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‘Rally in India’s largest consumer stocks over’

BLOOMBERG The rally in India’s largest consumer stocks has likely run its course as margins are near historical highs and the firms appear reluctant to boost investment, according to one of the nation’s biggest money managers. “We think earnings growth will disappoint,” said Anish Tawakley, who oversees about $4.8 billion as deputy equity chief investment officer at ICICI Prudential Asset ...

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Yields jump as hot inflation reports embolden hawks

BLOOMBERG European stocks slipped as euro-area bond yields surged on Tuesday as hot inflation reports ramped up the stakes for the region’s central bank to battle rampant price pressures. The Stoxx 600 fell 0.3%, trimming a 1.7% gain for February, in the wake of reports that showed accelerating inflation in France and Spain. US contracts were range-bound after a solid ...

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UK, EU seal new post-Brexit deal on Northern Ireland trade

BLOOMBERG The UK and European Union (EU) reached a deal on Northern Ireland’s trading arrangements, ending more than a year of often acrimonious wrangling over the post-Brexit settlement for the region, people familiar with the matter said. The agreement follows a meeting between British Prime Minister Rishi Sunak and European Commission President Ursula von der Leyen, according to the people, ...

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