Latest news with #ConsumerPriceInflation
Time of India
13-07-2025
- Business
- Time of India
Gold market outlook: Prices to stay firm next week; risk aversion, weak dollar to fuel gains
Representative image Gold prices are expected to remain firm in the upcoming week, supported by heightened global risk aversion, sustained weakness in the US dollar index, and a series of trade-related developments as key supporting factors, analysts said. They further added that investors will be focusing on key US data releases, including Consumer Price Inflation (CPI) and retail sales figures, which could offer further cues for bullion prices. Jateen Trivedi, VP, research analyst, commodity and currency at LKP Securities, said gold is likely to remain strong as long as it stays above Rs 97,000 per 10 grams on the MCX. 'Renewed trade tariff jitters and continued weakness in the dollar index are amplifying global risk aversion, prompting a shift away from risky assets toward safe-haven instruments like bullion,' Trivedi said, adding that a weak rupee may further support the upward trajectory of the yellow metal's price. Last week, the yellow metal futures for August delivery rose Rs 842, or 0.86 per cent, on the Multi Commodity Exchange (MCX). Hareesh V, head of commodity research at Geojit Investments, said gold started the week on a weaker note as easing tensions between Israel and Iran, along with stronger-than-expected US non-farm payroll data, dampened safe-haven demand. However, prices rebounded after US President Donald Trump imposed fresh tariffs ranging from 35 to 50% on Canada and Brazil, reigniting fears of a trade war and lifting bullion demand. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Esta IA está generando ingresos (Ver más) Finanzas y economía Empieza ahora Undo Traders are also watching the ongoing negotiations between India and the US for a potential trade deal, which could influence market sentiment, Hareesh V said, quoted by PTI. Prathamesh Mallya, DVP, Research, Non-Agri Commodities and Currencies at Angel One, said gold prices have surged nearly 3 per cent on the MCX, rising from Rs 94,951 per 10 grams on June 27 to Rs 97,830 on July 11. Internationally, Comex gold futures have jumped around 2.8% over the same period. Mallya attributed the gains to the Trump administration's aggressive tariff stance on commodities like copper, aluminium, and pharmaceuticals. President Trump's signal that the August 1 tariff deadline will not be extended has added to market uncertainty. 'Gold typically performs well during such periods of elevated risk,' Mallya said, projecting a possible move towards $3,500 per ounce and Rs 1,00,000 per 10 grams on the MCX in the near term. On Friday, Comex gold futures for August delivery rose $38.30, or 1.15%, to close at $3,364 per ounce. N S Ramaswamy, head of commodities and CRM at Ventura, said gold's key resistance of $3,360 has been tested and a decisive break could trigger further gains, even as the US dollar remains firm and on a recovery path. Geopolitical tensions, including potential US sanctions on Russia and the threat of more tariffs, could continue to support gold's appeal as a safe-haven asset, Ramaswamy added. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
01-07-2025
- Business
- The Hindu
Tamil Nadu government to absorb the burden of the hike in electricity tariff through subsidy for domestic consumers
The Tamil Nadu Electricity Regulatory Commission (TNERC) has issued the new tariff order for the financial year 2025-26 based on the Consumer Price Inflation (CPI) index which will come into effect from Tuesday (July 1). As per the TNERC tariff order the escalation rate of the CPI has arrived at 3.16% based on the CPI index of April this year against April last year. However, the TNERC order has stated that the State government through a letter dated June 30 has issued a policy directive to compensate for the revenue loss to Tamil Nadu Power Distribution Corporation Limited (TNPDCL) through subsidies instead of passing the burden on to various categories of consumers. As per the new tariff order, the energy charges have increased from 0.15 paise to 0.35 paise for domestic consumers consuming `between 400 units to more than 1,000 units bi-monthly. There is also a minor price hike for electricity consumers for cottage and micro industries, power looms, industries and information technology services, construction activities, and electric vehicle charging stations. According to a press release issued by Transport and Electricity Minister S.S. Sivasankaran, the State government would be bearing an additional burden of ₹519.84 crore due to the new tariff revision issued for various sets of electricity consumers. In addition bearing the hike announced for domestic consumers, the State government would be bearing the additional price hike for cottage and tiny industries, power loom consumers, and industrial consumers consuming upto 50 kilowatt (KW). A total of 2.83 crore electricity consumers are in the State.
