Thu, May 9, 2024 12:50 PM
Platinum market faces largest shortfall in supply for a decade
A Flip by Riya Sharma
A tug-of-war between overseas fund managers and domestic individuals over Dalal Street's near-term prospects is at play.Foreigners are holding record bearish derivative bets on the Nifty as uncertainty over the outcome of the general elections is prompting them to hedge their portfolios here. Signs of renewed global investor interest in battered Chinese.
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Oil prices rose in early Asian trading on Monday, adding to last week's gains as rescuers searched for Iran's president after a helicopter crash in the oil-producing nation and after the U.S. bought crude to help refill the national stockpile.Brent rose 26 cents, or 0.3% to $84.24 a barrel by 0049 GMT. U.S. West Texas Intermediate crude (WTI) gained 15 cents.
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The Asian stocks rose higher Monday on the back of China’s policy. The stocks followed the gains of US markets as well as market participants await economic data. China kept its one- and five-year loan prime rates steady at 3.45% and 3.95%, respectively, to boost its property market. The five-year loan prime rate is the benchmark lending rate in China. Stocks in Asia Japan’s Nikkei outperform.
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