Vincent Mortier, Group CIO of Amundi, Europe’s largest asset manager, expects the US Federal Reserve to cut rates in June, not March, due to the softening economy and the need to support the US economy in an election year. Mortier also believes that the market is not prepared for this and there will be a repricing of stocks when investors realize that earnings will not grow as expected.
ICICI Bank Q3 Results: Profit rises 24% YoY to Rs 10,272 cr; NII jumps 13%
Jammu & Kashmir Bank Q3 Results: Net profit jumps 35% YoY to Rs 421 crore
Net interest income, the difference between interest earned and interest expended, remained almost flat at Rs 1280 crore as compared with Rs 1258 crore in the year-ago period. Operating profit also saw margin rise at Rs 551 crore against Rs 544 crore.
ET Market Watch: Sensex drops 260 points, Nifty down 50 pts amid selling pressure in FMCG and IT
Nifty, Sensex fall over 1% for the week, analysts expect further weakness
While frontline indices closed in the red, broader markets showed resilience. Nifty Midcap 100 gained 0.56 percent in the day and Nifty Smallcap 100 closed 0.21 percent higher.Nifty, Sensex fall over 1% for the week, analysts expect further weakness
While frontline indices closed in the red, broader markets showed resilience. Nifty Midcap 100 gained 0.56 percent in the day and Nifty Smallcap 100 closed 0.21 percent higher.Nifty, Sensex fall over 1% for the week, analysts expect further weakness
While frontline indices closed in the red, broader markets showed resilience. Nifty Midcap 100 gained 0.56 percent in the day and Nifty Smallcap 100 closed 0.21 percent higher.Big movers on D-Street: What should investors do with Metro Brands, HUL and Titan?
Stocks that were in focus included names like Metro Brands, which fell 3.84%, HUL, which rose 0.78%, and Titan, whose shares climbed 2.18% on Friday.
Fed won’t start rate cuts until May, traders now bet
The Federal Reserve won’t start easing policy until May, traders bet on Friday, capping a week during which stronger-than-expected economic data and commentary from central bankers chipped away at financial market confidence in the idea of an earlier start to interest-rate cuts.
The S&P 500’s wild ride to an all-time high
Hopes for lower interest rates and resilient growth in 2024 took the S&P 500 stock index to a record high on Friday, after two roller-coaster years featuring soaring inflation, tumult in the banking industry and economic unease.