Metals Stocks O utlook For The Week - 14 To 18.01.2019
Stocks of metal companies are seen moving in a thin range next week, after reports that China, the largest producer of metals, may lower its GDP outlook for 2019 to 6-6.5% from 6.5%, and keep consumer inflation target at 3%. A trade rift between China and the US weighed on growth prospects for the former and weakened domestic demand. Market participants will also keep an eye on the Oct-Dec earnings of metal companies. Shares of Vedanta Ltd will be in focus after it said it would approach the Tamil Nadu government to secure the approvals necessary to reopen its copper smelter in the state.
Source : Cogencis Information Services Ltd.
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Stocks of metal companies are seen moving in a thin range next week, after reports that China, the largest producer of metals, may lower its GDP outlook for 2019 to 6-6.5% from 6.5%, and keep consumer inflation target at 3%. A trade rift between China and the US weighed on growth prospects for the former and weakened domestic demand. Market participants will also keep an eye on the Oct-Dec earnings of metal companies. Shares of Vedanta Ltd will be in focus after it said it would approach the Tamil Nadu government to secure the approvals necessary to reopen its copper smelter in the state.
Source : Cogencis Information Services Ltd.
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