The dollar index rises, marking four consecutive weeks of gains, bolstered by strong U.S. economic data and restrained Fed interest rate expectations. Investors anticipate next week’s payrolls report, potentially impacted by recent strikes and hurricanes, as they assess the U.S. economic trajectory.
Posts in category Economic Times
Oil settles up, weekly gain 4% as investors weigh Middle East risk and US election (26-10-2024)
Brent crude futures settled up $1.67, or 2.25 Percent , at $76.05 a barrel. U.S. West Texas Intermediate crude settled up $1.59, or 2.27 Percent , to $71.78.
Economic recession strategies: Protecting your portfolio during downturns (26-10-2024)
Economic recessions, while challenging for investors, also present opportunities. By employing strategies like diversification, asset allocation, investing in high-quality defensive stocks, and maintaining cash reserves, investors can protect and position their portfolios for long-term growth despite market volatility.
IDFC First Bank to report Q2 results today. Here’s what to expect (26-10-2024)
IDFC First Bank is expected to report robust growth in net interest income for Q2, despite predictions of a decline in profit due to higher credit costs. Analysts anticipate strong YoY growth in loans, advances, and deposits, with a notable increase in the CASA ratio.
Wall Street Week Ahead: Stocks rally faces gauntlet of tech earnings, jobs data, election (26-10-2024)
U.S. stocks face volatility due to upcoming events including tech company earnings, a crucial employment report, and the nearing presidential election. Elevated stock valuations could lead to significant market reactions. Major tech firms like Alphabet, Microsoft, Meta, Apple, and Amazon will report results next week, potentially influencing the broader market indices.
Q2 results today: YES Bank, ICICI Bank among 63 companies to announce earnings on Saturday (26-10-2024)
The second quarter earnings season sees 63 companies disclosing their July-September 2024 results. Key players like YES Bank, ICICI Bank, and IDFC First Bank are among them. ICICI Bank is expected to show an 8-11% rise in net interest income, while YES Bank might report up to a 115% increase in net profit.
Global markets slip, notch weekly loss on US election nerves; crude oil gains (26-10-2024)
Global stocks ended the week lower due to U.S. election uncertainties, with the S&P 500 falling nearly 1%. Oil prices rose on Middle East concerns, while U.S. Treasury yields edged higher. Investors remain anxious about a contested election impacting global markets.
European shares end week in the red as earnings disappoint (26-10-2024)
Europe’s STOXX 600 index ended a turbulent session flat, recording weekly losses due to weak earnings from major firms like Mercedes-Benz, Valeo, and Electrolux. While Signify and Sanofi reported positive results, the overall corporate earnings landscape is underperforming, with only 35.3% beating estimates.
Nasdaq closes higher ahead of a heavy week of earnings (26-10-2024)
The Nasdaq rose on Friday, driven by gains in megacap shares, including Tesla, Amazon, Apple, and Microsoft. Investors await next week’s major tech earnings and U.S. employment data for Federal Reserve rate guidance. Banking shares and McDonald’s faced setbacks, contributing to the Dow’s decline.
Markets catch a cold as season changes on earnings street (26-10-2024)
Indian stocks experienced a significant downturn, with the Sensex and Nifty plunging due to sluggish demand, high input costs, and increased competition affecting company margins. Major selloffs by overseas investors exacerbated the fall, highlighted by a sharp decline in IndusInd Bank shares following weak earnings.