The current rally in the US markets has been full of surprises, as it has come at a time when central banks have been raising interest rates and growth is expected to slow down
The lack of progress on raising the U.S. government's $31.4 trillion debt limit ahead of a June 1 deadline, with several rounds of inconclusive talks, has made investors edgier as the risk of a catastrophic default looms larger.
India’s growth story is well-known among foreign investors, and the focus has now shifted to valuations and identifying potential investment opportunities beyond the NIFTY50, says Sunil Singhania.
While all three major U.S. stock indexes ended green, market participants appeared to show little conviction as first-quarter earnings season winds down, leaving few market-moving catalysts, aside from a disappointing Empire State manufacturing report from the New York Federal Reserve.
Warren Buffett's Berkshire Hathaway experienced a significant increase in net earnings during the first quarter of 2023, surpassing five times its previous results.
Investors throughout the world want to know what the Oracle of Omaha has to say on a range of matters, from succession plans at the storied firm, to the war raging in Europe. Tune in.
Rosenberg is scathing in his criticism of the Fed’s rate hike cycle and has also slammed chair Jerome Powell for saying the banking crisis is over even as more regional banks come under pressure in the United States
SGX Nifty indicates a negative start for the broader index with a loss of 71 points on Friday after the Nifty closed 165 points higher at 18,255 in the last session. The US markets edged up at close while the European markets traded in the red after rate hike by ECB. Asian indices record losses in the early hours
The brokerage said IT remained at its top underweight. BofA also said it remained underweight on staples, discretionary and telecom sectors. It continues to favor financial, industrials, cement, steel and select auto (two wheelers), utilities and healthcare as defensive plays. BofA remained normal weight on the energy sector
Another U.S. regional bank, PacWest Bancorp, reported troubles overnight, reminding investors of the precarious health of some banks despite regulators' assurances around containing the crisis that started with the collapse of Silicon Valley Bank and Signature Bank in March.
The S&P 500 was up 0.4% in afternoon trading, a touch higher than it was before the Fed's announcement.
Berkshire Hathaway has a long history of supporting US banks through periods of financial instability. The sprawling insurance behemoth invested $5 billion in Goldman Sachs during the 2007-08 financial crisis and a similar sum in Bank of America in 2011.
Foreign institutional investors (FII) bought shares worth Rs 342.84 crore, whereas domestic institutional investors (DII) sold shares worth Rs 264.02 crore on April 11, National Stock Exchange's provisional data showed.
Gold prices rallied two percent to hit their highest in more than a year on April 4, 2023 after another round of weaker U.S. economic data indicated a slowing economy and strengthened expectations of a less-aggressive US Federal Reserve's policy.
Across markets, the most convincing sign of a recession is the plunge in Treasury yields. Sinking further Friday, the downturn was led by shorter-dated bonds, which took the entire yield curve below 4 percent as banking turmoil led traders to price in more Federal Reserve rate hikes
The near-term trajectory of yields will likely hinge on next week's Federal Reserve meeting. Signs that the central bank may prioritise financial stability and slow or pause its rate increases could pull yields even lower
In this edition of Market Minutes, N Mahalakshmi puts the spotlight on three major influences on markets today - the bounce in US markets, softening crude prices, and the big shocker from TCS. Market Minutes is a morning podcast that tracks the risk-reward in stock markets by putting the spotlight on keys data points and developing trends
Powell’s dilemma is acute as the stability of banks depends on market sentiment even as the Fed’s credibility depends on inflation data
Global markets look all set for a bumpy ride over the next few weeks as investors try to guess the next casualty
U.S. jobless claims numbers fell, while Atlanta Fed President Raphael Bostic said that he favored "slow and steady" quarter-point U.S. rate increases to limit risk to the economy.
All three main stock indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields, and all three closed well off their session highs.
While Suri expects a fresh upmove in US markets, however, it won't happen in the next few weeks, he said. It will take some time but it will recover their earlier highs, which will be phenomenal for global equities, according to the expert
Year-over-year earnings from S&P 500 companies are expected to have declined 2.2% for the quarter, according to Refinitiv data.
Yellen's oversight of about $270 billion in tax credits for electric vehicles, home solar panels and other climate purchases contained in the Inflation Reduction Act have made her a pivotal climate figure
The S&P 500 fell 0.2% as of 10:36 a.m. Eastern. The Dow Jones Industrial Average fell 60 points, or 0.2%, to 33,450. The Nasdaq fell 0.2%.