Street remains bullish on India prospects, regulatory headwinds for Goa site continue
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
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
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.
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
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?
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
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 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
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
The goods trade deficit jumped 17.8% to an all-time high of $125.3 billion.
U.S. employers added a robust 678,000 jobs in February, another gain that underscored the economy's solid health as the omicron wave fades
US President Joe Biden has pledged to "get inflation under control" as American voters were increasingly pessimistic about the economy
US central bankers are coalescing around a plan to start tapping the brakes on economic growth as soon as March, with further monetary policy tightening likely as the year goes on
US Federal Reserve Chair, Jerome Powell has said that the central bank could start to shrink its balance sheet later this year.
The Federal Reserve will likely raise interest rates four times this year and will start its balance sheet runoff process in July, if not earlier, according to Goldman Sachs Group Inc.
Since adopting a new approach to US monetary policy weighted towards ensuring a strong labor market, Federal Reserve officials have been reluctant to define key terms like "maximum employment"
"Government assistance payments in the form of forgivable loans to businesses, grants to state and local governments, and social benefits to households all decreased."
Gross domestic product increased at a 6.6% annualized rate, the Commerce Department said on Thursday in its second estimate of GDP growth for the April-June quarter
Payrolls climbed by 943,000 last month after an upwardly revised 938,000 increase in June