The Hindu
30-06-2025
- Business
- The Hindu
State government to absorb the burden of the hike in electricity tariff through subsidy for domestic consumers
The Tamil Nadu Electricity Regulatory Commission (TNERC) has issued the new tariff order for the financial year 2025-26 based on the Consumer Price Inflation (CPI) index which will come into effect from Tuesday (July 1). As per the TNERC tariff order the escalation rate of the CPI has arrived at 3.16% based on the CPI index of April this year against April last year. However, the TNERC order has stated that the State government through a letter dated June 30 has issued a policy directive to compensate for the revenue loss to Tamil Nadu Power Distribution Corporation Limited (TNPDCL) through subsidies instead of passing the burden on to various categories of consumers. As per the new tariff order, the energy charges have increased from 0.15 paise to 0.35 paise for domestic consumers consuming `between 400 units to more than 1,000 units bi-monthly. There is also a minor price hike for electricity consumers for cottage and micro industries, power looms, industries and information technology services, construction activities, and electric vehicle charging stations. According to a press release issued by Transport and Electricity Minister S.S. Sivasankaran, the State government would be bearing an additional burden of ₹519.84 crore due to the new tariff revision issued for various sets of electricity consumers. In addition bearing the hike announced for domestic consumers, the State government would be bearing the additional price hike for cottage and tiny industries, power loom consumers, and industrial consumers consuming upto 50 kilowatt (KW). A total of 2.83 crore electricity consumers are in the State.
Daily Record
20-06-2025
- Business
- Daily Record
Take online 'PIP test' to see if DWP changes next year could affect your payments
An independent benefits forum has updated its online PIP test to include proposed changes to the daily living component. The planned welfare reforms from the Department for Work and Pensions (DWP) have left many people on Personal Independence Payment (PIP) and Universal Credit worried about the future of their payment award. If the proposals are passed into legislation this November, they will come into force in November 2026. PIP payments will continue to rise each year in-line with the September Consumer Price Inflation (CPI) rate, however, assessments will change and the eligibility criteria is set to get tougher. To qualify for the daily living component of PIP, new and existing claimants will need to score four points in at least one of the 10 questions - and at least another four (in any combination) across the rest of the sections - to qualify for the standard rate. To help people who may be a bit confused by the proposed change, the team of benefits experts at the independent forum Benefits and Work, have tweaked their online 'PIP test' to incorporate the proposed scoring system. This will help people find out whether they would qualify for the daily living component before the planned changes are implemented. The Benefits and Work website explains: 'We know from comments and emails that a lot of people are confused about how Labour's proposed new PIP scoring system works. So we've created an online test to allow you to try the scoring system for yourself. 'You can try the test as many times as you want either anonymously or, if you prefer, provide your email address and get the results sent to your inbox as well as appearing onscreen.' It's important to be aware the proposed changes will not be applied to the mobility component, it will remain the same. Nearly 500,000 people in Scotland in receipt of Adult Disability Payment (ADP) will not be affected by changes to PIP. All remaining PIP claimants living in Scotland will transfer to the devolved IT system before the end of this year. There are 10 questions on the daily living part of the PIP 2 evidence form. Each of the questions has a list of responses, known as descriptors, whichever descriptor you choose is awarded points. To qualify for the daily living component, you need at least eight points for the standard rate and 12 or more for the enhanced rate. But you would need to get a score of at least four in one of those questions to qualify. Benefits and Work explained: 'If you select 4 descriptors scoring two points each, that will be 8 points but it will not qualify for an award. 'But if you select one descriptor scoring 4 points and two descriptors scoring 2 points, that will be 8 points and you will qualify for an award.' You can take the new 'PIP test' online here. The latest figures from the DWP show at the end of April more that 3.7 million people were in claim for PIP, which is now worth between £114.8 and £737.20 every four weeks. Daily living component for PIP You might get the daily living component of PIP if you need help with: eating, drinking or preparing food washing, bathing, using the toilet, managing incontinence dressing and undressing talking, listening, reading and understanding managing your medicines or treatments making decisions about money mixing with other people How difficulty with tasks is assessed The DWP will assess how difficult you find daily living and mobility tasks. For each task, the DWP will look at: whether you can do it safely how long it takes you how often your condition affects this activity whether you need help to do it, from a person or using extra equipment The