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However, higher rates will destroy demand throughout the whole economy. As a result, lower gas prices might have to come at the cost of a recession. Stocks finished Monday’s session with mixed results as it marks the beginning of an action-packed week of major earnings releases and the Fed’s July meeting. In addition, prices at the pump continue to fall while natural gas prices continue to rise. India’s gold demand went up by 43 per cent during April-June quarter, but going ahead factors like inflation, Rupee-USD rates and policy measures among others are likely to influence consumer sentiments, says a report. According to a World Gold Council report, India’s April-June quarter gold demand stood at 170.7 tonnes, higher from 119.6 tonnes during the corresponding quarter in 2021. Consumer goods conglomerate Nestle India Ltd said it was seeing early signs of softening of prices in commodities such as edible oil and packaging materials, against the backdrop of surging inflation.

  • Compared to Friday, the market is pricing in a higher chance of a higher Fed Funds rate for the end of the year.
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  • While volumes are to fall sharply due to the imposition of export duties on exports, higher costs will dampen the profitability.
  • Nonetheless, the week ended in green for the three major averages, with the Dow, S&P 500, and Nasdaq 100 gaining 2%, 2.6%, and 3.3%, respectively.
  • It clocked a total sales volume of over 33 Million Tonnes per annum in the financial year 2022.

WTI crude oil is currently hovering around $96 per barrel, as it trades not too far away from its session high of $96.84 per barrel. The price has pulled back considerably from last week’s high of $104.44 per barrel. Prices of natural gas rose on Monday after Russia’s Gazprom announced it would further reduce the flow into Europe by half. Since gas flows are already at 40% capacity, this would equate to a capacity of 20%. The technology sector is the laggard so far, as it is down 1%. Conversely, the energy sector is the session’s leader, with a gain of 3.6%.

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US stocks rose after strong tech earnings and ahead of the Federal Reserve’s decision on interest rates. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move. The fast pace of big rate hikes could “pitch this economy into a recession,” Warren told CNBC Forex on Wednesday before the Fed raised rates again. Moreover, even though a stock’s dividend payouts may have been high, investors can still lose money due to fluctuations in stock prices. The financial year 2022 was remarkable for the steel industry, where the entire sector reported its best financial performance.

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11.4 amounted to a dividend yield of 15.7%, far more than its 5-year average dividend yield of 5.3%. In such scenarios, companies are likely to cut down their discretionary spending, including high dividend payments. As companies pay dividends from their profits after paying for capital expenditures, debt repayments, and working capital. If for some reason, earnings were to decline, these high dividends of today may count for nothing. But keep in mind that dividends are only sustainable to the extent a company’s earnings are sustainable.

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The dividend yield has been rising, from 2.7% to 7% in the last five years. This hefty payout amounted to a dividend yield of 2.8%, twice as much as its 5-year average of 1.2%. While volumes are to fall sharply due to the imposition of export duties on exports, higher costs will dampen the profitability. Hence, there is a good chance the company may roll back its liberal dividend policy. The marketing losses on petrol, diesel and LPG bore by the company will offset the gains in the refining segment. Also, the one-time inventory hit due to an excise duty cut will further affect profitability.

stock market news today

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