Page 36 - Latest Updates on Inflation
China consumer inflation in July reaches 2-year high as pork costs surge
The consumer price index in China rose 2.7% last month from a year earlier as pork prices surged 20.2%
 "China consumer inflation in July reaches 2-year high as pork costs surge")
Need to watch out for inflation impact: Bajaj Allianz General Insurance CEO
The general insurance industry has reported sound growth in the first quarter (Q1) of financial year 2022-23 (FY23) thanks to group health and motor businesses
 "Need to watch out for inflation impact: Bajaj Allianz General Insurance CEO")
Parents' income, child's record count in getting education loan: Experts
Students joining a professional course at a top-notch college will find it easier to get approval
 "Parents' income, child's record count in getting education loan: Experts")
US indices struggle amid recession fears; Micron says sales may come down
Chipmaker Micron Tech says sales likely to come down; inflation data today
 "US indices struggle amid recession fears; Micron says sales may come down")
Europe shares mixed after Asian markets decline on tech downturn
Such worries are coming on top of concerns about inflation and what central banks might do to curb that trend. Higher interest rates tend to work as a minus for share prices.
 "Europe shares mixed after Asian markets decline on tech downturn")
Gold eases as investors await US inflation data due later this week
Gold prices edged lower on Tuesday as investors awaited U.S. inflation data due later in the week that could offer more clarity on the Federal Reserve's rate-hike plans to combat rising prices.
 "Gold eases as investors await US inflation data due later this week")
The employment-income crisis
Reforms of the education and skill continuum could usher in an Indian miracle
 "The employment-income crisis")
New terms of trade
Policy establishment should build capacity
 "New terms of trade")
Job demand stays flat in July amidst fears of global recession: Report
The report further revealed that tier-II cities are now frontrunners in hiring with Coimbatore and Ahmedabad, indicating growing demand for talent across segments.
 "Job demand stays flat in July amidst fears of global recession: Report")
Sensex soars 465 pts, Nifty tops 17,500; all except PSBs rally; SBI dips 2%
CLOSING BELL: Coal India, M&M, Bajaj Finserv, HDFC Bank, Hindalco, Axis Bank, NTPC, L&T, HDFC, Dr Reddy's Labs, RIL, IndusInd Bank, and Apollo Hospitals were the top gainers on the 50-pack index today
 "Sensex soars 465 pts, Nifty tops 17,500; all except PSBs rally; SBI dips 2%")
Latest RBI survey shows household inflation expectations eased 80 bps
Households' 3-month, one-year inflation expectations fell 50 bps, 60 bps
 "Latest RBI survey shows household inflation expectations eased 80 bps")
Best of BS Opinion: Normalising policy, 'Moonlighting' officially, and more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: Normalising policy, 'Moonlighting' officially, and more")
Equity, debt markets' strategy post RBI's rate hike decision
Bond prices fell sharply while the equities rallied after the RBI's rate hike on Friday. Our next report tells us how the increase in repo rate will affect both these asset classes
 "Equity, debt markets' strategy post RBI's rate hike decision")
At 13.8% gains, India best-performing stock market since June lows
The benchmark Nifty50 Index has gained the most among major global markets, soaring 13.8 per cent since June 17, when it had dropped to its lowest levels in 13 months
 "At 13.8% gains, India best-performing stock market since June lows")
Normalising policy
The pace of rate hikes could moderate
 "Normalising policy")
Steel players' hopeful of export duty withdraw; okay with capex plans
Export duty imposed on certain steel products recently will not force steel makers to review their capital expenditure plans as top producers expect it to be a "short-term" move to stabilise inflation
 "Steel players' hopeful of export duty withdraw; okay with capex plans")
Japan PM Kishida to reshuffle Cabinet amid Taiwan, inflation concerns
Japanese PM Fumio Kishida, announced he will likely reshuffle his Cabinet the next week to address a variety of issues including heightened tensions in the Taiwan Strait
 "Japan PM Kishida to reshuffle Cabinet amid Taiwan, inflation concerns")
Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood
The US Fed raised the target range for the federal funds rate by another 75 bps to 2.25-2.50 per cent in its July meeting. The FOMC statement has downgraded its assessment of the economic situation
 "Markets are now pricing in 50bps US Fed rate cut in 2023: Chris Wood")
Need to address gap due to India's jobless growth, says Anand Mahindra
On inflation, he said that though it's a concern from the business angle, it can nevertheless provide a minimum threshold of returns on productive assets
 "Need to address gap due to India's jobless growth, says Anand Mahindra")
RBI stays hawkish in fight against inflation; MPC reverses Covid-era cuts
RBI hikes repo rate by 50 bps, keeps FY23 inflation, growth forecasts at 6.7% & 7.2%; home loan rates set to exceed 8%
 "RBI stays hawkish in fight against inflation; MPC reverses Covid-era cuts")
