Buy Shree Cement; target of Rs 24,300: ICICI Direct

Buy Shree Cement; target of Rs 24,300: ICICI Direct

Oct 18, 2022

ICICI Direct is bullish on Shree Cement recommended buy rating on the stock with a target price of Rs 24,300 in its research report dated October 17, 2022 Shree Cement is the third largest cement group in India with domestic cement capacity of

Read More
Oil Prices Tread Water Between Tightening Supply, Recession Fears

Oil Prices Tread Water Between Tightening Supply, Recession Fears

Oct 18, 2022

Oil prices were muted on Tuesday as markets weighed signs of tightening crude supply against increasing fears that a global economic slowdown will erode crude demand this year Crude markets marked a slow start to the week, retaining most of last week’s losses

Read More
ASIA FX RISES ON WEAKENING DOLLAR, YUAN DIPS AS ZERO COVID PERSISTS

ASIA FX RISES ON WEAKENING DOLLAR, YUAN DIPS AS ZERO COVID PERSISTS

Oct 17, 2022

Asian currencies rose slightly on Monday, recovering some lost ground from last week as the dollar retreated, although China’s commitment to maintaining its strict zero-COVID policy dented the yuan The Chinese currency fell 0.1%, coming close to breaching the 7.2 level against the

Read More
SEC WILL NOT PROHIBIT PAYMENT FOR ORDER FLOW

SEC WILL NOT PROHIBIT PAYMENT FOR ORDER FLOW

Oct 15, 2022

The U.S. Securities and Exchange Commission (SEC) reportedly will not seek to ban payment for order flow (PFOF), despite earlier indications that SEC Chair Gary Gensler had been inclined to issue such a prohibition. A notable winner from this apparent decision is online

Read More
GOLD SET FOR WEEKLY LOSS ON FED JITTERS; INDUSTRIAL METALS GAIN

GOLD SET FOR WEEKLY LOSS ON FED JITTERS; INDUSTRIAL METALS GAIN

Oct 14, 2022

Gold prices fell on Friday and were set to close the week lower amid fears of more interest rate hikes by the Federal Reserve, while signs of tightening supply helped copper and aluminum prices weather a worsening economic outlook Bullion prices sank well

Read More
ASIA FX MOVES LITTLE IN ANTICIPATION OF RED-HOT U.S. INFLATION

ASIA FX MOVES LITTLE IN ANTICIPATION OF RED-HOT U.S. INFLATION

Oct 13, 2022

Asian currencies kept to a tight range on Thursday as fears of a hawkish Federal Reserve grew ahead of key data that is expected to show U.S. CPI inflation stayed close to 40-year highs The Chinese yuan fell 0.1%, while the South Korean

Read More
OIL PRICES EXTEND DECLINE ON RECESSION FEARS, CHINA COVID CURBS

OIL PRICES EXTEND DECLINE ON RECESSION FEARS, CHINA COVID CURBS

Oct 12, 2022

Oil prices fell for a third straight session on Wednesday as investors fretted about a hit to fuel demand from growing risks of a global recession and tightening COVID-19 curbs in China Brent crude futures fell 51 cents, or 0.5%, to $93.78 a

Read More
PM Modi to launch healthcare projects, address rally in Gujarat today

PM Modi to launch healthcare projects, address rally in Gujarat today

Oct 11, 2022

Prime Minister Narendra Modi will launch various healthcare projects in Ahmedabad and address a rally in Rajkot on Tuesday, the third day of his visit to poll-bound Gujarat. The Assembly elections in the BJP-ruled state are due this year-end PM Modi will inaugurate

Read More
OIL SLIPS FROM 1-MONTH HIGH AS WEAK CHINESE DATA FUELS DEMAND FEARS

OIL SLIPS FROM 1-MONTH HIGH AS WEAK CHINESE DATA FUELS DEMAND FEARS

Oct 10, 2022

Oil fell on Monday as an unexpected contraction in China’s service sector fueled fears of slowing demand, although an OPEC supply cut and the prospect of more disruptions in Russia kept prices pinned near a one-month high London-traded Brent oil futures fell 0.7%

Read More
US LABOUR REPORT TO SET THE TONE FOR COMMODITIES MARKETS, DOLLAR INDEX

US LABOUR REPORT TO SET THE TONE FOR COMMODITIES MARKETS, DOLLAR INDEX

Oct 8, 2022

Commodities may see increased volatility next week as well with the return of Chinese markets from Golden Week Holiday Commodities remained volatile amid fresh supply tightness concerns, prolonged inflation worries and Fed’s commitment to tame inflation despite fears of recession Recent comments by

Read More