Fri, Feb 9, 2024 9:09 PM
US Stocks: S&P 500 opens above 5,000 mark after revised inflation data
A Flip by Shubhangi Gupta
ING maintains its forecast that the US Federal Reserve will hold off on any changes to its monetary policy in the near term, with the earliest possible rate cut expected in September. "We still think 75 basis points is on the table. We're a little bit more aggressive than the market, but not not hugely so," said James Knightley, Chief International Economist at ING, in interview on CNBC-TV18.
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Symphony Q4 Results: Symphony announced their Q4 results on 30 Apr, 2024, showcasing a 7.95% increase in revenue and a remarkable 211.28% rise in profit Year-on-Year (YoY). In comparison to the previous quarter, Symphony saw a growth of 34.41% in revenue and a 17.07% increase in profit. The Selling, general & administrative expenses surged by 25.71% quarter-on-quarter (QoQ).
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P & G Hygiene & Health Care Q3 Results: P & G Hygiene & Health Care declared their Q3 results on 30 Apr, 2024. The topline increased by 13.48% & the profit decreased by 6.45% YoY. As compared to the previous quarter the revenue declined by 11.58% and the profit decreased by 32.56%. The Selling, general & administrative expenses rose by 7.05% q-o-q & increased by 24.43% Y-o-Y.
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