Stock Market

Sluggish Economy Forces L&T to Dim FY18 order Flow Guidance

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Economy Forces

Gold Silver Reports – In anticipation of strong results for the September quarter, Larsen and Toubro Ltd’s (L&T’s) stock closed 4% higher on Friday. The Street was not wrong, and the diversified conglomerate’s operating performance easily beat estimates.

1 Year of Demonetisation: Sensex Jumps 6000 Points in 12 Months; is it Bad?

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Demonetisation

Gold Silver Reports – Demonetisation – A year ago, on 8 November 2016, Prime Minister Narendra Modi announced a ban on Rs 500 and 1,000 currency notes in a bold move to eliminate black money out of the system. The higher denomination notes of Rs 500 and 1,000 which accounted for about 85% worth of currency in circulation was turned into just a piece of paper overnight.

U.S. Adds 261,000 Jobs as Hurricane Effect Reverses; Pay Stalls

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Nonfarm payrolls

Gold Silver Reports –  U.S. employers added the most workers in a year, rebounding from September’s slowdown, as people resumed work after hurricanes Harvey and Irma, Labor Department figures showed Friday. The jobless rate fell to the lowest since 2000 while wages stalled.

For Stock Market, Powell Seen Holding Yellen Line as Fed Chief

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US Fed

Gold Silver Reports – For Stock Market, Powell Seen Holding Yellen Line as Fed Chief – Investors enjoying the fruits of a decade-long bull market in equities expect to find an ally in Jerome Powell, who President Donald Trump plans to nominate to lead the Federal Reserve according to three people familiar with the decision.

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