Indian Stock Surge: Strategic Insights Amidst Investor Frenzy and Valuation Peaks
As we delve into the current dynamics of the Indian stock market, it’s crucial to understand the intricacies involved. Bernstein’s latest report offers a comprehensive look at the landscape, highlighting the heightened enthusiasm of investors flocking to Indian stocks. However, this surge is often driven more by greed than rational decision-making. When ambitious visions become […]
LCR Tweak: The Magic Pill for Banking Industry’s Liquidity Woes
The banking sector faces a pressing issue: many banks are struggling to expand their credit due to sluggish deposit growth. Normally, raising deposit rates to attract more deposits, particularly from wholesale segments, would be the go-to solution. However, under current regulations, wholesale deposits are less appealing due to their significant impact on the Liquidity Coverage […]
Bitcoin continues to decline due to miner pressure
While Bitcoin continued its downward trend in June, it started the new week with a sell-off and fell to the $62,300 band. The recent selling pressure in Bitcoin is attributed to Bitcoin sales by crypto mining companies whose revenues have plummeted. Reports show that miners have sold more than $2 billion worth of Bitcoin this month. Miner […]
Evercore: Stocks to remain expensive as S&P 500 forecast to end at 6,000
US stocks are expensive and will remain so, Evercore ISI analysts said Sunday, as they expect the S&P 500 to end the year as high as 6,000. However, as the history of previous “expensive markets” suggests, some of the sharpest gains can occur once equities become expensive, the investment firm added. “What makes each of the prior […]
Apple and Meta have discussed AI partnership, WSJ reports
Facebook parent Meta Platforms (NASDAQ:META) has discussed integrating its generative AI model into Apple (NASDAQ:AAPL)’s recently announced AI system for iPhones, the Wall Street Journal reported on Sunday. The move comes as Apple plans to add technology from other AI companies on its devices amid reports that it was discussing a potential tie-up with long-time […]
Prudential plans $2 billion share buyback
Insurance group Prudential plans a $2 billion share buyback programme which will be completed no later than mid-2026, the company said in a statement on Sunday. The life and health insurer will commence the first $700 million tranche of the buyback, for which it has entered into an arrangement with Goldman Sachs International, it said […]
UPS announces sale of Coyote Logistics unit to RXO for $1 billion
United Parcel Service, the world’s biggest package delivery firm, will sell its Coyote Logistics business unit to RXO for $1.025 billion, the companies said on Sunday. The transaction will be funded with a mix of equity and debt, including a $300 million equity investment from MFN Partners and a $250 million equity investment from Orbis […]
Novo’s Wegovy induces higher weight loss in women than men with same heart condition, study shows
Novo Nordisk (NYSE:NVO)’s popular obesity drug Wegovy helped women with a common heart disease lose more weight than men who had the same condition, an analysis of study data published in a medical journal has shown. The trials included 1,145 patients and were focused on a condition known as heart failure with preserved ejection fraction, […]
Morning Bid: Yen traders eye BOJ minutes, China eyes rebound
The final trading week of the first half of the year gets underway on Monday, with Asia’s scorecard looking reasonably positive from an equity perspective, mixed through a currency and bond lens, and more bleak from a Chinese market angle. Chinese stocks will be looking to stop the rot and halt the recent decline that […]
Mission 2025 group urges governments to set more ambitious climate goals
Some of the world’s biggest companies, finance houses, cities and regions have joined forces to urge governments to increase their climate ambition ahead of a February 2025 deadline to deliver their emission-cutting plans to the United Nations. The group has signed up to a coalition named Mission 2025. It is convened by Groundswell – a […]