Big Movers on D-St: What should investors do with Cholamandalam Investment, Dr Reddy’s Laboratories and HCL Tech?
Post reversal, the stock has already rallied over 8%. Currently, the stock is comfortably trading above short-term averages, and it also formed a range breakout formation on the weekly charts which indicates the continuation of the uptrend in the future.
Gold dips on stronger dollar after US payrolls data
Gold prices fell on Monday as the dollar firmed after the U.S. non-farm payrolls report pointed to a tight labour market and raised the odds of another rate hike by the Federal Reserve at its May policy meeting.
Recession probabilities rising, Fed nearing the end: Summers
Summers discounted Friday’s March jobs report, which he said reflected the strength of the economy early in the first quarter but is now less relevant given prospects of a tightening in credit. The data showed another firm gain for US payrolls, with the unemployment rate dipping to 3.5%.
UAE emerges as alternative to rupee trade with Russia
The push is toward facilitating trade through the UAE as the country’s currency – the dirham – is pegged to the dollar and enjoys global stability.
Heroes or Villains: Short sellers’ role in the US banking crisis
Investors who wager shares in a company will fall were increasing bets on First Republic’s stock when it was already taking a beating, making it difficult for the bank to recover its value.
Indiabulls ropes in Oaktree to buy its loans
The infusion of debt capital will happen through a jointly-formed special purpose vehicle (SPV) which would float instruments like debentures that Indiabulls and Oaktree would subscribe to.
Mauritius authority quizzes investment managers over fees
The Mauritius Revenue Authority (MRA) has launched a probe into the finances of at least seven investment managers (IMs) who advise funds on stocks in markets such as India. The MRA is said to be questioning the fees earned by the IMs and the extent to which income is transferred to entities in other countries. […]
A popular EM FX trade back with global rates peaking
With the International Monetary Fund predicting that developing economies, particularly in Asia, will be a bright spot even as the US slows, the right ingredients for the strategy to succeed look finally in place for the first time in years.