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Earnings disappointment a risk for Indian stocks, says JPMorgan

Bloomberg Equity investors in India face the risk of earnings disappointment after a rally that’s propelled the local stock benchmark to successive records this year, according to JPMorgan Chase & Co. As business activity resumes following one of the world’s deadliest coronavirus outbreaks, consensus earnings estimates may end up being overdone, said Sanjay Mookim, head of India equity research at ...

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Futures steady ahead of earnings, inflation data

Bloomberg Markets settled into a holding pattern on Tuesday as traders awaited key American inflation data and second-quarter earnings reports from some of the world’s biggest banks. Treasuries and the dollar were steady. Contracts on the S&P 500 and the Nasdaq 100 fluctuated around small gains and losses after the underlying indexes closed at records. JPMorgan Chase & Co and ...

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Sheikh Mohammed inaugurates series of new road networks

DUBAI / WAM HH Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, has inaugurated a series of road networks and strategic development projects implemented with the aim of shortening the distance and transportation time between various regions and emirates in the country. Completed at a total cost of AED1.95 billion, the projects were implemented ...

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