World markets prepare for an eventful week. Investors monitor the effects of a Trump administration and the Ukraine war. Focus on US holiday shopping and inflation’s impact. Eurozone faces crucial inflation data and ECB decisions. Japan’s central bank weighs interest rate hikes amid a weakening yen.
Posts in category Economic Times
Wall Street Week Ahead-Black Friday puts consumer spending in market’s glare with stocks near records (23-11-2024)
As Black Friday approaches, retailers are bracing for a holiday season that will test consumer resilience amid inflation. While some retailers like Walmart have raised forecasts, others like Target are struggling. Investors are closely watching consumer spending and inflation data for clues on the economy’s trajectory.
Fed survey finds inflation fading as a risk next to debt, trade wars (23-11-2024)
Financial experts were worried about the US economy. They feared rising debt, a possible recession, and threats to global trade. These concerns were reflected in the bond market, with rising yields on Treasury notes. The potential for a trade war and its impact on global trade flows and inflation added to the anxieties.
Bitcoin at record highs, sets sights on $100,000 (23-11-2024)
Bitcoin reached a new all-time high, approaching $100,000, fueled by optimism surrounding a potentially favorable regulatory landscape under the Trump administration. The cryptocurrency has experienced a remarkable surge, more than doubling in value this year and soaring approximately 45% since Trump’s election victory. This surge is attributed to expectations of crypto-friendly policies and the election of pro-cryptocurrency lawmakers.
Wall Street closes higher after business activity data (23-11-2024)
The domestically focused small-cap Russell 2000 index outperformed large-cap indexes and rose 1.8%. The index advanced 4.3% for the week, closing at its highest in more than a week.
Most Adani stocks gain; Ambuja, ACC and Adani Ports offer value (23-11-2024)
Sanghi Industries, Ambuja Cements and ACC rose 3-4% on Friday and were among the top gainers. Adani Enterprises, the group’s flagship company, gained 2.2%.
Adani Group bonds attract investor interest post fall (23-11-2024)
Adani Ports and Special Economic Zone (APSEZ) bonds, which fell from 96 cents to 92 cents Thursday, were trading at 90-91 cents Friday evening. Adani Green Energy’s 6.7% March-issued bonds, which traded at 84/85 cents Thursday, held steady at the same levels Friday evening.
FPIs sell big in oil & gas and financial stocks, add IT (23-11-2024)
So far in November, foreign investors sold shares worth ₹25,254.6 crore. This comes after foreign outflows hit a record high of ₹1.04 lakh crore in October following a rebound in Chinese markets and a disappointing corporate earnings season
Sebi begins inquiry into alleged false statements by Adani Group (23-11-2024)
The regulator has sought information from stock exchanges regarding Adani Green Energy’s communications on US investigations, they said, and will consider launching a formal probe after receiving the reports from the bourses.
Markets shrug off Adani’s indictment blues with a MAHA rally on D-Street (23-11-2024)
The surge was also the third-biggest advance in a trading session in 2024 so far though money managers and analysts are sceptical about whether the renewed strength is here to stay. The occasions on which both indices gained more than they did on Friday were on June 3 after the general election exit polls and on June 5, after results were announced.