GOLD: Freeport-McMoRan Copper & Gold Inc. lowered its forecast for gold sales in 2016 to 1.26 million ounce, 1.70 million ounce expected previously, according to wenhua.com. Gold has been consolidating recently with a bias to the upside, but the absence of a catalyst to drive it out of the range, limited its upside ability. On […]
GOLD: Gold prices continued to consolidate below the strong resistance at 1271 and above the support at 1263. Gold prices were suppressed mainly due to a strong dollar which was a continuation of the sentiment from last week. The USD was strong against all instruments in general and this affected all the commodities as well […]
Here are the top five things you need to know in financial markets on Monday, October 24: 1. AT&T picks up Time Warner for $85 billion AT&T confirmed over the weekend that it agreed to buy Time Warner for $85.4 billion in a move to create a telecom-media giant in what would be the largest […]
In 12 days’ time another year would have gone by and you will be wondering how your trading went in 2015. Trading is a life long journey so you can improve every year but you need to take stock at different points of your career to see reflect on your journey so far. Perhaps in […]
The dramatic shift to online shopping that has crushed U.S. department stores in recent years now threatens the investors who a decade ago funded the vast expanse of brick and mortar emporiums that many Americans no longer visit. Weak September core retail sales, which strip out auto and gasoline sales, provide a window into the […]
CRUDE OIL; Traders said the drawdown was caused by fewer refinery runs and lower imports. During this time of year, refineries go into maintenance which causes a drop in demand because less crude is needed to produce gasoline and other fuel products. According to the new data, refinery runs are down to 88 percent of […]
It will be a risk-on and risk-off environment for the emerging markets (EMs). While inflows will come in, growth continues to be subdued from most of the EMs, he told CNBC-TV18 adding that growth opportunities like in South East Asia and India. However, corporate credit risks are prevalent, which could be a restraining factor for […]
Infosys reported revenue growth of 3.9% QoQ on CC basis, driven by 4.0% QoQ volume growth (higher than TCS’ volume growth of 1.3% QoQ). On a reported basis, the company’s revenues were up by 3.5% QoQ at $2,587 million (vs our estimates of $2,572 million). The EBITDA margins improved 84bps QoQ to 27.3% (in-line with […]
The Five factors held Responsible are as follows: Rate hike hints from the US Fed: The minutes of the ‘September 20-21 meeting’, at which the US Fed held rates steady, showed a larger probability of a rate hike in the month of December. Most market analysts and experts around the world weren’t expecting a rate […]
TOP NEWS Cipla receives Establishment Inspection Report (EIR) from the USFDA for its Indore facility indicating formal closure of the US FDA inspection conducted in July/August, 2015 – Positive for Cipla; we expect that product approvals from this facility will help Cipla gain momentum for its US business. Sun Pharma recalls 31,762 bottles of its […]
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