11/20/2023 0 Comments Money control pro![]() Apple is expected to release its latest iPhone in September, although there have been some rumblings on the Street about a possible delay. Therefore, Wall Street is looking for what the company may have to say about the current, fiscal fourth quarter. However, the quarter ending in June is typically Apple's slowest of the year. They anticipate earnings per share of $1.19. Analysts expect Apple's fiscal third-quarter revenue to come in at $81.7 billion, a 2.3% drop from the year prior, according to StreetAccount estimates. When Apple reports earnings Thursday, investors will pay close attention to what the smartphone maker has to say about growth in its services division, developments in artificial intelligence and iPhone sales. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Technical Picks: SBI, TCS, Karur Vysya Bank and Finolex Industries (These are published every trading day before markets open and can be read on the app).Best Debt Consolidation Loans for Bad Credit Oh Canada! Warmer times for immigration in the Great White North Old Pension Scheme not a game changer for 2023 assembly polls or 2024 Lok Sabha elections Global economy has turned the corner, but the negatives haven't fully gone awayīudget 2023: Making India the next research, innovation and bio-manufacturing hub of the world Share buybacks: welcome payments in a suspect currency (republished from the FT) Three questions without clear answers in Budget 2023īudget 2023: Electoral compulsions, growth and fiscal prudence all get their dueīudget 2023: Investors should keep laser focus on relative valuations across sectorsīudget 2023: Tepid rural allocations unlikely to derail farm inputs demandĭoes the Bitcoin rally mean crypto is back? Larger companies make the most of new corporate tax regime SRF: Agrochemical opportunity offsets weakness in other areas Titan Company: Marginal miss in margin, long-term story intactĭabur India: Volume, margin recovery a work in progress Weekly Tactical Pick – A trust-worthy play on the economic recovery cycleĪshok Leyland: Why this automaker is a steady bet at this juncture Investing insights from our research teamīudget 2023: Which life insurance stocks should one consider? Nevertheless, the Indian markets have a lot going for them and it's just a matter of time before the positives of an excellent budget and the end of the monetary tightening cycle start getting reflected in Indian equities, too. That's because the allegations by short-seller Hindenburg against the Adani group have depressed sentiment. ![]() Indeed, that is precisely what our columnist has said in his article, 'Why Budget 2023 is like a Curate's Egg'.īut while global markets are celebrating the end of jumbo interest rate hikes, the Indian stock market has held back. For the RBI, there are enough signals given by the Street and central banks in the developed world, to start to re-evaluate its stance. In short, a turn in the interest rate cycle appears imminent. In an accompanying monetary report, it hinted that there is a chance this week's might be the last interest rate hike for some time, saying it would only raise rates further "if there were to be evidence of more persistent (inflationary) pressures" than it expects. The ECB has said it would evaluate the path of monetary policy after another rate hike in March. In fact, the Bank of Canada became the first central bank in a G10 economy to hint it was ready to pause its tightening cycle on account of a slowdown in domestic demand. The Federal Reserve increased interest rates by 25 basis points, but Chair Jerome Powell came across as dovish. The Bank of England raised interest rates by another half percent, but it now forecasts a shallower recession this year than previously feared. The meeting comes at an interesting time as most central banks are now rapidly becoming dovish. With the borrowing programme being in line with the Street estimate, bond yields have fallen.Īfter the budget, the spotlight will now be on the RBI Monetary Policy Committee meeting next week. The upshot: the numbers have improved sentiment in the bond market, which has rallied since the budget. ![]() Finance Minister Nirmala Sitharaman ticked all the right boxes by focusing on growth and at the same time not letting her eyes off the fiscal deficit. The budget math seems to have pleased the bond market. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. ![]()
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