European shares log weekly losses on Iran war-linked inflation woesdrop
European markets experienced a significant downturn, with the STOXX 600 index sliding due to escalating energy inflation fears stemming from the U.S.-Iran tensions. Rising costs are impacting consumer and producer prices, prompting expectations of interest rate hikes. Economically sensitive sectors and defence stocks bore the brunt of the sell-off, despite some positive corporate news.
Gold at over one-week low as dollar, yields climb, Middle East tensions stoke inflation
Gold prices have fallen to a one-week low. This decline is driven by rising U.S. Treasury yields and a stronger dollar. Inflation fears from the Middle East conflict are also pushing interest rate hike expectations. Other precious metals like silver, platinum, and palladium have also seen significant drops. Investors are reacting to these market shifts.
Crude oil surges 8% in a week to near $110 as Iran war tensions simmer again. Where are prices headed?
Oil prices surged this week as U.S. President Trump and Iran’s foreign minister exchanged remarks, dampening hopes for a near-term agreement on ship attacks around the Strait of Hormuz. Brent crude futures rose 7.84% and WTI gained 10.48% amid uncertainty over the fragile ceasefire and the potential for prolonged disruptions to vital oil and LNG […]
Mayday: Rupee breaches 96 wall, pulls back after RBI intervention
The Indian rupee faces historic challenges, having plummeted to unprecedented levels against the US dollar. The surge in crude oil prices is a key factor in this decline. In response, government officials are prioritizing strategies to draw in foreign currency and consider various measures to reinforce the rupee.
Wall Street Week Ahead: Nvidia, retailer reports to shed light on AI boom, consumer spending
Stock markets are reaching new highs. Investors are watching for Nvidia’s earnings report this week. This will show the strength of the artificial intelligence boom. Retailers like Walmart will also report. Their results will reveal how consumers are spending amid rising prices. These reports will be crucial for the market’s direction.
Nabard pulls out bond issuance on weak demand
In a surprising turn of events, Nabard has pulled the plug on its scheduled bond sale this Friday, citing a lackluster response from investors. The rural development bank aimed to secure ₹7,000 crore but only attracted bids close to ₹3,030 crore. Analysts suggest that the borrowing costs would have ranged between 7.79% and 8.
Fuel hike not enough to offset all losses, oil stocks fall further
In an unexpected turn, shares of oil companies fell even with a recent fuel price boost. This adjustment couldn’t compensate for the rising crude oil prices, leaving experts calling for further alterations in pricing. Investors are advised to hold tight until market indicators become more distinct. The persistent geopolitical climate is keeping oil prices robust, […]
US stocks today: Dow Jones crashes 500 points on mounting inflation worries
U.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation concerns. The selloff hit AI-driven tech stocks hardest, while markets reassessed rate hike risks under incoming Fed leadership, with geopolitical tensions and bond market signals dampening investor sentiment.
Sebi approves IPO plans of Neolite Lightings, Aspri Spirits and SS Retail
Sebi approved IPO plans of Neolite ZKW Lightings, Aspri Spirits and SS Retail, enabling them to raise funds through fresh issues and OFS routes. The companies operate in automotive lighting, premium alcohol distribution and consumer electronics retail, targeting expansion, manufacturing growth and debt repayment.
Tata Steel Q4 Results: Cons PAT soars 147% YoY to Rs 2,965 crore, revenue jumps 13%
Tata Steel Q4 Results: Tata Steel reported a consolidated net profit of Rs 2,965 crore in the March-ended quarter versus Rs 1,201 crore in the year ago period, a 147% YoY growth.