Page 47 - Latest Updates on Inflation
Investors brace for recession, more mkt turmoil after Fed's supersized hike
The S&P is down 22.2% year-to-date and is in a bear market
 "Investors brace for recession, more mkt turmoil after Fed's supersized hike")
India better placed than many others to avoid stagflation: RBI article
The article noted that global economic conditions continue to deteriorate as ratcheting up of commodity prices and financial market volatility have led to heightened uncertainty
 "India better placed than many others to avoid stagflation: RBI article")
Tomato rates up 44% in Delhi in 1 mth; avg price up 27% across major cities
Traders attributed the increase in prices to crop failure in South India. Tomatoes from North India got diverted to the south, affecting supplies in the Delhi region, they added
 "Tomato rates up 44% in Delhi in 1 mth; avg price up 27% across major cities")
Near-term pain to hit paint, cement stks; long-term outlook robust: Experts
Analysts have downgraded the related sectors, and have cut earnings estimates for FY23 and FY24 factoring the near-term challenges
 "Near-term pain to hit paint, cement stks; long-term outlook robust: Experts")
Five market breadth indicators that every cautious investor must know
In a note, IIFL Alternative Research has highlighted five market breadth indicators that signal extreme caution among investors
 "Five market breadth indicators that every cautious investor must know")
World's central banks got it wrong on inflation and economies pay the price
ECB President Christine Lagarde has lately also turned more hawkish than she previously indicated, and the Reserve Bank of Australia is among those raising rates faster than policy makers had signaled
 "World's central banks got it wrong on inflation and economies pay the price")
MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears
MicroStrategy CEO Michael Saylor said the software firm was capable of withstanding volatility in bitcoin prices after the token slumped to levels that triggered fears of possible liquidation
 "MicroStrategy can withstand bitcoin volatility: CEO amid margin call fears")
Will 75 bps US Fed rate hike trigger another market selloff?
Soaring inflation and recession fears pose a dilemma before the US Fed on the quantum of rate hikes without derailing growth. Find out if investors would be able to withstand the likely market rout
 "Will 75 bps US Fed rate hike trigger another market selloff?")
WPI inflation in May accelerates to 15.88% on higher food prices
The latest figure also makes it historically the highest in 31 years since September 1991 (16.31 per cent)
 "WPI inflation in May accelerates to 15.88% on higher food prices")
Austrian government presents package with measures to cushion inflation
The Austrian government presented a package of measures aimed at cushioning the impact of high inflation that includes 500-euro ($523) payments for all residents
 "Austrian government presents package with measures to cushion inflation")
Rupee is expected to trade sideways in the near term, says BS poll
At record low, rupee better off than peers; RBI may provide support to prevent sharp depreciation, says BS poll
 "Rupee is expected to trade sideways in the near term, says BS poll")
May CPI inflation cools down to 7.04% from eight-year high in April
The excise duty cuts for petrol and diesel and duty cuts on other items may have played a part in cooling inflation
 "May CPI inflation cools down to 7.04% from eight-year high in April")
'RBI much ahead in containing inflation but rate hike possible in Aug, Oct'
Core CPI also moderated in May to 6.09 per cent compared to 6.97 per cent in April, as per the SBI's research report 'Ecowrap'.
Rupee slides 11 paise against US dollar, breaches 78-mark for first time
The local unit finally settled at its all-time low of 78.04, down 11 paise over its previous close of 77.93
 "Rupee slides 11 paise against US dollar, breaches 78-mark for first time")
Extend GST compensation to states by 3-5 yrs more: Amit Mitra to Sitharaman
Unforeseen battle against pandemic has put states' fiscal health under huge stress, he says in letter to FM
 "Extend GST compensation to states by 3-5 yrs more: Amit Mitra to Sitharaman")
Oil dips on Beijing's Covid warning, fears of rate hikes to curb inflation
Brent crude was down $1.86, or 1.5%, to $120.15 at 0907 GMT, while US West Texas Intermediate crude was down $2.15, or 1.8%, at $118.52.
 "Oil dips on Beijing's Covid warning, fears of rate hikes to curb inflation")
Best of BS Opinion: Shifting cycle, global macro in 2022/2023, and more
Here are the top BS Opinion articles of the day
 "Best of BS Opinion: Shifting cycle, global macro in 2022/2023, and more")
What are the key global events markets will track this week?
Equity markets snapped their three-week winning streak last week after RBI hiked repo rate to bring down inflation. Delve into the key global events that investors will track this week
 "What are the key global events markets will track this week?")
Both customers and banks to feel pain in new regime
The banks have a balm for their pain. Probably, shifting to floating rate deposits can work as an anaesthetic gel for some of the customers
For the Modi government disinvestment hasn't been about earning money
The Modi government has earned twice as much from disinvestment as all previous governments combined have since 1991
