Page 17 - Manager Index News Today

Analysts believe that various factors will impact the equity market in upcoming week, including the US Federal Reserves interest rate decision, macroeconomic data, and quarterly earnings reports.

The US Federal Reserves interest rate decision, quarterly earnings of corporates and domestic macroeconomic data will influence trading in the equity market in a holiday-shortened week ahead, analysts said. Foreign funds trading activity, monthly automobile sales data and global trends would also guide market movement this week, they added. Markets would remain closed on Monday on account of Maharashtra Day.

Due to the lack of significant economic news, the EUR/USD dynamics in recent days has been determined by statements by representatives of mega-regulators regarding interest rate hikes at the upcoming meetings of the US Federal Reserve on May 2/3 and the ECB on May 4.

"... There isn’t anything bad with the CBN naira redesign policy on paper, but implementation is as important as (if not way more important than) intention."

European markets were mixed as investors weigh up global economic uncertainty.

European stock markets climbed Thursday as investors continue to weigh up the global economic outlook.

Non-oil business activity growth in the United Arab Emirates bounced back to the fastest pace in five months in March, a business survey showed on Wednesday, supported by new orders and the quickest jobs growth in almost seven years.

According to the AIB PMI survey data for March, Irelands service sector experienced a slight softening in its recent upturn last month.

USD/CHF picks up bids to renew intraday high around 0.9170 as it extends the previous day’s upside while consolidating the two-week downtrend during e

The European Central Bank (ECB) is the central bank of the 19 European Union countries which have adopted the euro. Our main task is to maintain price stability in the euro area and so preserve the purchasing power of the single currency.