EURO ZONE BUSINESS ACTIVITY
Stock picks of the week: 5 stocks with consistent score improvement and upside potential of up to 25%
Every now and then the nifty keeps witnessing volatile movement, the difference this week was amidst all the intraday volatility because the bias of volatility has changed, nifty was able to touch a new high. Also because market breadth was positive, the trend for the majority would be bullish. Given the fact that macros are shaping for good, it appears that there is no reason for bulls to leave their control any time soon. While being bullish, be ready for a phase of volatility. In such times, if one is taking fresh exposure to equity, ensure that there is some level of quality as far as the business and fundamentals are concerned. These selected stocks depict a strong upward trajectory in their overall average score which is based on five key pillars i.e. earnings, fundamentals, relative valuation, risk and price momentum. This implies that there has been a significant improvement in their market outlook in the given time frame.
Calcutta Municipal Corporation and Kolkata Police kickstart efforts to identify hawking zones in city
Mayor-in-Council and MLA Debasish Kumar was in Gariahat on Friday, with Municipal officers and police personnel, to get on ground information about the hawkers through surveys. “We have created forms and we are jotting down details about the hawkers. We will collect their information and submit it before the committee formed by the Chief Minister,” Kumar said.
European shares start week on bright footing on autos, banks' boost
European shares rose on Monday, led by automobile and bank stocks, ahead of the first round of French parliamentary elections. Autos surged 1.6% after the EU and China agreed to discuss tariffs on Chinese EVs. Meanwhile, German business morale declined in June, reflecting concerns about the economy's momentum.
Eurozone business activity slows on French vote risk
Euro-area private-sector business activity lost momentum as France's snap election outcome weighs on firms. S&P Global's PMI fell to 50.8 in June, disappointing analysts. Europe's economy, recovering from last year's recession, faces challenges.
Europe's STOXX 600 falls as tech, banks drag
European shares fell on Friday, with Carlsberg Group dropping 8% after Britvic rejected its $3.9 billion takeover bid, causing a 0.3% decline in the STOXX 600.
Global stock index rises slightly while euro falls, yields up
MSCI's global equities index rose while investors awaited U.S. inflation data and central bank policy meetings. The euro fell after French President Emmanuel Macron called a snap election.
- Go To Page 1
European Central Bank set to cut rates for the first time since 2019 even as inflation fight continues
All 82 economists polled by Reuters expected the ECB to trim its deposit rate to 3.75% on Thursday from a record 4.0%, in what would be its first cut since 2019. ECB policymakers have clearly telegraphed their intention to lower borrowing costs after seeing inflation in the 20 countries that share the euro fall from more than 10% in late 2022 to just above their 2% target in recent months.
Share market update: Most active stocks on D-Street today in terms of volume
The NSE Nifty index was trading 675.66 points down at 22588.25
Dollar firms against peers ahead of inflation test
The dollar steadied against peer currencies on Friday after a downward revision to U.S. GDP for the first quarter suggested room for the Federal Reserve to cut interest rates this year, while investors braced for a key inflation report.
'Afternoon economy' cools as heat keeps customers indoors
Heatwave conditions, particularly in the North, are significantly impacting the 'afternoon economy,' affecting sales and footfalls between 12 noon and 4 pm. The scorching temperatures are leading to a decline in the availability of delivery riders, pushcart vendors, and sales workers. Businesses are experiencing disruptions in routine deliveries and working hours, prompting changes in operating hours and strategies to cope with the heat. While business activity is dampened in the afternoon, there is some compensation during the evening as people prefer to stay indoors and order in.
Europe's STOXX 600 dips as rate worries linger
European shares slipped for a third straight session on Thursday ahead of further economic data from the euro zone that will provide more clues on the European Central Bank's interest rate path, while rate woes continued to dampen sentiment.
Oil rises over $1 a barrel ahead of inflation data after downbeat week
As of 12:10 p.m. ET (1610 GMT), the Brent crude July contract increased by 99 cents, reaching $83.11 per barrel. The more actively traded August contract rose by $1.08 to $82.92. Meanwhile, U.S. West Texas Intermediate (WTI) crude futures climbed $1.06, reaching $78.77 per barrel.
Dollar firm ahead of global inflation data
The dollar held steady on Monday, but was set for its first monthly loss this year, as investors were focused on U.S., European and Japanese inflation data to guide the global interest rate outlook.
