Sectorally, all the indices ended in the green, with major bullish pull seen in Auto, Pharma and Banking indices. After a bearish opening, Indian equity markets turned positive, amid strong cues from the global markets after the US Fed hinted at a rate cut in the near future.
Although India's foreign ministry said that no official report or statement from the U. Now let's quickly go through the stock highlights of the day. Commenting on the market view for today, Vinod Nair, Head of Research of Geojit Financial Services said, "series of meetings by PM and FM to draw a road map for days agenda and budget, provided a confidence to the market. Additionally, GST council is likely to meet and review its position.
Meanwhile, President Ram Nath Kovind told lawmakers today that India will implement more reforms to boost economic growth, including higher spending in farm sector and easing collateral-free loans to small businesses. Now India is moving towards becoming the world's fifth largest economy," President said while addressing the joint session of parliament, ahead of the annual budget.
Traders said hopes of a breakthrough in US-China trade talks also boosted global investor sentiment. As per market participants, this could also be the start of a pre-budget rally. On the currency front, rupee opened strong at At the same time, experts are in no hurry to reassure European consumers and are increasingly saying that if the war continues, the probability of seeing 3 euros for 1 liter of fuel at German gas stations will become a harsh reality.
To date, in some areas of Germany, the price of a liter of fuel has risen to a record 2. Due to high fuel prices, other spheres are collapsing like a house of cards. Thus, the Association of small and medium-sized businesses of Germany announced the threat of mass bankruptcy of enterprises. There is one reason — the record cost of gasoline. The managing director of the association, Markus Jerger, called unacceptable the cost of gasoline above 2 euros per liter and doubled gas prices.
To solve this problem, he suggested that politicians finally reduce the electricity tax to a minimum, as well as change the system of benefits for using public transport. In fairness, it should be said that, although the German government advocates the termination of energy supplies from Russia to the detriment of the purse of its own citizens, it is still trying to solve the problem that has arisen.
In order to smooth out the price shock, German Finance Minister Christian Lindner told the citizens of his country that the government is going to introduce discounts on gasoline. According to the new plan, drivers will receive a fixed discount when paying at gas stations, and this missing amount will be reimbursed to gas station operators by the government.
The goal of German politicians is clear: not to bring motorists to anger and rallies, controlling the cost of a liter of gasoline in the range of up to 2 euros. But this is not only in Germany. The Italian association of cargo carriers TrasportoUnito announced the termination of the work of truckers from March The official announcement of the trade union says that they simply cannot fulfill their contractual obligations at a loss.
They can be understood, because now in Italy, fuel prices, after some recent stabilization, are creeping up again unrestrainedly, confidently breaking through the psychologically important mark of 2 euros per liter on the eve of last weekend. In other words, at such prices, a tank of fuel will cost the average Italian more than euros.
It is clear that with such a swing in value, it is difficult not to express your indignation at the policy of the authorities. For example, in the field of maritime transport, they no longer want to hush up a serious problem: in Italian ports, seiners and small ferries with banners "No money for fuel" can be seen more and more often.
The beginning of the energy crisis, which has been worrying Europeans with high fuel and electricity bills since last spring, is explained by experts by the fact that in the post-pandemic period, liquefied natural gas LNG began to be in demand in Asia, despite the fact that the main suppliers of this raw material for various reasons limited supply. As a result, the level of occupancy of European underground storage facilities after the long cold winter and hot summer of remained at an extremely low level.
It should be noted that such persistently high prices in the energy sector have not been observed in the entire history of the operation of gas hubs in Europe, namely since InstaForex analytical reviews will make you fully aware of market trends!
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Consulting agency. Oil futures rose Friday for the first time in seven sessions as concerns about the prospect of Brexit abated. Now this goes along the KeyStock scam pattern. Who can offer instant winnings?! They claim to offer a leverage of for Forex. As mentioned, KeyStock offers the possibility to trade various products — currencies, bonds, commodities etc.
In terms of trading, the spread places high importance and it can be a deal breaker in choosing the broker you trade with. Here, the spreads go from 0. This comes in the high margin in the brokerage community. AND the KeyStock reviews sanction it. Now for the more interesting part of this review.
The bonus system. Do not bother to check for it on the web-site, because you will not find any mentioning of it. KeyStock bonus system is a rather peculiar issue. According to some reviews, they do have a bonus strategy. But this is exclusively up to the account manager. Both in terms of amount, and in terms of qualifications necessary to receive it.
Some other present an offer of up to 2, USD for a live account and 10, USD virtual money, part of KeyStock no deposit bonus, for a demo account which seem to be part of old promotions from an old ad of the company, meaning it may well be obsolete.
However, KeyStock bonuses seem to be a mirage, more than the real deal. As we said before, there is no official mentioning available on the platform web-page that we could found. This is a big con in this review. And, if the information that the bonus system is actually in the hands of one account manager or another is correct, again, it is a rather shady practice.
Even small FX platforms are straightforward about their bonus policy and no controversy is needed in this field. KeyStock opinions on lack of credibility seem more and more accurate. Meaning, you are allowed to have a problem or to try and get help for solving some sort of a glitch you may encounter only from Monday to Friday. They expect you to trade lots of money, but you can get virtually nothing for this money in return at least two days per week.
One would expect more from KeyStock. But maybe this five days a week support can tell more about the KeyStock promotions we talked about earlies, who knows? To sum up the pros and cons of KeyStock Forex broker: this broker requires very high deposits, it is quite secretive about the bonus policy, which makes us think there is actually no bonus policy, it offers support as the low-end brokers, but tries to position itself as a high-end one at least in terms of amounts necessary if you are eccentric enough to trade with them.
The spreads are also on the high side, being a minus for traders. It does have a good operating platform, training courses and some support, but the return on investment is rather low from this point of view. Be the first one to find out about available Forex trading bonuses that can be trusted. Sweet, right? Grab it now. Check our help guide for more info.
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with its previously announced project to convert old shipping/cargo containers into inexpensive greenhouses for urban and inner city neighborhoods. U.S. Global Sea to Sky Cargo ETF (NYSE:SEA): up %. InfraCap MLP ETF (NYSE:AMZA): up %. ALPS Clean Energy (NYSE:ACES): up %. Key stock indices recovered from early fall today backed by buying across contract with Airbus for Cabin and Cargo design engineering.