Latest news with #CarNovelsUndo
Time of India
3 days ago
- Business
- Time of India
S&P, Nasdaq again close at record highs, trade choppy
The S&P 500 edged higher to eke out a record high close for a sixth straight session on Monday, while the Nasdaq also advanced to a closing record in choppy trade as investors gauged the U.S.-EU trade pact and prepared for a week of major market catalysts. U.S. President Donald Trump and European Commission President Ursula von der Leyen unveiled a Explore courses from Top Institutes in Please select course: Select a Course Category Others Data Science Product Management others CXO Data Science PGDM MBA Technology Leadership Operations Management Management Healthcare Cybersecurity Digital Marketing MCA Public Policy Artificial Intelligence Project Management Finance Degree Data Analytics Design Thinking healthcare Skills you'll gain: Duration: 9 months IIM Lucknow SEPO - IIML CHRO India Starts on undefined Get Details Skills you'll gain: Duration: 7 Months S P Jain Institute of Management and Research CERT-SPJIMR Exec Cert Prog in AI for Biz India Starts on undefined Get Details Skills you'll gain: Duration: 16 Weeks Indian School of Business CERT-ISB Transforming HR with Analytics & AI India Starts on undefined Get Details Skills you'll gain: Duration: 28 Weeks MICA CERT-MICA SBMPR Async India Starts on undefined Get Details by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 17 Foods That Should Never Be Placed in the Refrigerator Car Novels Undo trade framework on Sunday, slashing EU import tariffs to 15% - half the previously threatened rate that was scheduled to take effect on August 1. Still, France denounced the deal as a "submission." The deal is the latest announcement in recent days on U.S. trade agreements with countries such as Japan and Indonesia. Top U.S. and Chinese economic officials Live Events resumed talks in Stockholm to resolve a trade war between the world's two largest economies. "It's feel-good in the sense that it doesn't represent Armageddon, if the draconian tariffs went into place," said Scott Welch, chief investment officer at Certuity in Potomac, Maryland. "But it's much too soon to pass judgment on the long-term effects on how that will play out. It's better than the alternative for sure, and so I hope they continue." The Dow Jones Industrial Average fell 64.36 points, or 0.14%, to 44,837.56, the S&P 500 gained 1.13 points, or 0.02%, to 6,389.77 and the Nasdaq Composite gained 70.27 points, or 0.33%, to 21,178.58. The benchmark S&P 500 index has now notched six straight daily closing records, en route to its 15th closing record of the year. Stocks have rebounded strongly from a selloff that began in early April when Trump announced a slew of tariffs. Mounting enthusiasm over the potential for AI technology has helped lift stocks, along with the realization of some trade pacts and early indications corporate earnings season may be better than anticipated. Investors now await a policy announcement from the Federal Reserve on Wednesday. The central bank is widely expected to keep U.S. rates unchanged even as Trump has ramped up pressure on Fed Chair Jerome Powell to lower borrowing costs. Also on deck this week were a slew of corporate earnings, including results from heavyweights Meta, Microsoft, Amazon and Apple, which could sway broader investor sentiment in either direction. Along with the Fed meeting and earnings, a number of economic indicators are scheduled to be released this week, including the Personal Consumption Expenditure report (PCE) - the Fed's preferred inflation measure - and the government payrolls report to gauge how tariffs may have affected consumer prices and the labor market. Nike climbed 3.89% after J.P. Morgan upgraded the stock to "overweight" from "neutral" and said investors should "just buy it". Energy, up 1.15% was the best performing S&P sector on the session, buoyed by a jump of more than 2% in oil prices while real estate, down 1.75%, and materials , off 1.44%, were the worst performing. Declining issues outnumbered advancers by a 1.81-to-1 ratio on the NYSE, and by a 1.48-to-1 ratio on the Nasdaq. The S&P 500 posted 26 new 52-week highs and five new lows, while the Nasdaq Composite recorded 68 new highs and 54 new lows. Volume on U.S. exchanges was 17.58 billion shares, compared with the 17.84 billion average for the full session over the last 20 trading days.
Time of India
23-04-2025
- Business
- Time of India
April private sector activity at 8-month high
New Delhi: India's private sector activity surged to an eight-month high of 60 in April, driven by a sharp increase in new export orders , according to a private survey released Wednesday. The HSBC Flash India Composite Output Index was 59.5 in March 2025 and 61.5 in April 2024. The Composite Purchasing Managers Index (PMI) is a weighted average of comparable manufacturing and services indices . by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like The Top 25 Most Beautiful Women In The World Car Novels Undo "New export orders accelerated sharply, likely buoyed by the 90-day pause in the implementation of tariffs," said Pranjul Bhandari, chief India economist at HSBC. Live Events On April 2, the US announced reciprocal tariffs across various countries, imposing a 26% rate on Indian imports. However, a 90-day pause was announced until July 9, although the new baseline tariff of 10% remained in effect. "As a result, output and employment grew, for both, manufacturers and service providers," said Bhandari. Export orders grew at their fastest pace since September 2014. The start of FY26 was marked by a sharp rise in new business intakes, buoyed by international demand for goods and services. According to the survey, private sector companies noted gains in export orders from Africa, Asia, Europe, the Middle East and the Americas. Companies cited efficiency improvements, strong demand and successful advertising campaigns as key reasons for rise in output. Some also noted an improvement in international competitiveness due to rupee's depreciation against the US dollar, it added. The rate of expansion was stronger for goods producers than service providers, marking the sharpest growth in over 15 years. Manufacturing PMI increased to 58.4 in April from 58.1 in March. Services PMI rose to 59.1 from 58.5 in the same period. Sales growth in April was the fastest since August 2024, with manufacturers experiencing a steeper rise in new businesses than service providers, the survey noted. Based on anecdotal evidence, the survey said, full and part-time staff were hired in April, with job creation evenly spread across both sectors. "Cost inflation was in line with March levels, but prices charged rose a tad faster, leading to improved margins," said Bhandari. Input costs rose due to higher chemical, freight, labour, leather, rubber and steel costs, according to the survey respondents. Service providers noted a quicker increase in expenses than manufacturers. Despite the upbeat data, business sentiment was at its weakest for eight months, as an improvement among manufacturers contrasted with fading optimism at service firms.
