Trading is expected to start sluggishly, influenced by Donald Trump's tariff announcements on Mexico, Canada, and China, which have dampened market sentiment. Major industrial stocks like Schindler and UBS faced losses, while car manufacturers like Ford and GM also struggled due to potential impacts from the tariffs. Despite these challenges, the US stock market showed unexpected strength, buoyed by a ceasefire between Israel and Hezbollah.
09:30 27.11.2024
Kronox Lab Sciences Ltd, established in 2008, specializes in manufacturing high-purity specialty fine chemicals for various industries, including pharmaceuticals and agrochemicals. With a robust financial track record and significant market share, the stock is recommended for purchase at the current price, targeting Rs 240 within 12 to 15 months.
The stablecoin market has surged to approximately $190 billion, marking a 46% increase this year and surpassing the previous peak during the Terra era. This growth reflects a significant recovery from the losses experienced following the collapse of TerraUSD in 2022.
European stocks declined as investors focused on the European Central Bank's potential rate cuts and geopolitical tensions in the US and the Middle East. The Stoxx Europe 600 Index fell 0.4%, with French blue chips like the CAC 40 dropping 1% amid a political standoff over the budget, impacting major banking groups.
RBC has maintained its "Outperform" rating for UBS, setting a target price of 32 francs. Analyst Anke Reingen highlighted that increasing economic uncertainty is overshadowing the fundamentals of major European banks, favoring institutions with lower dependence on net interest income and stronger U.S. focus. Preferred stocks include Barclays, UBS, Julius Baer, Deutsche Bank, BNP, and OSB Group.
09:28 27.11.2024
SK Hynix Inc. is set to increase its dividend payout by 25% to approximately $2.1 billion from 2025 to 2027, driven by its strong position in the AI memory chip market. The company will distribute 1,500 won per share annually, totaling around 1 trillion won ($720 million), with potential for earlier returns if business performance exceeds expectations.
The Federal Reserve's meeting minutes indicate a potential series of gradual rate cuts next year, with a December reduction also possible. Meanwhile, US trade representative nominee Greer has backed higher consumer taxes, raising concerns about increased gasoline prices and impacts on the auto sector, as companies prepare for new tax liabilities. As the US gears up for Black Friday, key economic data on consumer spending and inflation is expected, while German consumer confidence remains less of a focus amid ongoing communications from the ECB.
09:27 27.11.2024
Vodafone Idea shares surged 6% to Rs 7.92 on November 27, marking a 17.5% increase over three days, amid speculation of bank guarantee waivers for pre-2022 spectrum purchases. The telecom operator faces over Rs 24,700 crore in bank guarantees, with total liabilities exceeding Rs 30,000 crore alongside Bharti Airtel. This potential policy shift aims to alleviate financial burdens in the telecom sector, following previous reforms that removed guarantee requirements for future spectrum acquisitions.
Deutsche Telekom AG has partnered with Nokia Oyj to deploy over 3,000 open network sites in northern Germany. This large-scale rollout utilizes OpenRAN technology, enabling telecom operators to select components from various vendors, with Nokia's technology integrating Fujitsu radios.
Hitesh Choudhary, a former software engineer turned YouTuber from Jaipur, has developed a basic AI photo editing app that generates Rs 8.4 crore monthly. Launched three months ago, the app allows users to modify photos easily, tapping into a significant demand in non-tech industries. Choudhary emphasizes the ease of entering this market compared to coding-focused solutions and prefers to remain low-profile about his success.
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