Gold inches up after weak data fuels US rate cut bets
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
Dramatic gold price surge expected amid cautious Fed approach and weaker employment reports, signaling potential economic challenges ahead.
Israeli forces killed a senior Hezbollah commander in southern Lebanon with a drone strike, prompting Hezbollah to retaliate with a heavy rocket barrage across the border. The incident escalated tensions amid efforts by Western diplomats to prevent a full-scale war between Israel and Hezbollah. Cross-border exchanges intensified as Israeli officials discussed shifting military focus from Hamas in Gaza to Hezbollah, seen as a more formidable threat. The conflict has displaced over 150,000 people,... Читать дальше...
Reed Hastings, Netflix co-founder and prominent Democratic donor, publicly called for President Joe Biden to step aside from the Democratic presidential ticket, urging a stronger leader to face Trump in the upcoming election. Hastings, a major supporter of education reform and racial justice causes, has been vocal about his concerns, echoing private sentiments among Democratic megadonors. Despite Biden and White House officials affirming his intent to stay, Hastings' stance underscores growing divisions within Biden's support base. Читать дальше...
Sebi's MTF framework mandates collateralising existing shares. Kotak Securities cautions investors on MTF investments amidst surging margin funding in anticipation of Modi 3.0 budget.
The administration in J&K has remained skeptical about student activism in Kashmir Valley fearing political repercussions and thus didn't allow any organic student movement to take roots in any of the school, college or university campuses. "We support anyone who supports the nation and respects the national flag. We have no political agenda and engage with like minded NGOs and groups to bring positive change on ground," said Akshi Billowria, state secretary of the ABVP in J&K
Indian market hit fresh record highs on Wednesday tracking positive global cues.
Experts advocate cautious investment in multi-asset schemes like ICICI Pru Multi Asset and Kotak Multi Asset Allocator, especially in uncertain markets with rising gold prices and unexpected shifts, for diversified long-term gains.
Team India: The Indian cricket team returned to Delhi after winning the T20 World Cup in Barbados, delayed by a hurricane. Fans braved the weather to welcome their heroes. Led by Rohit Sharma, the team's victory over South Africa ended an 11-year ICC trophy drought. They will meet Prime Minister Narendra Modi and celebrate with a parade and ceremony in Mumbai.
Indian equities surge with Nifty crossing 24300 and Sensex breaching 80000. Tech view sets 24900 as the next target. Dollar weakens, oil prices fall, and rupee settles lower. FII net long increases to Rs 3.78 lakh crore. DIIs buy shares worth Rs 924 crore.
Speaker Om Birla has introduced a new clause to ensure MPs adhere strictly to the prescribed form of oath or affirmation during their swearing-in as Lok Sabha members. Effective from June 28, the amendment specifies that members must not add any words or expressions as prefixes or suffixes to the oath, as outlined in the Third Schedule to the Constitution of India. This action follows concerns raised by the Speaker regarding MPs deviating from the required text during oath-taking, including instances... Читать дальше...
Acme Solar Holdings files IPO prospectus to raise funds, targeting revenue from operations and profit after tax. The company plans to utilize proceeds for outstanding borrowings and general corporate purposes, with Nuvama Wealth Management involved. Acme Solar's portfolio includes firm and dispatchable renewable energy projects, serving off-takers like central government-backed entities, along with wind energy projects.
A study published in The Lancet Planetary Health journal reveals that high levels of PM2.5 air pollution in major Indian cities like Delhi, Bengaluru, and Mumbai are linked to a significant proportion of daily deaths. On average, 7.2% of daily deaths in these cities were attributable to PM2.5 levels exceeding WHO guidelines. Delhi showed the highest fraction of deaths associated with PM2.5 pollution.
Market confuses with record FII long-short ratio surge, hinting at shifting dynamics post-election. Chandan Taparia notes unusual stability despite ratio near 5, credits India's growing equity culture for market surge.
Equity indices soar as Sensex hits 80,000 fueled by banking stocks. Market anticipates rate cut, global support, and foreign investment. Earnings rise expected with stock rotation amidst market surge.
Amazon discontinues Astro for Business, offers $300 credit for replacements. Customers refunded for pre-paid fees as robot stops on Sept. 25. Reported by Harshita Mary Varghese and Juby Babu in Mexico City.
Microsoft agrees to pay $14 million to settle claims of retaliating against workers for taking leave in California. The settlement also mandates hiring a consultant and providing training to prevent future discrimination.
Exciting market dynamics unfold as Paramount Global, National Amusements, and First Foundation make significant moves, shaping investor sentiment and market trends.
Investors await US jobs report and British election outcome. Unemployment rate expected to remain steady. Chicago Fed President comments on interest rates.
Currency markets react to global economic trends, with sterling potentially shifting leadership from Rishi Sunak to Keir Starmer in the UK.
Happy Thursday! Online stock brokers, who used low fees to attract customers, now face an uncertain future with Sebi’s new rules. More on this in today’s ETtech Morning Dispatch.
Amidst economic fluctuations, rate cuts could enhance demand, endorsed by ANZ Research analysts, impacting the global oil market.
Nifty surpasses 24,300 with bullish momentum. Key companies perform well: Bajaj Finance, Vedanta, L&T Finance. Hindustan Zinc focuses on silver production growth. Indiabulls Housing Finance rebrands to Sammaan Capital. Star Health targets doubling Gross Written Premium.
President Joe Biden confirmed his commitment to the 2024 presidential race during calls with campaign staff and meetings with Democratic lawmakers and governors. Despite concerns over his recent debate performance, Biden reassured supporters of his resolve to stay in the race. Democratic governors, including New York, Minnesota, and Maryland, pledged their support. Concerns about Biden's age and performance have emerged, with some Democrats suggesting alternatives like Vice President Kamala Harris. Читать дальше...
The SCO Summit in Astana, Kazakhstan, represents a significant event for over 3 billion people. Kazakhstan, as a founding member, prioritizes the SCO's development within its balanced foreign policy. Deputy Foreign Minister Roman Vassilenko emphasized the summit's role in mutual respect and consensus-building. Under Kazakhstan's presidency, over 150 events focused on energy, digitalization, and environmental protection. President Tokayev's "World Unity for Just Peace and Harmony" initiative highlights Kazakhstan's influence. Читать дальше...
Cuba is constructing a new radar site near Santiago de Cuba, capable of monitoring U.S. military activities at Guantanamo Bay, according to satellite imagery analyzed by a Washington think tank. The facility, set east of Santiago de Cuba and due to be operational soon, could track signals up to 8,000 miles away. The development raises concerns about China's strategic interests, despite denials from Cuban officials. This site adds to suspicions of increased Chinese surveillance capabilities in Cuba... Читать дальше...