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Business Standard
a day ago
- Business
- Business Standard
Asian shares rise, dollar firms ahead of US earnings; JGB yields surge
Asian shares climbed and the dollar held gains on Tuesday as trade talks remained in the spotlight in a week that will see key readings on US inflation and bank earnings. Oil prices edged lower after US President Donald Trump issued a 50-day deadline for Russia to end the war in Ukraine to avoid energy sanctions. Japanese government bonds yields jumped to multi-decade high as a critical upper house election neared. Trump signalled he was open to discussions on tariffs after his weekend threat to impose 30 per cent duties on the European Union and Mexico from August 1. Japan is reportedly trying to schedule high-level talks with the US this Friday. Market reaction to the tariff uncertainty has been rather benign, making earnings in the United States this week all the more important for cues, said National Australia Bank strategist Rodrigo Catril. "It'll be interesting to see what companies are saying, in particular in terms of the forward-looking outlook, in terms of where they see the next quarter, how they see their margins, are they going to get squeezed, or are they planning to pass it on," Catril said in a NAB podcast. "I think that this idea of complacency is also because we're not quite sure how this whole thing is going to play out," he added. MSCI's broadest index of Asia-Pacific shares outside Japan was up 0.4 per cent, after US stocks ended the previous session with meagre gains. Japan's Nikkei gauge added 0.2 per cent. The EU accused the US of resisting efforts to strike a trade deal and warned of countermeasures if no agreement is reached. Trump said he was open to further discussions with the EU and other trading partners. Japan's Prime Minister Shigeru Ishiba is arranging to meet US Treasury Secretary Scott Bessent in Tokyo on Friday, the Yomiuri newspaper reported, ahead of an August 1 deadline before 25 per cent tariffs are due to take effect. Ishiba also has an election to contend with on Sunday, with polls showing his ruling coalition may lose their majority in the upper house to political opponents who are advocating for expansive spending. The benchmark 10-year JGB yield jumped to 1.595 per cent, highest since October 2008, while the 30-year yield hit an all-time high of 3.195 per cent. Meanwhile, the US earnings season is set to begin on Tuesday, with second-quarter reports from major banks. S&P 500 profits are expected to rise 5.8 per cent year-over-year, according to LSEG data. The outlook has dimmed sharply since the early April forecast of 10.2 per cent growth, before Trump launched his trade war. Investors are also waiting for US consumer price data for June, due on Tuesday, and will monitor for any upward pressure on prices from tariffs. The dollar was little changed at 147.71 yen after touching a three-week high. The euro was flat at $1.1672. US crude dipped 0.3 per cent to $66.80 a barrel. Trump announced new weapons shipments for Ukraine on Monday, and threatened sanctions on buyers of Russian exports unless Moscow agrees to a peace deal in 50 days. Gold inched up 0.1 per cent at $3,348.35 per ounce, while spot silver gained 0.1 per cent to $38.15 per ounce, after hitting its highest level since September 2011 in the previous session. In early trades, the pan-region Euro Stoxx 50 futures were up 0.1 per cent, German DAX futures were up 0.1 per cent, and FTSE futures were up 0.2 per cent. US stock futures, the S&P 500 e-minis, were down 0.1 per cent. (Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)
Time of India
a day ago
- Politics
- Time of India
After Alipurduar snub, Dilip gets invite to Modi's Durgapur rally
1 2 Kolkata: Former BJP national vice-president Dilip Ghosh , who met key party functionaries in New Delhi a few days ago, received an invitation to attend PM Narendra Modi 's rally in Durgapur on July 18. Ghosh's presence will help bridge the divide between veterans and newcomers in the state BJP, party insiders feel. "I have been invited to attend the PM's rally in Durgapur. I will be present," Ghosh said on Monday. According to sources, he is likely to reach Durgapur on July 17. Ghosh, who had been increasingly distancing himself from the party over the past couple of years, was not at Modi's rally in Alipurduar on May 29. He had tried to put an end to speculation by saying he was a common worker and he left it to BJP "to recognise his contribution". You Can Also Check: Kolkata AQI | Weather in Kolkata | Bank Holidays in Kolkata | Public Holidays in Kolkata Differences of opinion with the state brass started to surface after Sukanta Majumdar was made Bengal BJP president in 2021. Ghosh's growing distance from leader of opposition Suvendu Adhikari also increased the discomfort in Bengal BJP. On social media, followers of Ghosh —' Dilipdar Sainik'— even referenced the Narada tapes and Adhikari's alleged involvement in them. The bitterness reached a peak during the Lok Sabha polls, when Ghosh was moved from his "preferred seat" Midnapore to contest from Bardhaman-Durgapur Lok Sabha constituency instead. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Sblocca il potenziale dell'S&P 500: scopri 5 motivi per investire eToro Market Updates Clicca qui Undo He pointed fingers at "conspiracy and back-biting" leading to his defeat. Adhikari tried to break the ice in Aug last year by inviting the former Bengal BJP president to his chamber at the assembly and celebrating his birthday. Differences cropped up again this year after Ghosh got married, much to the dismay of RSS. His presence at the inauguration of the Jagannath temple in Digha and meeting with CM Mamata Banerjee also drew sharp criticism from within the party. Ghosh's absence was also noticed at the programme for newly elected state president Samik Bhattacharya at Science City auditorium earlier this month. Bhattacharya, however, started bridging the gap with party veterans and called up Ghosh. After the latter met Bhattacharya at the party office, he vowed to remain a loyal soldier. Ghosh was then invited by a "big neta" to New Delhi, where he met the party's national general secretary Vinod Tawde and joint national general secretary (organisation) Shiv Prakash. "I have always remained loyal to the party and performed duties whenever the party needed me. I will continue to do so in the days to come," Ghosh said on Monday.