India seen to emerge as an economic superpower in impending problem-ridden global financial landscape
Global recession risks have diminished, but inflation concerns threaten financial stability. The IMF, World Bank, and rating agencies forecast a slowdown in global growth, citing Middle East conflicts, financial stress, persistent inflation, and reduced international trade as key risks. The IMF's Global Debt Monitor reveals global debt at $235 trillion, or 238% of global GDP, raising fears of a debt crisis. Fiscal prudence may suffer as many nations face elections this year.
New plant of Sun Pharma inaugurated in Bangladesh
Indian pharmaceutical company, Sun Pharma, inaugurated a new plant in Bangladesh, strengthening economic ties and promoting collaboration in the pharmaceutical sector, including joint R&D efforts.
European shares rise as chipmakers bounce on Nvidia forecast
European stocks edged higher on Thursday after strong forecasts from AI darling Nvidia lifted global chipmakers, while investors awaited the latest business surveys to gauge the euro zone economy's outlook and interest rate path.
Charting the global economy: BOE sends clearest sign yet of interest-rate cuts
Thirteen economies in developed countries were experiencing per-capita recessions by the end of last year, as reported by Bloomberg Economics.
India woos Bangladesh on Teesta amid China push
India is interested in financing Bangladesh's Teesta economic zone project, a dredging and development project aimed at turning the Teesta river belt into a zone of economic activity. India's interest was expressed during a meeting between Bangladesh Prime Minister Sheikh Hasina, foreign minister Hasan Mahmud, and his counterpart Masud Momen in Dhaka.
Killing of IAF corporal, village defence guard: Search operation intensified in Jammu
Security forces have intensified search operations in the Poonch and Rajouri districts of Jammu region to track down terrorists responsible for attacking an IAF convoy, resulting in the death of an IAF corporal. The operation has expanded to areas in Doda, Udhampur, and Kathua districts to locate two groups involved in killing a village defence guard. The search includes the use of surveillance equipment and drones, with no trace of the terrorists so far. Twenty-two people have been detained for questioning, and CCTV footage is being reviewed for leads.
Euro zone business activity grows at fastest pace in almost a year
HCOB's composite Purchasing Managers' Index (PMI) for the currency union, compiled by S&P Global and seen as a good gauge of overall economic health, bounced to 51.7 in April from March's 50.3, surpassing a preliminary 51.4 estimate.
European stocks slip as mixed earnings offset M&A cheer
European stocks slipped on Thursday following mixed earnings from blue-chip companies such as Nestle and Deutsche Bank, while big M&A news in the mining sector powered Britain's FTSE 100 to fresh highs.
Dollar shaky after euro rebound; yen mired at 34-year low
The dollar index - which measures the currency against six major peers including the euro, sterling and yen - was flat at 105.64 in early Asian trading after slumping 0.4% overnight and touching the lowest level since April 12 at 105.23.
Spotify's monthly user numbers miss estimates on lower promotions
First-quarter MAUs rose 19%, but missed Spotify's own guidance and a median of analysts' forecasts of 618 million. It also forecast current-quarter MAUs at 631 million, missing estimates of 636.3 million, according to IBES data from LSEG.
Euro at highest since 2008 on yen, markets nervous about Toyko stepping in
The yen hit fresh multi-year lows against the dollar and the euro on Tuesday, keeping investors on heightened intervention watch ahead of the Bank of Japan's meeting this week, while dovish policy maker chatter left sterling around its softest in months.
Adani Ports shares jump 3%, hit 52-week high. Here’s why
CITI's stock review comes on the back of a 24% year-on-year jump in Adani Ports’ cargo handling for FY2024 which includes those in the international ports. Out of the 420 MMT handled during this period, the largest Indian port handler saw a domestic contribution of over 408 MMT cargo, the company filing said.
European shares fall over lacklustre Chinese stimulus, economic data in focus
Basic resources and oil and gas shares declined 0.6% each as a firmer dollar and disappointment from the lack of fresh supportive measures in China sparked concerns over demand and slower consumption.
Dollar rangebound, an array of PMI data awaited
The dollar held broadly steady on Thursday as traders awaited a slew of business activity surveys to gauge the health of major economies and what that may mean for the global interest rate outlook.
Realty stakeholders business outlook moves up optimistic zone on steady India economy
Stakeholders in the real estate industry are confident in the business outlook, backed by India's resilient economy and sustained growth. The Knight Frank-NAREDCO Real Estate Sentiment Index reflects increased optimism. Record residential sales and office space transactions highlight the country's economic robustness.
Euro zone economy stagnates as Germany struggles
The euro zone's underperformance was mostly due to weakness in Germany, which has seen its business model - predicated on cheap energy from Russia and intense two-way trade with China - upended by geopolitical events.
Load More
