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A good barometer of how future data will pan out is the revisions in core sector numbers.

Growth in Chicago-area business activity slowed by much more than expected in the month of July, according to a report released by MNI Indicators. MNI Indicators said its Chicago business barometer slid to 52.1 in July from 56.0 in June. The drop by the headline index came as the production and the new orders indexes both dropped to two-year lows. The production index tumbled to […]

Extended weakness in the US dollar overseas is likely to keep the Indian rupee supported on Monday, August 1, 2022. The dollar index eased below 105 mark, tracking lower treasury yields following Fed rate decision. However, poor risk appetite across Asian markets on the back of fading economic data could weigh on the local unit. Chinese factory output unexpectedly shrank in July as fresh curbs […]

The number of total active drilling rigs in the United States rose by 9 last week, according to new data from Baker Hughes published on Friday. The total rig count rose to 767 last week?279 rigs higher than the rig count this time in 2021. Oil rigs in the United States rose by 6 last week to 605. Gas rigs rose by 2, to 157. […]

Copper prices receded recent gains at the start of the week as crucial data from China weighs on the red metal. Chinese factory output unexpectedly shrank in July as fresh curbs in the wake of rising COVID-19 cases dented economic activity. The official purchasing managers index (PMI) came in at 49 for July, below expectations of 50.4, and Junes reading of 50.2. Continued contraction in […]

Over the next five years, it is anticipated that the pet food market, which is currently worth about Rs4,000 crore, will expand dramatically.

All sectors positive but metals, banks and consumer stocks shine

A report released by the Commerce Department showed personal income in the U.S. increased by slightly more than expected in the month of June. The Commerce Department said personal income climbed by 0.6 percent in June following an upwardly revised 0.6 percent advance in May. Disposable personal income, or personal income less personal current taxes, increased by 0.7 percent in June after climbing by 0.6 […]

The University of Michigan released revised data showing consumer sentiment in the U.S. rebounded by slightly more than initially estimated in the month of July. The report showed the consumer sentiment index for July was upwardly revised to 51.5 from the preliminary reading of 51.1. The modest rebound by the headline index came as the current economic conditions index climbed to 58.1 in July from […]

In conversation with Sheetal Agarwal of IIFL, Abhay Agarwal, smallcase manager & Founder, Piper Serica, talks about his investment strategy and outlook on markets.