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At this rate, instead of buying passive funds that track the MSCI index, investors might as well just pile into China’s version of FAANG, known locally as ATM: Alibaba Group Holding Ltd., Tencent Holdings Ltd. and food delivery super-app Meituan Dianping.
CCI probe against cement cos a near-term negative: Motilal OswalMotilal Oswal remains positive on the sector on the back of improving demand and utilisation and rated UltraTech Cement as its top pick among the large-caps.
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… Read MoreCompany profits rising mainly on back of wage squeeze: Nouriel RoubiniThe growth of earnings through Q3 (September quarter) has been for the listed companies, plus 25%. If output falls and earnings and profits are going up by 25%, it means that wages and labour income are being squeezed, if not… Read MoreETMarkets Morning Podcast: Desi banks rush to embrace bitcoin
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… Read MoreAsian markets wary over stimulus, pandemic concernsAustralian S&P/ASX 200 futures were down 0.54 per cent in early trading, while Japan's Nikkei 225 futures were up 0.09 per cent. Hong Kong's Hang Seng index futures were up 0.44 per cent.
from Stocks-Markets-Economic Tim… Read MoreBuy or Sell: Stock ideas by experts for December 11, 2020
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