Trade Financial News

The bond trade that some of Wall Street’s biggest banks say will dominate the rest of 2024 is gaining steam before a crucial inflation reading that will help seal the wager’s fate.

Germany's top security official says the country will bar the use of critical components made by Chinese companies Huawei and ZTE in core parts of its 5G networks in two steps starting in 2026

Shares of TVS Motor Company Ltd.(up 2.72 per cent), Bajaj Auto Ltd.(up 1.85 per cent), Ashok Leyland Ltd.(up 1.08 per cent), Eicher Motors Ltd.(up 1.02 per cent) and Balkrishna Industries Ltd.(up 0.95 per cent) ended the day as top gainers in the pack.

Asian shares are trading mostly higher after Wall Street benchmarks reached more milestones

Shiba Shootout ($SHIBASHOOT) is blazing ahead, hitting the $600,000 mark in its presale.

Stocks that traded heavily or had substantial price changes on Friday: AT&T, Wells Fargo fall; Fastenal, Bank of New York Mellon rise

Nasdaq rose on Wednesday to post record high closes, as data pointing to a softening economy raised hopes the Federal Reserve could cut interest rates in September. The Dow Jones Industrial Average closed slightly lower, pressured by selling in healthcare and consumer stocks during a shortened trading session ahead of the Fourth of July. The market will stay closed on Thursday for U.S. Independence Day, keeping trading volumes thin throughout the week.

Japan's Nikkei 225 stock index has ended at a record high close

A Louisiana judge says the Biden administration can't delay consideration of projects aimed at exporting liquefied natural gas while a legal challenge plays out in federal court

Tube Investments of India Ltd. traded 1.87 per cent up at Rs 4232.95 at around 02:09PM (IST) on Friday. The stock had closed at Rs 4313.7 in the previous session. Equity benchmark Sensex traded 316.14 points lower at 79733.53 around the same time.

Stocks that were in focus include names like KIMS, which rose 3%, Nykaa, which gained 0.11%, and M&M, whose shares declined 6.69% on Wednesday.

Stocks that are trading heavily or have substantial price changes on Wednesday: Goodyear, Smart Global rise; LegalZoom, falls

debt after domestic securities were included in a global index. The benchmark 10-year yield ended at 6.9987%, following its previous close of 7.0112%.

Investors looking to make a broad-based thematic bet in a market that is trading at all-time highs can consider a banking fund to benefit from attractive valuations while diversifying their portfolio. Recent underperformance of the Nifty Financial Services Index, bank non-performing assets at decadal lows, lower valuations and strong growth prospects for the Indian economy, provide a good entry point, believe fund managers. Investors can make a lump sum investment and allocate 5-10% of their portfolio to such funds, fund managers say. Fund managers point out that the Nifty Financial Services Index has lagged the broader Nifty 50 index over the last three years. The Nifty Financial Services Index gained 17.19% and 43.24% in the last one and three years, respectively, underperforming the Nifty 50's gain of 25.26% and 54.19%.

commerce ministry said on Wednesday. The mutual recognition agreement (MRA) will ease the export of organic products by avoiding dual certifications, thereby reducing compliance cost, simplifying compliance requirements by adhering to only one regulation and enhancing trade opportunities in the organic sector. It said the pact will pave the way for export of major Indian organic products such as rice, processed food, green/black and herbal tea, medicinal plant products to Taiwan. The implementing agencies for the MRA are India's Agricultural and Processed Food Products Export Development Authority (APEDA) and Taiwan's Agriculture and Food Agency.

NEW YORK — JPMorgan Chase Co.‘s profits jumped sharply in the second quarter as the bank cashed in billions of dollars of its holdings in Visa Inc. But the bank’s results were also helped by higher interest rates, as well as consumers who seemed to still want to spend, despite geopolitical and economic uncertainties.

Marico Ltd. rose 0.93 per cent to Rs 650.8 in Friday's trade. It hit an intraday high of Rs 651.0 and low of Rs 636.75, respectively, during the day. The stock quoted a 52-week high price of Rs 666.85 and low of Rs 486.75.

silver steadied. Gold August futures contracts and silver September futures contracts on Monday opened flat at Rs 72,966 per 10 grams and Rs 93,380/kg respectively. Gold August future contracts at MCX opened flat today at Rs 70,977 per 10 gram, which is down by merely 0.16% or Rs 112 while silver September futures contracts were trading at Rs 88,743/kg, down by 0.44% or Rs 392.

Building a new factory? Budget may extend concessional tax rate for a year The plan is to encourage more value addition in segments where local production is predominantly in the nature of assembling imported components, the person said. Improving ease of doing business and cutting red tape in claiming tax refunds are also high on the government’s priority. Experts said that an amnesty scheme under customs is the need of the hour.

The Association of Investment Companies CEO Richard Stone, said plans are in place to write to the new economic secretary to the Treasury «as soon as they are appointed». The trade body has called for the reforms since 2018, when investment trusts were brought under the current scope of regulated cost disclosure. Stone reiterated the trade body's demands for this to be reversed to the new Labour Treasury. House of Lords condemns FCA's application of cost disclosure regime for investment trusts The issue stems from the UK's application of two pieces of European Union-derived regu...

Nvidia, Gamestop, AMD, and Tesla were among the most traded equities by investors with Schwab trading accounts, the firm has revealed.