Wed, Jun 26, 2024 3:32 PM
InfoBeans Technologies Standalone March 2024 Net Sales at Rs 60.03 crore
A Flip by Avya Verma
The first half of 2024 has seen remarkable market performances, with the MSCI 47-country world stocks index rising 11% since January. Tech giants, particularly Nvidia, have soared, adding $3.6 trillion in market value. The US interest-rate-cutting frenzy has not materialized, with forecasts dropping from seven cuts to just one or two, causing government bonds to lose around 1.5% in value.
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U.S. banking giants will increase their third-quarter dividends after passing the Federal Reserve's annual stress test. These are: ⏩Bank of America's dividend will rise to 26 cents from 24 cents per share. ⏩Citigroup's to 56 cents from 53 cents. ⏩Morgan Stanley's to 92.5 cents from 85 cents, indicating they have sufficient capital to weather economic and market downturns.
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📌The upcoming week's market-moving events include France's election, the US jobs report. 📌The US jobs report on July 5 is expected to show an increase of 180,000 jobs. 📌France's election has rattled markets, with a risk premium on French bonds 25 basis points higher. 📌Global M&A volumes have seen a 20% uptick, but deal volumes remain 15% below the last decade's average.
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