Cycling Financial News

Steady employment levels in July mask “some warning signs” about the health of the Canadian labour market, with most economists expecting the latest figures will open the door for more interest rate cuts to come from the Bank of Canada.

«On the NBFC side, we are more positive on, I would say, non-consumer NBFCs which are more catered towards CV cycle or power sector and we are also diversifying within financials towards non-lenders like insurance, this is one sector where we think this is ripe for some kind of outperformance over the next two to three years,» says Ashutosh Bhargava, Nippon India Mutual Fund. A quick view on the way policy pared out today. There was expectation that there would be some stance change at least, that did not happen, forget about the rates but it appeared that the governor was very steadfast on controlling inflation and some commentary again on top-up loans and deposits continues to remain an issue. What were your key observations from the policy commentary today? Ashutosh Bhargava: So, going into this policy, it is not that there was a consensus of a rate cut, but there was definitely an expectation of some change in stance towards more neutral, but that has not happened. It seems that the RBI is very focused on this 4% inflation target and overlooking already below 4% core inflation.

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Asian equity markets Thursday, extending the volatile trading of the past week as investors digest signals from central banks on the path ahead for interest rates. The Topix Index opened lower alongside benchmarks in Australia and South Korea. US futures also fell in early Asian trading Thursday after the S&P 500 and Nasdaq 100 dropped on Wednesday. The yen rose, having dropped 1.6% on Wednesday.

One of the warning signs that an investment banking franchise is in trouble is that memos start going round the office telling everyone that business class travel is being curtailed . It tends to be followed by strict limits on client entertainment, or even the banning of particularly popular and expensive restaurants.

Paris Olympics 2024 has just a few days left now, and will close with a grand closing ceremony scheduled for August 11. Meanwhile, there is some intense sporting action remaining on August 8, which is the 13th day of the Paris Olympics 2024.

chic midlife appearance, the Danish way is more innovative than the classic French style. Danish fashion is sophisticated yet functional, so it's perfect for a variety of occasions, from cycling to attending formal events. With brands like By Malene Birger, Stine Goya, Birger Christensen, and Ganni, Danish fashion provides a combination of casual and sophisticated designs as Copenhagen Fashion Week gets underway, as per the reports of Yahoo life. Age-inclusive fashion Danish fashion caters to all ages, proving that style isn’t limited to younger generations. Denise Christensen, CEO of Birger Christensen Collective, highlights how Danish women, regardless of age, manage to look chic and refined. At 50, Christensen curates her wardrobe with pieces from REMAIN, ROTATE, Saks Potts, and Aiayu. She notes that Danish fashion reflects a sporty and casual simplicity, which is flattering and versatile. Capsule wardrobe essentials

One way to answer that question is to see if stocks are unusually expensive relative to their fundamentals and then estimate the declines required to bring them back to more normal levels. I did just that following Monday’s 3% slide in the S&P 500 Index, expecting to find a frothy market packed with overbought stocks. What I found surprised me.

Manish Gunwani, Head-Equity, Bandhan AMC, says while they own PSUs, they do not trust any single PSU too much, because the government has a habit of changing regulations periodically. So, they have a string of pearls in select PSUs, 1-1.5% kind of holdings. Gunwani says Bandhan AMC’s bigger overweights right now are healthcare, internet, and telecom on the defensive side and real estate, power, and capex-related stocks on the cyclical side. What do you make of the construct of the market? We had a scary fall on Monday and looks like a lot of collateral damage has already been done. Manish Gunwani: I would prefer to be a bit cautious. A lot of returns are being made in cyclical sectors and tactically it is because of valuations and the Indian rupee has also outperformed a lot. Also, given the election result, the policy focus is still to be seen. So, overall, in a bull market, there are periods where one needs to be tactically cautious. We will go through some consolidation. I do not expect any big drawdown because liquidity looks fine.

