Stock market forecast next week

Hydrogen is an energy source that emits zero greenhouse gases when burned. The only waste product is water vapor. That makes it a cleaner alternative energy source than fossil fuels like natural gas, oil, and coal. The drawback to hydrogen as a fuel source is that we rarely find it in a gaseous form. And although we can produce hydrogen from a variety of sources, some of those methods emit greenhouse gases. On top of that, we don't yet make it at the scale needed to be economically competitive with fossil fuels. However, that could change in the coming years. Several companies are working hard to tap into the enormous potential for this potentially emission-free fuel. Here's a look at some of the leading hydrogen stocks. Image source: Getty Images. What to know about investing in hydrogen There are several ways to produce hydrogen. Some methods result in the production of carbon dioxide as a byproduct. The industry labels these forms "blue hydrogen." Using … [Read more...] about 5 Hydrogen Stocks to Watch

Gold, Gold prices, commodity prices Gold prices edged up on Tuesday in the international markets as the dollar eased, while investors kept a keen eye on posturing from major central banks on interest rate hikes for a clearer outlook for bullion. Spot gold was up 0.2% at $1,841.13 per ounce by 0200 GMT, after largely range-bound trading on Monday. US gold futures firmed 0.1% to $1,842.90. At 9.37am, gold contracts were trading 0.2 percent higher at Rs 50,836 for 10 grams on the Multi-Commodity Exchange ( MCX ), while silver added 0.46  percent to Rs 61,021 a kilogram. Gold and silver prices on Monday traded flat to negative and the price of the precious metal was struggling at a previous support zone as US markets were on holiday. In international markets gold settled at $1,840.60, down by 0.07% and silver was settled at $21.59, down by 0.20%. In domestic markets also gold settled at Rs 50,735 with a loss of 0.19% and silver settled at Rs 60744 with a loss of 0.32%, said … [Read more...] about Gold Prices Today: Yellow metal to stay range-bound amid volatile global markets; softer dollar to lend support

DISH lit up a new 5G cellular network in more than 120 cities on June 14, including Grand Junction and Pueblo, meeting an early target federal regulators had set for the construction of the nation’s fourth wireless network. Whether Project Genesis, as the network is called, succeeds or fails will determine the fate of one of Colorado’s largest public companies, and could weigh heavily on Denver’s future as a center of telecommunications innovation, a legacy that goes back decades to the early days of cable television. “Through DISH’s efforts, Denver is becoming a wireless hub,” said John Swieringa, president and chief operating officer of DISH Wireless. “Our partners are coming here, too, and investing in people and resources in this market. We expect Denver to become a leader in 5G.” DISH Wireless has hired more than 1,600 workers in the past 18 months and is looking to add 500 more, Swieringa said. DISH, the parent company, already employs 6,000 people along the Front … [Read more...] about Post Premium: Top stories for the week of June 20-26

Representative image Nine of the 10 most valued firms added Rs 2.51 lakh crore to their market valuation last week, with Tata Consultancy Services emerging as the biggest gainer. Last week, the 30-share BSE Sensex jumped 1,367 points or 2.66 per cent. HDFC Bank, Infosys, Hindustan Unilever Limited and ICICI Bank were among the gainers while Reliance Industries was the sole loser in the pack. Tata Consultancy Services (TCS) added Rs 74,534.87 crore to its market valuation which stood at Rs 12,04,907.32 crore at close on Friday. The market capitalisation (mcap) of Hindustan Unilever jumped by Rs 44,888.95 crore to Rs 5,41,240.10 crore. HDFC Bank's valuation rose by Rs 35,427.18 crore to Rs 7,51,800.31 crore and that of HDFC's by Rs 24,747.87 crore to Rs 3,97,190.50 crore. The market valuation of Infosys climbed Rs 22,888.49 crore to Rs 6,06,734.50 crore and that of ICICI Bank went up by Rs 17,813.78 crore to Rs 4,96,354.36 crore. Bharti Airtel's mcap increased by Rs … [Read more...] about MCap of nine of top-10 valued firms jumps Rs 2.51 lakh crore; TCS lead gainer

A woman in Mumbai mistakenly gave away her bag of gold jewellery to a beggar (Representative Image) Gold prices edged up on Tuesday as the dollar eased, while investors kept a keen eye on posturing from major central banks on interest rate hikes for a clearer outlook for bullion. A weaker dollar makes greenback-priced bullion more attractive for buyers holding other currencies. [USD/] Spot gold was up 0.2% at $1,841.13 per ounce by 0200 GMT, after largely range-bound trading on Monday. U.S. gold futures firmed 0.1% to $1,842.90. However, benchmark U.S. 10-year Treasury yields rose, capping gains in zero-yielding gold. [US/] "The (gold) market is sitting tight as, after a historic week for global central banks; policymakers will get to explain the reasoning behind their decisions this week," said Stephen Innes, managing partner at SPI Asset Management. Close The U.S. Federal Reserve last week approved its largest interest rate increase in more than a quarter … [Read more...] about Gold inches higher as dollar dips; wider rate-hike narrative in focus

