Indian jewellery retailer stocks fell sharply on Monday after Prime Minister Narendra Modi urged consumers to avoid buying gold jewellery for a year in a bid to preserve foreign exchange and support the rupee. The development raised fresh concerns about demand in one of the world’s most important bullion markets. Shares of companies including Titan,… Continue reading Titan, Senco, Kalyan shares drop as India’s PM urges pause in gold buying
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Week ahead: Top catalyst for S&P 500 Index, SPY, and VOO ETFs
The S&P 500 Index jumped to a record high last week, continuing an uptrend that started on March 30 when it plunged to $6,315. It rose to an all-time high of $7,398, adding trillions of dollars in value. This rally article looks at the potential catalysts for the index and its ETFs like VOO, SPY,… Continue reading Week ahead: Top catalyst for S&P 500 Index, SPY, and VOO ETFs
FTSE 100 edges higher as oil risks keep European markets cautious
European shares were little changed on Monday as stronger economic data from across the region was offset by a rise in oil prices linked to stalled US-Iran peace efforts, leaving investors reluctant to push the market decisively higher. Britain’s FTSE 100 rose 0.1%, France’s CAC 40 fell 0.5% and Germany’s DAX was broadly flat. The… Continue reading FTSE 100 edges higher as oil risks keep European markets cautious
Tata Consumer shares hit 2-year high as analysts back strong growth outlook
Shares of Tata Consumer Products surged about 7% on Monday, hitting their highest level in over two years, after the company forecast double-digit revenue growth for fiscal 2027 and reported quarterly earnings that surpassed analyst estimates. The stock rose as much as 6.90% during trading by midday, making it the top gainer on the Nifty… Continue reading Tata Consumer shares hit 2-year high as analysts back strong growth outlook
Is Wall Street becoming too dependent on AI-driven market gains?
US stock indices ended last week at record highs, helped by strong AI-driven earnings, encouraging economic data and a sharp drop in oil prices, according to Deutsche Bank. The rally pushed both the S&P 500 and the Nasdaq to fresh peaks, even as Treasury yields finished little changed as investors weighed robust labour data against… Continue reading Is Wall Street becoming too dependent on AI-driven market gains?
Reliance Jio IPO: what’s behind the shift to a pure fundraise?
Reliance Jio Platforms has reworked the structure of its planned Mumbai initial public offering, switching to a fully primary share sale after existing investors decided against selling stock amid market uncertainty linked to tensions in West Asia. The revised plan means the offering will now be used solely to raise fresh capital for the company,… Continue reading Reliance Jio IPO: what’s behind the shift to a pure fundraise?
USD/ZAR forecast: Rand outlook amid Ramaphosa impeachment risks
The USD/ZAR exchange rate will be in the spotlight this week as investors react to a recent court ruling that raised impeachment risks for President Cyril Ramaphosa. It was trading at 16.43, down from the April high of 16.91 and the year-to-date high of 17.2470. Cyril Ramaphosa’s impeachment risks rise The South African rand has… Continue reading USD/ZAR forecast: Rand outlook amid Ramaphosa impeachment risks
Top catalysts for Japan’s Nikkei 225 Index this week
The Nikkei 225 Index remained at a record high on Monday, continuing a surge that started late March when it was trading at $50,613. It was trading at ¥62,677 as traders eyed major events this week. This article looks at some of the top catalysts that will move Japan stocks this week. Nikkei 225 Index… Continue reading Top catalysts for Japan’s Nikkei 225 Index this week
SK Hynix stock at record high: how much further can the AI darling run?
SK Hynix stock surged to a record high on Monday, rising 12.52% to 18,71,000 won as renewed optimism around artificial intelligence spending lifted semiconductor stocks globally. The sharp move made the South Korean chipmaker one of Asia’s standout market stories, extending an extraordinary rally that has already seen the stock more than double this year.… Continue reading SK Hynix stock at record high: how much further can the AI darling run?