Time of India
2 days ago
- Business
- Time of India
Bahraich secures 9th spot in CM Dashboard reflecting strong governance
1 2 Bahraich: Bahraich has earned 9th spot in the overall CM Dashboard ranking released by the govt, reflecting remarkable administrative performance. The credit for this achievement is being attributed to district magistrate Monika Rani, who is known for her daily monitoring of govt schemes. According to the June 2025 report, six departments-- revenue, electricity, agriculture, rural development, health, animal husbandry, and industry secured a perfect 100% score in performance metrics. The revenue department secured the 2nd position across the state. "The departments scoring 100% deserve appreciation. Others must improve so that Bahraich can claim the top rank," said Monika Rani. Meanwhile under the Critical Gap Scheme for 2025-26, the state govt has released Rs 2 crore for developmental projects. Of this, Rs 1.4 crore will be used for rural development and Rs 60 lakh for urban development. Meanwhile during a review meeting, the DM approved the installation of 3 KVA solar plants and construction of boundary walls in rural cow shelters, with a total cost of Rs 1.4 lakh per site. She directed the concerned block development officers to submit the necessary cost estimates promptly. In the urban sector, Rs 40 lakh is being spent on constructing a video conferencing hall at the District Informatics Center. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like 5 motivi per cui gli investitori si rivolgono all'S&P 500 eToro Market Updates Scopri di più Undo The DM instructed district statistics officer Ghasi Ram to submit utilisation certificates for works executed under the 2022-23 and 2023-24 Critical Gap Scheme. She also directed BDOs to install depth markers in ponds and pits to prevent accidents during the monsoon. For Kanwar Yatra, Rani emphasized proper cleanliness, lighting and barricading arrangements at temples, ghats and pilgrimage routes. She ordered immediate rectification of any waterlogging issues along Kanwar paths. The meeting was attended by CDO Mukesh Chandra, BDOs among others.
CNBC
2 days ago
- Business
- CNBC
Dividend payouts could hit a record this year. These stocks are Wall Street's favorites
While dividend growth continued to slow in the second quarter, there is some encouraging news on what may lie ahead. The net change in dividends — the increases minus decreases — for domestic U.S. common stocks rose $7.4 billion in the second quarter of 2025, according to S & P Dow Jones Indices . That is significantly less than the $16 billion increase in the year-ago period and the $15.3 billion gain in the first quarter of this year, the firm found. Economic uncertainty may have had companies limiting the size of their dividend increases, but once policies become clear, they will be in a better position to adjust their business plans — which may include a higher commitment to dividends, said Howard Silverblatt, senior index analyst at S & P Dow Jones Indices. He anticipates the second half of 2025 could see stronger than historical averages for dividends. Help from banks "Q3 is expected to start out with an improvement from big banks as they continue to increase their dividends, helped by the Fed's recent positive stress test results ; the third quarter has the potential to set a new quarterly dividend payment record," Silverblatt said in a statement last week. "For 2025, the S & P 500 is expected to post a record payment, posting a 6% increase in dividend payments," he added. That is down from 8% anticipated before the year began and below the 6.4% increase in 2024. In 2023, dividends rose 5.1%, Silverblatt said. To be sure, dividends are not as favored as they once were and the yield on the S & P 500 is near all-time lows, Deutsche Bank said in a July 8 note. Instead, companies have turned to share buybacks, which overtook dividends in the mid-2000s as the primary way companies returned capital to shareholders, said Jim Reid, global head of macro and thematic research at Deutsche Bank. Buyback risk However, buybacks create more risk in the market, since they are discretionary, are often bought during market highs and may inflate corporate earnings, Reid explained. If a downturn hits, buybacks can stop much more quickly than dividends — and that can pull away a key pillar of market support, he said. "With dividend yields now approaching all-time lows, there's a case to be made that valuations and investor expectations have become stretched," Reid wrote. "In a crisis, the lack of durable income from dividends may matter more than markets currently appreciate." Still, there are some who think dividends will return to their former glory — or at least trend in that direction over time. Federated Hermes senior portfolio manager Daniel Peris, who wrote the book " The Ownership Dividend, " predicted on CNBC last year a major paradigm shift in the market as dividends come back in vogue. "Will we get back to the very, very high rate of companies that pay dividends as opposed to a much lower rate currently? Over time, yes," Peris said. In the meantime, for investors looking for dividends, there are still plenty of options available. Favorite dividend payers To find names that consistently grow their dividends and are favored by Wall Street, CNBC Pro screened for stocks in the Vanguard Dividend Appreciation ETF that are covered by at least 15 analysts and are rated buy by at least 55% of them, according to FactSet. The companies also have at least a $10 billion market cap and an upside to the average price target of 10% or more. Here are the names that made the cut. Bank of America has a dividend yield of 2.2% and 13% upside to the average price target. The Charlotte, N.C.