Week Financial News

Investing.com — Federal Reserve officials gather for the central bank’s annual get-together at Jackson Hole, Wyoming with a speech by Federal Reserve Chairman Jerome Powell the main highlight. The deepening crisis in China’s property sector will remain to the fore, while PMI data out of the Eurozone and the UK will likely add to the gloom. Here’s what you need to know to start your week.

Investing.com — Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast makes a splash in its market debut; Tesla cuts prices in China; and Mullen continues to fight delisting.

India and the UK along with a free trade agreement will figure prominently during the visit of a high-level team from Britain here, an official said. UK Secretary of State for Business and Trade Kemi Badenoch and Director General for Trade Negotiations at the Department for Business and Trade (DBT) Amanda Brooks are visiting India this week. Besides participating in the G20 Trade and Investment Ministerial Meeting in Jaipur on August 24-25, the UK minister will hold bilateral talks with Commerce and Industry Minister Piyush Goyal on August 26 here and review the progress of talks on the free trade agreement.

Aeroflex Industries and Vishnu Prakash R Punglia will open for public subscription this week. Beside, there are three other IPOs including that of Aeroflex Industries, which kicked off last week and will be available through the current week.Aeroflex Industries The initial public offer (IPO) of Aeroflex Industries will open on August 22 and close on August 24. The anchor investors' subscription will be done on August 21. The IPO comprises fresh equity issue of Rs 162 crore and offer for sale (OFS) of 1.75 crore equity shares. Under the OFS, promoter SAT Industries will offload the 1.75 crore shares.

OTT releases of next week. Also Read| Movies, web series OTT releases this week: From Ghoomer in theatres to Guns & Gulaabs on Netflix Part of the Star Wars franchise, Ashoka is a miniseries focused on the life of a former Jedi Knight Ahsoka Tano. The cast for the show includes Rosario Dawson, Wes Chatham, Mary Elizabeth Winstead, Hayden Christensen, Ray Stevenson, David Tennant and Natasha Liu Bordizzo.

Also read: Movies, web series OTT releases this week: From Ghoomer in theatres to Guns & Gulaabs on Netflix Theatrical Release Date: August 25, 2023 Genre: Action Thriller in Telugu "Gaandeevadhari Arjuna" is a Telugu action thriller film written and directed by Praveen Sattaru. The movie stars Varun Tej, Sakshi Vaidhya, and Vinay Rai in prominent roles, with Mickey J Meyer providing the film's soundtrack.

Wall Street limped to the finish line of its third losing week in a row

«For the first time in 15 months, the Indian equity market fell for the fourth week in a row. Sensex, Nifty, and Nifty Bank fell nearly 1% each with 31 Nifty stocks recording losses. This can be attributed to profit booking in the Nifty metal sector and selling activity by foreign institutional investors (FIIs).

surged to a 15-month high at 7.44 per cent primarily driven by a rise in food prices especially vegetables, breaching the RBI's upper tolerance level of 6 per cent for the first time in five months. RBI in its August bulletin mentioned the industrial production and trade weakening, the slowing of global recovery after a robust performance in the April-June quarter. The Indian economy is gathering momentum in Q2FY24 with headline inflation expected to average above 6 per cent, said the central bank.

USTR) Katherine Tai will visit India next week for the G20 Trade and Investment Ministers’ Meeting (TIMM), Washington said in a statement. On August 23-25, Tai will be in Jaipur for the TIMM where she would participate in G20 sessions on how enhanced multilateral trade can facilitate inclusive prosperity and increased global resilience. “She will also hold bilateral meetings with her counterparts on the margins of G20 events,” USTR office said in a statement. On August 26, Tai will meet with business leaders and hold bilateral meetings with government officials. India has identified five priority issues—growth and prosperity, resilient global value chains, MSMEs, logistics, and World Trade Organization (WTO) reform—under its G20 presidency from December 1, 2022 to November 30, 2023.

Wall Street limped to the finish line of its third losing week in a row

Here we list out details in regard to the some of the dividend stocks: Reliance Industries: The company declared a final dividend of ₹9. Shares will trade ex-dividend on August 21. ICICI Securities: The company declared a final dividend of ₹9.25.

₹94 to ₹99 per equity share for the proposed initial public offer. The anchor investors' auction will begin on Wednesday, August 23. Bids can be made for a minimum of 150 equity shares and in multiples of 150 equity shares thereafter.

BSE Sensex ended at 64,948.66 down 202.36 points or down 0.31% while the Nifty also closed at 19,310.15 level, down 55.10 points or 0.28%. Also Read: Market Wrap: Sensex falls 200 points, Nifty ends around 19,300 amid weak global cues According to Sameet Chavan - Chief Analyst - Technical and Derivatives, Angel One, although, the correction has not been severe, the Nifty has marked negative close in last four consecutive weeks. The global headwinds and banking related concerns post the RBI policy are keeping our markets under pressure, whereas the inherent strength in other spaces is providing some support at lower levels.

Investors should brace for more correction in the week ahead and watch out for a crucial support zone of 19,100-19,200 says Aamar Deo Singh, Head Advisory atAngel One while listing FII flows and currency movement among top triggers for the markets. He also suggests likelihood of profit booking in small cap and mid cap stocks after a strong rally over many months while spelling out his strategy on Adani Power, Nykaa and others.

Donald Trump and several allies were indicted in Georgia on Monday, accused of scheming to illegally overturn his 2020 election loss in the state. It's the fourth criminal case to be brought against the former president and the second to allege that he tried to subvert the results of the vote.

benchmarks Sensex and Nifty 50 clocked losses for the fourth straight week, the broader market also lost some of its momentum as was visible in the stock performance. In the week gone by, 55 smallcap stocks gave double-digit positive weekly returns, as compared to 75 stocks a week ago. In the BSE 500 index, 24 stocks had given double-digit returns in the week ended August 11, but this number was sharply down to six in the week ended August 18, data by Ace Equity showed.

U.S. stocks this year have shifted to a more neutral outlook, potentially leaving equities vulnerable to turbulence from a recent surge in bond yields and worries over China's economy, investors said. Some investors watch so-called contrarian indicators to gauge the market's mood, with extreme pessimism thought to be a good sign to buy and vice versa.

summer camp season and not to be left out, U.S. rate setters and overseas pals gather in Jackson Hole, Wyoming, to talk central banking. The so-called BRICS grouping gathers too amid increasing disquiet in some big emerging markets, while business activity data globally and China property woes mean August is proving far from dull.1/ SUMMER CAMP! U.S.

(Reuters) -Bank credit at U.S. commercial banks shrank in the latest week as commercial banks pulled back on lending to businesses, data published by the Federal Reserve showed on Friday.

Investing.com — The Dow eked out a win, but that was of mere consolation as stocks posted their worst weekly loss since March ahead of the Fed chair Jerome Powell’s appearance at the Jackson Hole economic policy symposium next week.