Posts in category Economic Times
Japan’s Nikkei plunges 4% on stronger yen after Ishiba win (30-09-2024)
Japan’s Nikkei share average fell over 4% due to a stronger yen after Shigeru Ishiba, perceived as a monetary policy hawk, won the prime ministerial contest. The broader Topix index also declined, and government bond yields rose. Ishiba’s stance on monetary policy remains unclear as he assumes office on Tuesday.
Positive Breakout: These 7 stocks close cross above their 200 DMAs (30-09-2024)
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.
Manba Finance shares to debut today; GMP indicates strong listing (30-09-2024)
Manba Finance shares are set to debut on the exchanges today, with a strong grey market premium indicating potential gains for investors. The company plans to use the proceeds to bolster its capital base. Manba Finance has shown significant growth in two-wheeler loans and posted a substantial profit increase in FY24.
Yen steadies, dollar slips as China reaches for stimulus (30-09-2024)
Japan’s yen steadied after a surge, with incoming Prime Minister Shigeru Ishiba indicating monetary policy should remain accommodative. The dollar slipped against commodity currencies amid expectations of a turnaround in China’s economy. Analysts are closely watching upcoming U.S. jobs data and European inflation figures for further market direction.
Gold set for quarterly gain; Fed’s Powell comments in focus (30-09-2024)
Gold prices rose on Monday, heading for a fourth consecutive quarterly gain. This increase is driven by expectations of a significant U.S. rate cut and rising Middle East tensions. Investors are also awaiting comments from Federal Reserve Chair Jerome Powell. Meanwhile, physical gold demand in key Asian markets has contracted due to record-high prices.
Oil prices rise on Middle East supply risks as Israel steps up attacks (30-09-2024)
Oil prices rose slightly on Monday due to concerns over potential supply disruptions from the Middle East after Israel intensified attacks on Iranian-backed forces. Brent crude futures for November delivery increased by 16 cents to $72.14 a barrel. The market is also awaiting comments from Federal Reserve Chair Jerome Powell regarding monetary policy easing.
Asian shares hold ground, Japan rate fears dent Nikkei (30-09-2024)
The Nikkei led the early action with a dive of 4.0% as investors anxiously waited for more direction from new Prime Minister Shigeru Ishiba, who has been critical of the Bank of Japan’s easy policies in the past.
GIFT Nifty down 30 points; here’s the trading setup for today’s session (30-09-2024)
“The Nifty is now targeting 26,500, with the potential to reach 27,000, especially if IT stocks show momentum alongside other major sectors. In the event of a dip, the 25,700-25,900 zone is expected to provide support,” said Ajit Mishra – SVP, Research, Religare Broking