Futures for US stocks increased slightly. Following a week in which the major indexes saw a decline, the Dow had its worst weekly performance since October on Sunday night, raising concerns about a potential drop in reaction to record-high levels. Futures on the Nasdaq (NQ=F) recovered by around 0.5%. Futures linked to the Dow Jones…
Despite Australia’s central bank sounding hawkish about potential rate cuts, concerns about a global trade war somewhat subsided on Friday, and the Australian and New Zealand dollars remained close to two-month highs. Governor Michele Bullock has stated that cuts are not a given, indicating that the Reserve Bank of Australia is not in a rush…
The Dow Jones Average and the S&P Index declined 0.7% and 0.8%, respectively. The tech-dominated Nasdaq Composite Index fell 0.9%. Jerome Powell doubted how well the present interest rates would handle the inflationary pressures the US central bank faced to meet its 2% inflation objective. US Stock Market: Treasury rates rose, and specific international markets…
Following its statements about investing in the planned rights issue of Mahindra & Mahindra Financial Services Limited and Mahindra Lifespace Developers Limited, the share price of Mahindra & Mahindra fell more than 6% in early trading on Friday. Mahindra & Mahindra Share Price Movement: After a one-day break, the Mahindra & Mahindra share price dropped…
Following Morgan Stanley’s positive outlook, highlighting significant market share increases and renewable energy’s rise, JSW Energy jumps 4.8%. Investor opinion is still optimistic about long-term prospects despite the Q3 earnings dip. JSW Energy Q3 Earnings: On February 21, JSW Energy’s stock surged 4.8% during intraday trading, peaking at Rs 490.95 on the BSE. Morgan Stanley…
Following the announcement of a new equity interest purchase in its Singapore-based subsidiary, T Steel Holdings Pte. Ltd., valued at Rs 2,603 crore, Tata Steel shares are expected to be the focus of attention on Friday. Following business hours on Thursday, the steelmaker revealed that it had paid $300 million (Rs 2,603.16 crore) for 191.08…
Singapore unveiled on Friday a series of initiatives to revitalize its equities market, including a 20% tax break for main listings and a S$5 billion ($3.74 billion) program aimed at investing in indigenous businesses. The announcement goes into further depth on the steps outlined by Singapore’s equities market review committee on February 13 to revitalize…
Japan’s Nikkei share average recovered losses to finish higher on Friday, as comments from Bank of Japan Governor Kazuo Ueda allayed concerns that the central bank would hike interest rates rapidly. The Nikkei closed 0.26% higher at 38,776.94 after sliding as much as 0.6% earlier in the session due to a stronger yen and concerns…
The National Stock Exchange (NSE) announced significant revisions to its benchmark indices on Friday, February 21, with food delivery company Zomato and Jio Financial Services Ltd (JFSL) scheduled to join the more extensive Nifty 50 index in the following semi-annual reshuffle, which will take effect March 28, 2025. The move indicates that conventional investors have…
Madhabi Puri Buch, chairman of the Securities and Exchange Board of India (Sebi), said on Friday that the regulator did not need to comment on the current drop in mid-and small-cap stocks, which had raised her worries last year due to their high valuations. Speaking at an event in Mumbai, the regulator relied on her…