Tag: equities

Forex technical analysis and forecast: Majors, equities and commodities

EUR/USD, “Euro vs US Dollar”

After breaking 1.1830 to the downside and then reaching 1.1731, EURUSD is consolidating above the latter level. Possibly, the pair may correct towards 1.1794 and then resume trading within the downtrend with the short-term target at 1.1720.

EURUSD

GBP/USD, “Great Britain Pound vs US Dollar”

After breaking 1.2900 to the downside and then reaching 1.2800, GBPUSD is consolidating around the latter level. Today, the pair may correct to reach 1.2868 and then continue moving inside the downtrend with the target at 1.2742.

GBPUSD

USD/RUB, “US Dollar vs Russian Ruble”

After breaking 75.55 to the upside and then reaching 76.55, USDRUB is consolidating near the highs. Possibly, today the pair may expand the range up to 76.65 and resume trading downwards with the target at 74.74.

USDRB

USD/JPY, “US Dollar vs Japanese Yen”

USDJPY has finished the correctional structure to test 104.81 from below. Today, the pair may resume

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Equities sink on virus angst, Fed aftermath; gold, yen rise

By Herbert Lash

NEW YORK (Reuters) – Global equity markets slid on Friday as investors sought direction after this week’s U.S. Federal Reserve meeting and a jump in coronavirus cases in Europe rattled sentiment, while gold rose and safe-haven buying lifted the Japanese yen.

The dollar posted its fifth straight day of declines against the yen as Japan’s monetary policy of yield curve control pushes up real interest rates.

U.S. technology-related stocks reversed early gains on Wall Street to extend their losses to a third day, while the S&P 500 and Nasdaq posted a third straight week of declines.

The big tech names that have fueled the U.S. rally from a pandemic-induced slump in March – Apple Inc , Microsoft Corp , Amazon.com Inc and Alphabet Inc – led equities lower.

Rising coronavirus cases and a dim economic outlook weighed on sentiment. The biggest threat to the euro zone economy

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Subscribe to Computer Age Management Services: Mehta Equities



Subscribe to Computer Age Management Services: Mehta Equities


© Subhash Helgaokar
Subscribe to Computer Age Management Services: Mehta Equities

Mehta Equities’s IPO report on Computer Age Management Services

Computer Age Management Services (CAMS) Ltd is a technology-driven financial infrastructure and service provider. It provides service to mutual funds and other financial institutions. It own 70% market share and is India’s largest registrar and transfer agent of mutual funds. CAMS currently provides technology-based services including dividend processing, transaction origination interface, payment, transaction execution, dividend processing, intermediary empanelment, report generation, investor interface, settlement and reconciliation, compliance-related services, and brokerage computation. Its mutual fund clients include 4 of the 5 largest mutual funds as well as 9 of the 15 largest mutual funds based on AAUM, according to the CRISIL Report. It also provides certain services to alternative investment funds, insurance companies, banks and non-banking finance companies. CAMS has a wide network comprising 25 states, 271 service centers5 and 5 union

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Equities slide, bonds rally as tech rebound stalls; oil slips

NEW YORK (Reuters) – Global equity benchmarks slipped and U.S. government bonds rallied on Thursday as a rebound in U.S. technology stocks stalled after the European Central Bank left its stimulus program unchanged and a stimulus bill failed in the U.S. Senate.

FILE PHOTO: A street sign is seen in front of the New York Stock Exchange on Wall Street in New York, February 10, 2009. REUTERS/Eric Thayer

MSCI’s gauge of stocks across the globe .MIWD00000PUS shed 1.06% following modest declines in Europe and gains in Asia.

On Wall Street, the Dow Jones Industrial Average .DJI fell 406.02 points, or 1.45%, to 27,534.45, the S&P 500 .SPX lost 60 points, or 1.77%, to 3,338.96 and the Nasdaq Composite .IXIC dropped 221.97 points, or 1.99%, to 10,919.59.

The ECB’s decision not to ramp up its stimulus program bolstered the euro, which has gained more than 8% against the dollar since the

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Equities rebound after three-session Nasdaq sell-off

NEW YORK (Reuters) – Global equity benchmarks rebounded and the dollar dipped on Wednesday following a sharp sell-off in U.S. tech stocks that had erased more than 10% from the Nasdaq Composite Index in three days.

AstraZeneca (AZN.L) shares bounced back from heavy losses after the Financial Times reported that global trials of its experimental COVID-19 vaccine may resume next week after an unexplained illness in a study participant.

The news unnerved investors in Asia hoping for the quick introduction of a vaccine that would accelerate the global economic recovery from the pandemic.

“This has been a correction that was probably not that surprising, given the move in August in the tech sector,” said Salman Baig, an investment manager at Unigestion, adding that the outlook for Big Tech was positive.

