In the recent time SBI came under heavy selling pressure after rating agencies expect deterioration in banks' asset quality due to disruption in economic activity from the coronavirus outbreak. Growing solvency stress among non-bank financial institutions would increase risks to banks' asset quality because banks have large exposures to the sector. As we said earlier Investors should focus on phase wise investing strategies rather than pumping in full assuming and fearing of missing the future rallies. … [Read more...] about ‘Volatility to stay as virus yet to go away; add these 18 stocks to lockdown portfolio’
Vanguard european stock index fund
European shares notched a fresh record high on Wednesday, as a decline in the number of new coronavirus cases and hopes of more stimulus from Beijing helped a recovery from fears of a sustained hit to global supply and demand. A broad-based rally saw the pan-European STOXX 600 index end up 0.8%, led by chipmakers that were hit last session by a revenue warning from iPhone maker Apple Inc due the outbreak. Dialog Semiconductor, STMicroelectronics and AMS AG, were among the top performers on the day. Lending weight to forecasts that the epidemic might ebb by April, data showed the number of new virus cases in China fell for a second straight day. Rising hopes that China will cut its benchmark lending rate on Thursday to curb damage from the outbreak also lent support. "It is a question of how quickly China can return to normal," said Andrea Cicione, head of strategy at TS Lombard. "Daily indications of falling capacity utilisation also seem to be bottoming out and slowly start to … [Read more...] about European shares hit record high on drop in new virus cases, hopes of China stimulus
Hong Kong's status as Asia's premier financial hub survived months of political unrest last year. But news that China is planning to further erode the city's autonomy has once again called into question its future as an East-West conduit for global business, my CNN Business colleague Jill Disis reports. … [Read more...] about Health care stocks are solid, but some remain a big gamble
The pharma sector is benefiting a lot from the Covid-19 global pandemic. After being out in the cold for the last three years, phama funds are back with a a bang. The pharma sector funds are the number two on the return charts in the last one year. Gold, another beneficiary of the pandemic, is the topper of the chart. In the last three months, shares of drug makers have bounced back because of easing of regulatory norms in the US and cheaper valuations. Financial planners and mutual fund managers believe that the outlook for the sector and the schemes is good as the world depends on vaccines and drugs at the moment. “Vaccine-related companies will benefit the most in the Covid-19 situation and of course for future virus checks as well. The outlook is positive for the pharma sector funds,” says Dilshad Billimoria, Founder, Dilzer Consultants, a wealth management firm, based in Bengaluru. The pharma funds category has offered 27.55% returns in the last one year, 8.05% in … [Read more...] about 27% returns in one year. Should you invest in pharma funds to benefit from Covid ciris?
Mumbai: Shares of banks and financial companies slumped on Friday, dragging the benchmark indices lower, after Reserve Bank of India governor Shaktikanta Das announced extension of loan moratorium for all term loan repayments till August 31. The lengthier waiting period for banks to get their money back from borrowers is expected to hit their profitability, said analysts. Bank Nifty declined 2.6 per cent to close at 17,278.90. The Nifty Private Bank index fell 2.8 per cent to 9,421.55, while the Nifty PSU Bank index ended down 0.9 per cent to 1,090.15. “Banks are already under pressure from Covid lockdown and they are seeing issues on asset quality also. Now this moratorium extension will be negative although, to some extent, the rate cut will be positive for credit growth and will bring down costs for NBFCs and banks,” said Lalitabh Shrivastawa, deputy VP at Sharekhan. … [Read more...] about Financial stocks with more worries lead markets lower
FRANKFURT (Reuters) - Eurogroup chief Mario Centeno said plans by Germany and France to set up a 500 billion euro ($545 billion) recovery fund to cope with the coronavirus pandemic would be a step towards a fiscal union of the bloc. … [Read more...] about Franco-German 500 billion euro recovery fund step towards EU fiscal union: Centeno