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Blog 3 Columns

  • Buy Shree Cement; target of Rs 24,300: ICICI Direct

    Buy Shree Cement; target of Rs 24,300: ICICI Direct0

    ICICI Direct is bullish on Shree Cement recommended buy rating on the stock with a target price of Rs 24,300 in its research report dated October 17, 2022 Shree Cement is the third largest cement group in India with domestic cement capacity of 46.4 MT as of FY22. In the past four years, it has

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  • Oil Prices Tread Water Between Tightening Supply, Recession Fears

    Oil Prices Tread Water Between Tightening Supply, Recession Fears0

    Oil prices were muted on Tuesday as markets weighed signs of tightening crude supply against increasing fears that a global economic slowdown will erode crude demand this year Crude markets marked a slow start to the week, retaining most of last week’s losses amid growing signs that the United States will enter a recession within

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  • ASIA FX RISES ON WEAKENING DOLLAR, YUAN DIPS AS ZERO COVID PERSISTS

    ASIA FX RISES ON WEAKENING DOLLAR, YUAN DIPS AS ZERO COVID PERSISTS0

    Asian currencies rose slightly on Monday, recovering some lost ground from last week as the dollar retreated, although China’s commitment to maintaining its strict zero-COVID policy dented the yuan The Chinese currency fell 0.1%, coming close to breaching the 7.2 level against the dollar after President Xi Jinping said the country has no plans to

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  • SEC WILL NOT PROHIBIT PAYMENT FOR ORDER FLOW

    SEC WILL NOT PROHIBIT PAYMENT FOR ORDER FLOW0

    The U.S. Securities and Exchange Commission (SEC) reportedly will not seek to ban payment for order flow (PFOF), despite earlier indications that SEC Chair Gary Gensler had been inclined to issue such a prohibition. A notable winner from this apparent decision is online broker Robinhood Markets, Inc. (HOOD), whose business model is based on In

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  • GOLD SET FOR WEEKLY LOSS ON FED JITTERS; INDUSTRIAL METALS GAIN

    GOLD SET FOR WEEKLY LOSS ON FED JITTERS; INDUSTRIAL METALS GAIN0

    Gold prices fell on Friday and were set to close the week lower amid fears of more interest rate hikes by the Federal Reserve, while signs of tightening supply helped copper and aluminum prices weather a worsening economic outlook Bullion prices sank well below $1,650 on Thursday – a key support level – after U.S.

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  • ASIA FX MOVES LITTLE IN ANTICIPATION OF RED-HOT U.S. INFLATION

    ASIA FX MOVES LITTLE IN ANTICIPATION OF RED-HOT U.S. INFLATION0

    Asian currencies kept to a tight range on Thursday as fears of a hawkish Federal Reserve grew ahead of key data that is expected to show U.S. CPI inflation stayed close to 40-year highs The Chinese yuan fell 0.1%, while the South Korean won lost 0.2%. The Japanese yen was little changed, but was close

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