Richmond Federal Reserve President Thomas Barkin highlights that returning inflation to the 2% target may take longer, limiting the Fed’s ability to cut interest rates significantly. He notes that solid demand and labor market tightness pose risks to reaching a neutral interest rate, emphasizing concerns about wage pressures and global economic uncertainties.
Posts in category Economic Times
At multi-year highs: These 4 stocks witness 5-year swing high breakout (03-10-2024)
This occurrence may be seen as a bullish sign, indicating the potential for further upward movement in the stock.
Angel One shares in focus after Sebi restrictions on F&O trading (03-10-2024)
Sebi’s new regulations on derivatives trading, including increased contract size and limiting weekly expiries, are expected to impact brokers like Angel One. Effective from November 20, the measures aim to curb speculative trading, following a study revealing significant losses for individual traders in the F&O segment.
Marico shares in focus as company sees high single digit revenue growth in Q2 (03-10-2024)
Marico’s shares will be in focus after its second quarter update showed mid-single digit volume growth in its domestic business. Consolidated revenue grew in high single digits, offset by currency headwinds. The company expects revenue growth in double digits for the second half of the year. Key brands like Parachute and Saffola showed mixed performance.
Adani Enterprises shares in spotlight after group merges step-down subsidiaries with ANIL (03-10-2024)
Adani Enterprises’ shares are under spotlight after the group’s flagship firm announced the merger of Adani Infrastructure Private Limited and Mundra Solar Technology Limited into Adani New Industries, set to bolster its focus on low-carbon projects such as green hydrogen and renewable energy components.
Unilex Colours shares to list today. Here’s what to expect (03-10-2024)
Unilex Colours and Chemicals will debut on the NSE SME platform with a grey market premium indicating an 8% listing premium. The funds will be used for working capital, debt repayment, and corporate purposes. The company specializes in pigments and serves both domestic and international markets.
Thinking Hats Entertainment shares to list today. GMP hints at strong gains (03-10-2024)
Thinking Hats Entertainment shares will debut on the NSE SME platform on Thursday. The shares have a grey market premium of Rs 30, indicating a 70% premium over the issue price. The funds will be used for working capital, debt repayment, and corporate purposes. The company has also expanded into OTT content production since 2019.
KRN Heat Exchanger shares to debut today as GMP indicates multibagger gains (03-10-2024)
KRN Heat Exchanger and Refrigeration shares will debut on exchanges today, with a grey market premium (GMP) indicating potential multibagger gains of over 107%. The company’s IPO saw an overwhelming subscription of over 200 times. The funds will be used to invest in a new facility in Rajasthan.
Maruti Suzuki shares in focus after company reports 2% YoY upticks in September sales (03-10-2024)
Shares of Maruti Suzuki are likely to draw attention after a 2% increase in September sales, reaching 1,84,727 units. Domestic passenger vehicles sales dropped 4%. The company reports 10.63 lakh units sold in the first half of the fiscal year. CNG vehicle sales now account for over 34% of Maruti’s total sales.
Dabur shares in focus on Q2 update. Co sees mid-single digit decline in cons revenue (03-10-2024)
Shares of Dabur India may stay in focus after the company forecasted a mid-single digit decline in Q2FY25 consolidated revenue due to corrections in India operations. However, international business is poised for double-digit growth. Inventory actions in the GT channel to affect September quarter profitability.