Thu, Feb 1, 2024 1:33 PM
FM budget speech gives rupee a boost, rises 7 paise to 82.9725 against $
A Flip by Shubhangi Gupta
Volkswagen shares were down 3% in early trade on Monday with analysts citing uncertainty about the automaker's cost-cutting deal with unions and likely headwinds in 2025. Friday's agreement, hailed by unions as a "Christmas miracle", calls for more than 35,000 future job cuts and a reduction of production by almost a quarter, but without immediate plant closures or layoffs.
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The British economy showed no growth in the third quarter, according to revised figures, dealing a blow to the new Labour government's growth mission. The Office for National Statistics blamed weaker trading in bars and restaurants, while critics argue Labour's negative economic outlook and tax hikes have damaged the economy.
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U.S. stock index futures inched up on Monday as a last-minute government funding bill averted a shutdown, while optimism about cooling inflation started the holiday-shortened week on a positive note. However, a cooler-than-expected inflation report on Friday eased some worries about interest-rate cuts next year, helping the three main U.S. stock indexes to bounce back.
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