|Bid||35.71 x 2900|
|Ask||35.72 x 1000|
|Day's Range||35.49 - 35.76|
|52 Week Range||32.16 - 38.21|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.68%|
India (INDA) is one of the fastest-growing economies in the world and is increasingly moving toward digitalization. According to a McKinsey report, India is pegged to be a $1 trillion digital economy by 2025. Local established players, as well as US tech giants, are thus making efforts to push into the potential digital growth opportunity in India.
The demand for gold in India (INDA) fell 7.0% in the second quarter, mainly due to stronger equity markets and higher gold prices measured in rupees. This event caused local gold prices to rise, even with the price decline measured in US dollars.
Multiple key Asian economies released their Purchasing Managers' Index data for July this week. Most countries noted diminished production during the month, but why was this the case? Let's take a closer look.
As Comcast (CMCSA) has decided to step away from the bid for 21st Century Fox’s (FOXA) assets, Walt Disney (DIS) has acquired those premium assets, valued at $71.3 billion. Disney is expected to buy Fox’s film and TV studios, as well as cable networks such as FX Networks, Fox Sports Regional Networks, and Fox Networks Group.
Earlier this month, a number of top Apple (AAPL) executives in India (INDA), including the country’s national sales and distribution head, chief of commercial channels and mid-market businesses, and head of carrier sales, reportedly resigned. Although their reasons for leaving the company were not specified, the executives’ exits may have been driven by lackluster sales of Apple’s products in India.
Facebook (FB) delivered its slowest-ever user growth rate in the second quarter, which pulled down its stock more than 20.0% in after-hours trading on Wednesday. Facebook’s sluggish user growth also adversely impacted its top-line growth in the quarter. Both revenues and global daily users lagged behind analysts’ expectations in the second quarter.
India’s markets and India ETFs are turning around as strengthening corporate profits and its insulation from global trade war concerns helped lift this emerging market. The iShares MSCI India ETF (CBOE: ...
According to data provided by Markit Economics, the final Markit Services PMI for India (INDA) showed strong improvement in June after contracting in May. It was 52.6 in June compared to 49.6 in May and beat the preliminary market estimate of 52.
The India Manufacturing PMI rose at a higher rate in June than in May. It was 52.6 in June compared to 51.2 in May. It beat the market expectation of 52 and was the strongest expansion in the services sector since June 2017.
eBay (EBAY) added 4.0 million active buyers globally in the second quarter from 171 million buyers in the first quarter. eBay’s active buyers have completed a transaction on the company’s Marketplace and StubHub platforms within the last 12 months. StubHub is eBay’s online ticketing site.
Fresh Sell-Off Hits Gold: Is $1,200 the Next Stop? Investors, market participants, and analysts have been puzzled by gold’s weakness in recent months despite escalating trade war tensions and geopolitical risks. The Fed’s aggressive stance on interest rate hikes has also been weighing on gold.
Here are the major emerging market economic indicators that investors should analyze this week: Brazil (EWZ) Manufacturing PMI Brazil Services PMI Mexico Manufacturing PMI Indonesia Manufacturing PMI India (INDA) Manufacturing PMI India Services PMI China (YINN) Manufacturing PMI China (FXI) Services PMI Russia (RSX) Manufacturing PMI Russia Services PMI Performance of the global market
According to data provided by Markit Economics, the final Markit services PMI of India fell in May 2018. It again was in the contraction zone after showing two months of expansion in the past two months. It stood at 49.6 in May as compared to 51.4 in April and didn’t meet the preliminary market estimate of 51.
India’s manufacturing PMI (purchasing managers’ index) rose at a slower rate in May as compared to April. It stood at 51.2 in May as compared to 51.6 in April. The reading didn’t beat the market’s expectation of 51.5.
Is It Time to Turn Bullish on Gold after Its Recent Weakness? Physical gold demand, especially from India and China, traditionally supports gold prices (GLD) when prices are weakening. Gold consumers in these markets are price conscious and usually load up on gold when prices are falling.
Major emerging market economic indicators that investors should analyze this week are as follows: India’s (INDA) manufacturing PMI India’s service PMI Russia’s (RSX) manufacturing PMI Russia’s service PMI China’s (YINN) manufacturing PMI China’s (ASHR) service PMI Brazil’s (EWZ) manufacturing PMI Brazil’s service PMI Mexico’s manufacturing PMI Indonesia’s manufacturing PMI
According to data provided by Markit Economics, the final Markit services PMI for India improved significantly in April. It was 51.4 in April compared to 50.3 in March. It met the preliminary market estimate of 51.4.
India’s manufacturing PMI rose sequentially in April. It was 51.6 in April compared to 51 in March, beating the market expectation of 51.3.
Cisco Systems (CSCO) managed to increase its Infrastructure Business segment by 2% YoY (year-over-year) in the third quarter to $7.2 billion. Cisco is losing market share to China’s (FXI) Huawei and is targeting growth in emerging markets (EEM) including India (INDA). Cisco aims to simplify and manage networks for enterprises and offers end-to-end intent-based networking portfolio solutions delivering security and automation.
The following are the major emerging market economic indicators that investors should analyze this week: India’s (INDA) Manufacturing PMI (Purchasing Managers’ Index) India’s Services PMI China’s (YINN) Manufacturing PMI China’s (ASHR) Services PMI Brazil’s (EWZ) Manufacturing PMI Brazil’s Services PMI Russia’s (RSX) Manufacturing PMI Russia’s Services PMI Indonesia’s Manufacturing PMI Mexico’s Manufacturing PMI Performance of the global market