Hong Kong Plows $1.2 Billion Into Defending Currency to Little Effect

April 16, 2018 10:25 AM by Neal Bhai

Gold Silver Reports (GSR) – Hong Kong Plows $1.2 Billion Into Defending Currency to Little Effect — The city’s dollar traded near HK$7.85 per greenback at 12:23 p.m. local time, the level that can spur buying by the de facto central bank. The Hong Kong Monetary Authority has spent HK$9.7 billion ($1.2 billion) mopping up local dollars since the weak end of the band was reached on Thursday for the first time since 2005. The pace of intervention shows outflows are bigger than people had thought, according to China Everbright Bank Co.

ICICI Bank Block Deal Alert

April 16, 2018 10:16 AM by Neal Bhai

ICICI Bank Block Deal – ICICI Bank has 12 lakh shares change hands in a block deal Buyers and sellers were not immediately known.

Wall Street Economists See Global Growth Cresting Not Collapsing

April 16, 2018 10:03 AM by Neal Bhai

Gold Silver Reports (GSR) – Wall Street Economists See Global Growth Cresting Not Collapsing – Despite the soft start to the year and ongoing trade tensions, economists on Wall Street and beyond are sticking to forecasts for another solid economic expansion in 2018 while acknowledging the risks of slippage have mounted.

Stocks To Watch: Dilip Buildcon, Infosys, IL&FS Engineering, Lloyd Metals

April 16, 2018 8:23 AM by Neal Bhai

Gold Silver Reports (GSR) – The Singapore-traded SGX Nifty, an early indicator of NSE Nifty 50 Index’s performance in India, declined 0.3 percent to 10,472 as of 6:50 a.m. Asian stocks inched higher Monday, U.S. equity futures pared gains and the yen retraced losses as traders assessed the likelihood the fallout of an American-led strike on Syria could be contained.