U.S. stocks climbed on Thursday, driven by strong quarterly earnings from financial giants Morgan Stanley and Goldman Sachs, which saw their shares surge. Positive results from chipmaker TSMC also boosted U.S. semiconductor stocks, signaling a shift in market focus towards undervalued sectors like banks and industrials.Read More
The dollar is poised for a third weekly gain as positive U.S. economic data, including a surprise decline in jobless claims, lowers expectations for imminent Federal Reserve rate cuts. The yen remains at levels that risk intervention, while the ECB signals no near-term rate changes unless new shocks emerge.Read More
China’s record trade surplus is fueling massive private overseas investments, with companies and individuals now holding over $1 trillion in foreign assets. This shift from state control to private capital flows introduces risks of sudden reversals, especially with a strengthening yuan. The global financial system faces increased reliance on this Chinese-sourced liquidity.Read More
Oil prices remained steady on Friday. This came after fears of a U.S. strike on Iran eased. U.S. crude and gasoline inventories also rose. Venezuela has resumed oil exports. Analysts noted a swift unwinding of the ‘Iran premium’ from prices. Shell and OPEC provided outlooks on future energy demand and supply balances.Read More
Apart from these, companies such as JSW Infrastructure, Poonawalla Fincorp, Central Bank of India, JB Chemicals, Tata Technologies, Sobha, KPI Green will also report their quarterly numbersRead More
The IPO, which will close on January 20, is priced in a band of Rs 40 to Rs 47 per share and is slated to list on the BSE SME platform on January 23Read More
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