Finance
Financial assets will continue on their road higher: Mark Matthews
If you must park your capital or your cash in simply two asset courses; one lengthy and one brief for the remainder of the yr over the following 12 months, the place will you go brief and the place will you go alongside?
I can’t consider many locations the place I see costs actually deserving to go down quite a bit as a result of those that had been extraordinarily overvalued say, a yr in the past, they’ve deflated fairly considerably. I feel we aren’t recommending one thing like a cryptocurrency or I have no idea what however anyway, no, I don’t see something to be very brief towards proper now. And broadly talking, I feel monetary belongings will proceed their street larger, particularly on condition that rates of interest have peaked in the US.I can perceive why gold goes larger however what I can’t perceive and I actually need to perceive and please assist me perceive, is why Bitcoin goes up?
I don’t perceive both however I’d simply say that the Bitcoin tends to be seen as a different foreign money, isn’t it, and so when you really feel the greenback goes to proceed to go down then you must suppose that Bitcoin is the inverse of that. I do probably not know what else to say other than that, it’s thought of a bit like a digital gold, if you’ll. So folks purchase it once they suppose the greenback goes to go down.
Warren Buffett on the Berkshire AGM did point out that US greenback is unlikely to lose its standing of a reserve foreign money as a result of there are not any options. If that’s the underlying thought that the US greenback is unlikely to lose its standing as a reverse foreign money, what implications do you suppose it can have on the greenback index after which on rising market currencies?
Effectively, the greenback has been the world’s reserve foreign money for a lot of a long time and but throughout these a long time it’s not been a a method road. It’s gone up and down like a yo-yo so I don’t suppose the reserve foreign money standing of the greenback, by definition, determines the place it’ll go.
So there are two features of a reserve foreign money primarily; one is a retailer of worth, one is a medium of trade and as a medium of trade, one may say that it’s most likely peaked and going to go down as a result of increasingly nations are saying they’re simply going to commerce amongst themselves.
However in the end, I don’t suppose Brazilian corporations, for instance, need to hold a variety of Renminbi. What are they going to do with that cash? They most likely will find yourself placing it in {dollars} and as a retailer of worth, effectively there simply actually usually are not sufficient options, which most likely explains why gold goes up as a result of there isn’t a yield in Japanese bonds, China’s foreign money is a managed foreign money and the bond market there may be not a lot transparency, so you don’t actually know what you might be holding.
I don’t suppose anyone has an excessive amount of curiosity in proudly owning heaps and plenty of Euros after which you’ve got some smaller currencies which are fairly first rate, just like the Australian greenback or the Canadian greenback however you can not personal hundreds and a great deal of them. So anyway, I do suppose most likely as a medium of trade the {dollars} significance goes to step by step decline however I don’t suppose that will likely be an enormous consider figuring out the place the greenback goes.
An important issue is the place the People are within the rate of interest cycle versus the Europeans and there I do suppose is a purpose for the greenback to go down as a result of People usually are not going to lift any charges extra and the Europeans will most likely elevate charges by one other 75 foundation factors from right here.
Finance
Yen traders heads up – Japan finance minister Suzuki denies bilateral meeting with Yellen | Forexlive
Bank of Japan Governor Ueda and Japan finance minister Suzuki spoke over the weekend, at the conclusion of the G7 meeting in Italy.
Suzuki said he hadn’t had a one-on-one meeting with US Treasury Secretary Yellen. Which seems to indicate no discussion on co-ordinated yen intervention took place. Prior to the weekend Suzuki’s offsider, Vice MInister for International Affairs Masato Kanda (the official who will instruct the BOJ to intervene, when he judges it necessary) had basically said there was no need for a meeting.
Earlier this month Yellen was not encouraging of the idea:
A few days later there was more cold shoulder from Yellen:
Not to hammer this point too much but Yellen repeated the same just last week, that intervention should be rare and well-telegraphed in advance.
So, it was only a Suzuki and Ueda tag team show after the G7.
Suzuki:
- Reaffirmed the G-7 commitments on foreign exchange
- Said that many factors are making contributions to increase in yields
- Warned against maintaining rates above zero
And with rising rates in Japan he also
- called against maintaining rates above zero… “We must be acutely aware that the world of positive interest rates has come … we will make progress in restoring fiscal health with more sense of urgency than ever.”
Bank of Japan Governor Ueda seemed happy to let Suzuki handle the gnarly issues, shrugging it all off with:
- Long-term bond yields are determined by financial markets in principle
- Will monitor fixed interest markets
Ueda didn’t talk about the rate path ahead, nor did he specify much on the chances of trimming back on Japanese Government Bond bond purchases at the next policy meeting (this is in June).
