Railway-linked stocks have seen a year-end comeback, with companies in ticketing, rolling stock, and infrastructure posting significant gains. Jupiter Wagons led the rally, attributed to budget expectations and a preferential issue conversion. Analysts suggest booking profits on further rallies while focusing on wagon businesses with stronger demand.
Chicago Fed President Goolsbee rejects calls for Fed rate cuts to ease US debt burden
Chicago Fed President Austan Goolsbee rejected calls for interest-rate cuts to ease the US government’s debt burden, warning that such a move could fuel inflation