Lowe's Financial News

(Reuters) — China's economy grew at a faster-than-expected clip in the third quarter from a year earlier, official data showed on Wednesday, suggesting the recent recovery may carry enough steam to reach Beijing's full-year growth target.

“Gold is an integral part of portfolios due to its lower returns correlation to other asset classes including equities. Tactically too, in our model portfolios, we are reducing the allocation to mid and small caps while rebalancing gold,” says Roopali Prabhu, Head of Products & Solutions, Sanctum Wealth. In an interview with ETMarkets, Prabhu said: “If the risk intensifies in financial markets or geopolitical context, we will probably add some gold to our portfolios” Edited excerpts: Indian market seems to be consolidating after hitting a high in September largely on account of global factors. What is your take? Since the beginning of this US rate hike cycle last year, markets constantly believed that the Fed would not hike as much as they were projecting and instead would cut earlier. However, the Fed followed through on its commentary until the recent hawkish pause. The mixed data coming from the US is now being interpreted as resilience and markets finally are realigning their rate cut expectations closer to those of the Fed.

mutual funds through SIPs with monthly collections surging past the Rs 16,000 crore mark. However, there are still many myths surrounding this mode of investment into risk assets. Do sips offer guaranteed returns? Often illustrations for SIPs show past returns for tenures of 5-10 years, where returns could range between 10% and 20% annualised based on the type of equity fund chosen. However, this does not mean that these returns are guaranteed. Money managers point out that SIPs are merely a mode of investing in mutual funds, where a fixed amount is invested on a particular date every month. About 90% of the SIPs go into equity-oriented mutual funds in which case the money is deployed in the stock markets, which carry a degree of risk and volatility. Since returns from stocks are not guaranteed, consequently returns from SIPs are not guaranteed either. Can sips be done only in equity funds and are they meant only for retail investors? A SIP can be done in any mutual fund scheme — be it equity, debt, gold or an international fund. While a minimum SIP amount in most cases is Rs 500 per month or Rs 1,000 a month, there is generally no upper limit and it can be done even by rich investors. It is a method of investing in mutual funds and imparts discipline while investing; so it can be used by all investors.

Investing.com-- Gold prices steadied after early declines on Tuesday as markets hunkered down before several upcoming cues on the U.S. economy, as well as a series of addresses from Federal Reserve officials.

Gold loan companies are seeing a surge in demand from semiurban and rural areas ahead of the festive season, with small businesses and individuals monetising their holdings to raise funds amid a general credit crunch. The recent rally in gold prices following the developments in West Asia has also made such loans attractive by raising eligibility. “There is completely no fear of Covid in this year’s festive season.

Goldman Sachs saw its third quarter earnings fall 33%, with the investment bank seeing muted market conditions that allowed fewer deals and market making opportunities for the firm

By Caroline Valetkevitch

job vacancies also declined, official figures showed on Tuesday, in a sign that the labour market is losing momentum. British average earnings, excluding bonuses, were 7.8% higher than a year earlier during the three months to August, down from an upwardly revised 7.9% in the three months to July, the first such fall since January. Average earnings are being monitored by the Bank of England as it considers whether to resume raising interest rates to counter the risks from still-high inflation. The latest reading from Britain's Office for National Statistics was in line with expectations from economists polled by Reuters, but sterling fell slightly against the U.S. dollar after the data. «While wage growth is still much too strong for the Bank of England's liking, there's nothing in the latest data that's likely to push the committee into a rate hike at the November meeting,» ING economist James Smith said. Private-sector regular pay — the component looked at most closely by the BoE — saw annual growth slow to 8.0% in the three months to August, from 8.1%. Annual growth in total pay — a more volatile measure which includes one-off bonuses — slowed more than expected to 8.1% in the quarter through August, from an unrevised 8.5% in the May to July period. However, with consumer price inflation of 6.7% in August, the real-terms increase in pay was far smaller. Regular pay, adjusted for CPI inflation, grew by an annual 0.7% in the three months to August.

