Us Economic Growth

A $1.5 trillion wall of debt is looming for US commercial properties

The investment bank estimates office and retail property valuations could fall as much as 40% from peak to trough, increasing the risk of defaults

How Indian tech cos banded together to help each other during SVB crisis

The SVB collapse has alerted hundreds of Indian investment and tech companies. They came together to help each other and share knowledge to deal with the impact

Expectations of US interest rate hikes dragging crude benchmark downwards

Expectations of further rate hikes in the world's largest economy and in Europe have clouded the global growth outlook and driven both crude benchmarks down more than 5% so far this week

Strong data on US economy fuels bull-run in European and Asian markets

Shares were mostly higher Monday in Europe and Asia after strong data on the U.S. economy sent Wall Street to its best close in six weeks. Germany's DAX gained 0.4% to 15,644.08 and the CAC 40 in Paris was up 0.7% at 7,397.31. London's FTSE 100 edged 0.1% lower to 7,941.38. The future for the S&P 500 gained 0.2% while that for the Dow Jones Industrial Average was up 0.2%. On Friday, the S&P 500 rose 1.6% to cap its first winning week in the last four as easing yields in the bond market relieved pressure on Wall Street. It's found some stability following a swift rise and fall to start the year. The Dow industrials climbed 1.2%, while the Nasdaq composite jumped 2%. In Asian trading Monday, Hong Kong's Hang Seng index rose 0.2% to 20,603.19 and the Shanghai Composite index lost 0.2% to 3,322.03. At the annual session of China's rubberstamp legislature, the government set this year's economic growth target at around 5% as it tries to rebuild business activity following the end .

Firm trend: Rupee gains 9 paise to 81.29 against US dollar in early trade

The rupee gained 9 paise to 81.29 against the US dollar in early trade on Monday supported by broad dollar weakness and a firm trend in domestic equities. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 81.29 against the dollar, registering a rise of 9 paise over its previous close. On Friday, it depreciated by 8 paise to close at 81.38 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, fell 0.32 per cent to 101.87. Brent crude futures, the global oil benchmark, fell 0.53 per cent to USD 84.83 per barrel. According to Sriram Iyer, Senior Research Analyst at Reliance Securities, the Indian rupee opened stronger on Monday, tracking a weak dollar and a possibility of smaller rate hike from the US Fed in February. Most of the Asian peers were stronger this morning, and stable

Gold gains on softer dollar as markets await US inflation data: Report

Gold prices rose on Thursday to near an eight-month peak, helped by a weaker dollar, as investors braced for a U.S. inflation report expected to provide clues to the Federal Reserve's rate-hike path

US core inflation slows, giving Fed Reserve some breathing room on rates

The overall CPI increased 0.1 per cent from the prior month and was up 7.1 per cent from a year earlier, as lower energy prices helped offset rising food costs

War, slowdown prompt Tiruppur exporters to explore alternate markets

Move follows 21% YoY dip in exports in October; some exporters believe things will improve in the coming months as yarn prices have declined and dollar rates are favourable

US economic growth rebounds in Q3 on trade, but demand is slowing

Gross domestic product increased at a 2.6 per cent annualised rate last quarter, the Commerce Department

Growth forecast in US market set to drive gains for Cipla stock

Street remains bullish on India prospects, regulatory headwinds for Goa site continue

Stay invested in US funds even if returns aren't attractive currently

It helps to diversify geographically; while YTD returns of Indian markets are positive and US markets negative, the opposite will also happen at some other time

Fitch cuts India FY23 GDP growth forecast to 7%; world GDP growth at 2.4%

At a more macro level, Fitch now expects world GDP to grow by 2.4 per cent in 2022 - revised down by 0.5 percentage points (ppt) since the June assessment

'Risks to global markets could arise from central bank rate actions'

Market is building an earnings growth of 10-12 per cent for FY23, which seems achievable given the present earnings momentum and economic outlook, says Sanjay Chawla of Baroda BNP Paribas MF.

Senator Warren worries that Fed will tip US economy into recession

The US central bank's chief warned on Friday that Americans were headed for a painful period of slow economic growth and possibly rising joblessness as the Fed raises interest rates to fight inflation

Stocks and sectors to bet on as the US economy faces a recession

Analysts expect the US economy to enter a recession in a few months. The impact will be felt across global financial markets. Which sectors and stocks are investment-worthy amid this uncertainty?

Wall Street begins second-half with losses on economic growth worries

Dow Jones Industrial Average was down 114.85 points, or 0.37%, at 30,660.58, the S&P 500 was down 9.89 points, or 0.26%, at 3,775.49

Global shares trade lower ahead of US' first quarter economic growth report

Shares slipped Wednesday in Europe and Asia ahead of the latest update on US economic growth, while oil prices were lower. The Commerce Department was due to release a report on first-quarter gross domestic product later in the day. Investors worried by uncertainty over inflation, rising interest rates and the potential for a recession also were awaiting remarks by central bank leaders including Fed Chair Jerome Powell. Germany's DAX lost 1.2 per cent to 13,071.73, while the CAC 40 in Paris was almost unchanged at 6,049.31. Britain's FTSE 100 shed 0.5 per cent to 7,287.26. The futures for the Dow industrials and S&P 500 were up 0.1 per cent. On Tuesday, the S&P 500 fell 2 per cent, the Dow Jones Industrial Average fell 1.6 per cent, and the Nasdaq fell 3 per cent after a survey showed weaker than expected consumer confidence in the US, mainly due to surging prices. A weaker-than-expected US consumer confidence reading highlighted worsening consumer expectations due to ...

Global stock markets mixed as Wall Street bond sell-off; yen at 2-yr low

Global stock markets were mixed Tuesday after a bond sell-off on Wall Street fuelled anxiety about a possible U.S. economic slowdown and Australia raised interest rates. London, Shanghai and Hong Kong declined. Frankfurt opened higher and Tokyo gained. The yen, trading at two-decade lows, fell further to almost 133 to the dollar. Wall Street futures were lower after the benchmark S&P 500 index rose 0.3% on Monday and the market price of a 10-year Treasury bond fell. That increased its yield, or the difference between the day's price and the payout at maturity. The difference between short- and long-term Treasury yields is narrowing, which is making me a little nervous, because it suggests investors think a U.S. recession is more likely, said Jeffrey Halley of Oanda in a report. I don't think the U.S. is at stagflation yet, or a period with high inflation and low growth, but if oil stays above $120.00 a barrel, it might soon be, Halley said. In early trading, the FTSE 100 in Londo

Omicron, trade weigh on US economy in first qtr; GDP declines at 1.4% rate

The first decrease in gross domestic product in nearly two years was mostly driven by a wider trade deficit as imports surged, and a slowdown in the pace of inventory accumulation

US goods trade deficit hits record high; Q1 GDP growth estimates slashed

The goods trade deficit jumped 17.8% to an all-time high of $125.3 billion.