Tag: cut
Wall Street's "fear gauge" at over 5-month high on rate cut, Mideast worries
(Reuters) – Wall Street\’s \”fear gauge\” hit its highest in more than five months on Friday due to a sharp pullback in interest U.S. rate cut expectations and escalating geopolitical tensions.
Tesla's Entry into India: Is the Stock Worth it After a 26% Cut?
Elon Musk\’s recent announcement regarding Tesla (NASDAQ:TSLA)\’s entry into India signals a significant stride towards bolstering the country\’s electric vehicle (EV) ecosystem. Despite India\’s relatively small EV market, comprising only 2% of total vehicle sales in 2023, the potential for growth remains immense. The premium segment, encompassing vehicles priced over US$35,000, constitutes a mere 2% of the market, yet projections indicate a substantial rise in high-income households and overall passenger vehicle sales over the next decade. Here\’s what Morgan Stanley (NYSE:MS) has to say.
Asian stocks: China rises, others mixed as Powell dampens rate cut hopes
Investing.com– Most Asian stocks moved in a flat-to-low range on Wednesday amid waning expectations for U.S. interest rate cuts, while Chinese markets advanced amid some signs of economic recovery.
Sensex crashes for 3rd day straight: 6 factors behind the bloodbath on D-Street
Indian equity indices continued their decline for the third consecutive session, dragged by IT stocks, amid concerns over delayed US rate cuts and escalating Middle East tensions. US-rate sensitive Nifty IT dropped 2.6% — the most among the major sectors.
Asian shares slide on Fed rate cut rethink; China GDP in focus
Rising geopolitical tensions kept risk sentiment in check, lifting prices of gold and oil, while investor focus in Asia turns to China with GDP data due at 0200 GMT.