Trade Financial News

Dividend stocks in focus: Shares of Tata Consultancy Services (TCS) and HCL Technologies are under the radar of stock market investors and observers. Both Indian IT majors are trading ex-dividends today.

KUALA LUMPUR (Reuters) — Malaysia's economy likely grew 3.4% year-on-year in the fourth quarter of 2023, slightly faster than the previous three-month period, official advance estimates showed on Friday.

Investing.com-- Major Asian chipmaking and technology stocks rose sharply on Friday, tracking better than expected earnings from TSMC and as the chipmaking giant also flagged a positive outlook on AI demand.

Bitcoin slid to the lowest since mid-December as the speculative demand for the token sparked by hype about new exchange-traded funds dissipates, leaving the cryptocurrency in the red since the start of 2024. The largest digital asset briefly flirted with a drop below $40,000 before trading at $41,160 as of 6:30 a.m. Friday in Singapore, a decline of 3% in the past 24 hours. Smaller tokens like Ether, Solana and Polkadot also struggled. Bitcoin surged 157% last year on optimism about the eventual Jan. 11 launch of the first US exchange-traded funds to directly hold the token. Digital assets also got a tailwind from bets on looser monetary policy. Traders are now assessing how much money the ETFs attract and paring expectations for interest-rate cuts. “This type of correction after a significant run-up is normal for Bitcoin,” said Greg Moritz, co-founder at crypto hedge fund AltTab Capital.

Reliance Industries is scheduled to release its December quarter earnings after market hours on Friday. In the run-up to the earnings, some bit of caution in the market is set to prevail, as investors wouldn’t want to keep open positions ahead of the weekend. So far in January, shares of the index major have gained nearly 6%. The earnings and the outlook that RIL will offer will decide the sustainability of the gains in the counter. Let’s look at the major things to watch out for in the earnings scorecard of the toy-to-telecom conglomerate.

trading volume and margin, analysts said, if more investors dabble in bitcoin from the safety of cheap exchange trade funds tracking its spot price. It will also impact Coinbase's trading commissions and spreads — the difference between the bid and ask price, J.P. Morgan analyst Kenneth Worthington said.

By Samuel Shen, Casey Hall and Ellen Zhang

By Yuka Obayashi

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Nifty 50 formed a small positive candle on the daily chart with upper and lower shadow. Technically, this pattern indicates a formation of high wave type candle pattern at the lows, which signals high volatility in the market.

Sensex declined 313.90 points, or 0.44%, to close at 71,186.86, while the Nifty 50 settled 109.70 points, or 0.51%, lower at 21,462.25. Investors will now focus on the corporate earnings for the third quarter of FY24 which so far have been a mixed bag. “We expect the market to consolidate in a range with limited upside amid a global uncertain environment.

Houthi anti-ship missiles directed at the Red Sea. As reported by Reuters, escalating tensions in the region's maritime routes have caused disruptions in global trade, leading to concerns about potential supply constraints that could potentially revive inflation.

Investing.com — US stock futures moved minimally in Thursday's evening trade, following a positive session from major benchmark averages.

By Suzanne McGee

Investing.com-- Oil prices moved little in Asian trade on Friday, but were set for some gains this week as optimistic demand forecasts and output disruptions in the U.S. helped offset fears of slowing economic growth and high interest rates.

Jindal Stainless export targets hit as Red Sea crisis escalates That’s spooking the industry. Italian exporters fear kiwi and citrus fruits will spoil on the way, Chinese ginger is getting pricier and some African coffee cargoes were briefly delayed. Grain is being diverted from the Suez Canal and a livestock carrier bound for the Middle East has changed course.

NEW DELHI : India will not negotiate on any farm issue at the World Trade Organization (WTO) until the body finds a permanent solution to the issue of public stocks of foodgrains, a government official said, signalling a hardening of position ahead of the world body’s next ministerial meeting. India wants the matter settled as it prepares for the WTO’s 13th ministerial meeting in Abu Dhabi from 26-29 February. The ‘ministerial’ is the highest decision-making forum at the 164-member rule-setting body.

Investing.com-- Japanese consumer inflation eased as expected in December, furthering bets that the Bank of Japan will keep its ultra-dovish policy largely unchanged when it meets in the coming week.

Another tumultuous year has confirmed that the global economy is at a turning point. We face four big challenges: a climate transition, good-jobs problem, an economic-development crisis and the search for a newer, healthier form of globalization. To address each, we must leave behind established modes of thinking and seek creative workable solutions, while recognizing that these efforts will be necessarily uncoordinated and experimental.

Newly launched Bitcoin spot ETFs saw their highest daily flows on their fourth day of trading, absorbing $913.6 million on Wednesday.

The crypto exchange Woo has secured $9 million in a recent funding round. The capital injection came from existing and prospective market makers trading platform.

Layer-2 blockchain Manta Network suffered a DDoS attack shortly after successfully listing its Manta token on multiple exchanges.