Economy Financial News

04.01 / 09:44

security economy Election Experts show Record monthly FPI buying in December drives India's Nifty 50 to record highs

Foreign portfolio investors (FPI) made record monthly purchases of Indian equities totalling 661.35 billion rupees ($8 billion) in December, National Securities Depository data showed. The record buying propelled India's stock benchmarks, Nifty 50 and Sensex, to fresh all-time highs. FPIs bought shares worth 427.33 billion rupees in the first half of December, marking a fortnightly record, driven by lower U.S.

04.01 / 08:32

UPS Provident Target FIVE economy innovations 2024 NOT Market Outlook: 2024 time to be cautious, not fearful, says Sharekhan; DLF, HDFC Bank, Hero Moto among 12 top picks

Real Estate (Solid recovery after slumber): As per the brokerage, a revival in the property cycle is likely to be sustained driven by a time correction in prices, better affordability, reasonable interest rates and the need to have bigger houses. This will have a positive impact on many industries (such as steel, cement, building materials, and other related sectors) and generate employment across income strata, added the brokerage. Infrastructure (Infra spending remains a key booster): Budgetary allocation for capex has been going up substantially for the last couple of years and supporting various industries, noted the brokerage.

04.01 / 08:12

COST UPS economy Bill pandemic Equality rights Markets think interest rates could stay high for a decade or more

NOT LONG ago, as interest rates in the rich world hovered near zero, economists debated whether their downward march was the product of a decades-, centuries- or millennia-long trend. Now the burning question is how long they will stay high. On October 18th the ten-year Treasury yield, which incorporates long-term expectations for interest rates and was below 1% as recently as 2021, hit 4.9%, its highest since 2007.

04.01 / 07:12

Provident Target Progressive economy Yellow Trade Gold slips below $2,050 as dollar rebounds amid Fed uncertainty

Investing.com-- Gold prices rose slightly in Asian trade on Thursday, but hovered below key levels as the dollar rebounded on growing doubts over exactly when the Federal Reserve will begin trimming interest rates.

04.01 / 05:47

UPS Provident FIVE economy show reports Rate Cut Asian stocks rate cut bets Asian stocks waver as traders ponder rate cut bets

By Ankur Banerjee

04.01 / 05:46

UPS Provident Manufacturing economy Trade show performer week Asia FX muted, dollar at 3-week high as rate-cut uncertainty persists

Investing.com-- Most Asian currencies kept to a flat-to-low range on Thursday, while uncertainty over the Federal Reserve’s plans for interest rate cuts in 2024 saw the dollar rebound to a three-week high.

04.01 / 05:45

UPS Provident economy Fitch Trade performer country Fitch downgrades 4 Chinese national asset managers, warns of more cuts

Investing.com-- Fitch said on Thursday it had downgraded the issuer default ratings of four Chinese national asset management companies and flagged more potential downgrades on expectations of weaker government support and headwinds from a property market slump.

04.01 / 05:28

Provident Target security economy Yellow Trade record high Gold rate today ₹1300 away from record high after US Fed minutes. Buy or wait?

Gold rate today: After rate cut hint in US Fed meeting minutes, gold price today opened higher on Multi Commodity Exchange (MCX) at ₹62,724 per 10 gm levels and went on to touch an intraday high of ₹62,771 per 10 gm within a few minutes of commodity market's opening bell today. While climbing to the intraday peak, the yellow metal price came close to the lifetime high of ₹64,065 levels. MCX gold rate today is around ₹1,300 away from the record high.

04.01 / 05:28

UPS Extreme economy performer 2020 prevention 2024 Could power stocks witness a rally like defence stocks in 2024?

Defence stocks were among the top performing stocks of 2023. Investors and traders alike were extremely bullish on them for the short term and long term. This sentiment hasn’t changed but it wouldn’t be wise to expect the same kind of market-beating performance from defence stocks every year.

04.01 / 04:45

UPS Manufacturing economy pandemic Has America really escaped inflation?

At some point American economic growth will disappoint expectations. For now, though, it appears to have ended 2023 much as it passed the previous few years, with yet another expansion that defied forecasts. Recent data suggest that the economy grew at an annualised pace of 2.5% or so in the final three months of the year, more than twice the median expectation of analysts at the start of the quarter.

04.01 / 03:40

COST UPS Fighting economy Trade country South Korea sees slower economic recovery, inflation cooldown

By Jihoon Lee

04.01 / 03:40

Manufacturing economy Nikkei trends Trade show performer Asian stocks Asian stocks extend new year rout amid profit-taking, rate-cut anxiety

Investing.com-- Most Asian stocks fell on Thursday, extending declines after a weak start to the year as persistent doubts over the timing and scale of the Federal Reserve’s interest rate cuts saw investors lock-in more profits.

