Survey shows while inflation is seen falling, mood is stagflationary; recession expectations highest since May 2020; global growth and profits at all-time lows, cash levels highest since 9/11 attacks
Investment in the Indian capital markets through participatory notes (P-notes) declined to Rs 80,092 crore till June-end, making it the lowest level in 20 months
With rates in the US rising much faster than in the eurozone and Japan, the dollar is soaring
The comments late last week knocked the dollar off two-decade highs and boosted global stocks and non-dollar currencies, especially the euro.
Investment banking revenue fell 41% to $2.14 billion in the quarter
The IMF already downgraded its outlook for the global expansion this year to 3.6 per cent, from 4.4 per cent before the war in Ukraine, in its April report
The impact of US Federal Reserve's announcement in November last year to taper its asset purchases was "moderate" on Indian financial markets largely due to the country's strong external position
Singapore and the Philippines both tightened their monetary policies in emergency moves after data showed inflation in the US was running hot and the Federal Reserve was considering another large hike
Interest-rate futures contracts currently imply a roughly one-in-six chance that the Fed will hike rates by a full point this month, with a 75 basis-point hike regarded as certain
Spot gold was down 0.3% at $1,704.99 per ounce, as of 0916 GMT, and lost 2.2% so far this week. U.S. gold futures eased 0.2% to $1,701.90.
The latest consumer inflation (CPI) print in the US for June came in at 9.1 per cent - the highest reading since 1981, and surpassed most analysts' expectations, who had pegged this at 8.8 per cent
The dollar index, which measures the currency versus six counterparts, edged 0.07% higher to 108.65, after reaching and then falling back from the highest since September 2002 at 109.29 on Thursday
Impact on CPI inflation to come later, rupee depreciation to negate some of this impact
Indian bonds have declined in tandem with a slide in the rupee. The currency is now hovering close to a record low against the dollar as elevated commodity prices stoke inflation and boost the subsidy
If up to $50 billion is withdrawn from forex reserves to finance CAD, the country would still be able to meet nine month's imports. Any withdrawal beyond this could pose a problem
Despite a tight physical oil market, investors have sold oil futures on worries that aggressive rate hikes to stem inflation will slow economic growth and hit oil demand.
Spot gold was down 0.4% at $1,719.49 per ounce by 09:35 a.m. ET (1335 GMT), after dropping to its lowest since August at $1,707.09 earlier in the session. US gold futures were down 0.6% at $1,714.60
The US economy is healthy and shows little sign of an imminent recession, and can withstand higher interest rates, St Louis Federal Reserve president James Bullard said Monday.
Tokyo stocks closed fractionally higher on Friday after early gains were largely erased by the news of the gun attack on ex-prime minister Shinzo Abe.
Will the RBI step in again to the rescue of the banks and ensure smooth sailing of the government's record borrowing plan this year?