Market pro names stocks that could do well with margins under pressure

Patrick Armstrong, chief investment officer at Plurimi Wealth, believes this is the biggest risk for equities looking ahead. He said that market expectations for S & P 500 earnings next year looked too high, given the looming pressures. Armstrong's fund beat the MSCI World index to rise 8.2% in October.
#PatrickArmstrong #PlurimiWealth #500 #News #Business #Economy


Yesterday

Plan to cap gas price in EU slammed as ‘joke’ by ministers – DW – 11/24/2022

EU energy ministers widely panned a cap proposal cooked up by the European Commission. Spain, France, Poland, Greece, and Greece slam the proposal as a joke. Czech energy minister Jozef Sikela says the 27 member states agreed in principle on a joint gas purchasing platform for next year and the acceleration of permits for renewables.
#JozefSikela #EuropeanCommission #Czech #Spain #News #Business #Economy


Yesterday

Kotak AMC: Next year will see a fight between fund flow versus fundamentals: Nilesh Shah, Kotak AMC - The Economic Times

“We generally follow the fundamental side because funds can turn overnight, fundamentals take time to turn. Flows are like a speedboat, move very fast but when the storm hits, I better be in an oil tanker than a speed boat,” says, MD,.
#NileshShah #Kotak #News #Business #Economy


2 days ago

What India gains from FTA with Australia

The India-Australia Economic Cooperation and Trade Agreement (ECTA) is expected to double trade between the two countries in the next five years. ECTA will see India getting zero duty on 98.3% of tariff lines from the day the agreement comes into force. For the first time ever, India lowered its stiff duty on foreign wines.
#Mint #India #News #Business #Economy


2 days ago

US jobless claims hit three-month high as labor market cools

Applications for US unemployment benefits rose last week to a three-month high amid a wave of layoffs at technology companies. Initial unemployment claims increased by 17,000 to 240,000 in the week ended Nov. 19, Labor Department data showed. Continuing claims, which include people who have already received unemployment benefits for a week or more, rose by 48,000.
#LaborDepartment #News #Business #Economy


2 days ago

December Could Offer ‘The Mother Of All Buying Opportunities’ For Oil

Oil prices have traded down so far this month as fears of recession and China's surging Covid cases have weighed on market sentiment despite the imminent EU embargo on imports of Russian crude oil by sea. Brent Crude traded at $85 per barrel on Wednesday, and the U.S. Benchmark was below $80—at $78 a barrel after reports emerged that the EU is currently discussing a price cap on Russian oil.
#OilPrice #Russian #China #News #Business #Economy


2 days ago

Elon Musk has lost Rs 2,500 Crore daily this year as he fights to gain total control of Twitter - India Today

Elon Musk's wealth has reportedly declined the most in Bloomberg’s wealth index. A year ago, the billionaire's wealth index peaked at $340 billion. The credit for this goes to its Twitter takeover and other things, which we will talk about in a bit. Musk bought Twitter for $44 billion and sacked thousands of employees.
#ElonMusk #Twitter #News #Business #Economy


2 days ago

OECD Cuts India Growth Rate Forecast to 6.6 % in 2022

Organisation for Economic Co-operation and Development (OECD) cut its gross domestic growth forecast for India for the current financial year (FY23) to 6.6 per cent from 6.9 per cent. The agency said that tighter financial market conditions were weighing on the demand for capital goods.
#OECD #India #News #Business #Economy


2 days ago

Google Layoffs: Google plans to layoff 10,000 employees after performance review: report - The Economic Times

Economists See Q2 GDP Growth at Median 6.45% India’s economy likely grew 6.2-7.2% in the September quarter from a year earlier. Gautam Adani's flagship, Adani Enterprises, has initiated its much-awaited follow-on public offer (FPO) to raise as much as $2.5 billion.
#GautamAda #Google #India #News #Business #Economy


2 days ago

India May Boost Rural Spending Next Year To Spur Jobs, Housing

India may increase rural spending by nearly 50 percent to Rs 2 trillion ($24.51 billion) next fiscal year. The Indian government had allocated Rs 1.4 trillion towards the rural development ministry. The increased spending is mainly to address pandemic-driven stress in rural areas. India's fiscal year starts on April 1 and runs through March.
#Indian #India #News #Business #Economy


