Date: May 23, 2023 The market’s attention has zeroed in on the debt ceiling issue, with its impact overshadowing other factors for now. It appears that the debt ceiling will continue to drive market sentiment until a resolution is reached, or until it becomes an irreconcilable problem. The recent overnight vote has provided a boost…
The Consumer Price Index (CPI) measures the change in prices paid by consumers for goods and services. The CPIs are based on prices of food, clothing, shelter, fuels, transportation, doctors, labor services, drugs, and other goods that people buy for day-to-day living. CPI is the data that decides the rate of inflation in percentage and…
MUMBAI: As businesses begin disclosing their financials, India Inc. is likely to report a halving of revenue growth in the fourth quarter of FY23, a credit rating agency warned on Thursday.According to Crisil’s Market Information and Analytics division, the revenue growth will drop to 10–12% from 22.8–% for the January–March period last year.According to the…
The Federal Reserve’s policy meeting minutes from March revealed that officials are worried about the financial crisis and the high inflation, which led to a decline in US markets on Wednesday. At 4,092.28, the S&P 500 fell by 0.40 percent. At 33,652.63, the Dow Jones Industrial Average decreased by 0.10%. At 11,931.13, the Nasdaq Composite…
Global markets today: On Tuesday, a measure of global stocks went up and bond yields went up just a little bit. This is because traders think that interest rates will soon reach their highest point, and the market is betting that the US Federal Reserve will tighten monetary policy even more in May to stop…
The best thing for bulls this year is that the shares of the largest tech companies are going up. It’s about to hit earnings season, when tech companies are likely to report the biggest drop in profits in more than a decade. Almost all of the S&P 500’s 7% gain this year can be attributed…
On Monday, the Indian markets gained traction, but the gains were limited by worries that the US Fed might raise interest rates again in the wake of the employment report. However, the unexpected rate hike suspension by the RBI and the upward revision of the GDP and inflation projections for FY24 held bears at bay….
The most recent MLIV Pulse survey reveals that this year’s 20% rise in US technology stocks is distancing itself from reality ahead of what is anticipated to be a sombre reporting season. Despite the fact that investors have flocked to the technology sector despite the recent banking instability, analyst predictions for the sector’s quarterly profits…
MUMBAI: In accordance with strong trends in the international markets and significant purchasing in index heavyweight Reliance Industries, benchmark indexes Sensex and Nifty closed the final day of the 2022–23 fiscal year with a nearly 2% increase.The upward momentum in the share market was further strengthened by recent inflows of foreign funds.The 30-share BSE Sensex…
Recently, market narrative twists have become captivating. There has been a strong desire to respond. Most of the time, doing so was a mistake. It’s still early, and when financial hardship is present, things can change quickly. Although there have been predictions of a banking catastrophe, a credit-fomented recession, pivoting central banks, and stagflation, the…