-based money center bank recently raised its quarterly dividend by 8% to 28 cents, starting in the third quarter, after passing the Federal Reserve stress test, which measures banks' financial health in the event of an economic downturn. Bank of America is set to report second-quarter financial results on Wednesday. Shares have gained 7% year to date. BAC YTD mountain Bank of America year to date Coca-Cola is expected to release its latest results next week. In its last report in April, the soft drink maker beat analysts' expectations and largely reaffirmed its full-year outlook. Coke also called the effect of higher tariffs "manageable," but said it expects some short-term choppiness tied to trade conflicts. The stock is up 11.5% so far this year, has a 2.9% dividend yield and 13.5% upside to analysts' average price target. KO YTD mountain Coca-Cola year to date Procter & Gamble currently yields 2.7% and has 11.7% upside to the average price target. While the majority of analysts rate the stock a buy, there was one notable downgrade on Monday when Evercore ISI changed its rating to in line from outperform. The investment bank pointed to the loss of P & G market share on Amazon. . P & G hit a 52-week low on Monday and is down about 8% year to date. PG YTD mountain Procter & Gamble year to date
Kuwait Times
3 days ago
- Business
- Kuwait Times
Wall St Week Ahead Earnings, inflation data confront US stocks rally
NEW YORK: A rally that has taken US stocks to record highs will be tested in the coming week by the kick-off of corporate earnings season and a key inflation report as investors hope to learn more about the economic fallout from tariffs. The S&P 500 is little changed so far this week, but the benchmark stock index has surged 26 percent since April to all-time high levels. Stocks this week largely shrugged off President Donald Trump's threats of more aggressive tariffs on over 20 countries set to take effect August 1. Trump also announced plans for higher levies on copper, pharmaceuticals and semiconductors. 'Investors are looking toward the end of the year into next year where fundamentals are better, and they are willing to look through some short-term uncertainty as they get there,' said Chris Fasciano, chief market strategist at Commonwealth Financial Network. After a strong first-quarter reporting season helped lift stocks, analyst estimates for second-quarter results have weakened. S&P 500 companies are expected to have increased profits by 5.8 percent from the year-earlier period, down from an expectation of a 10.2 percent gain on April 1, according to LSEG IBES. The percentage of S&P 500 companies beating consensus estimates rose to 78 percent in the first quarter after the rate had declined the prior three quarters, Ned Davis Research analysts said. 'Another reading in the upper 70s would suggest that companies have a grasp not only on tariffs, but also on the broader macro environment,' the Ned Davis analysts said in a note. Reports from banks will dominate the week, including results from JPMorgan Chase, Bank of America and Goldman Sachs. Among the other major companies reporting next week are Netflix, Johnson & Johnson and 3M. In focus will be whether executives indicate if they are able to forecast and make decisions in areas such as capital investment and hiring despite the still-shifting trade backdrop, Fasciano said. 'The uncertainty hasn't gone away, but I'm curious to see how much of the uncertainty they feel they have a better understanding of in terms of longer-term plans,' Fasciano said. The impact of tariffs will also be at issue with the consumer price index for June, due on Tuesday, which will shed light on inflation trends. CPI is expected to increase 0.3 percent on a monthly basis, an acceleration from the prior month, according to economists polled by Reuters. A busy week of economic data will also be highlighted by monthly retail sales on Thursday. Investors are eager for the Federal Reserve to resume interest rate cuts, but central bank officials have cited worries that tariffs will drive inflation higher as reasons for holding off on changing monetary policy. The S&P 500 is up nearly 7 percent in 2025, just over halfway through the year. In the latest sign of positive stock momentum, Nvidia Corp this week became the first publicly traded company to hit $4 trillion in market value, fueled by a massive run for AI chipmaker's stock price. Stocks have rebounded after plunging in April following Trump's 'Liberation Day' announcement of sweeping global tariffs. This past Wednesday was expected to be a key deadline, marking the end of Trump's pause on many of the harsh 'reciprocal' tariffs he unveiled in April. This week, he launched an array of levies, many scheduled to take effect on August 1. Still, most investors appear to be banking on the US avoiding higher tariff rates as Washington strikes deals in coming weeks with trading partners such as Japan and South Korea, said Anthony Saglimbene, chief market strategist at Ameriprise Financial. 'That's what the market has built in,' Saglimbene said. 'If we don't get that, then I think there is probably some risk that we would see some higher near-term volatility if the White House actually implements some of these aggressive tariff measures.' — Reuters
