The credibility of the banking sector is badly hit by the revelations of fraud at the topmost level of management. It will not be easy for the sector to gain the investors' trust again.
China will remain the driving force of global aluminium prices. If the trade tensions and global microeconomic headwinds continue, prices would remain under pressure
Since the earnings season has begun, volatility will remain high across the board, traders should focus more on risk management aspect and avoid naked leveraged trades.
Though there are constraints in the bilateral ties, through limited strategic and balance of power considerations, the India-China story could be much bigger than perceived.
According to NASSCOM, the move has the potential to spur investments in the semiconductor and chip manufacturing space, especially at the time of US-China trade war.
We expect Nifty50 to inch towards 11,500-11,600 shortly. The Nifty50 could see a brisk movement as and when it crosses the 200-DMA placed at 11,222 level, says Rusmik Oza, Head of Fundamentals Research, Kotak Securities
Going forward, we expect the rupee to face stiff resistance around 70.80 levels and witness some depreciation all over again
On MCX, October gold futures traded 0.20 percent lower at around Rs 37,675 per 10 gram, down Rs 75. It has fallen more than Rs 2000 from last week's highs of Rs 39,885.
The real thrust of the Chinese envoy’s efforts in the Indian media is to build a coalition against the US based on the narrative that the latter is against economic globalisation, is unilateralist and a threat also to Indian interests. India must be wary of this.
The drop comes after a surprise 3.3 percent rebound in July despite the year long battle with Washington and weakening global demand.
Imports of US goods fell 22.5 percent from a year earlier to $10.3 billion following Chinese tariff hikes and orders to companies to cancel orders, customs data showed on September 8.
Morgan Stanley foresees Brent oil prices would be at $60 per barrel for the rest of the year against an earlier forecast of $65
The announcement of macro data such as IIP for July month and CPI & WPI for August month will provide direction to the markets.
The index has formed a Hammer candlestick pattern on the weekly charts which indicates a bullish bias and is likely to test the neckline of 11,100-11,150 zone.
The state of affairs continues to be a little jittery at the moment and one should look to hedge against a weaker INR in the coming weeks.
"The Chinese side is strongly dissatisfied and resolutely opposed to that. In accordance with relevant WTO rules, China will firmly safeguard its legitimate rights and interests," Beijing's commerce ministry said in a statement published on its website.
Trump, writing on Twitter, said his goal was to reduce US reliance on China and he again urged American companies to find alternate suppliers outside China.
The escalating US-China crisis is more than a mere bilateral dispute between two major powers. It underscores the unravelling of the post-Cold War consensus on global economics and politics.
In this episode, we will revisit some of the flash points of this mercurial relationship that Trump has had with the Chinese leadership over trade.
Lenovo's warning amid mounting business uncertainty due to the US-China trade war cast doubt on its sales outlook and took the shine off forecast-beating quarterly results where robust PC sales helped the company more than double its profit.
All three major U.S. indexes were sharply lower as short- and long-dated Treasury yields inverted for the first time in 12 years, a potential signal of imminent recession.
American tariffs on Chinese goods -- with another $300 billion in imports targeted by President Donald Trump last week -- are less harmful to the brand with the three stripes than a potential exchange rate battle, chief executive Kasper Rorsted said.
Brent has plunged more than 12 percent after U.S. President Donald Trump said last week that he would slap a 10 percent tariff on a further $300 billion in Chinese imports from September 1, sending global equity markets into a tailspin.