All 10 listed stocks of the Adani Group were trading in the green at the time of writing on Friday. The surge in the stocks comes even as the broader market was under the pump. Both the benchmark Sensex and the broader Nifty were in the red on Friday, extending…
The KOSPI index has remained on edge as concerns about the South Korean economy continued. This retreat also happened as the South Korean won remained in a strong downward trend, with the USD/KRW rising to 1,451, up by over 12% from its lowest point this year. Why the KOSPI index…
Shares of Reliance-owned Just Dial have remained muted in the past six months. Just Dial’s share price has moderated around 2% in the past six months. Ventura Securities has initiated coverage on Justdial with a “buy” rating, assigning a target price of ₹2,920 (£27.28) for the stock over the next…
Breaking up companies into smaller, independent entities is proving to be a winning formula for investors. Spinoffs, often pursued to create shareholder value, have delivered extraordinary returns in 2024. The Bloomberg Spinoff Index, which tracks companies separated from their parent firms over the past three years, has surged 63% this…
The DAX index retreated for seven consecutive days as concerns about the hawkish Federal Reserve and Donald Trump tariff threats continued. The index, which tracks the biggest companies in Germany, fell to €19,780, its lowest level since December 2nd. It has fallen by 3.75% from its highest level this year. …
European markets experienced a downturn on Friday, with the pan-European STOXX 600 index declining by over 1%, reaching its lowest point in nearly a month. This decline marked the worst weekly performance for European stocks in three months. The market’s downturn was influenced by US President-elect Donald Trump’s statements regarding…
The Bank of England (BOE) ended its final meeting of 2024 with a decision to hold interest rates steady at 4.75%. The move came as UK inflation rose to an eight-month high of 2.6% in November, up from 1.7% in September, driven by higher prices in core goods and food.…
Investment demand for gold in India showed steady growth since Diwali even as jewellery consumption slowed, the World Gold Council (WGC) said. “Since the peak Diwali buying season, jewellery demand has been lacklustre; gold prices fluctuations have kept consumers on the sidelines despite the onset of the wedding season,” Kavita…
The United Nations reported on Wednesday that the economies of Latin America and the Caribbean are expected to rise by 2.4% in 2025, driven mostly by increased domestic consumption. However, this predicted expansion is mitigated by the risks connected with rising global geopolitical and trade tensions. The UN Economic Commission…
The US economy continues to defy expectations, growing at an annualized rate of 3.1% in the third quarter of 2024, according to the Commerce Department. That’s another upward revision from the initial estimate of 2.8%. Growth was driven by stronger exports, increased consumer spending, and robust federal government expenditures, even…