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The Strait of Hormuz and tanker insurance costs are “the two most critical near-term indicators’ of the market sustaining positive momentum.
The Strait of Hormuz conflict removed 16 to 20% of global crude supply from the market.
KEY POINTS
- Tibrewal expects $80 to $85 per barrel as the new normal for crude oil prices.
- Listed Indian companies are gaining market share and earnings from raw-material inflation.
- Non-US equity markets are now outperforming the US, marking a three-decade high in ex-US outperformance.
- Bond yields have spiked globally despite aggressive rate cuts, signaling persistent inflationary pressures.
COMPANIES
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