Posts in category Economic Times
All in a day! Gold sees sharp decline on Friday, but ends with weekly gains (13-04-2024)
The metal lost buying momentum after hitting a fresh record high of $2431 to settle lower. The yellow metal closed with a loss of 1.37% at $2344 Friday.
Bajaj Finance, Bharti Hexacom among 7 stocks on which brokerages initiated coverage (13-04-2024)
Here's a list of 7 stocks for which brokerages have initiated coverage:
In a steep fall from 400, only 25 smallcaps offer double-digit weekly returns (13-04-2024)
About 22 stocks, including HMA Agro Industries, Mangalam Cement, HEG, Hindustan Copper, Motilal Oswal, Hariom Pipe have offered returns between 10-20% during the week.
Wall St Week Ahead-Surging US energy shares reflect robust growth, inflation worries (13-04-2024)
Some investors also believe rising energy shares could hedge against U.S. inflation. Consumer price rises have proven more stubborn than expected this year, threatening to restrain the broader stock rally by undermining expectations for how much the Federal Reserve will cut rates in 2024.
Global markets mixed after Wall St rebound led by Big Tech (13-04-2024)
Oil prices were higher. The future for the S&P 500 slipped 0.1% while that for Dow Jones Industrial Average edged 0.1% higher.
US dollar rallies on safe-haven bids, rate cut delay; yen hits 34-year low (13-04-2024)
"We have a confluence of things happening that are boosting the dollar: geopolitical risk increasing, hawkish data out of the U.S. in terms of inflation and last week's strong employment report," said Brad Bechtel, global head of FX at Jefferies in New York.
Oil settles up on Middle East tensions, posts weekly loss (13-04-2024)
Brent crude futures settled up 71 cents at $90.45 a barrel, while U.S. West Texas Intermediate crude futures rose 64 cents to $85.66.
Risk-addicted Wall Street funds are shaken as bad news piles up (13-04-2024)
Jerome Powell navigates monetary pivot amidst inflation decline. Geopolitical tensions challenge high stock, credit exposures. Israel-Iran strife impacts S&P 500. Goldman, Barclays revise rate-cut bets. Risk allocation analyzed. Northwestern Mutual adjusts stock exposure.
US stocks fall sharply to close out its worst week since October (13-04-2024)
The S&P 500 sank 1.5% to close out its worst week since October, when a huge rally on Wall Street began. The Dow Jones Industrial Average dropped 475 points, or 1.2%, and the Nasdaq composite fell 1.6% from its record set the day before.
Quantum MF writes to Sebi, opposes plan to delist ISec (13-04-2024)
Quantum Mutual Fund objects to ICICI Bank's delisting plan for ICICI Securities, citing non-compliance and flawed valuation. Allegations of fraudulent means in achieving majority vote raise concerns about the scheme's integrity.