WEEKLY HOLIDAY
Oil prices on track for fourth straight week of gains
Oil prices stabilized in Asian trade, set for a fourth week of gains amid strong U.S. summer demand and supply concerns. Brent and WTI prices rose. Russia's Rosneft and Lukoil to cut July exports. Saudi Aramco lowered Asian prices. Sentiment boosted by geopolitical tensions, a 12.2 million barrels draw, potential Fed rate cuts, and the Gaza conflict.
Increasing annual leave to five weeks would cost employers less than you might think
The idea of expanding annual leave to five weeks appears to be gaining traction, spurred by recent advocacy from groups like the Shop Distributive and Allied Employees Association. While certain industries already offer extended leave, such as for continuous shift workers, most employees typically receive four weeks. Australia's annual leave entitlement has remained unchanged since 1974, prompting calls for review amid international comparisons where some countries offer more statutory days.
10-year treasury yields rise to highest since mid-June at start of holiday-shortened week
Benchmark 10-year Treasury yields rose Monday to their highest levels since mid-June at the start of a holiday-shortened week that will likely be marked by low trading volumes.
US weekly jobless claims drift lower
Initial claims for state unemployment benefits dropped 6,000 to a seasonally adjusted 233,000 for the week ended June 22, the Labor Department said on Thursday. The claims data included last Wednesday's Juneteenth National Independence Day, a new holiday. Claims tend to be volatile around public holidays.
Bon Voyage! Airlines give wings to your holiday plans
Indian carriers like MakeMyTrip, IndiGo, and Cleartrip have added direct flights to various destinations, leading to a significant increase in outbound tourist numbers from India.
Is the stock market closed today for Eid-al-Adha (Bakri Eid) holiday?
Share Market Holiday: Apart from Bakri Eid (June 17), in 2024, the markets will be shut for Muharram (July 17), Independence Day (August 15), Mahatma Gandhi (October 2), Diwali (November 1), Gurunanak Jayanti (November 15) and Christmas (December 25).
Will Nifty touch 24,000 this week? Top 5 factors at play
After closing the previous week with a 0.75% gain, Nifty has maintained a narrow range of 23,200-23,500. A breakout above 23,600 could spur the index towards 24,000, contingent on developments surrounding the Union Budget and ministries' 100-day plans. However, recent Nifty movements indicate a likely period of consolidation
Global trends, foreign investors' move to drive markets in holiday-shortened week, say analysts
With the absence of any major immediate domestic trigger in sight, investors would focus on global trends and trading activity of foreign investors for further cues in a holiday-shortened week ahead, analysts said. Movement of global oil benchmark Brent crude and rupee-dollar trend would also guide the market.
Shavuot 2024 Jewish festival: Is it holiday in USA? History, significance, all you need to know
Jewish holiday of Shavuot has begun and we have all details pertaining to significance of the occasion.
Southeast Asian nations top choice for Indians travelling abroad this summer: Survey
Southeast Asian countries are top choices for Indian travelers for short vacations, with Bali, Pattaya, and Bangkok being popular destinations according to the OYO Global Summer Vacations Travelopedia 2024 survey. Europe and the United States are preferred for longer stays. OYO Founder and CEO Ritesh Agarwal highlighted the convenience for Indian travelers.
Saturday bank holiday: Are banks closed today?
Bank holidays in June 2024: Banks across India are closed on national holidays and state-specific holidays along with second and fourth Saturdays in the month and all Sundays. The central bank designates certain holidays under the Negotiable Instruments Act, Real-Time Gross Settlement (RTGS) holidays, and Banks' Closing of Accounts.
Oil rises as major producers expected to keep output cuts in place
Oil prices rose on expectations of production cuts by major producers at a meeting this Sunday as fuel consumption is set to increase with the start of the peak summer demand season.
June bank holidays: Banks are closed for 10 days in June 2024; check dates, full state-wise list
Holidays include state-wise regional holidays along with second and fourth Saturdays in the month and all Sundays. Note that this month has five Sundays.
What holiday plans? Indians tripping on last-minute rush
Indian travellers are increasingly opting for last-minute bookings for both domestic and international destinations due to factors like more visa-free options, lower average age of travellers, rising disposable incomes and availability of spontaneous booking choices.
Summer Getaways: Delhites rush to these refreshing destinatons amid heatwave and school holidays
During the school holidays, many are flocking to cooler hill stations to escape the heat, with redBus reporting a significant increase in holiday travel bookings. Destinations like Manali, Shimla, and Dharamshala are top choices, offering not just relief from the heat but also opportunities for activities like trekking and sightseeing. Families and solo travelers are opting for road travel, drawn by the flexibility and adventure of bus journeys.
Whit Monday: Is it a religious holiday in US and UK? Here’s what’s open and closed
Whit Monday falls the day after Pentecost Sunday, a significant event in the Christian calendar. Pentecost Sunday occurs 50 days after Easter and is determined by the lunar calendar.
A taste of Europe trip at half the cost: How to plan Kazakhstan or Georgia or Azerbaijan or Uzbekistan or Kyrgyzstan trip for Rs. 1 lakh
A clutch of countries in the south of Caucasus and Central Asia provide a whiff of Europe without snapping your budget. Within sniffing distance of Europe and straddling the Eurasian cusp, these are perfect destinations as they combine unsurpassed natural beauty with cultural overdose. Detailed budget and itinerary for Kazakhstan, Georgia, Azerbaijan, Uzbekistan and Kyrgyzstan trips this summer. Happy holidays!
Potato prices in Bengal likely to ease to Rs 20-21/kg this week
Patit Paban De, senior member of the West Bengal Cold Storage Association, said there will be an estimated 10 per cent lower production of tubers, given the trend and reports of loading of crops in cold storages. "Till now, loading is only between 70-75 per cent on average. At the maximum, loading will not cross 80 per cent at best given the trend. Last year loading was 88-89 per cent," he said.
US stocks slip as holiday-thinned week begins
Traders now see a nearly 71% chance of the Fed bringing in the first cut in June, according to the CME FedWatch tool, up from around 55% at the start of last week. At 11:38 a.m. ET, the Dow Jones Industrial Average was down 105.96 points, or 0.27%, at 39,369.94, the S&P 500 was down 7.90 points, or 0.15%, at 5,226.28, and the Nasdaq Composite was down 18.32 points, or 0.11%, at 16,410.50.
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