Based on preliminary trends for July to August 2023, the rise in crude oil prices, the merchandise trade deficit is projected to widen on a QoQ basis to USD 69 to 71 billion in the ongoing quarter, from USD 56.6 billion in Q1 FY2024, said the rating agency Icra in a report. Nevertheless, it is […]
Investors are focusing on a tighter supply outlook as oil prices rose on Monday. This comes after Moscow issued a temporary ban on fuel exports while remaining cautious about further rate hikes that could dampen demand. Brent crude futures increased by 0.5 per cent, or 48 cents, to USD 93.75 a barrel by 0110 GMT […]
On Friday, the FTSE 100 exhibited further weakness, with London’s major retailers affected by disappointing retail data for July, as reported by the Office for National Statistics. Retail sales volumes fell by 1.2 per cent during the month due to adverse summer weather conditions. Consequently, leading high street companies like JD Sports, Frasers, and M&S […]
Oil prices experienced a decline in early Asian trade on Monday as global macroeconomic uncertainties and the possibility of further interest rate hikes by the US Federal Reserve offset predictions of tighter supplies resulting from OPEC+ cuts. Brent crude futures dropped by 20 cents, or 0.3 per cent, to USD 75.21 a barrel at 0044 […]
