Oil prices leaped to their highest level this year on Thursday, September 14, extending its rally as expectations of tighter supply outweighed worries about weaker economic growth and rising US crude inventories. Crude oil has picked up a robust momentum ever since Saudi Arabia and Russia extended their voluntary outputRead More →
US stocks dipped on Tuesday, weighed down by rising treasury yields and higher oil prices. The S&P 500 lost 18.97 points, or 0.42%, at 4,496.8. The Dow Jones Industrial Average fell 195.61 points, or 0.56%, at 34,642.1. The Nasdaq Composite dropped 10.86 points, or 0.08%, at 14,020.95. Technology stocks gained,Read More →
European stocks closed flat on Monday after paring gains. Earlier in the session, the stocks rose on fresh Chinese stimulus measures aimed at supporting the country’s beleaguered property sector. The pan-European STOXX 600 index ended at 457.96 points after rising as much as 0.9% earlier in the session. China’s financial regulatorsRead More →
New Delhi: Global crude oil prices were steady on Monday after hitting the highest level since November on expectations that supply cuts by OPEC will tighten supplies. At 1148 am, the November contract of Brent on the Intercontinental Exchange (ICE) was at $88.57 per barrel, up 0.02% from its previousRead More →
In the week ahead on Wall Street, stock market investors will closely watch the key economic reports that include factory orders data, initial jobless claims, and consumer credit data. On Monday, the US stock market will remain closed for a public holiday on account of Labor Day. During the week,Read More →
US stocks ended mixed on Thursday after inflation and weekly jobless data. Investors are keenly awaiting employment data due on Friday for clues on the Fed’s monetary policy outlook. The S&P 500 lost 7.21 points, or 0.16%, at 4,507.66. The Dow Jones Industrial Average fell 168.33 points, or 0.48%, at 34,721.91. TheRead More →
US stocks rose on Wednesday after latest GDP data hinted at pause in interest rate hike. The S&P 500 rose 0.38% at 4,514.87 points. The Nasdaq gained 0.54% at 14,019.31 points. The Dow Jones Industrial Average added 0.11% at 34,890.24 points. Data on gross domestic product (GDP) showed that the US economy expandedRead More →
Saudi Arabia will likely roll over a voluntary oil cut of 1 million barrels per day (bpd) for a third consecutive month into October amid uncertainty about supplies and as the kingdom targets drawing down global inventories further, according to analysts quoted in a report by news agency Reuters. TheRead More →
Adhesives maker Pidilite Industries Ltd continues to increase its grip on gross margins. In fact, at 49% in the June quarter (Q1FY24) consolidated gross margin hit an eight-quarter high and expanded sharply by over 700 basis points year-on-year. Easing raw material prices and operational efficiencies are reasons behind the ongoingRead More →
Oil prices snapped its tow-day losing streak and jumped higher on August 3 after Saudi Arabia extended its voluntary one million barrel per day (bpd) output cut by another month to the end of September. Brent crude futures were up 76 cents to $83.96 a barrel, while US West TexasRead More →
