Posts in category Economic Times
Gold soars to record peak as US rate-cut bets burnish appeal (17-07-2024)
Gold prices hit all-time high on anticipation of U.S. interest rate cut in September. Spot gold up 0.5% to $2,479.75 per ounce. $2,500 target in sight with potential for further increase. Fed officials hint at dovish approach. SPDR Gold Trust holdings increase. Other metals show mixed movements.
FII flows into debt may lead to a balance of payments surplus of over $50 billion due to JP Morgan Bond index inclusion (17-07-2024)
SBI forecasts India's balance of payments to show a surplus of $52 billion this fiscal year, with FII inflows expected to reach $25 billion. Current account deficit projected at 0.9% of GDP in FY25. Factors like government fiscal measures and bond market developments influencing economic outlook.
Silver’s got the shine to beat other asset classes, better buy on dips (17-07-2024)
Analysts recommend investing in silver as it is expected to outperform other asset classes in the next year. With strong industrial demand and potential interest rate cuts, buying on dips could yield significant returns. Consider a tactical allocation for potential gains.
Q1 results today: Asian Paints, LTIMindtree among 22 companies to announce earnings on Wednesday (17-07-2024)
A total of 22 companies, including Asian Paints and LTIMindtree, will announce their first quarter results. Analysts predict revenue growth and profit increases for both companies. Investors are advised to keep an eye on key performance indicators and market commentary.
Motilal Oswal sells Zomato shares for Rs 646 crore in block deal (17-07-2024)
Motilal Oswal Mutual Fund sold ₹645.84 crore worth of Zomato shares, causing a 4.71% drop in stock price, despite a 15.8% gain over the past month.
Funds from US and Japan make bigger plays on D-Street (17-07-2024)
Institutional investors from the US and Japan are increasing their exposure to Indian equities post Modi's election victory. US funds hold a record 42.2% share while Japanese funds are at 2.9%. Interest rate differences between countries are impacting investment decisions.
HOla Street! EV IPO set to ride in at lower price tag (17-07-2024)
Ola Electric, led by Bhavish Aggarwal, plans a $4 billion IPO, down from a $5.4 billion valuation with Temasek, aiming to raise ₹5,500 crore. The company has cut costs and laid off staff, affecting market share. Competing with FirstCry and Swiggy, its draft prospectus includes a 95.2M share OFS. Ather offers competition. Vahan data shows market revival.
Dollar rises on retail sales boost (17-07-2024)
The dollar strengthened due to steady retail sales and unchanged import prices. The Dollar Index gained 0.07%. Sterling and the euro weakened ahead of the ECB meeting, anticipating Christine Lagarde's comments. Bitcoin rose 1.58%. Trevisani cited resilient ex-auto sales. The Canadian dollar strengthened. Powell noted inflation trends. Markets price in a September Federal Reserve rate cut.
Gold at record highs as rate cuts beckon, Trump talk hits Taiwan stocks (17-07-2024)
Gold hits record high amid expected global rate declines. Taiwan's TSMC dips following Trump's remarks on U.S. support. The S&P 500 achieves record highs. Trump's running mate suggests China-focused policy. China's stocks remain subdued, Taiwan dollar weakens. Powell observes cooling inflation. Bonds rally. New Zealand shares rise. Oil prices dip; British inflation data awaited.
Dollar, US futures rise as ‘Trump trade’ stings other assets (17-07-2024)
Global markets react anxiously to the potential impact of a Trump victory, with stocks dipping and currencies fluctuating. Speculation on future rate cuts and trade tensions add to the volatile atmosphere. Gold prices surge near record highs while oil prices slide. Will the world economy weather the storm?