04.01 / 02:14

UPS Manufacturing economy Enterprise show reports China services activity rises more than expected in Dec- Caixin PMI

Investing.com-- China’s service sector grew past expectations in December, a private survey showed on Thursday, as continued stimulus measures helped push up local demand, while a rout in overseas orders also eased.

04.01 / 01:28

UPS FIVE economy Hyundai country Fantastic four - Hyundai, Tata, M&M and Toyota - fire up Motown, drive into record books

car sales, only four companies — Hyundai, Tata Motors, Mahindra & Mahindra and Toyota — hit new highs, amid weak demand at the lower end of the market. Market leader Maruti Suzuki got to 1.71 million units, but that was still short of its pre-Covid record of 1.73 million units registered in 2018. Honda reported sales of 84,289 units last year, significantly lower than its peak volume of 202,403 units in 2015. Volkswagen sold 43,481 units, short of its high of 66,783 units in 2012.

04.01 / 00:51

Manufacturing security economy Research President show country Metal companies plunge as China growth worries deepen

metal companies were among the top losers Wednesday as fresh concerns over the economic prospects of China, one of the largest consumers of commodities like steel, aluminium, and copper among others, prompted traders to cut their bets. The Nifty Metal index fell 1.81% Wednesday. Among steel producers, JSW Steel, SAIL and Tata Steel slumped 3-4%.

03.01 / 20:36

UPS Fighting economy Trade War poverty country NOT Outbreaks of war must not distract us from our collective priorities

The ongoing war in Ukraine and the fighting in Gaza following Hamas’s 7 October terrorist attack must not distract the world from our collective priorities: reducing our carbon dioxide emissions, aiming for carbon neutrality by 2050, preserving biodiversity, and fighting poverty and inequality. This is the doctrine France is implementing at an international level, through the Paris Pact for People and the Planet and the One Planet summits. The cornerstone of our strategy must be to speed up the ecological transition as well as the fight against poverty.

03.01 / 20:34

Target economy Food President performer reports Fed’s Thomas Barkin says soft landing for US economy looks more likely, but hardly certain

Federal Reserve Bank of Richmond President Thomas Barkin said a soft landing for the US economy is looking more likely but hardly certain, noting he’d need more conviction about the path of inflation before supporting a rate cut. “A soft landing is increasingly conceivable but in no way inevitable," Barkin, who will vote on policy decisions this year, said in a speech Wednesday.

03.01 / 20:33

UPS Citi Provident economy Highways reports Hit-and-runs: truckers and the Indian economy

NEW DELHI : Truckers are protesting against proposed stringent punishment for hit-and-run accidents. It has led to fuel shortages in many cities and put the spotlight on the importance of this sector. Mint looks at the economics of truckers and their impact on the economy.

03.01 / 20:31

Platform Apple economy Tesla NVIDIA Trade Apple's stock nightmare, erases $370 billion in market value in past 4 days

Apple Inc., Amazon.com Inc., Alphabet Inc., Microsoft Corp., Meta Platforms Inc., Tesla Inc. and Nvidia Corp., have slipped for last four consecutive trading days, the longest losing streak in a month, according to the Bloomberg Magnificent 7 Price Return Index. Shares of Apple, down nearly 5% in the time period, lead the slump that’s erased roughly $370 billion in market value.

03.01 / 20:30

Target DOW Apple economy show Fed Minutes highlight ‘diminished’ inflation risks; here are key takeaways

Federal Reserve Minutes may elaborate on coming rate cut debate, here are 5 things to know "A few" Fed officials said they felt the Fed was approaching a point where the central bank may face a "tradeoff" between its dual goals of controlling inflation and maintaining high rates of employment - the sort of sacrifice policymakers have hoped to avoid in their search for a "soft landing" from the worst breakout of inflation in 40 years. "Participants pointed to the decline in inflation seen during 2023, noting the recent shift down in six-month inflation readings in particular," the minutes said, which through November were running just below the Fed's 2% target.

03.01 / 20:23

COST economy Food trends show reports economic data Explainer-Charting the Fed's economic data flow

(Reuters) — Federal Reserve officials project the U.S. central bank will cut its benchmark overnight interest rate during 2024, but the timing and pace of the reductions in borrowing costs will depend heavily on upcoming inflation and jobs data.

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