Posts in category Economic Times
Gold inches higher as inflation data looms, set for fourth monthly gain (31-05-2024)
Gold prices edge up for a fourth straight monthly gain as investors await key U.S. inflation data for insights into the Federal Reserve's policy path.
Failed Wall Street trades rate roughly stable under faster settlement (31-05-2024)
The U.S. failed trades rate stood at 1.90% on Wednesday, stable from Friday, per DTCC. Market expected a rise to 4.1% post T+1 implementation, from 2.9%, as per ValueExchange.
Dollar regroups before inflation test; yen brushes off Tokyo CPI (31-05-2024)
Market expectations of rate cuts increased to 55% for September. Traders awaited the release of the PCE price index for insights on interest rate cuts. Dollar weakened due to softer inflation data.
TBO Tek reports profit of Rs 201 cr for FY24 (31-05-2024)
"Following our successful IPO, we are thrilled to report another year of remarkable growth, with revenue soaring to 1,393 crore, showcasing 31% increase with adjusted EBITDA at Rs 270 crore with 35% year on year growth and net profits after tax at Rs 201 crore, a 35% Increase, and gross transaction value surging to Rs 26,536 crore marking a 19% year-over-year growth," he said.
Nvidia and five tech giants now command 30% of the S&P 500 Index (31-05-2024)
The S&P 500 Index is now dominated by the six major US companies, Microsoft Corp., Apple Inc., Nvidia Corp., Alphabet Inc., Inc., and Meta Platforms Inc., marking a notable shift in market dynamics.
Oil falls as Fed policymakers look to maintain rate cuts, gasoline stocks rise (31-05-2024)
Oil prices fell on Friday due to concerns over inflation risks, U.S. crude inventories, and OPEC+ negotiations to extend oil production cuts.
Nasdaq falls 1%; Salesforce shares weigh on tech (31-05-2024)
Nasdaq dropped due to tech and communication services sector declines, and slower Q1 growth per Commerce Dept. report.
Will the pace of the rally in PSU sector cool down? Sandip Sabharwal answers (31-05-2024)
My base case is that the current government will continue. So, if that doesn't happen, which I believe is a remote possibility, then I think the post-election strategy has to be very different.