HDFC Bank’s Q3 Net Profit Rises 18% YoY – Top Indian Market News HDFC Bank Q3 Results: Net profit rises 18% YoY to Rs 8,758 crore HDFC Bank Ltd reported an 18.1% YoY increase in net profit to Rs 8,758.3 crore for the quarter ended December (Q3). It had posted a net profit of Rs 7,416.48 crore in the corresponding period a year ago. The bank’s net interest […] Written by Cherian Varghese January 16, 2021January 16, 2021
$2 Trillion to Move Out of London on Brexit – Top 10 Global News 1. Stocks, Yields Fall as Reflation Trade Sputters European stocks followed Asian shares and U.S. futures lower on Friday as President-elect Joe Biden’s much-anticipated $1.9 trillion Covid-19 relief plan came under scrutiny. The dollar pushed higher and Treasury yields dropped. Energy firms and miners led declines in the Stoxx 600 Index. Optimism about the U.S. […] Written by Jaseel Muhammed January 15, 2021January 15, 2021
US Jobless Claims Highest since March’20 – Top 10 Global News 1. Treasury Yields Rise on Aid Report; Stocks Advance Treasury yields rose with stocks on Thursday after a report suggested President-elect Joe Biden plans Covid-19 relief of about $2 trillion. Biden is expected to announce his economic support plans later in the day. Futures on the small-cap Russell 2000 Index jumped, while contracts on the […] Written by Jaseel Muhammed January 14, 2021January 14, 2021
Bitcoin Sees Worst Week since March’20 – Top 10 Global News 1. U.S. Stock Futures Fluctuate While Dollar Climbs U.S. equity futures fluctuated and the dollar strengthened as investors focused on comments from the Federal Reserve and European Central Bank about the outlook for monetary stimulus. In Europe, the ECB will keep an easy stance for as long as needed, and U.S. investors took comfort from […] Written by Jaseel Muhammed January 13, 2021January 13, 2021
Infosys Reports 16% YoY Rise In Net Profit – Top Indian Market News Infosys Q3 Results: Net profit jumps 16.6% YoY to Rs 5,197 crore Infosys Ltd reported a 16.6% year-on-year (YoY) increase in consolidated net profit at Rs 5,197 crore for the quarter ended December (Q3). The IT major had posted a net profit of Rs 4,457 crore in the same period last year. The company’s revenue […] Written by Cherian Varghese January 13, 2021January 14, 2021
UK Businesses Face Aftermath of Brexit – Top 10 Global News 1. Stocks Decline; Treasury Yields Extend Climb U.S. stocks fell and benchmark Treasury 10-year bond yields rose to a 10-month high as investors mulled the prospects of the economic recovery and vaccine rollout. The S&P 500 edged lower for a second day, with the utilities and communication services sectors leading the declines. Europe’s Stoxx 600 […] Written by Jaseel Muhammed January 12, 2021January 12, 2021
Trump Impeachment Likely After Capitol Riots – Top 10 Global News 1. Dollar Rises as Stocks, U.S. Futures Retreat After a buying frenzy swept across global markets last week, investors are starting Monday in a cautious mood. The dollar climbed against all its major peers, with demand supported by elevated US bond yields. European stocks pulled back from a 10-month high and S&P 500 futures dipped. […] Written by Jaseel Muhammed January 11, 2021January 11, 2021
Elon Musk World’s Richest Man – Top 10 Global News 1. Stocks Rise as Dismal Jobs Data Spur Stimulus Bets Stocks rose after data showing a sharp slowdown in U.S. hiring bolstered speculation on further stimulus to revive economic growth as the pandemic ravages the country. The S&P 500 climbed toward another record, led by energy producers, retailers and technology companies. While economists expect vaccinations […] Written by Jaseel Muhammed January 8, 2021January 8, 2021
Democrats win Senate; Biden gets Full Govt. Support – Top 10 Global News 1. Stocks Climb Toward Record With Stimulus in Focus Stocks rose toward a record a day after violence rocked the U.S. Capitol, with investors firmly focused on the prospect for more economic stimulus and the likelihood that calm will prevail as Joe Biden takes the presidency. The S&P 500 extended gains into a third day, […] Written by Jaseel Muhammed January 7, 2021January 7, 2021
Democrats Hopeful of Senate Control – Top 10 Global News 1. Treasury Yields Reach 1%; Nasdaq Futures Tumble Benchmark Treasury yields touched 1% for the first time since March while investors rotated out of technology and into cyclical stocks on speculation Democrats are on the cusp of taking control of U.S. Congress. Democrat Raphael Warnock ousted Republican Kelly Loeffler in a runoff race, leaving control […] Written by Jaseel Muhammed January 6, 2021January 6, 2021
Saudi – Qatar Normalize Relations – Top 10 Global News 1. Stocks Fluctuate Amid Key Georgia Senate Runoffs Stocks wavered amid key elections in Georgia that will decide which party controls the U.S. Senate for the next two years, setting the scope of President-elect Joe Biden’s agenda. The S&P 500 swung between gains and losses after posting its worst start to a year since 2016. […] Written by Jaseel Muhammed January 5, 2021January 5, 2021
Bitcoin Crashes as Crazy Rally Ends – Top 10 Global News 1. Stocks Climb Toward Record While Bonds Decline Stocks rose on speculation that widespread vaccine distribution and government stimulus will reignite economic growth and boost corporate profits. The dollar fell toward an almost three-year low. Markets shrugged off concern over a surge in global coronavirus cases and the threat of more stringent restrictions amid a […] Written by Jaseel Muhammed January 4, 2021January 4, 2021
