CITIGROUP FORECASTS
Global brokerages turn bullish on Indian equities as market rebounds
Global brokerages HSBC, Citigroup, and Jefferies have upgraded their outlook on Indian equities. They cite improving earnings prospects and attractive valuations as key factors for this optimism. Recent foreign fund inflows and reduced oil prices further support this positive sentiment. Citigroup anticipates significant growth in the Nifty 50 by the end of 2027. Overall, Indian equities are poised for a sharp recovery in the coming years.
Global Market Today: Asian stocks slide as US chip selloff deepens
The MSCI Asia Pacific gauge dropped 0.4% with South Korea’s Kospi Index sliding almost 3%. In the US, a gauge of chipmakers extended a three-day rout to 12% and the Nasdaq 100 sank 10% from its peak, entering a technical correction. In a sign some investors are looking to buy on dips, US stock futures gained. Japan is closed for a holiday.
US manufacturing strengthens in October, input prices stay high
US manufacturing activity accelerated in October, with the ISM manufacturing PMI rising to 55.5 from 54.5 in September, beating Reuters-polled economists' expectations. Strong consumer and AI-related business spending supported growth, but factory input prices remained elevated at 75.2, reinforcing concerns that US inflation could stay above the Federal Reserve's 2% target.
Steep bill for AI buildout punishes Meta, other tech favorites
Investors sold shares of Meta Platforms and a wealth of companies central to the AI trade, a day after Meta -- one of the so-called hyperscalers spending billions to build data centers and other infrastructure supporting the AI boom -- said it would issue a new class of shares that will help it raise funds.
Global Market: Citi expects Fed to raise rates by 25 basis points in December after hot US inflation data
Citigroup now expects the US Federal Reserve to raise interest rates by 25 basis points in December following hotter-than-expected September inflation. The brokerage forecasts rates to remain unchanged thereafter, with rate cuts unlikely before June 2027.
US banks post strong profits, but inflation and rate risks cloud outlook
Major US banks reported higher third-quarter profits, supported by resilient consumer spending, AI investment and stronger trading revenue. However, executives warned that persistent inflation, elevated interest rates and geopolitical risks could strain household finances and slow economic growth. JPMorgan Chase missed earnings estimates, while Goldman Sachs, Citigroup and Wells Fargo reported stronger results.
- Go To Page 1
US stocks in focus as bank earnings, inflation data set to test market rally
US investors will track major bank earnings, September inflation data and Treasury yields this week for clues on corporate profitability and the Federal Reserve’s rate outlook, as persistent price pressures and rising borrowing costs test the stock market rally.
US stocks: US market posts weekly gains with earnings, inflation data on tap
Wall Street finished strong on Friday, fueled by optimism ahead of the third-quarter earnings reports from major players like Wells Fargo and Goldman Sachs. Analysts predict a notable growth in S&P 500 earnings year-over-year, even as worries about consumer sentiment loom. Oil prices dipped initially due to conflicting US-Iran news but later recovered. Moreover, significant companies such as Delta Air Lines and Apple reported hurdles impacting their respective stock performances.
US bank earnings in focus as Treasury yields surge, raising concerns over lending and dealmaking
US bank stocks face a critical earnings test as investors assess whether rising Treasury yields, higher deposit costs and slower dealmaking could offset profit growth at the six largest lenders.
Tech stocks drag Nasdaq lower on report of OpenAI revenue fall, high yields
US equity indexes fell, influenced by megacap technology stocks and concerns regarding OpenAI's revenue performance. The Nasdaq 100 and S&P 500 saw declines as the yield on the 10-year Treasury rose. Additionally, increased oil prices and energy supply fears contributed to market pressure. Federal Reserve comments indicated potential for further interest rate increases, impacting credit sectors. A rise in economic-policy uncertainty reflects growing concerns among investors amid upcoming election dynamics.
Bitcoin price target: Why Citi raised its BTC USD forecast to $113,000 from $82,000 as the cryptocurrency rebounds
Bitcoin (BTC USD) price target: Citigroup has increased its 12-month Bitcoin price target from $82,000 to $113,000 due to favorable market conditions. The bank expects $5 billion in crypto investment product inflows over the next year as advisers increase allocations. Spot Bitcoin ETFs have started seeing renewed inflows after significant outflows earlier this year.
