to run out of steam, according to Citigroup. Strategists at the bank led by Scott Chronert reiterated their call for the S&P 500 Index to tumble to 4,000 by year-end, and initiated a new target of 4,400 by mid-2024, or just below June 16’s 4,410 close. A lack of concrete earnings ...