descriptors Your ability to carry out each activity is measured against a list of standard statements describing what you can or cannot do. These are known as the descriptors. The health professional will advise the DWP which descriptor applies to you for each activity. The Citizen's Advice website has a whole section dedicated to this along with a downloadable guide to all the points awarded for each response - you can view this here. An example they use is there are six descriptors for 'Dressing and undressing', ranging from 'Can dress and undress unaided' to 'Cannot dress or undress at all'. Each descriptor carries a points score ranging from 0 to 12. Using aids or appliances Your ability to carry out the daily living activities and the mobility activities will be assessed as if you were wearing or using any aids or appliances it would be reasonable for you to use. This applies whether or not you normally use those aids or appliances. However, if you use or need aids and appliances, this can help you to score more points - find out more here. Citizens Advice explains: 'An aid is any item which improves, provides or replaces impaired physical or mental function. It doesn't have to be specially designed as a disability aid. Examples include a stool you need to sit on when cooking, or a walking stick to help you stand.' Daily living scores Citizens Advice explains to get the daily living component of PIP, you must have a physical or mental condition that limits your ability to carry out some or all of the activities below. The maximum amount of PIP points that can be awarded for that question are shown. Daily living activity: Preparing food - 8 Taking medication - 10 Managing therapy or monitoring a health condition - 8 Washing and bathing - 8 Managing toilet needs or incontinence - 8 Dressing and undressing - 8 Communicating verbally - 12 Reading and understanding symbols and words - 8 Engaging with other people face to face - 8 Making budgeting decisions - 6 PIP payment rates A successful claim for PIP is currently worth between £28.70 and £184.30 each week in additional financial support. As the benefit is paid every four weeks, this amounts to between £114.80 and £737.20 every payment period. You will be paid the following amounts per week, depending on your award level: Daily Living Component Enhanced: £110.40 Standard: £73.90 Mobility Component Enhanced: £77.05 Standard: £29.20 Article continues below Find out more about PIP on here.
Yahoo
10-06-2025
- Business
- Yahoo
The Zacks Analyst Blog Highlights Compagnie de Saint-Gobain, Natwest and Lonza
Chicago, IL – June 10, 2025 – announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Compagnie de Saint-Gobain - Unsponsored ADR CODYY, Natwest Group NWG and Lonza Group LZAGY. What is in play in the Global Week Ahead? Uncertainty from Washington D.C.'s tariff tactics remains rife. But investors realize: whatever U.S. President Donald Trump threatens doesn't tend to last long before he delays or backs down, meaning recent volatility has ebbed. This tendency to U-turn, dubbed the TACO trade — "Trump Always Chickens Out" — has caught on. But it's also given investors something to bank on. So, they can focus on upcoming reads on Consumer Price Inflation (CPI) and trade. (1) The TACO trade is a meaningful geopolitical concept The high-voltage volatility that shook markets in April and through May has subsided, with investors becoming accustomed to Trump's on-again-off-again approach to anything from tariffs to personal relationships — the meltdown with erstwhile DOGE chief and Tesla (TSLA) CEO Elon Musk being the latest. Wall Street's fear-gauge, the VIX index, has slipped back below the 20-line that many view as a watermark. Since Trump became the 47th president on January 20th, the index has topped 20 on 47 occasions. In the five months prior to that, it breached that level 18 times. In the last month, there have been just seven days when the VIX has popped above 20, compared with every day from April 2 "Liberation Day" to early May. If anything, the TACO trade is taking some spice out of the market. (2) Wednesday at 8:30 am EST, the May U.S. consumer inflation (CPI) data lands. Investors are hoping any rise in Wednesday's May consumer inflation report won't be as severe as feared, given Trump's erratic trade tactics. Recent data shows inflation falling close to the Federal Reserve's +2.0% target. Price pressures in manufacturing and services sectors are picking up, however. A good gauge of markets' long-term inflation view indicates only moderate concern. The inflation breakeven rate on five-year Treasury Inflation Protected Securities suggests investors believe the rate will average less than 0.3 percentage points above the target for the next five years. The Fed's most recent Beige Book showed economic activity is weakening, while costs and prices are rising across the different regions — a combination policymakers do not want to see. Traders expect the Fed to make no rate change at its June 18th meeting. (3) On Monday, macro data from Mainland China focuses markets on trade issues. Washington and Beijing's trade spat has brought a familiar issue back to the surface. China has a stranglehold on global supply of so-called rare earths, critical ingredients in almost every high-tech device out there, from cars to cruise missiles. When China cuts off supply, everything withers. The auto industry is feeling it. Suzuki suspended production of the Swift subcompact, weeks after Ford (F) did the same for its Explorer