2 days ago

FTX bankruptcy — Investors show symptoms of fear psychosis

The collapse of FTX, a crash in digital cryptocurrencies and fresh doses of negative news are spreading fears of a crypto contagion in financial markets. FTX owes its top 50 creditors -- the list is not disclosed -- around $3.1 billion, according to media reports. Some believe that with institutional investors acting quickly to write off losses, the FTX collapse is unlikely to spread beyond cryptos.
#FTX #News #Business #Economy


2 days ago

Gold cautious ahead of Fed minutes

Gold futures are broadly flat on Wednesday tracking the international spot prices. At MCX, Gold price is currently near ₹52,200, while silver is trading near � 60, 950. 24 carat gold in 10 grams is cheaper by � 110 on Wednesday to � 52,640. Investors held back from making big bets ahead of FOMC meeting minutes.
#Fed #News #Business #Economy


3 days ago

Pakistan, Turkey and 5 Other Emerging Nations 'At High Risk of Currency Crisis': Report

22 of the 32 countries covered by Nomura’s in-house ‘Damocles’ warning system have seen the risk rising since May. Egypt, Romania, Sri Lanka, Turkey, Czech Republic and Hungary are at a high risk of currency crises. The report said that the scores generated on the 32 models showed sharp increase from 1,744 to 2,234.
#Nomura #Pakistan #News #Business #Economy


3 days ago

Fortune India: Business News, Strategy, Finance and Corporate Insight

Organisation for Economic Co-operation and Development (OECD) has downgraded India's GDP growth forecast to 6.6% for FY 2022-23 from 6.9% projected earlier. OECD joined a host of multinational agencies including global banks that have downgraded the country's GDP forecast for FY23 citing global economic challenges and soaring inflation.
#OrganisationforEconomicCooperationandDevelopment #FortuneIndia #India #News #Business #Economy


3 days ago

New Zealand hikes interest rate to 4.25% to fight inflation

The Reserve Bank of New Zealand increased its benchmark rate by three-quarters of a point to 4.25 per cent. It's the first time the bank has raised rates by more than a half-point since introducing the Official Cash Rate in 1999. The new rate is the highest in New Zealand since early 2009. New Zealand's inflation rate is currently 7.2 per cent, well above the bank's target of 1% to 3%.
#ReserveBankofNewZealand #NewZealand #News #Business #Economy


3 days ago

Oecd: India among few economies in Asia to witness growth amid global slowdown, says OECD - The Economic Times

Organisation for Economic Cooperation and Development ( OECD ) projects India as one of the few growing economies in Asia. The Paris-based intergovernmental body that focuses on economic policy reports said that India is set to be the second-fastest growing economy in the G20 in FY 2022-23 after Saudi Arabia.
#OECD #Paris #India #News #Business #Economy


3 days ago

Turkey Emergency? The Butterball Pros Have Got You Covered - CBS Miami

Thawing in the refrigerator is the recommended method for every four pounds of turkey. Use a flat rack in a shallow pan so that the turkey cooks evenly and is raised off the bottom of the pan. Practice good food safety procedures, practice good food prep and practice food prep. The Butterball Turkey Talk Line experts recommend the open pan roasting method.
#CBSMiami #News #Business #Economy


3 days ago

U.K

U.K. Growth has lagged the world's biggest economies since the Covid-19 pandemic. In the G-7 nations, GDP has grown by a cumulative 2.5%, with only the U.S. Recording a decline. Finance Minister Jeremy Hunt announced around £30 billion in spending cuts and £25 billion in tax hikes last week.
#JeremyHunt #OECD #Covid19 #News #Business #Economy


3 days ago

RIL's Mukesh Ambani praises Tata Group's N Chandrasekar, calls him ‘inspiration’

Mukesh Ambani said Tata Group chairperson N Chandrasekar is a true inspiration to the business community and youth of the country. Ambani addressed students virtually during the 10th Convocation of Pandit Deendayal Energy University (PDEU), Gandhinagar. Mukesh said that through his vision, conviction he scripted Tata Group's spectacular growth in recent years.
#MukeshAmbani #RIL #Gandhinagar #News #Business #Economy


3 days ago

What retailers' Black Friday and Cyber Monday sales tell you about retail stocks, recession and the economy - MarketWatch

Initial reports provide no insight into the strength of the retail sector in particular or the U.S. Economy. If initial reports show retail sales are weaker than expected and the stock market falls, it more often than not will reverse itself and rise through the end of the year. In 73% of the years since the index was created in 1999, its direction in that initial two-day post-Thanksgiving window was the opposite of its direction.
#MarketWatch #Black #News #Business #Economy


3 days ago

Buzzing #HashTags