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The dollar index continues to remain under pressure. The index rose to a high of 100.48 but failed to sustain. It fell back sharply from there to close the week at 99.33. The US 10Yr Treasury Yield is also showing signs of weakness. The Personal Consumption Expenditure (PCE) data release on Friday did not have…
DEVELOPING STORYDEVELOPING STORY, Train veers off the tracks in Russia’s Bryansk region after ‘illegal interference’ caused a bridge to collapse, officials say. A passenger train has derailed in Russia, killing at least seven people and injuring 30 others, after colliding with a bridge that collapsed because of what local officials described as “illegal interference”. The…
Shefalee Vasudev Fashion writer Getty Images Diljit Dosanjh made his Met Gala debut dressed like an early 20th Century maharajah Indian singer Diljit Dosanjh’s Met Gala debut last month left a lasting impression on global fashion. The 41-year-old singer, who is the only Punjabi musician to perform at Coachella, walked the red carpet dressed like…
Container Corporation of India (₹783) Bulls gaining traction The stock of CONCOR (Container Corporation of India) has been on a recovery ever since hitting a 52-week low of ₹601.65 on March 3. A couple of weeks ago, it surpassed a resistance at ₹720 and broke out of a trendline resistance. This has turned the momentum…
Voters in South Korea are choosing a new president to replace Yoon Suk-yeol who was impeached and removed from office over his brief and ill-fated martial law bid in December. The snap election on June 3 is pivotal, with implications for South Korea’s democratic future, as well as its ties with China, the United States…
At least seven people have died after a highway bridge collapsed in a region close to the Ukraine border, according to Russian emergency services. The bridge in Bryansk brought down several heavy trucks onto a moving passenger train, with 30 people, including two children, also reportedly injured. The Russian Emergencies Ministry said fire and rescue…
I am holding UCO Bank shares at an average price of ₹38. Should I continue to hold or exit the stock? Narasingh Mohanty UCO Bank (₹33): The trend is down. Support is around ₹27 which is holding for now. The stock made a low of ₹26.8 in April this year and has bounced from there. Resistance…
The Palestinian group Hamas has submitted its response to a United States-backed ceasefire proposal, but a leading official from the group said the proposed deal offered “no guarantees to end the war”. Speaking to Al Jazeera on Saturday, Basem Naim said that Hamas had still “responded positively” to the latest proposal relayed to it by…
Gold has been in the limelight for a while now, and not without reason. The simplest way to actively trade gold is through gold ETFs. An efficient way to take exposure to gold is arguably through gold futures. This week, we discuss why gold futures is optimal for active traders. Trading efficiency Futures is a…
The US has sent Iran a proposal for a nuclear deal between Tehran and Washington, the White House confirmed on Saturday. Iranian Foreign Minister Abbas Araghchi said he had been presented with “elements of a US deal” by his Omani counterpart Badr Albusaidi during a short visit to the Iranian capital. It comes after a…