SUV. The White House has blasted Beijing for reneging on tariff rollbacks agreed in Geneva last month, but China is doing the same, lambasting the U.S. over revoked student visas and cutting-edge chip curbs. Chinese trade data on Monday will illuminate what's at stake, while inflation figures that day will show if Beijing's efforts to stoke domestic demand are working. (4) On Friday, macro data from the European Union will focus on trade there. April trade data for the European Union on Friday, June 13th could offer a reasonably clean read on where things stood as Trump's on-off tariffs began to roll out. The E.U. is firmly in the U.S. president's crosshairs. Trump has said more than once the sole purpose of the E.U. is to "take advantage" of America, on the grounds that his country boasts a $200 billion trade deficit with the bloc in goods alone, making the E.U. its second-biggest goods trade partner behind China. E.U. sales of cars, steel, pharmaceuticals and luxury goods and apparel among other things are big business. Trump on May 23rd said he would impose a 50% tariff on all E.U. imports, only to back down two days later by delaying the duties by a month after a "very nice call" with European Commission President Ursula von der Leyen. (5) On Wednesday, the U.K. government presents a spending review. Bond vigilantes know this. Britain, often a prime target for bond vigilantes that attack indebted governments for financial mismanagement, has been pushed into these traders' peripheral vision by U.S. budget concerns. The Labour government's first spending review on Wednesday could bring the UK back into the spotlight. Even if finance minister Rachel Reeves manages to slash departmental spending, this will merely highlight how few cost-cutting options she has left, Bank of America says. U.K. public debt has swelled, leaving Reeves minimal headroom to avoid breaking self-imposed fiscal rules and less able to resist tax hikes. Still, businesses and borrowers still scarred by the gilt market riot after then Prime Minister Liz Truss' 2022 mini-budget may prefer higher taxes if that lowers the odds of bond vigilantes showing up. I picked three large cap European stocks from our #1 list this week. (1) Compagnie de Saint-Gobain - Unsponsored ADR: This is a $23 a share stock, with a market capitalization of $57.5B. The company operates in the Zacks Building Products-Miscellaneous industry. I see a Zacks Value score of B, a Zacks Growth score of B, and a Zacks Momentum score of F. Compagnie de Saint-Gobain S.A. designs, manufactures and distributes materials and solutions for the construction and industrial markets. The company offers glazing solutions for buildings and vehicles under the Saint-Gobain, GlassSolutions, Vetrotech and SageGlass brands; plaster-based products for construction and renovation markets. Compagnie de Saint-Gobain S.A. is based in Courbevoie, France. (2) Natwest Group: This is a $14 a share stock, with a market capitalization of $57.5B. The company operates in the Zacks Foreign Bank industry. I see a Zacks Value score of F, a Zacks Growth score of D and a Zacks Momentum score of B. Natwest Group plc operates as a banking and financial services company. It provides personal and business banking, consumer loans, asset and invoice finances, commercial and residential mortgages, credit cards and financial planning services, as well as life, personal and income protection insurance. Natwest Group plc, formerly known as The Royal Bank of Scotland Group plc, is based in Edinburgh, the United Kingdom. (3) Lonza Group: This is a $68 a share stock, with a market capitalization of $49.2B. The company operates in the Zacks Medical Products industry. I see a Zacks Value score of D, a Zacks Growth score of C, and a Zacks Momentum score of B. Lonza Group AG operates as a supplier to the pharmaceutical, healthcare and life-science industries. The company divides its activities into four divisions: Life Science Ingredients; Microbial Control; Custom Manufacturing, and Bioscience. · The company's Life Science Ingredients segment produces nutrition ingredients for applications in nutrition (food, feed and pharmaceutical application) and chemical intermediates for the agricultural industry. · The Microbial Control division focuses on five areas: hygiene, wood protection, water treatment, oil/gas applications, and industrial preservation and comprises products ranging from disinfectants to household cleaning products. · TheCustom Manufacturing division comprises products used in pharmaceuticals sector. · The Bioscience division comprises bioscience products, including cell culture and molecular biology tools for research, tests for microbial detection, and media used in the production of therapeutics. Lonza Group AG is headquartered in Basel, Switzerland. Why Haven't You Looked at Zacks' Top Stocks? Since 2000, our top stock-picking strategies have blown away the S&P's +7.7% average gain per year. Amazingly, they soared with average gains of +48.4%, +50.2% and +56.7% per year. Today you can access their live picks without cost or obligation. See Stocks Free >> Zacks Investment Research 800-767-3771 ext. 9339 support@ Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. 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Click to get this free report Lonza Group Ag (LZAGY) : Free Stock Analysis Report NatWest Group plc (NWG) : Free Stock Analysis Report Compagnie de Saint-Gobain - Unsponsored ADR (CODYY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
