Posts in category Economic Times
Asian stocks hold on to gains; BoE in focus (20-06-2024)
Asian stocks paused near two-year highs as traders awaited U.S. policy clues. Sterling steadied ahead of a Bank of England meeting with unchanged rates expected. Central bank decisions from Switzerland and Norway will set the global rates tone.
Sterling steady ahead of BoE decision; dollar wobbles against yen (20-06-2024)
The British pound was steady ahead of the Bank of England rate decision, while the dollar awaited market catalysts. Currencies traded in tight ranges post-US holiday, with focus on BoE, Swiss, and Norwegian central bank decisions.
Gold edges higher as weak US data lifts Fed rate-cut bets (20-06-2024)
Gold prices rose on Thursday amid expectations of a Federal Reserve interest rate cut, while investors awaited key data on retail sales, jobless claims, and inflation pressures.
Banks may not be sexy but there are pockets of value; buy dips in defence, capital goods stocks: Nitin Raheja (20-06-2024)
Nitin Raheja says the faster the growth and the better the growth, the more the capital markets are likely to trend upwards. But there would be periods of consolidation. Structurally, if you look at where we stand and capital markets being a proxy for the GDP and growth, it is a good place to be in, it is a great way to compound money.
Auto, auto ancillary sector a good theme to play the rural recovery: Devang Mehta (20-06-2024)
Some of the FMCG participants also came in this analyst guidance that most of these companies are now trying to come back and there was a decent volume growth which is seen.
Tokyo shares drift lower (20-06-2024)
Tokyo stocks opened lower on Thursday as European shares drifted downward overnight, while the US market stayed closed for a holiday.
Brent rises on Middle East war jitters, while WTI dips ahead of inventories report (20-06-2024)
Brent crude futures rose as Israeli tanks advanced into Gaza, while U.S. crude dipped on the U.S. federal holiday of Juneteenth.
SBI plans to raise Rs 20,000 cr via long-term bonds in FY25 (20-06-2024)
SBI to raise ₹20,000 crore long-term bonds this fiscal via public or private placement.
DICGC needs more resources (20-06-2024)
The Deposit Insurance and Credit Guarantee Corporation (DICGC) needs to increase its reserve ratio, manage treasury proactively, and upgrade its digital infrastructure to meet future payment obligations, as per a research paper in the RBI bulletin.