Titan Company shares surged to a record high on Wednesday. This jump followed a strong business update for the March quarter. The jewellery division saw significant growth, driven by Tanishq and Mia. Buyer growth improved, and higher average ticket sizes boosted revenue. The watches division also reported growth, particularly in analogue watches.Read More
Asian markets are subdued as a fragile Gulf ceasefire shows signs of breaking. Oil prices are rising again, signaling prolonged inflation. Investors are cautious as the Strait of Hormuz remains under threat. This instability impacts global markets, with oil futures seeing an uptick. Inflationary pressures are expected to persist, influencing central bank decisions on interest rates.Read More
World markets experienced a dramatic uplift as the U.S. and Iran cemented a two-week ceasefire, alleviating concerns over inflation and volatile oil markets. With this breakthrough, major U.S. stock indices soared, especially in sectors tied to economic growth. European markets and the global index mirrored this positive trend. In the wake of the announcement, oil prices took a notable downturn.Read More
Mary Daly, the head of the San Francisco Federal Reserve, is optimistic about the vitality of the US economy. With consumers maintaining their spending habits and businesses showing a commitment to investment, she emphasizes resilience. Despite worries over inflation due to rising oil prices stemming from the Iran conflict, Daly reassures that the labor market is robust.Read More
In recent meetings, Federal Reserve officials mulled the idea of increasing interest rates as inflation rates climbed beyond target thresholds, influenced in part by the intensifying U.S.-Israeli conflict with Iran. Despite this, there is a strong expectation among many for rate cuts on the horizon.Read More
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