Banknotes featuring King Charles enter circulation; Indian stocks recover after election selloff – business live

Business, Stock markets, Commodities, Currencies, India elections 2024 Business | The Guardian

​New banknotes to replace current notes ‘very gradually;’ Indian shares rise after Tuesday’s selloff when Modi’s ruling BJP party lost its parliamentary majority Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.New banknotes featuring a portrait of King Charles III have entered circulation today, nearly two years after he succeeded the late Queen Elizabeth as head of state.This approach is in line with guidance from the Royal Household, to minimise the environmental and financial impact of this change. This means the public will begin to see the new King Charles III notes very gradually.While the BJP’s power may be diluted, it’s still intact. Momentum in the economy from the existing reforms is still strong and will not fade away.8.15am BST: Spain HCOB Services and Composite PMIs for May8.45am BST: Italy PMIs for May8.50am BST: France PMIs for May8.55am BST: Germany PMIs for May9am BST: Eurozone PMIs for May9.30am BST: UK S&P Global PMIs for May1.15pm BST: US ADP Employment for May2.45pm BST: Bank of Canada interest rate decision3pm BST: US ISM Services PMI for May Continue reading… 

New banknotes to replace current notes ‘very gradually;’ Indian shares rise after Tuesday’s selloff when Modi’s ruling BJP party lost its parliamentary majority

Good morning, and welcome to our rolling coverage of business, the financial markets, and the world economy.

New banknotes featuring a portrait of King Charles III have entered circulation today, nearly two years after he succeeded the late Queen Elizabeth as head of state.

This approach is in line with guidance from the Royal Household, to minimise the environmental and financial impact of this change. This means the public will begin to see the new King Charles III notes very gradually.

While the BJP’s power may be diluted, it’s still intact. Momentum in the economy from the existing reforms is still strong and will not fade away.

8.15am BST: Spain HCOB Services and Composite PMIs for May

8.45am BST: Italy PMIs for May

8.50am BST: France PMIs for May

8.55am BST: Germany PMIs for May

9am BST: Eurozone PMIs for May

9.30am BST: UK S&P Global PMIs for May

1.15pm BST: US ADP Employment for May

2.45pm BST: Bank of Canada interest rate decision

3pm BST: US ISM Services PMI for May

Continue reading… 

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