“It’s exactly those companies that are new economy – they are benefiting because of their model, the industry,

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Equities Rebound After Three-Session Nasdaq Sell-Off | Investing News

NEW YORK (Reuters) – Global equity benchmarks rebounded and the dollar dipped Wednesday after a three-day sharp sell-off in U.S. tech stocks that erased more than 10% from the Nasdaq Composite Index.

AstraZeneca

shares fell 1.4% after global trials of its experimental COVID-19 vaccine were paused due to an unexplained illness in a study participant. It clawed back heavier losses incurred in premarket trading.

The news had earlier unnerved investors in Asia hoping that the quick introduction of a vaccine would accelerate the recovery for global economies ravaged by the pandemic.

“This has been a correction that was probably not that surprising, given the move in August in the tech sector,” said Salman Baig, an investment manager at Unigestion, adding that the outlook for Big Tech was positive.

“It’s exactly those companies that are new economy – they are benefiting because of their model, the industry, the virus.”

Those attributes

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Global equities find some footing after another slide in US tech stocks, led by a record fall in Tesla

Traders work on the floor of the New York Stock Exchange shortly after the start of trading August 6, 2014.
  • European and US equity futures rose on Wednesday as investors went bargain-hunting following a massive sell-off in Big Tech.
  • Asian indices declined after the previous day’s total wash-out saw tech favorites such as Apple, Amazon, Facebook, and Zoom slump over 4% and Tesla falling by a record 21%.
  • In the UK, the pound fell 1.5% against the dollar to its weakest in six weeks.  
  • “As sterling nervously awaits the unveiling of Boris Johnson’s international law-breaking UK Internal Market Bill, the FTSE continued to celebrate the currency’s bout of Brexititis – a long-dormant condition that has recently seen a serious flare-up,” a financial analyst at SpreadEx said.
  • Visit Business Insider’s homepage for more stories.

Global equities regained some stability on Wednesday even as investors continued to dump highly-valued technology

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U.S. tech selloff hits equities, oil falls on demand worry

By Stanley White and Jessica DiNapoli

TOKYO/NEW YORK (Reuters) – Asian shares fell on Wednesday and oil prices hit lows not seen since June after a rout in technology shares sank Wall Street for a third consecutive day and a major drugmaker delayed testing of a coronavirus vaccine.

MSCI’s broadest index of Asia-Pacific shares outside Japan slid 1.06%. Australian stocks dropped 2.47%, while shares in China fell 1.53%. Japan’s Nikkei skidded 1.12%.

U.S. S&P 500 E-mini stock futures erased losses and rose 0.25%, white Nasdaq futures also rose 0.83%.

Euro Stoxx 50 futures were down 0.03%, German DAX futures fell 0.14%, and FTSE futures fell 0.29%.

Sentiment for equities and other risky assets also took a hit after AstraZeneca Plc paused a late-stage trial of one of the leading COVID-19 vaccine candidates due to an unexplained illness in a study participant.

Treasury yields extended declines as investors sought the safety

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European equities sapped by Brexit fears, energy and tech stocks slide

(Reuters) – European shares fell on Tuesday on fears that Britain was in danger of leaving the European Union without a trade agreement, with energy firms and technology stocks among the biggest decliners.

FILE PHOTO: The German share price index DAX graph is pictured at the stock exchange in Frankfurt, Germany, September 4, 2020. REUTERS/Staff

The oil & gas sub-index .SXEP tumbled 3.7% marking its worst day in nearly 11 weeks, as oil prices plunged over 8% on demand worries. [O/R]

As tech firms on Wall Street deepened a selloff from last week, European tech stocks .SX8P slipped 2.1%, giving back a chunk of the previous session’s gain. [.N]

“Stocks in Europe had free rein yesterday as the U.S. exchanges remained closed because it was Labour Day. The weakness that we saw in big U.S. tech names last week, is still in play, and that is driving sentiment over here,”

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Equities tumble as Nasdaq, Brexit concerns mount; bonds rally

By David Randall

NEW YORK (Reuters) – Global equity markets and oil prices tumbled Tuesday as a sharp sell-off in technology stocks and rising concerns over the U.K. leaving the European Union without a trade agreement threatened to stall a rally that had pushed world shares near record highs despite the coronavirus pandemic.

Fresh tensions between Washington and Beijing after U.S. President Donald Trump again raised the idea of decoupling the U.S. and Chinese economies also came into focus but appeared to have little impact.

“I think the market will shrug this off as electioneering but may find the lining up of technology stock sellers harder to process as the U.S. market returns from a holiday yesterday,” said Chris Bailey, European Strategist at Raymond James.

MSCI’s gauge of stocks across the globe <.MIWD00000PUS> shed 1.55% following broad declines in Europe and modest gains in Asian markets.

In morning trading on Wall

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