Your Business Planner This Week (May 28-June 2)

Fuel on fire: The northbound march of the petrol and diesel prices will be watched carefully. It rose for the 15th straight day, last week, as state-run oil marketers increased rates in line with crude oil prices. The price of petrol was at Rs 86.08 a litre in Mumbai, while diesel was Rs 73.64 a litre. Brent crude traded 0.6 percent lower at $76.02 per barrel on Friday.

US team in North Korea: Global markets might take a positive of the US team’s presence in North Korea to prepare for the Trump-Kim summit. This was announced by Trump in a tweet on Sunday.

GDP data: The GDP data for the period of January-March, 2018 to be released on May 31. India’s GDP grew 7.2 per cent in the third quarter (October – December 2017) on the back of a rebound in industrial activity, especially manufacturing and construction, and an expansion in agriculture.

Macro data: The government will release manufacturing sector data for the month of May on June 1. India’s factory growth accelerated in April on strong domestic demand and output.

Auto companies will start release their sales numbers for the month of May this week. The domestic demand has been positive and exports have been rising.

Rupee trails: The Rupee has fallen more than 6 per cent against the US dollar this year due to firming of crude prices and talk of a tighter Fed policy. On Friday, the currency ended its downward streak and made a comeback closing at 67.77, up 56 paise, the highest single-day rise since March 14, 2017 to end at .

Quarterly results: In the last leg of earnings, NTPC, NMDC and Oil India are slated to release their March quarter results on May 28 while BPCL and Coal India are expected to unveil theirs on May 29. Other companies which will announce results are Apex Froze, Aurobindo Pharma, Bank of India, Finolex Cables, GNA Axles, Mercator, NLC India, NMDC, Oil India

US jobs data: US non-farm payrolls data and US unemployment rate data for May 2018 will be released on June 1, 2018. The nonfarm payrolls increased by 164,000 in April lower than the estimated 192,000 jobs. However, the unemployment rate fell to 3.9 per cent in April, an 18-year low.

 

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