Stocks To Watch: Biocon, Future Retail, GAIL, InterGlobe, Ultratech — Stocks in Asia and U.S. equity futures fell, building on losses on Wall Street after a sell-off in technology shares bruised trader sentiment before a key Federal Reserve policy meeting.
Neal Bhai
U.S. Offers Trade Relief for Help in Pressuring China
Gold Silver Reports (GSR) – The Trump administration is pressing countries to ally with the U.S. in pushing back against Chinese trade policies in exchange for relief from American tariffs on steel and aluminum, according to a European official.
What to Expect From the Fed’s March 21 Meeting
(Bloomberg View) – At the meeting this week of the Federal Open Markets Committee, the first with Jerome Powell as chairman, the Federal Reserve is likely to raise interestRates by 25 basis points, renew its commitment to two more hikes of similar size in 2018, and reaffirm the plan to gradually reduce the size of its balance sheet. These actions will constitute another step forward in the “beautiful normalization” of monetary policy.
A Shutdown This Week? Because Of Trump, Definitely Possible
Gold Silver Reports (GSR) – A Shutdown This Week? Because Of Trump, Definitely Possible — One of the less-discussed consequences of Democrat Conor Lamb’s victory in last week’s special election in Pennsylvania is that a congressionally-caused government shutdown when the current continuing resolution expires this Friday is now far less likely.
Binani Cement Will Apply For Termination Of Insolvency As UltraTech Takeover Looms
Gold Silver Reports (GSR) – Binani Cement Will Apply For Termination Of Insolvency As UltraTech Takeover Looms — Debt-laden Binani Cement Ltd. will apply to the National Company Law Tribunal for termination of its insolvency proceedings after UltraTech Cement Ltd. signed a pact with its parent to buy the cement maker.
Powell Jumps in Driver’s Seat as Fed Weighs Speed of Rate Hikes
Gold Silver Reports – The tougher job for the Federal Reserve’s new chairman as he presides over his first gathering of the central bank’s policy-setting committee is deciding what to do next.
Shilpa Medicare Surges After U.S. FDA Issues EIR
Gold Silver Reports (GSR) – Shilpa Medicare Surges After U.S. FDA Issues EIR — Shares of the Raichur-based producer and exporter of active pharmaceutical ingredients rose as much as 13 percent, the most in over 17 months, to Rs 516.