Posts in category All News
Asian markets down as traders await US jobs report (06-07-2024)
A European Commission probe launched last year concluded that state subsidies for Chinese EV manufacturers were unfairly undercutting European rivals, which Brussels wants to shield as they transition from thermal to electric power.
Dollar stays lower after US jobs data; euro up ahead of French election (06-07-2024)
Nonfarm U.S. payrolls increased by 206,000 jobs last month, the Labor Department report showed. Data for May was revised sharply down to show 218,000 jobs added instead of the previously reported 272,000. The unemployment rate rose to 4.1%, slightly higher than the estimated 4.0%.
Gold prices rise to over one-month high after US jobs report (06-07-2024)
"Gold is trading at one-month highs as lower payroll revisions and yet another uptick in the unemployment rate help 'cement' a September rate cut," said Tai Wong, a New York-based independent metals trader.
Oil settles 1% lower as Mideast ceasefire talks ease supply disruption concerns (06-07-2024)
The head of Israel's Mossad has returned from Doha after an initial meeting with mediators trying to reach a Gaza ceasefire and hostage release deal, and negotiations will resume next week, Prime Minister Benjamin Netanyahu's office said on Friday.
US stock indexes end up; Nasdaq, S&P 500 hit record highs on payrolls data (06-07-2024)
According to preliminary data, the S&P 500 gained 29.67 points, or 0.54%, to end at 5,566.69 points, while the Nasdaq Composite gained 163.04 points, or 0.90%, to 18,351.34. The Dow Jones Industrial Average rose 64.78 points, or 0.16%, to 39,372.78.
Wall St Week Ahead: Earnings season to test hopes for broader stocks rally (06-07-2024)
The S&P 500 has rallied 16% so far in 2024, driven by a handful of massive stocks poised to benefit from emerging artificial intelligence technology. Only 24% of stocks in the S&P 500 outperformed the index in the first half, the third-narrowest six-month period since 1986, according to BofA Global Research strategists.
EFC – Entrepreneurial Facilitation Centre (06-07-2024)
Agree
Had they been a commodity business then the margins wont be higher than other players
The furniture and managed space lever gives them better opportunity
Railway stocks surge up to 17% on order boost (06-07-2024)
Railway stocks surged as Minister Ashwini Vaishnaw announced 12,500 new coaches, and RVNL partnered with Delhi Metro Rail. IRCON, BEML, Railtel, Texmaco Rail Engineering, and IRFC saw gains.