Trade Financial News

The use of cryptocurrencies is growing with each change in the time of year. This led to the emergence of specialized services that allow users to exchange digital coins for other coins or fiat money.

Also Read: Gold and silver prices Today on 16-01-2024 : Check latest rates in your city Fed Governor Christopher Waller is scheduled to deliver a speech on the economic outlook before the Brookings Institution, with at least other six officials due to speak this week. "Fed officials probably will keep a neutral guidance, keeping all options on the table based on incoming data. So to see gold prices tick higher, we need to remain on a soft landing path," said UBS analyst Giovanni Staunovo.

Download OKX app from Google Play Store 2. Open the app and Click on Get Started and Then you can see Create an account option. 3.

NEW DELHI : India is taking a tough stand on non-tariff barriers being imposed on Indian exports by other countries and would also take similar measures on a reciprocal basis, Commerce and Industry Minister Piyush Goyal said on Tuesday. He asked the industry to share a list of such measures so that India can flag them with the respective nations. Many of India's exports suffer due to such barriers which include cumbersome prior registration requirements, higher pesticide levels, and unreasonable domestic standards/rules in many countries.

After becoming the first new addition to a prestigious club of United Kingdom bond dealers since 2011, Bank of Montreal is looking to use the role as a springboard into European debt markets.

Goldman Sachs’ profits jumped 51% from a year earlier, the investment banks said Tuesday, helped by the strong returns in the overall market in the last three months of the year

«For a sustained upward movement towards 22,300 level, the index needs to decisively break above the 22,150 mark. On the downside, the immediate support is located at 21,950, and a clear break below this level could trigger further corrections towards the 21,800 mark,» said Kunal Shah, senior technical & derivative analyst at LKP Securities. Here are 2 stock recommendations for Wednesday: Buy BSE at Rs 2,317-2,320 Target Price: Rs 2,450 Stop Loss: Rs 2,250 BSE is seen to be breaking out of a pattern formation and making a bullish candlestick on the daily timeframe, which indicates strength.

Mergers and acquisition chatter in the registered investment advisor market started off at a substantial volume in 2024 as reports of Fisher Investments potentially seeking a buyer kicked off the new year. Fisher Investments, with $236 billion in client assets, denied the reports.

Dr. Nicole B. Simpson, CEO at Harvest Wealth Financial, will never forget where she was on the morning of September 11, 2001.   

Investing.com -- U.S. stock futures slip, as markets on Wall Street prepare to reopen after a holiday on Monday. Earnings from Goldman Sachs and Morgan Stanley will be in focus, along with a speech from Federal Reserve Governor Christopher Waller. Elsewhere, Elon Musk calls for a greater stake in Tesla (NASDAQ:TSLA), saying he would prefer to build products outside the electric carmaker if his holdings are not increased.

Investing.com — U.S. stock futures fell Tuesday ahead of the release of more important bank earnings, which, along with a speech by Fed Governor Christopher Waller, could provide more clues as to the economic health of the world’s largest economy. 

Investing.com — Goldman Sachs (NYSE:GS) has reported fourth-quarter revenue that topped analysts estimates thanks in part to strength in equity sales and trading that helped offset weakness at the Wall Street giant's core investment banking unit.

Former BitMEX CEO Arthur Hayes believes the emergence of spot Bitcoin (BTC) exchange-traded funds (ETFs) would be a game-changer for traders worldwide.

Shares are lower in Europe and Asia, with Hong Kong's benchmark down more than 2% as jitters over China's outlook cast a shadow over regional markets

U.S. importers are rediscovering the lure of Southern California ports. Trade is swinging back to the ports of Los Angeles and Long Beach after a period in which pandemic-driven shipping disruptions and broader shifts in manufacturing pushed supply chains more heavily toward Gulf Coast and East Coast ports.

₹450 crore and an offer for sale of up to 2,412,685 equity shares. For the IPO, Nuvama Wealth Management, DAM Capital Advisors, and Equirus Capital Private are the book-running lead managers.

Emerging-market stocks have dropped in the first half of January, something that hasn’t happened since 2016. Sentiment has taken a knock from growing uncertainty about when the Federal Reserve will begin to loosen monetary policy, with traders keenly awaiting a speech by Fed Governor Christopher Waller later Tuesday for insights. Meanwhile, investors are scrambling to price a host of geopolitical events from the Middle East to the US, where markets are weighing a potential return of Donald Trump to the White House. MSCI Inc.’s index of developing-nation stocks slumped 1.2% on Tuesday, the most in almost two weeks, to trade at its lowest since Dec. 14 and extending its January declines to 4%. The currency index was led lower by South Korea’s won and the rand as a gauge for dollar strength rose to a one-month high. The last two comparable bad starts to a year have preceded major emerging-market rallies. In 2016, the January slump followed the first Fed rate hike in almost a decade. Higher US rates sparked a brief capital flight from riskier assets, leading to an 11% plunge by mid-January of 2016. However, things soon turned around as investors chased cheaper valuations, and EM stocks began a two-year, $8.3 trillion rally. Something similar happened in 2009. The Fed dropped benchmark interest rates to near zero in December 2008, but investors fretted over the lingering effects of the global financial crisis and continued to dump emerging-market stocks well into January. Months later, as the US began a bull market, sentiment toward EM improved too, driving the MSCI gauge 75% higher over 2009. Easing Volatility Underpins Case for Emerging-Market Rebound

On the BSE, Northern Spirits(down 14.14 per cent), Angel One(down 14.10 per cent), PM Telelinks(down 13.33 per cent), City Crops Agro(down 12.57 per cent) and Umiya Tubes Ltd.(down 10.00 per cent) stood among the top losers in today's trade. In the Nifty pack, 16 stocks closed in the green, while 34 stocks ended in the red.

Shares of Biocon Ltd.(up 2.32 per cent) and Alkem Laboratories Ltd.(up 0.46 per cent) ended the day as top gainers in the pack. On the other hand, Aurobindo Pharma Ltd.(down 2.68 per cent), Divi's Laboratories Ltd.(down 2.44 per cent), Glenmark Pharmaceuticals Ltd.(down 2.34 per cent), Pfizer Ltd.(down 2.11 per cent) and Natco Pharma Ltd.(down 1.97 per cent) finished as the top losers of the day.

Shares of Sobha Ltd.(up 2.79 per cent), Mahindra Lifespace Developers Ltd.(up 0.32 per cent) and Brigade Enterprises Ltd.(up 0.28 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers Ltd.(down 2.86 per cent), Oberoi Realty Ltd.(down 2.72 per cent), DLF Ltd.(down 2.31 per cent), Prestige Estates Projects Ltd.(down 2.31 per cent) and Phoenix Mills Ltd.(down 1.38 per cent) finished as the top losers of the day.

Shares of IDFC First Bank Ltd.(up 1.79 per cent), Au Small Finance Bank Ltd.(up 0.46 per cent), HDFC Bank Ltd.(up 0.38 per cent), Bank of Baroda(up 0.07 per cent) and Punjab National Bank(up 0.06 per cent) ended the day as top gainers in the pack. On the other hand, Federal Bank Ltd.(down 2.13 per cent), IndusInd Bank Ltd.(down 1.3 per cent), Bandhan Bank Ltd.(down 0.55 per cent), State Bank of India(down 0.5 per cent) and Kotak Mahindra Bank Ltd.(down 0.19 per cent) finished as the top losers of the day.