The dollar touched a six-month high against the yen on Tuesday as expectations grew that U.S. rates will remain higher for longer and as the debt ceiling impasse kept risk sentiment fragile. Among a slew of Federal Reserve heavyweights who spoke on Monday, some hinted that the central bank still has more to go in … Read more
The dollar inched higher on Tuesday after a loans survey revealed that credit conditions in the United States were less gloomy than expected, while the pound flirted with a one-year peak ahead of this week’s Bank of England policy meeting. The Federal Reserve’s quarterly Senior Loan Officer Opinion Survey (SLOOS) showed that while credit conditions … Read more
It may seem odd to ask this question when the news-flow on India macro is getting better by the day. If one leaves out the mixed signals that are coming on the strength of rural recovery, the rest of the economy seems to be on a meaningful mend. High-frequency indicators like manufacturing and services PMI, … Read more
Global stock markets sagged while the Japanese yen rose on Thursday in reaction to the Fed’s policy statement and signs of stress at another U.S. regional bank, spurring investors to price in a pivot rather than just a pause in rate rises. Another U.S. regional bank, PacWest Bancorp, reported troubles overnight, reminding investors of the … Read more
Tamil Nadu Chief Minister M. K. Stalin releasing the report, ‘Accelerating Tamil Nadu’s progress to becoming a One Trillion Dollar Economy by 2030-31’ at a function held in Chennai on Saturday. Looking on are: (from left) Subhrakant Panda, president, FICCI, T. M. Anbarasan, Minister for MSME, T. Mano Thangaraj, Minister for Information Technology and Anish … Read more
Indian IT services provider Coforge Ltd’s fourth-quarter revenue and its revenue growth forecast for fiscal year 2024 were roughly in line with analysts estimates, in contrast to weaker-than-expected outlooks from its bigger peers. Coforge’s shares were up 1.4% in midday trading on Thursday, compared with a 0.8% rise in the Nifty IT index, while the … Read more
Most global central banks may be either close to a peak or already done with interest-rate hiking, auguring a hiatus before possible monetary loosening comes into view. With the first signs of dents in economic growth now visible, and fallout from financial-market tensions lingering, any pause by the Federal Reserve after at least one more … Read more
Investors searching for safer areas in the U.S. stock market are finding that traditional shelters that held up in last year’s selloff, such as consumer staples, utilities and healthcare, may be more problematic this time. After rebounding sharply in January, the benchmark S&P 500 is wobbling again as investors worry the Federal Reserve will take … Read more
Asian markets breathed a sigh of relief on Friday as the incoming head of Japan’s central bank soothed fears of an early end to super-easy monetary policy, nudging bond yields lower globally. Kazuo Ueda, who will take over as governor of the Bank of Japan (BOJ) in April, began three hours of speaking to parliament … Read more
Unlike most of its peers, Indian equities bid goodbye to 2022 on a good note as optimism over domestic growth prospects overshadowed the macroeconomic headwinds that developed and other major developing economies are currently experiencing. Indian equities were the second best performers in 2022, with the first one being Brazil. Domestic benchmarks Nifty 50 and … Read more