Consumer staples companies’ high multiples appear vulnerable to volatile earnings conditions amid inflation pressures.

LIC ends 7.8 lower, broader market closes up 2.6 LIC has 71.5 bln market value Stateowned LIC now India39;s fifth biggest company MUMBAI, May 17 Reuters Shares in Life Insurance Corp of India LIC slid nearly 8 in its market debut on Tuesday, a fresh setback for the stateowned giant as its recordbreaking, oversubscribed IPO raised […]

LONDON, May 17 Reuters The dollar eased for a third straight day on Tuesday as a jump in sentiment across global markets encouraged investors to trim bets on the safe haven currency, which hit a twodecade high last week. A hawkish comment from Dutch central bank chief Klaas Knot helped the euro jump back above […]

BENGALURU, May 17 Reuters Indian shares extended gains to a second session as metal stocks rallied over hopes of revival in demand as top consumer China steps out of COVID related lockdowns, even as Life Insurance Corp of India slid in its market debut. The NSE Nifty 50 index settled 2.63 higher at 16,259.30, while the […]

Rates as of 0500 GMT Wheat market I was interviewed this morning by Dubai One TV on the subject of wheat. The price has soared since India announced that it would halt exports. The country is the worlds secondlargest wheat grower China is 1 but it hasnt been a major exporter it normally grows what […]

May 17 Reuters The Russian rouble weakened on Tuesday, stepping away from near fiveyear highs against the euro, after the central bank eased some capital controls that were the main driver of its strength in the past few weeks. The rouble has become the world39;s bestperforming currency this year despite a fullscale economic crisis, although this is […]

Shanghai reports three days of no new COVID19 cases ENGIE, Daimler Truck jump after earnings Vodafone slips on bleak earnings forecast ContourGlobal, MC Saatchi rally on MA news May 17 Reuters European shares jumped 1.5 on Tuesday, on hopes that demand in China could be sustained as authorities looked to relax COVID19 restrictions that had […]