Investors are closely watching inflation trends to see if the stock market rally, fueled by Trump’s victory and expectations of tax cuts, can be sustained. The Federal Reserve’s ability to continue cutting rates hinges on inflation remaining moderate. While Trump’s policies could boost growth, they also carry the risk of reigniting inflation.
Posts in category Economic Times
Oil prices fall as Hurricane Rafael expected to start weakening (09-11-2024)
Oil prices dipped slightly on Friday. The risk of Hurricane Rafael impacting US oil production decreased. The market is considering the potential effects of President-elect Donald Trump’s policies on oil supplies. Brent crude oil futures fell. US West Texas Intermediate crude also fell. Crude imports in China, the world’s largest oil importer, decreased in October.
Asia stocks sputter as focus shifts to China stimulus (09-11-2024)
Asian stocks edged higher on Friday, but gains were capped as investors awaited stimulus announcements from China. Regional equities had opened higher, tracking Wall Street’s overnight rally to record highs. Investors were also digesting the Federal Reserve’s message for gradual interest rate cuts.
Equity markets can’t ignore rising bond yields in US: Chris Wood (09-11-2024)
Jefferies’ strategist Chris Wood warns that rising US bond yields, driven by Trump’s policies and deteriorating fiscal conditions, could negatively impact the stock market. Despite an initial pro-growth boost for the dollar, Wood remains bearish on Treasury bonds and suggests potential yield curve control measures as a policy response.
Rs 1.19 lakh crore and counting: 2024 becomes the Year of The IPO (09-11-2024)
India’s IPO market is booming, raising a record-breaking ₹1.19 lakh crore ($14 billion) in 2024. Strong investor demand, fueled by excess liquidity and impressive returns from recent IPOs, has driven this surge. Swiggy and ACME Solar’s successful listings further solidify 2024 as a banner year for Indian IPOs.
Elon Musk’s Tesla hits $1 trillion market value as Trump win fans optimism (08-11-2024)
Tesla’s market value soared past $1 trillion, fueled by speculation that CEO Elon Musk’s support for President-elect Donald Trump could translate into favorable regulations for Tesla’s autonomous driving technology. Musk’s focus on self-driving cars, along with strong quarterly profits driven by sales of their Full Self Driving software, have contributed to Tesla’s position as the world’s most valuable automaker.
Tata Motors Q2 Results: Profit declines 62% to Rs 477 crore, falls short of expectations (08-11-2024)
Tata Motors reported a 62.4% YoY decline in Q2 net profit to Rs 477 crore, missing expectations. Revenue dropped 16.3% to Rs 15,518 crore due to weak demand in passenger vehicles, aluminum supply issues, and commercial vehicle sales slowdown.
Premji Invest buys 1.6 pc stake in Wipro for Rs 4,757 crore (08-11-2024)
As per the data, Prazim Trading and Investment Company purchased 8,49,54,128 shares, amounting to a 1.62 per cent stake in Bengaluru-based Wipro.
Equitas Small Finance Bank Q2 Results: Net profit plummets 93% to Rs 13 crore (08-11-2024)
Equitas Small Finance Bank’s Q2 net profit dropped 93% YoY to Rs 13 crore, mainly due to higher provisions for risky loans. Its operating profit rose 6%, while NPAs increased, with gross NPAs at 2.95% and net NPAs at 0.97%.
Whirlpool India Q2 Results: Net profit rises 40% to Rs 53 crore on higher volume (08-11-2024)
Consumer durable maker Whirlpool of India Ltd on Friday reported a 40.13 per cent rise in its consolidated net profit to Rs 53.53 crore in the September 2024 quarter, helped by volume growth and cost productivity actions.