• Market Savera - 08/07/2024

  • Jul 8 2024
  • Duración: 3 m
  • Podcast

Market Savera - 08/07/2024

  • Resumen

  • U.S. stocks finished higher Friday, with the S&P 500 notching a record high to close out a week of gains following the July 4 holiday. The S&P 500 booked its 34th record close of 2024, while the Nasdaq logged its 24th all-time closing high this year. New data showing U.S. labor market weakness boosted expectations for interest rate cuts as early as September. Natural-gas futures posted a nearly 11% weekly drop on Friday, pressured by an apparent slowdown in demand that came ahead of the Fourth of July holiday — and prices could see further declines with Hurricane Beryl forecast to hit parts of Texas, potentially slamming demand for the fuel New demat account openings in India surged, hitting a four-month high in June, driven by continued foreign investor buying amid a bullish Indian market. The total demat accounts now exceed 16.2 crore, The euro fell after initial projections showed a left-wing coalition was set to win the French legislative election, sowing worries about the nation’s finances. JSW Energy plans Rs 1.15 lakh crore capex to diversify operations Tata Motors JLR retail sales increased 9% in June Quarter Vedanta raises US$ 250 million to settle Zambian copper mine debts, plans to sell 30% stake Asian markets were mostly lower on Monday as investors awaited key economic data from the U.S. and China later this week. Nifty recovered sharply in the last half hour of trade on July 05 to end marginally in the positive. At close, Nifty was up 0.09% or 21.7 points at 24323.9. On a weekly basis, Nifty rose 1.30%, rising for the fifth consecutive week. Nifty could now attempt to cross the previous resistance of 24401 to later gradually move towards the next target of 24960, while 24164 could be the near term support. Indian markets could open flat to mildly lower, in line with mostly lower Asian markets today and despite positive US markets on July 05
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