Pound Rises as BoE’s Pill Says Fiscal News Needs “Significant” Policy Response

By Geoffrey Smith  Investing.com — The U.K. government’s new package of unfunded tax cuts will most likely require higher interest rates, a top Bank of England official said on Wednesday. The outlook for the U.K. has changed abruptly in the wake of Kwasi Kwarteng’s so-called ‘mini-budget’, Reuters reported the Bank’s chief economist Huw Pill as … Read more

Jabil Rises After Topping FQ4 Estimates, Offers ‘Robust’ Guidance By Investing.com

© Reuters. By Senad Karaahmetovic  Jabil (NYSE:) is up over 4% in premarket trading after the manufacturing services company reported better-than-expected FQ4 results and FQ1 guidance. Jabil an EPS of $2.34 on revenue of $9 billion to easily top the analyst consensus of $2.14 on sales of $8.39 billion. For this quarter, the company is calling … Read more

Benchmark bond yield rises 10 bps on hawkish Fed stance

Mumbai, Sep 22 (IANS) The yield on the 10-year benchmark bond rises around 10 basis points on Thursday after the US Federal Reserve raise their policy rate by 75 basis points and hawkish commentary by Fed. The 10-year benchmark 6.54 per cent — 2032 bond yield ended at 7.3878 per cent, as against 7.2525 per … Read more

Commercial papers issuance rises around 60% on-month to Rs 1.51 lakh cr in Aug

According to the Prime database, companies raised Rs 1.51 lakh crore in August, as compared to Rs 94,599 crore in July. With this, fundraising in August is highest in the current financial year. There are some regular issuers like oil marketing companies, National Bank for Agriculture and Rural Development, Export Import Bank of India (NS:), … Read more

Newest Addition to F&O Ban List on Sept 13: Count Rises to 3

By Malvika Gurung Investing.com — One stock has been added to the Futures and Options (F&O) ban list for trade by the National Stock Exchange on Sept 13, 2022, taking the total to three on the list. While the gaming and hospitality stock Delta Corp (NS:) and the leading cement producer Ambuja Cements (NS:) continue … Read more

T-Bills yield rises over 150 bps post RBI starts increasing repo rate

The yield on 91-day treasury bills rose by 1.5997 per cent to 5.6287 per cent, on 182-day yield rose by 1.6674 per cent to 6.0999 per cent, and 364-day yield rose by 1.5027 per cent to 6.3378 per cent. Before the first rate hike by the central bank this year on May 4, yield on … Read more