The United States from November will target Iran’s oil exports with sanctions, and Washington is putting pressure on governments and companies around the world to fall in line and cut purchases from Tehran.
Market
Trump Says Market Would Crash if He Got Impeached
When asked earlier if he would pardon Manafort, he sidestepped the question and didn’t give an answer. He also insisted that Manafort was “not with his campaign long”.
Trade Tensions and the Fed Shift the Market – Gold Silver Reports
Has the stock market reached a turning point? While such moments are incredibly difficult to call—most investors would do well to avoid trying to time the market—a few signals have appeared suggesting a shake-up among the leaders and laggards may be afoot.
T Index Rises Over 1.5% Tracking Rupee Weakness
Gold Silver Reports (GSR) – IT Index Rises Over 1.5% Tracking Rupee Weakness – Shares of IT companies were trading higher tracking weakness in Indian rupee against the U.S. dollar. Gauge of IT companies on the NSE — Nifty IT index rose 1.57 percent.
Bata India Declines Most In A Month Following SEBI Order
Gold Silver Reports (GSR) – Bata India Declines Most In A Month Following SEBI Order — Shares of the footwear maker fell as much as 3 percent, the most in since Feb. 16, to Rs 690 after SEBI ordered the company to conduct an internal probe.
Bitcoin Emerges as Crisis Currency
Gold Silver Reports – Bitcoin Emerges as Crisis Currency – About a third of the customers queuing at La Maison du Bitcoin’s teller windows in Paris aren’t speculating on the value of the cryptocurrency.
An Investment-Lite Growth Model?
Gold Silver Reports – An Investment-Lite Growth Model? – Cast your eyes on the accompanying chart. It’s well known now that the International Monetary Fund (IMF) has forecast 6.7% growth in India’s gross domestic product (GDP) this year, which will improve to 7.4% next year and further to 7.8% the year after next. That the slowdown in growth is temporary is indeed good news.
Sluggish Economy Forces L&T to Dim FY18 order Flow Guidance
Gold Silver Reports – In anticipation of strong results for the September quarter, Larsen and Toubro Ltd’s (L&T’s) stock closed 4% higher on Friday. The Street was not wrong, and the diversified conglomerate’s operating performance easily beat estimates.
Investors Running out of Cash -Terrible News for Global Stocks
Gold Silver Reports – Investors Running out of Cash -Terrible News for Global Stocks – Money market assets make up a record-low 17% of long-term funds, the cash balance of equity mutual funds also sits at an all-time low of 3.3%