Page 4 - Central Banks

We expect a catch-up trade in Indian equities, says Prakash Kacholia

US payroll numbers released recently point to Goldilocks scenario: unemployment at 53-year low, and yet moderating wage gains, says Prakash Kacholia, MD, Emkay Global Financial Services

RBI rate decision, Q3 earnings to drive market trends this week: Analysts

Equity markets' focus will shift to the RBI interest rate decision scheduled this week, with investors also tracking the ongoing third quarter earnings, global trends and foreign fund trading activity, for further cues, analysts said. Brent crude oil prices and rupee-dollar movement would also drive the trends in the market. "The direction of the US market will be closely watched, but the flow of FIIs will be crucial because they have been selling heavily in the Indian market since the beginning of 2023, and it has intensified following the Adani Group crisis. "This week will see the release of Q3 earnings from companies such as Bharti Airtel, Hero MotoCorp, Hindalco and Mahindra & Mahindra as well as macroeconomic data from the United States. RBI policy, whose outcome is scheduled for February 8, will be a critical domestic event," said Pravesh Gour, Senior Technical Analyst, Swastika Investmart Ltd. Adani Group stocks have taken a beating on the bourses after the US-based ...

Bank of England raises borrowing costs to 4%, hints rates near peak

Previously the BoE had forecast 2023 inflation at around 5%

Euro hits 10-month-high on dollar as central banks chart divergent courses

The euro sat at a 10-month high against the dollar on Thursday, ahead of a European Central Bank meeting

Thai economy continued to recover in December 2022: Bank of Thailand

The country's economy continued to improve in the final quarter of 2022 from the previous quarter due to increasing foreign tourist arrivals, which bolstered services and private consumption growth

The case for baby RBIs

Despite its admirable competence and proven track record, the Reserve Bank of India doesn't have the capacity to supervise an economy that's growing so fast and becoming larger by the year

RBI proposal on loan loss provisions to raise bank capital needs: Analysts

The Indian central bank's discussion paper suggesting banks make provisions on bad loans using an expected credit loss (ECL) method could raise capital requirements for lenders, analysts said

RBI imposes penalty of Rs 13.9 lakh on Mynd Solutions for non-compliance

Non-promoter shareholding in the company exceeded the 10% ceiling prescribed for TReDS operators

China job prospects, incomes plunge to new lows amid economic slowdown

But while economic activity is expected to eventually rebound, it's unclear how quick that will happen given the spread of infections and the weakness in confidence

RBI to streamline charges for a safer, more affordable payments system

The central bank had released a discussion paper in August that outlined existing rules for charges, while presenting other options through which these could be levied

Crypto wrap: Central banks' commentary on inflation keeping market weak

Cryptocurrency news: Both Bitcoin and Ethereum have been trading below crucial support levels

Gold to shine amid global recession; soft landing could play spoilsport

But it will lose sheen if the world economy achieves a soft landing

RBI's forex reserves rise for fifth straight week to $564.07 billion

According to analysts, the increase in the RBI's reserves is owing to revaluation as well as the central bank's purchases of the greenback as it looks to replenish the reserves

Markets extend losses amid recession fears, indices dip second week on trot

Commentary by central banks on their resolve to tame inflation rattles investors, who were hoping that interest rates have peaked

Markets tumble as Federal Reserve retains hawkish tone; Sensex drops 1.4%

The biggest decline in two months; FPIs sell shares worth Rs 711 cr

Curb on securitising short-term maturity loans may hurt micro loan biz

Change required by the central bank could make a certain portion of loan books ineligible for securitisation

Target prices show shine ahead for gold; experts see upside for financiers

Analysts' target prices also indicates good upside for gold financiers

Emerging markets face risk of policy error amid conflicting priorities

Emerging markets have witnessed an investor exodus this year despite having raised interest rates at an unprecedented pace

Over Rs 5,000-cr IPOs may hit mkts in Dec as investor sentiment perks up

Primary market momentum seen sustaining in an otherwise 'lacklustre' month

Central banks battling inequality? West might be catching up with India

A paper asks whether central banks should care about inequality. In India, the RBI has been doing it for decades