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Press Office News

  • European Stocks Largely Flat; Ryanair Reports Record June Numbers
    European Stocks Largely Flat; Ryanair Reports Record June Numbers

    European stock markets traded largely unchanged Tuesday, with investors searching for cues given a light data calendar and a U.S. holiday. At 03:30 ET (07:30 GMT), the DAX index in Germany traded flat, the CAC 40 in France rose 0.1%, while the FTSE 100 in the U.K. traded largely unchanged. There’s little economic data due

  • Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting
    Dollar Steadies After Powell’s Testimony; Sterling Awaits BOE Meeting

    The U.S. dollar stabilized in early European trade Thursday near a one-month low after the first day of Federal Reserve Chair Jerome Powell’s semi-annual testimony to Congress, while sterling edges lower ahead of the latest Bank of England meeting. At 01:50 ET (05:50 GMT), the Dollar Index, which tracks the greenback against a basket of

  • Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?
    Can HDFC AMC make it Back to The MSCI Index After Abrdn Stake Sale?

    Abrdn’s clean-up block trade of a 10.2 percent stake in HDFC AMC will increase the company’s free float market capitalisation but the stock has to rally over 10 percent from the current level to make it back to the MSCI index. “As per the latest global market cap cut-off, HDFC AMC needs to move above