Euro extends upside and jumps to four week high against the dollar as greenback weakened sharply. The dollar index futures brushed aside higher than expected PPI data and added to losses, quoting at 104.74, down 0.15% on the day alongside fall in treasury yields. Investors now shift focus to US CPI report this week. EURUSD pair is currently quoting at $1.0842, up 0.6% on the day and at its best level since April 10th. Data from Eurozone docket showed euro area economy recovered as estimated in the first quarter after contracting for two straight quarters. Gross domestic product grew 0.3 percent sequentially, reversing the 0.1 percent falls each in the third and fourth quarters of 2023. Industrial production posted a monthly growth of 0.6 percent, confounding expectations for a decline of 0.3 percent. Production had increased 1.0 percent in February.
Posts in category Business Standard
Singapore Exchange Market falls 0.72% (15-05-2024)
At closing bell, the Straits Times Index (STI) index was down 23.93 points, or 0.72% to 3,289.42 after trading between 3,285.45 and 3,309.42. Across the broader market, advancers outpaced decliners with 184 to 217, with 1.11 billion securities worth S$1.30 billion changed hands.
HPL Electric & Power consolidated net profit rises 21.87% in the March 2024 quarter (15-05-2024)
Sales rise 16.91% to Rs 424.09 crore
Sicagen India consolidated net profit declines 72.52% in the March 2024 quarter (15-05-2024)
Sales decline 2.72% to Rs 221.23 crore
Arrow Greentech receives Indian patent for a process of making medicated bands (15-05-2024)
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Board of Jyothy Labs appoints M. R. Jyothy as Chairman (15-05-2024)
At meeting held on 15 May 2024
China Stocks falls after US trade tariffs (15-05-2024)
Mainland China share market finished session lower on Wednesday, 15 May 2024, amid signs of escalations in Sino-U.S. trade tensions after U.S. President Joe Biden’s decision to levy fresh tariffs on Chinese goods.
Aarti Pharmalabs Ltd leads losers in ‘A’ group (15-05-2024)
Colgate-Palmolive (India) Ltd, Jyothy Labs Ltd, Archean Chemical Industries Ltd and Aarti Industries Ltd are among the other losers in the BSE’s ‘A’ group today, 15 May 2024.
PFC spurts as Q4 PAT jumps 20% YoY to Rs 5,624 cr (15-05-2024)
Power Finance Corporation (PFC) rallied 4.02% to Rs 438.50 after the company’s consolidated net profit grew 20.26% to Rs 5,624.36 crore in Q4 FY24 as against Rs 4,676.71 crore recorded in Q4 FY23.