Wall Street Week Ahead: After first-half rally, stocks' July winning streak on the line https://ift.tt/sDxQ2cN the U.S. stock market enters a historically strong month, investors are cautiously optimistic. The S&P 500 and Nasdaq Composite have shown significant gains in the first half of the year, defying recession fears and banking crises. However, uncertainty looms as the Federal Reserve plans to raise interest rates. Investors will closely monitor employment data, second-quarter corporate results, and the consumer price index report for insights into the state of the economy. Rising bond yields and concerns about economic fallout from rate hikes have some investors skeptical about the rally's sustainability.
Government's cash surplus tops Rs 3.4 lakh crore https://ift.tt/54P3HSG from the deceleration in government spending, higher direct tax collections and a likely sharp rise in issuances of Treasury Bills by the Centre in FY24 were factors pushing up the government's cash balances, analysts said. The flow of government cash balances to and from the banking system is a key factor that influences liquidity conditions.
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