Investors on Wall Street in the week ahead will look for two major economic data – consumer price inflation and US retail sales – apart from other reports and corporate earnings. Both, inflation and retail sales data have the potential to influence the Federal Reserve’s monetary policy. In earnings, retail giant Walmart and Home Depot … Read more
Investors will also closely watch Fed Chairman Jerome Powell’s press conference for insights on the US central bank’s future monetary policy path. The Fed is widely expected to hold interest rates steady. The week will also see other economic data such as auto sales and ISM manufacturing, and earnings reports from a wide range of … Read more
On Wall Street in the week ahead, the focus of stock market investors will be on the first quarter (Q1) US GDP data, the Federal Reserve’s preferred inflation gauge – the PCE (personal consumption expenditures) index, and quarterly financial results from Microsoft, Alphabet, Meta Platforms and Tesla. Market participants will also keep an eye on … Read more
Wall Street: US stock indices surged on Wednesday bolstered by megacap stocks and positive corporate earnings. At 9:41 a.m. ET, the Dow Jones Industrial Average was up 146.74 points, or 0.39 per cent, at 37,945.71, the S&P 500 was up 20.02 points, or 0.40 per cent, at 5,071.43, and the Nasdaq Composite was up 71.46 … Read more
Wall Street: US stocks were mixed on Tuesday as Treasury yields advanced amid conflict in Middle East. At 9:48 a.m. ET, the Dow Jones Industrial Average was up 87.56 points, or 0.23 per cent, at 37,822.67, the S&P 500 was down 13.26 points, or 0.26 per cent, at 5,048.56, and the Nasdaq Composite was down … Read more
The fresh flare-up in tensions between Israel and Iran has made investors nervous and is the biggest reason behind the selloff in the Indian market this week. “Tension in the Middle East is the major reason for selling in the Indian equity market as this has put doubts regarding the geopolitical uncertainty in the region,” … Read more
On Wall Street in the week ahead, investors’ major focus would be on inflation data for March and the minutes of the Federal Reserve’s March monetary policy meeting. Following last week’s strong jobs report that dented interest rate cut odds, investors will closely watch the consumer prices data and the Fed minutes for clues about … Read more
This is believed to be either the last or perhaps second last meeting before the interest rates are eventually slashed after a long hiatus. A Reuters poll predicted that the RBI is expected to cut rates in the Sept quarter. Notably, the banking regulator had raised the repo rates by a cumulative of 250 basis points … Read more
Stock market investors on Wall Street in the week ahead will be watching the Federal Reserve’s preferred inflation gauge — the Personal Consumption Expenditures (PCE) index and speeches from a host of Fed speakers including Chair Jerome Powell. The week will also see data on durable goods orders and consumer confidence. Last week, the US … Read more
Deepak Ramaraju, Senior Fund Manager at Shriram AMC, shares insights on the market, discussing both global and domestic conditions, and focusing on factors like inflation and geopolitical tensions. He predicts a market rebound post-elections driven by corporate earnings, particularly in the SMID space. Additionally, he recommends Equity Linked Savings Schemes (ELSS) as a tax-saving option … Read more