Gold Silver Reports (GSR) – ACC Gains On Strong Q1 Earnings — Shares of the Mumbai-based cement maker rose as much as 2.96 percent to Rs 1,620 after it beat consensus Bloomberg estimates in the first quarter.
Rupee Opens Sharply Lower Against Dollar
Gold Silver Reports (GSR) – Rupee Opens Sharply Lower Against Dollar – Indian rupee fell as much as 0.29 percent or 19 paise to 65.85 per U.S. …
Fed Says Tariff Concerns Cloud Otherwise Solid U.S. Outlook
Gold Silver Reports (GSR) – Fed Says Tariff Concerns Cloud Otherwise Solid U.S. Outlook — New tariffs and concerns “Outlooks remained positive, but contacts in various sectors including manufacturing, agriculture and transportation expressed concern about the newly imposed and/or proposed tariffs,” the Fed said in its Beige Book report released Wednesday in Washington. That concern was later echoed by New York Fed President William Dudley, who told an audience in the Bronx that a tariff war would be a “terrible outcome” which the U.S. couldn’t win.
Stocks To Watch: ACC, Bharat Dynamics, Fortis, Sun Pharma
Gold Silver Reports (GSR) – Stocks To Watch: ACC, Bharat Dynamics, Fortis, Sun Pharma – The S&P BSE Sensex Index closed 0.2 percent lower at 34,331.68, while the NSE Nifty 50 Index closed at 10,526.20, down 0.2 percent. Indian equity benchmarks halted nine-day winning streak, the longest rally in over three years.
Prime Minister Narendra Modi Addresses Indians In London
Gold Silver Reports (GSR) – Prime Minister Narendra Modi Addresses Indians In London — Indians Are Becoming Aspirational’ — Prime Minister Narendra Modi said that people have more expectations of his government because they trust that it can deliver. “People know that when they say something, the government will listen and do it,” he said.
Crude Oil Rises Amid Shrinking U.S. Surplus as OPEC Prepares to Gather
Gold Silver Reports (GSR) – Crude Oil Rises Amid Shrinking U.S. Surplus as OPEC Prepares to Gather – Futures in New York briefly surged almost 3 percent on Wednesday to the highest since 2014. An Energy Information Administration report showed shrinking American petroleum surpluses and the first crude withdrawal from the largest U.S. storage complex in six weeks. The U.S. draw-downs underlined optimism that an OPEC-led effort to curb global supplies will be reinforced later this week when the cartel and allied producers gather in Saudi Arabia.
Canada Oil Recovery Faces Threat From Potential Rail Strike
Gold Silver Reports (GSR) – Canada Oil Recovery Faces Threat From Potential Rail Strike — On Tuesday, the Teamsters Canada Rail Conference and the International Brotherhood of Electrical Workers each gave Canadian Pacific a 72-hour strike notice informing the company of their plans to strike at 12:01 a.m. eastern time on April 21.