US Stock Reports, Quotes and News
SHANGHAI (Reuters) – China\’s state planner expects an intensified price war among automakers of electric cars and plug-in hybrids this year because of overhanging supply, among other issues, the government body said in a statement on Monday.
FIIs withdrew Rs 20,000 crore during Lok Sabha elections and Q4 earnings amid stress from rising bond yields, Iran-Israel war, and India-Mauritius tax tweak. Impact on oil prices and US Fed rate cuts outlook are also significant factors.
Citigroup Inc.’s base case is for tensions to remain “extremely high” in the Middle East, underpinning prices. That’s prompted the bank to raise its short-term price forecasts, with the three-month target for West Texas Intermediate increased by $8 a barrel.