Bank of Japan Governor Ueda and Finance Minister Suzuki.
—
G7 finance leaders met this Friday and Saturday in Stresa, Italy.
G7 member States are Canada, France, Germany, Italy, Japan, the UK, and the US. The EU participates in all discussions as a guest.
SRG Housing Finance Q4 Results Live : SRG Housing Finance announced their Q4 results on 23 May, 2024, showcasing a significant growth in their financial performance.
The company reported a 38.64% increase in revenue and a 45.65% rise in profit year-over-year.
Quarter-on-quarter comparison also revealed positive growth, with revenue growing by 13.89% and profit increasing by 14.46%.
However, the Selling, general & administrative expenses saw a noticeable increase, rising by 8.82% sequentially and 43.86% year-on-year.
Similarly, the operating income also showed a positive trend, with an 18.1% increase quarter-on-quarter and a 42.73% rise year-on-year.
The Earnings Per Share (EPS) for Q4 stood at ₹4.72, marking a 29.67% increase year-on-year.
In terms of market performance, SRG Housing Finance delivered a 2.84% return in the last week, 0.87% return in the last 6 months, and a 1.99% year-to-date return.
The company currently holds a market cap of ₹378.12 Cr, with a 52-week high/low of ₹336.75 and ₹230 respectively.
| Period | Q4 | Q3 | Q-o-Q Growth | Q4 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 36.15 | 31.74 | +13.89% | 26.07 | +38.64% |
| Selling/ General/ Admin Expenses Total | 7.64 | 7.02 | +8.82% | 5.31 | +43.86% |
| Depreciation/ Amortization | 1.71 | 1.58 | +7.86% | 0.97 | +76.31% |
| Total Operating Expense | 28.79 | 25.51 | +12.86% | 20.92 | +37.63% |
| Operating Income | 7.35 | 6.23 | +18.1% | 5.15 | +42.73% |
| Net Income Before Taxes | 7.61 | 6.7 | +13.64% | 5.37 | +41.65% |
| Net Income | 6.09 | 5.32 | +14.46% | 4.18 | +45.65% |
| Diluted Normalized EPS | 4.72 | 4.09 | +15.33% | 3.64 | +29.67% |
FAQs
Question : What is the Q4 profit/Loss as per company?
Ans : ₹6.09Cr
Question : What is Q4 revenue?
Ans : ₹36.15Cr
Stay updated on quarterly results with our results calendar
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Published: 26 May 2024, 02:27 AM IST
Stock photo: Getty Images
The G7 finance ministers supported the idea of providing Ukraine with a loan secured by profits from frozen Russian assets to ensure funding for Kyiv after 2024.
Source: Financial Times, citing the draft communiqué of the ministers’ meeting, as reported by European Pravda
The ministers’ discussions were based on a US proposal, which was circulated before the meeting in the Italian city of Stresa, to issue Ukraine a loan of about US$50 billion, to be repaid from the profits of the Russian central bank’s assets amounting to around €190 billion.
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The ministers stated that they were “making progress” in working out options to “bring forward” the profits, according to the draft communiqué. They added that options for structuring the loan would be presented to the G7 leaders before the June summit.
They also promised to continue pressuring China to reduce industrial subsidies that they believe are driving Western competitors out of business, and stated that implementing the most significant global tax agreement in more than a century is a “top priority”.
The G7, a group of advanced economies that includes all major Western allies of Ukraine, aims to ensure funding for Kyiv in the long term, even after this year when crucial elections will take place on both sides of the Atlantic.
According to people familiar with the negotiations, many details of the loan are yet to be agreed upon, including the amount, who will issue it, and how it will be guaranteed in case of Ukraine’s default or if the profits do not materialise.
One official mentioned that Europeans are particularly concerned about “fair-risk sharing”, fearing that Europe will bear the brunt of the financial and legal risks and potential retaliatory actions from Russia, as most of the assets are located on the continent.
This week, the EU officially approved a plan to use interest from frozen Russian assets, which, according to estimates, could bring up to three billion euros per year to Ukraine.
Background:
- In February, the United States argued that G7 countries should fully seize frozen assets, but later abandoned this idea due to concerns from allies that it could set a dangerous legal precedent and prompt retaliatory measures from Russia.
- Earlier, Minister of Foreign Affairs Dmytro Kuleba stated that Ukraine insists on the confiscation and transfer to Ukraine of all frozen assets of the Russian Federation held in the West.
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