News Overview

Copper fell near three month low of $4.30 per pound amid a heavy slide in the US equities. Stocks showed a substantial move back to the downside on Thursday. The major averages more than offset yesterdays gains, with the tech-heavy Nasdaq plunging to its lowest closing level in well over a year. The major averages climbed off their worst levels in late-day trading but still […]

The group expects EBITDA pre exceptionals of between EUR 280 million and EUR 350 million.

In MT Group

Oil prices eased under $109 per barrel on Friday, as investors continue to fret about an economic downturn that could dampen demand for crude. Crude jumped to a high of $111.37 in the previous session, reacting to the European Unions proposal to ban imports of Russian oil. OPEC+ agreed to raise June production by 432,000 barrels per day, in line with its plan to unwind […]

In MT Group

The US Energy Information Administration reported a larger-than-expected injection of 77 Bcf to gas storage for the week ended April 29. The US working gas inventories climbed to 1.567 Tcf. The storage deficit to 2021 narrowed again as stocks climbed to 382 Bcf, or about 20%, below the year-ago level of 1.949 Tcf. The inventory deficit to the prior five-year average expanded to its widest […]

COMEX Gold tanked from one week high in last session, falling nearly 2%. The US dollar surged on heavy risk aversion. The Federal Reserve on Wednesday announced its widely expected decision to raise interest rates by half a percentage point. The Fed announced that it has decided to raise the target range for the federal funds rate by 50 basis points to 0.75 to 1.0 […]

Indus Towers: The company reported 34% rise in consolidated net profit to Rs 1829 crore on 10% rise in revenue to Rs 7116 crore in Q4 FY22 over Q4 FY21. Marico: The company reported 8% rise in consolidated net profit (excluding one-offs) to Rs 256 crore on 7% rise in revenue to Rs 2161 crore in Q4 FY22 over Q4 FY21. TVS Motor Company: The […]

Both the companies will collaborate on a portfolio of 5G products for the telecommunications sector, including 5G radio access network and 5G transport equipment.

The US stock market finished session steep lower on Thursday, 05 May 2022, erasing more than the prior days rally on Wall Street, as profit booking triggered across the board amid concerns about higher rates, inflation, and the economic outlook. Doubts that policy makers can arrest runaway prices rocked markets, with the prospect of stagflation unsettled investors. Meanwhile, sharp increase in treasury yields also weighed […]