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Tags : "global markets"

Even if Nasdaq blips, we will continue to uptrend till

Passive strategy has now controlled almost 60% of US equity assets while quant funds control another 20% and that is a staggering 80% of total combined that is being controlled by passive strategies, says Shiv Sehgal, Deputy CEO, Capital Markets, Edelweiss. What kind of signals are you getting as far as global markets are concerned? […]Read More

India sold so many bonds that it had to retire

By Kartik Goyal India is selling so many bonds that the market can’t keep up. The government is retiring the current benchmark 10-year debt just two months after it was issued, compared to about 12 months for earlier offerings, to make way for a new issuance. The present bond hasn’t even had a chance to […]Read More

FPIs pull out Rs 2,867 crore in July so far

New Delhi: Foreign portfolio investors (FPI) have pulled out Rs 2,867 crore from Indian markets in July so far, mainly on account of profit booking after surge in Indian equities. The overseas investors pulled out a net Rs 2,210 crore from equities and Rs 657 crore from debt segment, taking the total net outflow to […]Read More

Tesla overtakes Toyota as the world’s most valuable automaker

By Reed Stevenson Tesla Inc. displaced Toyota Motor Corp. as the world’s most valuable automaker, underscoring investor enthusiasm for a company trying to transform an industry that’s relied on internal combustion engines for more than 130 years. Shares of Tesla, which have more than doubled since the start of the year, climbed as much as […]Read More

Dow Jones opens lower on rising virus cases, elevated jobless

US stocks fell at the open on Thursday as an uptick in COVID-19 infections in the United States threatened to upend bets of a swift economic recovery, with data showing weekly jobless claims remained elevated amid a second wave of layoffs. The Dow Jones Industrial Average fell 103.16 points, or 0.39 per cent, at the […]Read More

Dow Jones surges at open on record rise in May

US stocks jumped at the open on Tuesday after a record rise in May retail sales revived hopes of a swift post-pandemic economic rebound, with sentiment also lifted by data showing reduced COVID-19 death rates in a trial of a generic steroid drug. The Dow Jones Industrial Average rose 563.52 points, or 2.19 per cent, […]Read More

Morgan Stanley economists double down on V-shape global recovery

By Enda Curran The global economy is in a new expansion cycle and output will return to pre-coronavirus crisis levels by the fourth quarter, according to Morgan Stanley economists. “We have greater confidence in our call for a V-shaped recovery, given recent upside surprises in growth data and policy action,” economists led by Chetan Ahya […]Read More

Dow Jones slides at open on fears of second virus

US stocks opened sharply lower on Thursday with the Nasdaq falling after a four-day rally on fears of a second wave of coronavirus infections and a grim economic forecast from the Federal Reserve. The Dow Jones Industrial Average fell 707.48 points, or 2.62 per cent, at the open to 26,282.51. The Nasdaq Composite dropped 229.11 […]Read More

Govt considering proposal to cut export duty on hides, skins

The government is considering a proposal to cut duty on exports of hides and skins of bovine from the current 40 per cent with a view to boost its outbound shipments, sources said. The All India Meat and Livestock Exporters Association (AIMLEA) has been demanding complete elimination of export duty as the industry is getting […]Read More

Bitcoin’s bounce back over $9,000 masks a potential downtrend

By Vildana Hajric Bitcoin’s trading above $9,000 once again, but technical indicators suggest the largest cryptocurrency is stuck in a funk. Though the price level may provide support, Bitcoin needs to break out of the downtrend it formed when its May high failed to take out the one reached in February. Any further rally that […]Read More