Two-year yield hits highest since 2024 as investors weigh outlook for rate hikes
On Friday, US Treasury yields experienced an upward movement as investors expressed concerns regarding inflation. The Federal Reserve’s recent increases in interest rates and indications of more hikes in the future contribute to this shift. With traders predicting additional adjustments in upcoming meetings, there is a growing focus on global central banks tightening their monetary […]
Europe’s STOXX600 falls as autos, telecoms lead broad sell-off
European stocks took a downturn on Friday, primarily influenced by the disappointing outlook from Volkswagen and considerations surrounding Airtel Africa’s IPO. This trend notably affected auto and telecom sectors. Despite oil prices stabilizing, energy shares were down on the week, alongside increased caution from central banks amid inflation worries. Meanwhile, healthcare and insurance sectors managed […]
Stock split alert! 3 stocks turning ex-record date for stock splits next week. Do you own any?
Three stocks, including Taal Tech, Midwest Energy and Naturite Agro Products, will turn ex-split next week, with investors needing to buy before their respective record dates.
Tata Sons IPO: How 7 Tata Group stocks performed this week amid IPO buzz
Tata Group stocks witnessed sharp volatility this week as developments around the Tata Sons IPO triggered strong buying and selling. Tata Chemicals led the gains with a 13% rise, while Tata Investment Corp gained 8%. Tata Power, IHCL and Tata Motors Passenger Vehicles also ended higher despite Friday’s sell-off.
ETMarkets Smart Talk | Don’t chase growth at any valuation; rising US yields can pressure P/E multiples: Manish Kumar
Midcap and smallcap stocks are hitting record highs, but rising valuations and higher US Treasury yields could challenge the rally. ICICI Prudential Life Insurance CIO Manish Kumar discusses earnings visibility, domestic liquidity, FII selling, IPO supply and valuation discipline, while explaining why investors should avoid chasing growth at any price.
Tata Group stocks reel from aftershocks as Trusts opposes third term for N Chandra
Tata stocks plummeted on Friday due to opposition from Tata Trusts, who contested the reappointment of N Chandrasekaran as chairman by the Tata Sons board. This leadership tug-of-war has raised concerns among investors, uncertain about its implications for multiple group companies. The potential for Tata Sons to go public remains a pivotal opportunity for stakeholders, […]
Rupee snaps losing streak on RBI support, oil retreat
On Friday, the Indian rupee managed to break its losing streak, thanks to active dollar sales by the Reserve Bank of India and a decrease in oil prices. The currency closed at 95.87, reflecting a minor uptick from its previous closing value. Nevertheless, the firm dollar index and ongoing importer demand curtailed major gains, with […]
India’s forex reserves drop by $4.9 billion
India’s foreign exchange reserves faced a considerable downturn last week, plunging by $4.9 billion to a total of $780.7 billion. This decrease was influenced by lower valuations of gold reserves and a drop in foreign currency assets. To counteract rupee depreciation, the Reserve Bank of India is likely to have intervened by selling dollars. Some […]
SP Group seeks 3-6 months to repay Rs 3,500 crore bond
Shapoorji Pallonji Group is negotiating with lenders for a bond repayment extension. The group seeks three to six months to continue its debt refinancing plans. Proceeds from July financing were expected to cover the maturity. SP Group’s dollar bond has gained in the secondary market recently. Investors are monitoring developments around the group’s Tata Sons […]
How Bessent, America’s bond salesman, cornered Japan on big spending
In a significant dialogue, US Treasury Secretary Bessent encouraged Japan to implement reforms in its fiscal and monetary policies. Aiming to stabilize the yen and mitigate market fluctuations, he emphasized the importance of US influence in this relationship. Meanwhile, Japan’s finance minister sought backing from the US for yen support, illustrating the ongoing dynamic of […]