Vinesh Phogat has been disqualified from the Paris Olympics after failing to meet weight requirement for her 50 kg gold medal. As per the report, Phogat was reportedly over the permissible weight limit by just 100 grams, which may lead to her disqualification. According to competition rules, she will not be eligible for a silver medal, leaving only gold and bronze winners in the 50 kg category. «It is with regret that the Indian contingent shares news of the disqualification of Vinesh Phogat from the Women’s Wrestling 50kg class. Despite the best efforts by the team through the night, she weighed in a few grams over 50kg this morning. No further comments will be made by the contingent at this time. The Indian team requests you respect Vinesh’s privacy. It would like to focus on the competitions on hand,» Indian Olympic Association said in a statement.

10X Research CEO Markus Thielen warns that buying the dip on Bitcoin is “too risky” post-crash. Meanwhile, other analysts point towards signs of stabilization.

If you hadn’t heard of the Sahm Rule before, you’ve probably heard of it now.

Japan's Nikkei 225 was down 12.4% as markets closed on Monday, according to data from MarketWatch, the worst one day fall in over three decades. The US Nasdaq Composite opened 6.3% lower on Monday morning, while the S&P 500 was down 4.2%. The fall came amid concerns over a US recession after traders reacted to lower-than-expected employment figures from the world's largest economy on Friday (2 August), which collided with worries from investors and analysts that the Federal Reserve may have delayed beginning its rate cutting cycle for too long.  Japanese index suffers worst ever fa...

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Paris Olympics 2024 entered their ninth day, the excitement continued to build with a series of thrilling events lined up for the day. Highlights include Novak Djokovic's maiden Olympic tennis title, Team India's historic win in men's hockey, and record-breaking performances in swimming. Here's a detailed look at what happened on Day 9.

Bihar Chief Minister Nitish Kumar, his former mentor, with failure to secure tangible benefits for the state despite the BJP's dependence on him to retain power at the Centre. Kishor alleged the JD(U) boss was fretting over his party's share in the Union council of ministers and using his clout with the BJP to settle scores with detractors at the state level, instead of leveraging his position to rehabilitate the state industrially. «People are talking about special status for Bihar. I ask why Nitish Kumar could not press for the restoration of 20 sugar mills that have been moribund for years? He has been in power for nearly 20 years which shall be remembered for wasted opportunities,» the IPAC founder told reporters here.

Investors who have been around are wondering if this is 1999 all over again with an imminent NASDAQ crash. Many others are pondering whether to sell, lock in profits, or buy more. The best approach, we believe, is to examine the data and make an objective decision.

Federal Reserve easing cycle based on the latest evidence that the labour market is cooling. Economists at Bank of America, Citigroup, Goldman Sachs and JPMorgan Chase revamped their forecasts for US monetary policy Friday after data showed the US unemployment rate rose again in July, calling for earlier, bigger or more interest-rate cuts. Economists at Citigroup — already among the most aggressive in calling for the Fed to cut interest rates this year — said they expect half-point rate cuts in September and November and a quarter-point cut in December, having previously predicted quarter-point cuts at all three meetings. The Fed will then reduce rates by a quarter point at each meeting until mid-2025, bringing the policy band to 3%-3.25%, Veronica Clark and Andrew Hollenhorst predicted.

Foreign investment in Indian government securities via the fully accessible route (FAR) crossed $9 billion in the first seven months of this calendar year, significantly exceeding investments for the whole of 2023 during which $8.21 billion came in into those securities, an analysis of CCIL data showed. Since the announcement of inclusion of domestic sovereign debt in the JP Morgan index in September 2023, there has been a $13.26 billion gush in government securities through FAR.

Paris Olympics 2024 live performance on Day 8 is scheduled to start off on August 3, with a plethora of events lying wait to begin, including the likes of the women's 100m final, cycling, artistic gymnastics and a lot more. As 29 gold medals lie in offer for Olympic enthusiasts this time on Day 8 of Paris Olympics, countries like China, Japan, Great Britain, USA and others will be trying to win as many gold as possible to consolidate their positions in the Paris Olympics medal tally.

Kamala Harris ' campaign announced Friday that it raised $310 million last month, an eyepopping sum showing that donors who once seemed spooked about the prospects for November's election with President Joe Biden are now offering mountains of cash to boost his former No 2. The haul by Harris, the Democratic National Committee and affiliated entities far outpaced Republican former President Donald Trump, whose campaign and assorted committees said they took in $138.7 million for July.