Lowe's Financial News

The downturn in the commercial real estate market has investors looking for long-term buying opportunities — but the market’s not for the faint of heart, nor of cash.

By Gertrude Chavez-Dreyfuss

By Caroline Valetkevitch

NATO leaders are set to make a new defense spending pledge at their summit this week as support for Ukraine eats into their military budgets

Check out the companies making headlines in midday trading.

BJYM workers. Bharatiya Janata Yuva Morcha (BJYM) workers raised slogans against Thackeray after tearing his posters near the Nagpur airport. A local BJP leader said they will stage demonstrations on Tuesday morning in the city against the Shiv Sena (UBT) leader. Gadkari condemned the remarks of Thackeray. He said Thackeray can compare the development work done by BJP and Maharashtra Vikas Aghadi (MVA). «But levelling personal allegations at such a low level does not suit the political culture of Maharashtra,» the Nagpur MP tweeted.

Good morning,

Bitcoin has been stuck in a sideways movement since late June. Sellers have been exerting pressure around the $31,000 mark, but buyers have consistently stepped in around $30,000, showing resilience thus far.

By Tim Hepher

Tata Steel have been on a fresh uptrend for the past one month seizing a peak level of ₹115.35 apiece. Shares of the Tata Group-firm have risen in the range of two-five per cent in the past one week and is looking bright for further growth in the near-term. According to Religare Broking, the metal index has been inching gradually higher, after reclaiming the major averages in June 2023.

Goldman Sachs in a report on Monday said India, the fifth-largest economy, will become the second largest economy in the world by 2075 surpassing not only Japan and Germany but also the United States. According to the investment bank report the innovation and technology, higher capital investment and rising worker productivity to increase drastically due to the burgeoning population of the country. Currently, India is the world’s fifth-largest economy, behind Germany, Japan, China and the US.

The S&P 500 fell 1.2% last week as analysts continue to warn that the stocks are due for a pullback. For the first time in 4 months, the S&P 500 lost at least 0.25% on two consecutive days.

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The 175-member International Maritime Organization (IMO) notified its strategy on July 7 to decarbonise the global shipping sector and achieve net-zero emissions by 2050, the Global Trade Research Institute (GTRI) said. It added that IMO has also set interim targets for reducing emissions by 20-30 per cent by 2030 and 70-80 per cent by 2040, compared to 2008. It added that IMO has also suggested the shipping industry should switch to cleaner fuel. «By 2030 cleaner fuel must account for a minimum 5 per cent of total fuel use. IMO will notify detailed measures next year. While IMO recommendations are not legally binding, countries are expected to achieve the targets set. This year, few countries pushed for a flat tax of USD 100 per tonne of carbon emission by ships, yet IMO ignored the recommendation and set broad targets due to opposition from China and many developing countries,» GTRI co-founder Ajay Srivastava said.

Cyient DLM Ltd., Xchanging Sol, Vadilal Ind, Inox Wind Ltd. and Ksolves India, hit their fresh 52-week highs during Monday's trade on NSE.

Reliance Industries (RIL), while global sentiment was cautious ahead of key macro data and corporate earnings in the week ahead. "Global stocks took a breath on Monday after a surprisingly low reading on Chinese inflation and ahead of data on U.S. inflation and corporate earnings later in the week.

Shares of MPhasis(up 0.38 per cent) ended the day as top gainers in the pack. On the other hand, HCL Technologies(down 2.86 per cent), LTIMindtree Ltd(down 2.28 per cent), Tata Consultancy(down 1.72 per cent), Coforge(down 1.71 per cent) and Persistent Systems(down 1.68 per cent) finished as the top losers of the day.

Shares of Mahindra Lifespace Developers(up 2.04 per cent), Prestige Estates Projects(up 1.43 per cent), Indiabulls Real Estate(up 0.24 per cent) and Brigade Enterprises(up 0.09 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers(down 3.55 per cent), Phoenix Mills(down 2.29 per cent), SOBHA(down 1.84 per cent), Godrej Properties(down 0.52 per cent) and Oberoi Realty(down 0.26 per cent) finished as the top losers of the day.

The Reserve Bank will consider hiring an outsider after Westpac poached assistant governor Luci Ellis to succeed veteran chief economist Bill Evans, making her the first female chief economist at a big four bank.

Zomato as well as omnichannel beauty and fashion retailer Nykaa to arrive at this conclusion. “As noted in Q4FY23 (January-March 2023), we believe (the) consumption slowdown continued in Q1FY24E (April-June 2023) in most business-to-consumer (B2C) consumption categories. We think this is due to sustained consumer inflation and its impact on disposable income as ‘return to office’ continues to be implemented across the country.