Gaza Strip was worsening, with only four or five days of stocks left in the shops. WFP said stocks were getting low in warehouses inside the Palestinian enclave, but at the shop level, the situation was even more acute. «The situation in Gaza is getting worse by the minute: the humanitarian situation but also of course the food security situation,» WFP's Middle East spokeswoman Abeer Etefa, told reporters at the UN in Geneva via video-link from Cairo. «The current stocks of essential food commodities are sufficient for only two weeks — and that's at the wholesalers' level,» she said, with the warehouses located in Gaza City in the north of the territory and shops having difficulties replenishing supplies. «Inside the shops, the stocks are getting close to less than a few days, maybe four or five days of food stocks left.» Gaza-based Hamas fighters broke through Israel's heavily fortified border on October 7, killing more than 1,400 people, most of them civilians. Israel has responded with withering air strikes on Hamas-controlled Gaza and by deploying tens of thousands of troops to the border in preparation for a full-scale ground offensive. Israel has demanded that residents of north Gaza leave for the south, hoping to clear the area of civilians in preparation for a perilous urban ground assault. Etefa said that out of five flour mills in the Gaza Strip, only one was operating due to security concerns and the unavailability of fuel. «So the bread supply is running low and people are lining up for hours to get bread,» she said. Only five bakeries out of 23 in Gaza contracted by WFP were still in operation, she added.

Reserve Bank of India (RBI) could consider rolling over a $5-billion foreign exchange swap set to mature next week as the central bank, which has repeatedly flagged inflationary risks stemming from excess funds with banks, prioritises liquidity management over bolstering forex reserves. Some investors believe that a current deficit in headline liquidity prints and expected currency leakage during the festive season make a case for the RBI to let the swap mature on October 23, potentially leading to an inflow of around ₹40,000 crore in the banking system. However, others pointed out that with core liquidity remaining at a large surplus, the RBI is likely to accord more importance to the battle against inflation, given the central bank's worries about excess cash with banks fuelling consumer price pressures. «After the phasing out of the residual Incremental Cash Reserve Ratio, the core systemic liquidity surplus is currently close to ₹3 trillion, despite headline liquidity oscillating between positive and negative values,» Vivek Kumar, economist, Quanteco Research said. Core liquidity accounts for the government's cash balances, which cyclically flow in and out of the banking system. «With the government running down its surplus cash position in the coming months, headline liquidity would get a boost.

Dimensions: The USB-C Apple Pencil measures 7.5 x 155 mm and weighs 20.5 grams - nearly identical to the Apple Pencil 2. The USB-C Apple Pencil will be available for customers in early November this year.

Apple on Tuesday brought more choice to iPad users with a new and affordable Apple Pencil that offers pixel-perfect accuracy, low latency and tilt sensitivity. Designed with a matte finish and a flat side that magnetically attaches to the side of iPad for storage, the new Apple Pencil pairs and charges with a USB-C cable.

MEUDON, France (Reuters) — Stellantis (NYSE:STLA) plans to base seven models on a fifth, low-cost platform, an executive for the automaker said on Tuesday, as it prepares to compete against an expected 'flood' of cheap Chinese electric (EV) cars into Europe.

By Karen Brettell and Samuel Indyk

Investing.com — U.S. futures slipped lower Tuesday, handing back some of the previous session’s gains as investors digest more influential quarterly earnings.

The Middle East’s latest conflagration has got Wall Street’s forex researchers on the overdrive, forecasting possibilities for the euro to reach parity with the US dollar amid speculation the crisis will drive up Europe’s inflation with higher energy costs.

Download and Install the App: If you haven't already, download and install the OKX mobile app on your smartphone. You can find the app on the Apple App Store or Google Play Store. Sign Up or Log In: If you're a new user, you'll need to create an account.

Fears of a recession and pressure from inflation have Canadians feeling less like Santa and more like Scrooge heading into the holidays, a new survey from Deloitte Canada shows.

Inflation cooled to 3.8 per cent nationally last month, Statistics Canada said Tuesday, down from 4.0 per cent in August and snapping a streak of two consecutive monthly accelerations.

As on-chain markets continue to thrive, Precipitate.AI (RAIN) token emerges as the latest break-out following a stunning +900% rally - but could Bitcoin Minetrix offer superior returns?

Domestic benchmark index NSE Nifty ended 79.75 points up at 19811.5, while the BSE Sensex closed 261.16 points up at 66428.09. On the other hand, KIOCL, Keynote Financial, Cinevista Ltd, FACT and TRF Ltd stocks hit their fresh 52-week highs today.