US stocks: Nasdaq rises while S&P, Dow dip as softer inflation cools Fed hike bets
On Wednesday, inflation data led to mixed market movements, with the Nasdaq increasing slightly. The Dow and S&P 500 faced declines, although both indexes posted quarterly gains. Private employers added 90,000 jobs in September, contributing to labor market reports this week. The S&P 500 achieved new highs while also experiencing several lows in its performance. Rising concerns about inflation continue to influence economic outlooks and Federal Reserve expectations.
US stocks: US market rises as cooler inflation data ease October Fed hike bets
U.S. stocks surged higher as inflation reports came in softer than analysts predicted, easing worries about potential interest rate hikes. The Commerce Department revealed a 3.4% increase in the Personal Consumption Expenditures price index year-over-year. Major players like Apple and Alphabet enjoyed price rises, contributing to a notable boost in the Nasdaq Composite.
US weekly jobless claims decrease as labour market regains footing
Recent data reveals that initial claims for unemployment benefits in the US have dipped, signaling a stronger labour market. However, businesses continue to struggle with hiring due to escalating energy costs and a shortage of workers. Additionally, while continuing claims edged up slightly, the jobless rate remains steady at 4.1%.
Pine Labs shares rise after Rs 934 crore block deal; Mastercard likely sells stake
Mastercard Asia Pacific is approximately selling its entire Pine Labs stake. This block deal involves 49.7 million shares valued up to Rs 892.5 crore. The transaction floor price is set at Rs 179.50 per share. Citigroup Global Markets India is managing the placement as the sole agent. The deal is expected to settle on September 23.
Warren Buffett is passing the baton: 5 investment mantras the next generation can carry forward
Warren Buffett has stepped down as Berkshire Hathaway chairman and become chairman emeritus, with Howard Buffett taking the role. Greg Abel remains CEO. Buffett’s six-decade investment philosophy highlights valuation discipline, patience, competence, emotional control and the power of long-term compounding.
US Market: Wall Street brokerages see S&P 500 extending rally in 2026 on AI, earnings
Wall Street brokerages remain bullish on the S&P 500 in 2026, with AI-driven earnings growth and resilient corporate profits expected to support equities despite inflation, energy supply risks and economic uncertainty stemming from the Iran conflict.
Barclays raises S&P 500 year-end target to 7,950 on strong earnings
Barclays raised its year-end S&P 500 target to 7,950 from 7,800, citing strong corporate earnings and continued AI investment. The brokerage expects earnings momentum to persist despite inflation, geopolitical risks and interest-rate concerns. Other major banks are also bullish, with several forecasting the index to finish the year above 8,000.
Copper hits record high, UltraTech’s Ultravolt on the offensive: A double whammy for cable makers in FY27?
Copper prices have soared to unprecedented levels, creating ripple effects on manufacturing expenses worldwide. UltraTech's Ultravolt is making bold strides into the Indian wires and cables sector, creating a competitive landscape for established manufacturers in fiscal year 2027. As a response to escalating input costs, companies are enacting price hikes, raising investor apprehensions about increased competition and dwindling profit margins.
Copper hits new peak of $14,533/metric ton. Can its reddish glow brighten even further?
Copper prices hit a record high of $14,533 per metric ton as tight mine supply, a weaker dollar and structural demand from electrification, AI and data centres fuelled the rally. Analysts see further upside if supply constraints persist.
India growth forecast cut again at Citi as Covid cases surge
Citigroup has sharply lowered its forecast for the Indian economy as the pandemic shows no sign of slowing.
S&P recovery will be far faster than 2008: Citigroup
The forecast is among the most bullish among US market forecasters.
Citigroup report pegs India's GDP growth at 7.9 per cent this fiscal
India's GDP growth is likely to revive to 7.9% in the current financial year, driven by structural reforms and cyclical easing of the monetary policy.
Citigroup puts 'Buy' on Infosys
Citigroup expects Infosys' revenues at $1,167 mn, down ~4% qoq. This assumes marginal decline in volumes, stable pricing and ~4% impact of cross currency. EBIT margins are expected to fall ~150bps qoq.
Citi cuts India's GDP forecast to 7.2 pc in 2008
Global financial services firm Citigroup has lowered India's GDP forecast for this calender year to 7.2 per cent from its earlier estimate of 7.5 per cent but asserted that growth in Asian region will not collapse under the pressure of global financial turmoil.
Subprime woes continue for Citigroup, Merrill
Citigroup, the bank that posted the biggest losses from the collapse of the US mortgage market, may take an additional $8.9 billion in net writedowns in the second quarter, Goldman Sachs said.
Load More
