China’s overall economic performance in terms of GDP depends on whether fiscal stimulus and monetary easing are big enough and happening fast enough to offset the negative impact on exports and related manufacturing activity from the ongoing trade war.
Gold Silver Reports (GSR) – Of all the forces swaying equity prices, earnings expectations are the hardest to see. They don’t make headlines, are difficult to quantify and get lost in the din around trade wars and politics.
Gold Silver Reports (GSR) – Russia’s Surgut Awards Shell with 1.2 Million Tonnes of Urals Oil in Tender: Trade – According to market participants, the premium to the price formula paid by the winner was a touch above $0.30 a barrel, slightly below the price level achieved in the previous tender.
Government-Owned Banks Surge in Trade — Shares of the state-run lenders were witnessing good buying index. Gauge of the government-owned banks — Nifty PSU Bank index rose 2 percent led by gains IDBI Bank, Allahabad Bank and Bank of India.