A rally in the US markets amid hope of a softer central bank (US Fed) action going ahead, analysts believe, has the potential to fuel a rally in other global equity markets, including India
The German economy grew in the third quarter, an unexpectedly positive performance powered largely by private spending, official figures showed Friday. But the immediate outlook for Europe's biggest economy remained gloomy, with inflation rising again in October. Gross domestic product expanded by 0.3% in the July-September period compared with the previous quarter, the Federal Statistical Office said. That followed a slight increase of 0.1% in the second quarter. The German economy managed to hold its ground despite difficult framework conditions of the global economy, with the continuing COVID-19 pandemic, supply chain interruptions, rising prices and the war in Ukraine, the statistics office said. The government said earlier this month that GDP was believed to have shrunk in the third quarter and was expected to decline again in the last three months of the year as well as the first three months of 2023 before beginning to recover. Two consecutive quarters of negative growth i
Country has to tailor its actions in response to international crises, says economist and former deputy governor of RBI
Bitcoin rose by almost 4 per cent after dropping to its lowest at $18,300 post-US inflation data was released
Alternatives to tightening, including global coordination, must be explored
Low prices and the underlying demand for the yellow metal, coupled with high inflation are positives
Aggressive rate hikes by central banks globally to tame soaring inflation may prove counterproductive in the short run, Emkay Wealth Management said on Wednesday. Underlining that geopolitical tensions, soaring crude oil prices and worries around recession in the developed countries are some of the major risks threatening the markets, Emkay Wealth Management however said India fears no major risks. However, there are risks related to slowing of exports and currency depreciation, the company said during a webinar. The Indian rupee plunged to an all-time low of Rs 81.93 per dollar on Wednesday. "Inflation has become a concern for most major economies, and central banks are resorting to aggressive rate hikes. This move could push up inflationary pressures, proving counterproductive in the short run. The dollar index and crude are the two key indicators to watch out for in the next few quarters," Joseph K Thomas, Head of Research, Emkay Wealth Management said. Central banks across th
Until the S&P BSE Sensex and Nifty50 do not break 57,000 and 17,000 levels, there are higher changes of touching 64,000 and 19,000 levels.
Rates raised from Britain to Indonesia after Fed's Wednesday move; investors price in bigger hikes from ECB; Japan steps in as yen plummets; emerging market currencies under pressure
Though the recent rally in domestic equities has turned the markets expensive relative to peers, analysts still suggest investors focus on Indian equity markets
Most global markets have staged a smart recovery since their June 2022 lows. The S&P BSE Sensex has outperformed its peers with a rise of around 13 per cent since then
Global equity funds remained out of favour in the seven days to Sept 7 as a strong US services industry report fuelled concerns that the Fed would keep hiking interest rates to tame inflation
Subdued demand from developed countries and blocs like the US and EU is impacting exports of key sectors including engineering, gems and jewellery and may have implications on India's exports in case the global situation does not improve in coming months. Global inflation, Russia-Ukraine war, simmering China-Taiwan crisis and supply disruptions are hurting economic growth worldwide, leading to poor demand, experts say. The world merchandise trade volume is expected to grow 3 per cent in 2022 against the earlier forecast of 4.7 per cent, mainly due to the ongoing war between Russia and Ukraine, according to the World Trade Organization forecast, released in April. Organisation for Economic Cooperation and Development (OECD), a grouping of developed nations, has stated that G-20 merchandise trade growth has slowed markedly in value terms in second quarter of 2022 (April-June). Exporters are keeping their fingers crossed over the country's exports growth and are hopeful that the ...
China's exports and imports lost momentum in August with growth significantly missing forecasts as surging inflation crippled overseas demand and fresh COVID curbs and heatwaves disrupted output
Spot gold rose 0.3% to $1,742.83 per ounce by 10:09 a.m. ET (1409 GMT). Prices touched their lowest since July 27 at $1,719.56 earlier in the session
Indian government bond yields ended higher on Monday, tracking US Treasury yields, as the Fed emphasised it would keep raising rates to rein in inflation
As economic growth slows, prices for key raw materials - from oil to copper and wheat - have cooled in recent weeks, taking pressure off the cost of manufactured goods and food
Asian shares slid on Monday as the mounting risk of more aggressive rate hikes in the United States and Europe shoved bond yields higher
The inflation surge has also prompted an aggressive response from the world's major central banks
Despite fears of rising inflation globally, Indian jobseekers are not adversely affected as far as their livelihood and expenses are concerned