"Global markets shrugged off any concerns over a second wave of COVID-19 in Europe and the increasing case count in the United States. The positive news flow on the efficacy of Moderna, Pfizer and Astra-Zeneca vaccines resulted in full risk-on sentiment," said brokerage firm Kotak Institutional Equities. … [Read more...] about Risk-on rally keeps market aloft but conditions ripe for consolidation, say experts
11 sectors of the stock market
The IHS Markit Manufacturing PMI rose to 58.9 in October, the highest in more than a decade, compared to 56.8 in September, driven by robust sales. State Bank of India (SBI) revised their second-quarter GDP projection to a contraction of 10.7 percent from a contraction of 12.5 percent earlier, according to a research report from SBI Ecowrap. … [Read more...] about Q2 GDP prints likely to show significant sequential pullback; will it cheer the market?
“Inventory that depreciates, i.e. a normal model car or a normal model watch, which is not sought after, not a special this thing or that thing, has to be cleared,” Gargash said. “A car, I always say, is like a crate of fruit. After a while it rots. Once the year of the model is past, that car starts rotting and it never regains its value. Of course, when you go into super cars or rare cars, it’s a different story. I believe clearance is part of the product cycle. The exception is the special edition or rare product that appreciates, and which some houses create from time to time. Clearing those is disadvantageous to those who own them.” … [Read more...] about Grey market can destroy luxury brands — watch enthusiasts voice their views on the disturbing trend
Being a budget smartphone, Nokia 2.4 comes with a polycarbonate back in three distinct colour options. If our Nokia 2.4 review unit, which comes in Charcoal Grey, is not your colour of choice, you can opt for the Dusk or Fjord colour options. Despite having a plastic back, the Nokia 2.4 offers a rather good in-hand feel. The plastic does not feel cheap and the curved textured back aids in providing additional grip. Add to it the gradient finish which gives it an appealing look. Because of the matte finish, the phone also does not attract any fingerprint smudges. … [Read more...] about Nokia 2.4 Review: A stock Android smartphone with good build quality
The recent tariff assault initiated by the United States on Chinese imports, which sparked a prompt retaliation by China, has left global investors worried. For emerging markets, reeling under the impact of the strong dollar, rising US interest rates and an end to accommodative monetary policy globally, the news of trade wars between the titans was another nail in a coffin whose lid has taken quite a hammering. … [Read more...] about COMMENT-The US-China trade war has no winners, and markets will have to live with it