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Source: Live Mint The US dollar surged after a hotter-than-expected jobs report reinforced speculation that the Federal Reserve will hold off on cutting interest rates again until the second half of the year. The prospect pushed up the currency against almost all of its major peers, driving Australia’s dollar to the lowest since April 2020,…
Source: Live Mint Chinese shares fell for a fifth straight day, pushing a closely watched benchmark into a bear market, as geopolitical tensions simmer ahead of Donald Trump’s inauguration. The MSCI China Index dropped 1.5% on Friday, taking its decline from an Oct. 7 close to 20%. The CSI 300 Index of onshore Chinese shares…
Source: Live Mint Canadian dollar weakens 0.2% against the greenback For the week, the loonie gains 0.2% Price of U.S. oil settles 3.6% higher 10-year yield touches a seven-week high TORONTO, – The Canadian dollar weakened against its U.S. counterpart on Friday as the greenback notched broad-based gains, but the loonie still notched a modest…
Source: Live Mint (Bloomberg) — Oil rose to a three-month high after another contraction in US crude stockpiles, driven by frigid winter weather, reflected a tighter global market. Brent futures advanced as much as 2.3%, surpassing $78 a barrel for the first time since mid-October. Crude inventories at the American storage hub in Cushing, Oklahoma,…
Source: Live Mint British assets remained under pressure on Friday from high global borrowing costs, with sterling falling for the fourth day in a row and better-than-expected U.S. jobs data intensifying the move, while gilt yields rose for a fifth consecutive day. After recording a moderate decline earlier in the day, the pound continued its…
Source: Live Mint Mumbai: India’s capital markets regulator is set to ease the registration of foreign portfolio investors (FPIs) if they want to invest in government-backed securities, even as it proposed doubling the equity investment threshold set for granular disclosures by FPIs to ₹50,000 crore. The Securities and Exchange Board of India’s (Sebi) whole time…
Source: Live Mint Jefferies has expressed a positive outlook on the Indian automobile sector, identifying Mahindra & Mahindra (M&M), Eicher Motors, and TVS Motor as its top three investment picks. The brokerage expects a robust growth trajectory for two-wheelers and tractors, projecting a compound annual growth rate (CAGR) of 13-15 per cent over the next…
Source: Live Mint Top Gainers and Losers Today : **Top Gainers and Losers Today** The Nifty index concluded the trading session at 23,526.5, reflecting a decline of 0.4%. Throughout the day, the Nifty reached a peak of 23,596.6 and a low of 23,344.35. Meanwhile, the Sensex fluctuated between 77,919.7 and 77,099.55, ultimately closing at 77,620.21,…
Source: Live Mint Barflex Polyfilms initial public offering (IPO) opened for subscription on January 10. The small and medium enterprise (SME) IPO was fully subscribed on the first day of bidding. Barflex Polyfilms specializes in producing flexible packaging materials, including barrier COEX films, laminates, and PVC (polyvinyl chloride) labels. These versatile products meet the packaging…
Source: Live Mint Shares of Patel Engineering, one of the major infrastructure and construction companies, have been on a downward trajectory over the last 7 months (including January), losing 26% of their value to trade at the current level of ₹48.30 apiece. Notably, the stock has corrected 38.36% from its February 2024 peak of ₹79….
