Infosys Falls After FY19 Margin View Lower Than Year Ago — Shares of the country’s second-largest software services company declined as much as 6.2 percent, most intraday since Aug. 18, after the IT firm said it expects its operating margin in 22 to 24 percent range this year, lower than previous year’s 23 to 25 percent view.
Commodities Weekly Research Report 16-04-18 To 20-04-18
Trend Sideways ⇒ Buy Gold MCX Between 30950 – 30850, Stop Loss (CBSL) – 30501 Target – 31480 ↔ 30610
Trend Sideways ⇒ Buy Silver MCX Between 38450 – 38550, Stop Loss (CBSL) – 37333, Target – 39380 ↔ 40440
China, Japan Vow Cooperation to Get North Korea to Quit Nukes
Gold Silver Reports (GSR) – China, Japan Vow Cooperation to Get North Korea to Quit Nukes — “To get North Korea to abandon its nuclear weapons and missiles in a complete, irreversible and verifiable way, we agreed we must enforce the relevant Security Council resolutions and work closely together,” Japanese Foreign Minister Taro Kono told reporters Sunday in Tokyo after a meeting with Chinese counterpart Wang Yi.
Stocks To Watch: Dilip Buildcon, Infosys, IL&FS Engineering, Lloyd Metals
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.
A Fund That Beats 98% of Its Peers Is Shorting the Dollar
Gold Silver Reports (GSR) – A Fund That Beats 98% of Its Peers Is Shorting the Dollar – The greenback will slip against most major currencies as nations from Japan to the U.K. see better growth, spurring higher rates in those markets, said Brendan Murphy, head of global and multi-sector fixed income at BNY Mellon Asset Management North America. Murphy, who manages the $1.1 billion Dreyfus International Bond Fund, is shorting the dollar in favor of long positions across currencies including the Japanese yen and Norwegian krone.
Crude Oil Up on Syria Tensions, Neal Bhai Reports
Gold Silver Reports – Crude Oil Up on Syria Tensions, Neal Bhai Reports – The prospect of military action in Syria that could lead to confrontation with Russia hung over the Middle East but there was no sign a U.S.-led attack was imminent. Traders sought to lock in long crude oil positions ahead of the weekend, said John Kilduff, Partner at hedge fund Again Capital Management.
Gold Trending up, But Still Stalled by Hawkish Fed
Gold Silver Reports (GSR) – Gold trending up, But Still Stalled by Hawkish Fed – Gold has risen more than 3 percent this year, buoyed by international tensions and volatility in equities, but has yet to emerge from a tight trading range in the face of an expectation for rising U.S. interest rates, traders say.