Europe’s main stock markets largely steadied at the start of trading Wednesday, with all eyes on the size of an expected interest rate cut from the US Federal Reserve. In the eurozone, the Paris CAC 40 index was flat at 7,485.52 points and Frankfurt’s DAX edged up 0.1 percent to 18,736.21 as investors waited on the Fed decision Wednesday. bcp/ajb/imm
Posts in category Economic Times
Here’s why Aniruddha Naha is bullish on NBFC sector (18-09-2024)
There is absolutely no two ways about it. I think incrementally also the kind of spends that we are seeing or the allocations going towards, let us say, defence, railways, and other capex-oriented cycles, the renewable part of it, I think this will continue.
Japanese shares rebound modestly with Fed verdict in focus (18-09-2024)
In a boost to exporters, the yen began the session near 142 per dollar after it strengthened to below 140 in a holiday-thinned Asia session on Monday.
US Fed rate cut cycle to begin from today. How it may impact prices of shares you own (18-09-2024)
US Fed Rate Cut: While a majority of Wall Street traders anticipate a 50 basis point rate cut today and a total of 100 basis points reduction by the end of the year, it’s important to remember that the market’s predictions about the Federal Open Market Committee’s decisions have been inaccurate in the past.
Mphasis shares drop 6.17% as Sensex falls (18-09-2024)
The stock quoted a 52-week high of Rs 3186.95 and a 52-week low of Rs 2068.45.
Share price of LTIMindtree falls as Nifty weakens (18-09-2024)
A total of 9,292 shares changed hands on the counter till 02:04PM (IST).
Auto stocks to benefit from pickup in discretionary spending: Sandip Sabharwal (18-09-2024)
The good thing is that they have at least let the liquidity build up, which has built up as the government started to spend after the elections, which reduces some risk for the economy.
India tops China for first time ever in a key MSCI equities index (18-09-2024)
“India will continue to gain share due to market outperformance, new issuances and liquidity improvements,” analysts led by Jonathan Garner of Morgan Stanley said.
Shares of Tube Investments fall as Nifty drops (18-09-2024)
On the technical charts, the 200-day moving average of the stock stood at Rs 3831.21.
Tupperware Brands files for bankruptcy (18-09-2024)
Tupperware Brands and some of its subsidiaries filed for Chapter 11 bankruptcy protection on Tuesday, the food container firm said in a statement. “Over the last several years, the Company’s financial position has been severely impacted by the challenging macroeconomic environment,” president and CEO Laurie Ann Goldman said in a statement announcing the bankruptcy filing.