US stock index futures rose as bond yields eased, while strong earnings from Caterpillar and United Technologies helped reinforce optimism about a Q1 earnings season.
Extending its losing run for the sixth straight session, the rupee today plummeted by a staggering 36 paise to hit a fresh 13-month low of 66.48 against the US dollar.
US stocks index futures treaded water, ahead of a bevy of earnings from the world’s biggest companies and as wary investors watched US bond yields approach peaks.
Gold slipped to their lowest level in nearly two weeks in range-bound trade, as the dollar rose on the back of climbing US Treasury yields and as global concerns eased.
A significant global trade war would have very negative economic effects though it is still too soon to say if such a conflict will arise, John Williams said.
Foreign investors have pulled out nearly Rs 8,000 crore from the Indian capital markets so far this month due to considerable volatility in global markets.
U.S. stock index futures nudged higher following strong earnings from industrial heavyweights General Electric and Honeywell.
New applications for US unemployment benefits fell last week, indicating continued job growth after a slowdown in March.
US stock index futures edged lower, as the effect of higher oil prices was offset by declines in chipmakers, following a weak forecast from Taiwan Semiconductor.
U.S. stock futures rose after the latest batch of results including Wall Street bank Morgan Stanley (MS.N) added to optimism about the U.S. corporate reporting season.
Steel Ministry To Announce Scrap Policy This Year
Draft Scrappage Policy Allows Benefits For Vehicles Older Than 20 Yrs
Steel Secy Arun Sharma Says Policy Will Be Out By December 2018
Scheme Will Come In Effect From April 2020
Telenor India Eyes Bankruptcy Filing, Merger Plan With Airtel May Take Hit
Legal Tussle Over Bank Guarantee Could Also Delay Govt Approval
Economic Times Reports
Lenders To Meet Today To Decide On Essar Steel
CoC May Give Time To Arcelor And Numetal To Rectify Bids
Business Standard Reports
IPO under SEBI scanner
SEBI has sought details of investment made by ICICI Prudential MF
Had to cut its IPO Size To Rs 3,520 Cr from original target of Rs 4,017 Cr
A large chunk was bought by ICICI MF
ICICI MF is ICICI Securities largest public shareholder with 3.82% stake
Board approves proposal for corporate restructuring
Move aimed at simplifying & clarifying structure & holdings
To focus on travel, forex, destination mgmt & portfolio investments
Restructuring will consolidate HR services into Quess Corp
Shareholders will receive 1,889 shares of Quess for every 10,000 Shares Held in Co