ETMarkets Smart Talk| New GST regime and higher US tariffs likely to weigh on September-quarter earnings across sectors: Shravan Sreenivasula

ETMarkets Smart Talk| New GST regime and higher US tariffs likely to weigh on September-quarter earnings across sectors: Shravan Sreenivasula

Corporate India may face some turbulence this earnings season as twin headwinds—implementation of the new GST regime and the imposition of higher US tariffs—begin to show up in September-quarter numbers. According to Shravan Sreenivasula, Head – Investment Solutions at Avendus Wealth Management, these factors have disrupted inventory clearance and created caution across key industries such … Read more

China drops to No. 3 holder of US Treasuries, behind UK

China drops to No. 3 holder of US Treasuries, behind UK

China shrank its holdings of US Treasuries in March, with the UK replacing it as the No. 2 overseas owner. The month, which preceded the April turmoil in the Treasuries market, saw a second straight jump in foreign purchases, to a fresh record high. Total overseas holdings rose $233.1 billion, to $9.05 trillion, Treasury Department … Read more

Gold likely to be volatile next week as concerns over US CPI data loom

Gold likely to be volatile next week as concerns over US CPI data loom

Gold closed with a gain of nearly 0.70% in the week gone by, erasing steep losses made on Federal Reserve Chair Powell’s hawkish testimony. It ended the week at $1867.24. Gold gained on worries about the US banks as Silicon Valley Bank defaulted, which led to spillover concerns. Some softer than expected data in the … Read more