Stocks that were in focus include names like Welspun Corp, which rose 2.81%, Vipul Organics, which gained 19.56%, and Welspun Corp, whose shares fell 2.8% on Tuesday.
Posts in category Economic Times
Positive Breakout: These 3 stocks close cross above their 200 DMAs (03-10-2024)
As long as the stock is priced above the 200-day SMA on the daily time frame, it is generally considered to be an overall uptrend.
Cerebras, an AI Chipmaker Trying to Take On Nvidia, Files for an IPO (03-10-2024)
Cerebras, a chip startup aiming to rival Nvidia, is planning its stock market debut, marking a notable IPO in the AI sector. The company reported significant revenue growth and reduced losses, driven largely by its innovative chip technology. Major investors include OpenAI’s CEO, Sam Altman.
Japan’s Nikkei rebounds on PM Ishiba’s dovish rate comments, weaker yen (03-10-2024)
Japan’s Nikkei rebounds sharply by 2.6% due to a softer yen after Prime Minister Shigeru Ishiba indicates no further interest rate hikes. Technology shares rise in tandem, mirroring gains on Wall Street. The yen hovers around 146.56 per dollar, aiding exporters’ competitiveness.
Gold holds steady amid Middle East turmoil, eyeing US economic data (03-10-2024)
Gold prices remained steady as traders watched the Middle East conflict and awaited U.S. economic data. The recent interest rate cut by the U.S. central bank is notable. Investors are also looking forward to upcoming ISM services data, initial jobless claims, and U.S. nonfarm payroll data. Meanwhile, Perth Mint’s gold sales surged in September.
Dollar hits one-month peak to yen as Fed seen taking time with rate cuts (03-10-2024)
The dollar reached a one-month high against the yen due to strong U.S. job market data, suggesting the Federal Reserve may not rush to cut interest rates. The yen fell after Japan’s new prime minister indicated no immediate rate hikes. The euro and risk-sensitive currencies also showed changes amid geopolitical tension between Iran and Israel.
Oil rises as Middle East conflict deepens, gains capped by global supply outlook (03-10-2024)
Oil prices rose modestly amid Middle East conflict fears, driven by Israel’s strikes on Beirut and Iran’s missile attacks on Israel. Although U.S. crude stockpiles unexpectedly increased, indicating ample supply, concerns over potential disruptions persist. Experts suggest OPEC’s spare capacity could offset supply issues if regional tensions escalate.
S&P 500 ends near flat as more jobs data awaited; eyes on Middle East (03-10-2024)
The S&P 500 was nearly unchanged, with tech shares rising but investor concerns over Middle East tensions and U.S. labor data. Nvidia shares increased, while Tesla declined after lower-than-expected quarterly deliveries. U.S. private payrolls rose more than expected, with non-farm payrolls and jobless claims data awaited. Dockworkers’ strike continued, affecting U.S. ports.
Japanese stocks rise as PM’s comment weakens Yen (03-10-2024)
The yen tumbled about 2% against the dollar Wednesday, its worst day since June 2022, after Shigeru Ishiba said the economy isn’t ready for another hike. The currency fluctuated near 146.50 per dollar Thursday, near its weakest level in a month.