Posts in category Economic Times
Oil prices fall by more than a $1 on Chinese economic data (14-10-2024)
Oil prices dropped by a dollar in early Asian trading on Monday, following disappointing Chinese inflation data that heightened concerns about demand, with Brent crude futures at $77.92 and U.S. West Texas Intermediate at $74.49 per barrel amid uncertainty over potential economic stimulus measures.
Dollar extends gains while investors parse China’s stimulus plans (14-10-2024)
The dollar gained in Asian trading due to Japan’s holiday and China’s mild stimulus news. The euro, pound, and yuan weakened, with the yuan down 0.2% against the dollar. China announced increased debt issuance to boost its economy, but markets are skeptical due to vague details.
Gold eases as dollar strengthens; traders eye Fed cues (14-10-2024)
Gold prices decreased as the U.S. dollar strengthened, with markets awaiting Federal Reserve cues on monetary policy. Investors speculate a rate cut in November. U.S. inflation data favored lower rates, while geopolitical tensions rise with U.S. troop deployment to Israel.
GIFT Nifty up 10 points; here’s the trading setup for today’s session (14-10-2024)
Additionally, investors will closely track updates on geopolitical tensions, particularly their impact on crude oil prices, and foreign fund flows.
Asia shares await China markets’ response to detail-thin stimulus pledges (14-10-2024)
The Australian and New Zealand dollars slipped against the greenback in early trading on Monday, while China’s yuan also weakened. US stock futures edged lower, while the MSCI Asia-Pacific share index eked out a gain.
Stocks in news: RIL, HCL Tech, DMart, Wipro, HAL (14-10-2024)
The Board of Wipro will consider issuing bonus shares to investors along with its financial results for the quarter ended September 2024.
US consumer in focus as earnings season heats up (14-10-2024)
The benchmark S&P 500 is set to post its fifth straight weekly gain and is hovering near a fresh record high after rising over 21% this year.
Investors may wait for DMart to catch up on growth in H2 (14-10-2024)
The company’s standalone revenues grew 14.2%-lower than the 18.4% revenue growth for the quarter to June. The Ebitda margin stood at 7.9%, lower than the 8.9% in the preceding quarter as well as 8.1% in the same quarter last year. The sales revenues per sq ft of retail business area dipped marginally from ₹8,648 in the June quarter to ₹8,582.