Oil pumping jacks, also known as "nodding donkeys", in an oilfield near Neftekamsk, in the Republic of Bashkortostan, Russia, Nov. 19, 2020. Photographer: Andrey Rudakov/Bloomberg Oil prices skidded in early trade on Wednesday amid a push by U.S. President Joe Biden to bring down soaring fuel costs, including pressure on major U.S. firms to help ease the pain for drivers during the country's peak summer demand. U.S. West Texas Intermediate (WTI) crude futures fell $1.34, or 1,2%, to $108.18 a barrel at 0031 GMT, while Brent crude futures dropped $1.33, or 1.2%, to $113.32 a barrel. As the United States struggles to tackle soaring gasoline prices and inflation, U.S. President Joe Biden is expected on Wednesday to call for temporarily suspending the 18.4-cents a gallon federal tax on gasoline, a source briefed on the plan told Reuters. Biden had disclosed on Monday he was considering whether to call for a pause in the tax. "Even oil traders acknowledged that higher oil … [Read more...] about Oil prices slide as Joe Biden pushes for US fuel cost cuts

DISH lit up a new 5G cellular network in more than 120 cities on June 14, including Grand Junction and Pueblo, meeting an early target federal regulators had set for the construction of the nation’s fourth wireless network. Whether Project Genesis, as the network is called, succeeds or fails will determine the fate of one of Colorado’s largest public companies, and could weigh heavily on Denver’s future as a center of telecommunications innovation, a legacy that goes back decades to the early days of cable television. “Through DISH’s efforts, Denver is becoming a wireless hub,” said John Swieringa, president and chief operating officer of DISH Wireless. “Our partners are coming here, too, and investing in people and resources in this market. We expect Denver to become a leader in 5G.” DISH Wireless has hired more than 1,600 workers in the past 18 months and is looking to add 500 more, Swieringa said. DISH, the parent company, already employs 6,000 people along the Front Range. A … [Read more...] about From satellite television to a new 5G cellular network: DISH engineers a massive transformation

- A + A SINGAPORE (June 26): The first hints that consumer belt-tightening is passing through to corporate earnings are coming in, posing a bigger risk to US equities than stock-selling by American households, according to Goldman Sachs Group Inc. High inflation and declining asset prices had started to strain household finances, Goldman strategists led by David Kostin wrote on Friday. They cited the 0.3% drop in retail sales in May and the record-low Michigan consumer sentiment reading for June. Retailers such as Target Corp and Walmart Inc appeared to have overestimated consumer demand in some general merchandise categories and were now discounting items to clear excess inventory, the strategists said. "Declining consumer spending does represent a threat to earnings for consumer discretionary stocks and the autos industry group in particular," they said. "Used car prices have declined 6% since January, a sign that demand for vehicles overall may be … [Read more...] about Goldman says signs are here of belt-tightening impact on profits

Representative image (Image: Shutterstock) Amid reduced flows of Russian gas supply, European nations are left scrambling for alternative choices buoyed by inflationary pressures and supply chain disturbances. Gas prices have hit record levels in Europe, adding to challenges for policymakers trying to haul Europe back from an economic slowdown. Also Read: What are Europe's options in case of Russian gas disruption? EU relied on Russia for 40 percent of its gas needs before war: The European Union (EU) relied on Russia for as much as 40 percent of its gas needs before the Russia-Ukraine war — rising to 55 percent for Germany, leaving a huge gap to fill in an already tight global gas market. According to experts, coal is the most carbon-intensive fossil fuel in terms of emissions, yet the most important target for replacement to alternative energy sources, reported Reuters. Close Coal as an alternative choice: The energy disruption has prompted some … [Read more...] about What is the EU gas crisis? Here’s all you need to know

Representative Image The rupee on June 24 slipped 1 paisa to close at its all-time low of 78.33 (provisional) against the US dollar. At the interbank foreign exchange market, the local currency opened at 78.20 and finally settled at its all-time low of 78.33, down 1 paisa from its previous close. During the day, the local unit witnessed an intra-day high of 78.19 and a low of 78.35 against the American currency. On Thursday, the rupee had settled at 78.32 against the US dollar. The dollar index, which gauges the greenback’s strength against a basket of six currencies, fell 0.25 per cent to 104.17. Brent crude futures, the global oil benchmark, advanced 1.13 per cent to USD 111.29 per barrel. On the domestic equity market front, the BSE Sensex ended 462.26 points or 0.88 per cent higher at 52,727.98, while the broader NSE Nifty gained 142.60 points or 0.92 per cent to 15,699.25. Foreign institutional investors remained net sellers in the capital market on Thursday as they … [Read more...] about Rupee settles at all-time low of 78.33 against US dollar