Thu, Apr 18, 2024 11:12 AM
What the fresh march higher in oil means for world markets
A Flip by Avya Verma
US pharma manufacturer Eli Lilly has increased its full-year revenue projection by $2 billion, buoyed by robust sales of its weight-loss drugs.Revenue surged by 26 percent to $8.76 billion in the first quarter of 2024, propelled by key products including Mounjaro, Zepbound, Verzenio, and Jardiance, as stated during an investor briefing on April 30.Mounjaro (a type 2 diabetes drug).
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The recent sharp correction in Gold prices, where the yellow metal has corrected by nearly Rs 3000 per 10 gram or 4% from the lifetime high is its biggest fall in nearly two years. Can we expect the trends to reverse or a top has been made? This is what multiple experts tell ETMakets as they spell out their trading strategy.Notwithstanding the fall seen in yellow metal over the last two weeks.
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Mid-cap information technology (IT) company Birlasoft said a “perfect storm” of uncertainty has made it difficult for both the industry as a whole and the company itself to reasonably forecast growth outlook.The combined effect of economic uncertainty, varying GDP growth rates across nations, and geopolitical conflicts have created an unpredictable demand environment.
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