With the UK Prime Minister, Theresa May, officially sending the letter for exiting the EU to the European Union, the process of UK seceding from the European Union has officially begun. The BREXIT vote went through in June 2016 and the actually process of UK exiting the EU has started exactly 9 months later. From …
The Purchasing Manager’s Index (PMI) is released for the previous month by IHS Markit on the 01st of next month. On November 01st, the IHS Markit released the PMI numbers for major world economies. So, what is the PMI all about? PMI is basically a barometer of the health of the manufacturing sector. The PMI …
Last week, pharma stocks were among the worst performers on the bourses, with the NSE pharma index falling by nearly (-9.09%). The trigger was an investigation that had been launched by the US Department of Justice into generic drug companies operating in the US. According to the US department of Justice (DOJ), many of these …
The outcome of the US presidential elections are still unknown and that uncertainty slowly creeps on to impact the stock market as well. However there are opposing views to this as well, as is prevalent in the stock market. While some say that the presidential elections in the US do not affect the Indian stock …
Image Source: The Telegraph So it is official now! Donald Trump will be the 45th President of the United States. His victory was not only unexpected but also feared. The impact was visible across markets. The Mexican Peso crashed sharply, US Dollar also lost value against hard currencies, the bond markets tanked and the Dow …
The trade data for the month of January 2017 was announced on 15th February. Compared to the previous month of December 2016, exports were down but imports saw a sharper fall. This led to the trade deficit reducing marginally from $10.37 billion in Dec-16 to $9.85 billion in Jan-17. The data for Jan-17 also assumes …
The much awaited Donald Trump’s address to the Joint Session of Congress actually evoked mixed feelings. There is no gainsaying the fact that the speech was thoroughly inspiring. With his focus on “Making America Great Again”, Trump managed to almost recreate the now-famous “Audacity of Hope” speech delivered by Barack Obama a little over 8 …
In an American economy where most fund managers have struggled to beat the index, Warren Buffett has been something of an incredible exception. Consider these statistics! Over the last 52 years since Buffet’s company, Berkshire Hathaway started investing in equities it has given an annualized return of 21% compounded. What is more interesting is that …
The American challenge for Indian IT industry continued over the weekend. American challenges are nothing new for the Indian IT industry. For the last 5 years, Indian IT industry has been facing up to challenges like the slowdown in BFSI segment, weakness in telecom & hydrocarbon verticals, negative growth in tech spending, shift to digital …
Overview The NASDAQ dropped more than 2% on Tuesday, as investors sought refuge in more protective sections of the market after sharp declines in mega cap growth stocks sent Wall Street below record trading levels. Microsoft Corp, Alphabet Inc, Apple Inc, Amazon.com Inc, and Facebook Inc all saw their stock prices drop between 2.3 percent …
