Last quarter’s rise in the U.S. gross domestic product "the economy's total output of goods and services" followed two straight quarters of contraction.
Republican presidential contender Jeb Bush said Wednesday his tax plan would help fuel growth by empowering Americans and creating an environment for investment.
Jitendra Sriram, MD & Head of Research at HSBC India expects a 50 basis points rate cut by RBI through the year.
Fortune Financial Services has come out with its technical report on Copper. According to the research firm, one can buy MCX Copper June near Rs 408-405 for price target of Rs 420 with a stop loss below Rs 397.
Angel Commodities has come out with its report on international commodities. According to the research firm, crude oil prices are expected to trade on the negative note on back of mixed global market sentiments.
Emkay Global Financial Services has come out with its report on metals sector. The research firm believes that, uncertainty and concerns over global macroeconomic health would keep metals prices volatile.
Karvy Stock Broking has come out with its report on currency. According to the research firm, rupee is taking cues from the weak global factors along with some dollar demand from the oil importers, it is expected to exhibit weakness against dollar.
Fitch Ratings has come out with its report on US GDP growth.
Angel Commodities has come out with its report on international commodities. According to the research firm, base metals and silver are expected to trade higher.
Mecklai graph of the day - The market expects the US economy to expand at 3% in the last quarter of 2011 which, if comes out as expected, would be the highest growth rate in 2011.
The International Energy Agency (IEA) has announced that it will release emergency oil stockpiles (around 60 million barrels of crude oil) in a bid to solve the crude crisis.
2010 saw a lot of fund flows into emerging markets, with most markets outperforming. However, Adrian Mowat, Chief Asian and Emerging Equity Strategist at JP Morgan said he expected 2011 to be a choppy year for emerging markets. "Emerging markets may face serious macro economic issues," he said.