News Overview

UK construction sector grew at the slowest pace in three months in December largely due to the weakness in commercial and civil engineering segments, survey results from IHS Markit showed on Friday. The Chartered Institute of Procurement & Supply construction Purchasing Managers Index fell to 54.3 in December from 55.5 in November. Nonetheless, a reading above 50.0 indicates expansion. Powered by Commodity Insights

India’s Gross Domestic Product (GDP) is estimated to grow at 9.2% year on year (YoY) in FY22 as compared to a contraction of 7.3% during FY21.Real GDP or GDP at Constant Prices (2011-12) in the year 2021-22 is estimated at Rs 147.54 lakh crore, as against the Provisional Estimate of GDP for the year 2020-21 of Rs 135.13 lakh crore, released on 31st May 2021. […]

Hong Kong share market finished higher for second consecutive session on Friday, 07 January 2022, as investors continued hunting for heavily battered stocks, with Chinese tech stocks being notable gainers on valuation appeal. At closing bell, the benchmark Hang Seng Index added 1.82%, or 420.52 points, to 23,493.38. The Hang Seng China Enterprises Index rose 2.01%, or 162.35 points, to 8,231.28. Shares of tech companies […]

The Mainland China share market finished lower for fourth straight session on Friday, 07 January 2022, as weakness in technology stocks overshadowed the rebound in property shares. At close of trade, the benchmark Shanghai Composite Index declined 0.18%, or 6.54 points, to 3,579.54. The Shenzhen Composite Index, which tracks stocks on Chinas second exchange, fell 1.15%, or 28.51 points, to 2,452.82. The blue-chip CSI300 index […]

COMEX Gold futures stayed in a tight range today as markets waited for the US nonfarm payrolls data. Gold tanked yesterday, falling more than 1% in volatile trades and testing two week low of $1785 per ounce. Some buying emerged around this mark amid weak US equities. COMEX Gold futures currently quote marginally up at $1790 per ounce. MCX Gold futures trade flat at Rs […]

The wholesale spot price for natural gas at the Henry Hub in Louisiana (the US benchmark for natural gas prices) averaged $3.89 per million British thermal units (MMBtu) in 2021, almost doubling from the 2020 average, the US EIA noted in a latest update. US natural gas prices briefly spiked in February during a winter storm that strained natural gas and electricity markets in Texas […]

Positive Local Equities Support INR Positive domestic equities and stronger Asian currencies supported gains in the Indian rupee although Omicron worries and firm crude oil prices restricted the appreciation bias of the local unit to some extent. The Indian rupee gained 12 paise to close at 74.30 (provisional) against the US dollar on Friday. At the interbank forex market, the local unit opened at 74.41 […]

Germanys exports grew at a slower pace in November, data released by Destatis showed on Friday. Exports increased 1.7 percent on a monthly basis in November, slower than the 4.2 percent increase seen in October. Nonetheless, this was in contrast to the expected fall of 0.2 percent. Likewise, imports growth eased to 3.3 percent from 5.2 percent in the previous month. The trade surplus fell […]

The IT major said its board will consider a share buyback on Wednesday, 12 January 2022.

Eurozones inflation accelerated further in December to set a fresh record high, defying expectations for an easing, preliminary data from Eurostat showed Friday. The consumer price index rose 5.0 percent year-on-year after a 4.9 percent increase in November. Core inflation, which excludes prices of energy, food, alcohol & tobacco, was 2.6 percent in December, unchanged from November. Compared to the previous month, prices rose 0.4 […]