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Citigroup economists believe that Jerome Powell faces a “major” decision at Wednesday's FOMC meeting: whether to accept the loosening of financial conditions or resist it.

Oppenheimer Asset Management predicts that strong earnings growth and a resilient economy will drive the S&P 500 to a record high of 5,200 by the end of 2024, representing approximately 13% upside from the current level.

Investors are still digesting the Friday economic data, including a hotter-than-expected jobs report, while also preparing for the busy calendar of macro catalysts, including the release of U.S. inflation data and FOMC decision.

Shejaiya district of Gaza City, while also conducting airstrikes on Rafah, a town on the southern border with Egypt where the Israeli army has told people in Gaza to take shelter. Haaretz published an analysis by Yagil Levy, a sociology professor at the Open University of Israel, which found that in three earlier campaigns in Gaza, in the period from 2012-22, the ratio of civilian deaths to the total of those killed in airstrikes hovered at about 40%.

BSE PSU index, reflecting public sector enterprise performance, surged by 46.43% this year so far, surpassing the 14.93% return of the benchmark BSE Sensex index. Out of the 55 constituents of the BSE PSU index, an impressive 53 have achieved double-digit returns in CY23, with power-related companies leading the way. Rural Electrification Corporation (REC) topped the list with a remarkable 250% return in CY23, marking its most substantial yearly gain since 2009.

GDP growth will moderate to 6.5 per cent in FY25, mainly due to global headwinds, Axis Bank's chief economist Neelkanth Mishra said on Monday. India's GDP is 7 per cent lower than what it would have been if the pre-pandemic GDP growth trend had continued, Mishra added. It can be noted that last Friday, the Reserve Bank sharply upped its FY24 growth estimate to 7 per cent from the earlier 6.5 per cent.

Reserve Bank of India’s latest policy tone suggests that it could tolerate funds flowing to the system through government spending as long as durable liquidity keeps reducing, in line with the central bank’s inflation targeting aim. “Should govt spending pick up in Q4 and lead to system liquidity improving then that could see overnight rates falling back towards Repo rate. As long as that process is coterminous with a fall in durable liquidity RBI should allow the reset in overnight rates to play out,” economists from ICICI Securities Primary Dealership wrote in a December 11 note. An easing call rate indicates lower cost of borrowing in the economy as a host of financial instruments are linked to the interbank rate of borrowing and lending. The economists pointed out that in the RBI’s latest monetary policy statement on December 8, governor Shaktikanta Das had emphasized that factors such as a rise in currency in circulation had mopped up a portion of durable liquidity surplus in the banking system in the ongoing quarter. Moreover, Das also alluded to a compression in the RBI’s balance sheet from pandemic highs, indicating that a large part of the excess liquidity sloshing around the system during the pandemic had already been tackled by the central bank.

Macy's (NYSE:M) shares surged by 20% in U.S. premarket trading Monday following a $5.8 billion buyout offer from Arkhouse Management and Brigade Capital Management.

Wedbush analysts lifted their price target on Apple (AAPL) by $10 to $250 per share heading into 2024.

Investing.com — China’s disinflationary trend worsened in November, data showed over the weekend, with consumer prices falling at their fastest pace in three years, while producer prices remained in contraction for a fourteenth consecutive month.

Cigna Group (NYSE:CI) has reportedly abandoned its pursuit of a merger with Humana (NYSE:HUM) after facing shareholder resistance to the proposed deal, which aimed to create a health-insurance giant worth around $140 billion.

Orchid Pharma (ORCD) rising another 23 percent in the next 12 months. The brokerage has initiated coverage on the stock with a ‘buy’ call and a target price of ₹800. ORCD is poised for robust growth in the next three years under the leadership of the new management, Dhanuka Group, effectively implementing a turnaround strategy and capitalising on ORCD's strengths in Cephalosporin APIs.

Hindustan Unilever share price has declined 7% in last one year and was down almost 1% in intraday trades on Monday. Hindustan Unilever remains amongst few underperformers compared to gains seen by the benchmark indices. The Nifty-50 index during the period is up more than 13% and S&P BSE Sensex is up 12.55% The volume growth remains a key concern for the companies in the consumer discretionary space and Hindustan Unilever has seen the impact.

'India Economics Outlook 2024: India Resilient in a growth-challenged World,' the report has said that the Indian economy, while resilient, is not immune to the deceleration expected in the next fiscal year. This projection comes against the backdrop of the Reserve Bank of India's recent revision of the growth forecast for FY24 to 7%, an increase from the previous 6.5%, buoyed by factors such as rising rural consumption and increasing capital expenditure.

Coforge from ₹6,250 to ₹6,580, while maintaining the 'buy' recommendation. This decision is grounded in Coforge's strategic initiative to enhance margins by 150-300 basis points over the next 3-4 years through cost optimization. Coforge stock gained 1.81% during an intraday trade on Monday, December 11 to ₹5,906 per share on NSE.

Bharat Electronics Ltd (BEL) have been hitting new highs of late. On Monday the state-owned aerospace and defence electronics company’s stock scaled a new 52-week high at ₹163.25. This momentum follows the announcement of significant order wins totalling ₹3,915 crore last week, including a ₹580-crore order from the Indian Army for artificial magnetic conductors (AMC) used in radars.

copper demand is likely to grow 11 per cent in the current financial year on the back of the government's thrust on infrastructure development and a gradual transition to green energy, ICRA said on Monday. The rating agency further said it expects a stable outlook for the country's domestic sector.

Parliamentary panel on Monday said there was a dire need to enact a new law and give wider powers to the federal agency so that it can probe cases without a «state's consent and interference». At the same time, the panel said that some safeguards should also be laid down to ensure objectivity and impartiality in the functioning of CBI so that the states also don't feel discriminated against.

US President Joe Biden calls labor market numbers ‘a sweet spot,’ expects Fed to call off interest rate hikes In its last policy meeting on November 1, Jerome Powell-led Federal Open Market Committee (FOMC) decided to keep the key overnight interest rates unchanged at 5.25-5.50 per cent. The central bank had kept interest rates steady at a 22-year high for the second time in a row, as inflation still remains above the Fed's 2 per cent target level.

tax collection target of Rs 33.61 lakh crore for current fiscal in the revised estimates, a senior finance ministry official said on Monday. «So far, direct tax collection is up by about 20 per cent and indirect tax is higher by 5 per cent. We have data till the eight months of the fiscal and usually the collections are better in the first half.