Thursday, 2 May 2013

Money Morning- 02-05-2013


Corporate News/Results Corner

· Jet fuel (ATF) prices were Wednesday cut by 5.3 percent, the second steep reduction in rates in one month – Positive for all airline service providers like Jet, Spicejet etc

· Car sales continue to tread the parched road; Cumulative sales volume drop 7% YoY in April

Macro Economic and Other News

· Core sector output growth falls in March

· India to grow at about 5.8% in FY14: IMF Deputy MD

International News

· China’s manufacturing growth expand at slower pace

· Fed maintains QE pace, prepared to alter

· ECB may cut interest rates as economy weakens further

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