‘India’s neutral geopolitical stance to help attract FDI, overseas business’

‘India’s neutral geopolitical stance to help attract FDI, overseas business’

India‘s neutral geopolitical position has played to the country’s advantage when it comes to attracting global investment, as more and more countries direct trade towards friendly nations, Claudio Irigoyen, head of global economics research at Bank of America, tells Bhaskar Dutta in an interview. Irigoyen says the “sweet spot” for emerging markets could be the … Read more

Asian stocks climb in calm before potential US payrolls storm

Asian stocks climb in calm before potential US payrolls storm

A lull in bond selling stretched into Asia trade on Friday, but may not last the day as investors waited on U.S. jobs data that could add to the case for keeping interest rates high for some time. Sliding oil prices have also provided some relief to markets, with Brent crude futures at $84.50 a … Read more

10-year yields hit 16-year peak as Fed seen higher for longer

10-year yields hit 16-year peak as Fed seen higher for longer

Benchmark 10-year U.S. Treasury yields rose to 16-year highs on Thursday, a day after the Federal Reserve surprised investors by flagging the potential for an additional rate hike, and an expectation for fewer cuts next year. The U.S. central bank held interest rates steady, as was widely expected, and said that its benchmark overnight interest … Read more

Fed keeps rates unchanged but signals likelihood of another hike this year

Fed keeps rates unchanged but signals likelihood of another hike this year

Washington: The Federal Reserve left its key interest rate unchanged Wednesday for the second time in its past three meetings, a sign that it’s moderating its fight against inflation as price pressures have eased. But Fed officials also signalled that they expect to raise rates once more this year. The move to leave its benchmark … Read more

BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini

BOE, ECB must raise rates to avoid stagflation: Prominent economist Nouriel Roubini

The European Central Bank and Bank of England must keep raising interest rates to ward off the risk of causing “stagflation,” the prominent economist Nouriel Roubini warned. The famously pessimistic Roubini said the recent rise in oil prices will keep headline inflation high and that any talk of easier monetary policy would be premature. The … Read more

Fed hinting at longer high interest rate regime casts shadow on gold’s investment appeal

Fed hinting at longer high interest rate regime casts shadow on gold’s investment appeal

Comex December gold future slid 1.55% through the week as the contract finished around $1916.50, and spot gold was at $1889 an ounce, at its weakest level in five months, pushed down by strengthening USD and surging UST yields amid growing bets for higher for longer interest rates from US Fed from the traders. The … Read more

S&P 500 ends near flat as energy, defensive sectors counter megacap declines

S&P 500 ends near flat as energy, defensive sectors counter megacap declines

The S&P 500 ended nearly flat on Friday as gains in defensive sectors and energy offset weakness in megacap growth stocks, while investors looked toward next week’s speech by Federal Reserve Chair Jerome Powell. Megacap technology-related growth stocks dipped, with Alphabet down 1.9% and Tesla falling 1.7%, as investors fretted that interest rates could stay … Read more

UK wages expected to feed pressure for BoE rate hikes

UK wages expected to feed pressure for BoE rate hikes

Britain‘s inflation fever may be starting to break, but data due out this week is expected to show the economy has more cooling to do before the Bank of England can change course on interest rates. Official statistics are slated to show Tuesday that wages accelerated to the fastest pace on record in July, pushing … Read more

US Fed hike on expected lines; RBI to take a balanced view: Analysts

US Fed hike on expected lines; RBI to take a balanced view: Analysts

The 0.25 per cent hike in interest rates by the US Fed was on expected lines, analysts said on Thursday, expecting its Indian counterpart to take a balanced view in its policy formation going forward. Naveen Kulkarni, chief investment officer of Axis Securities PMS, said the action in the US was on expected lines and … Read more

European Central Bank hikes interest rates for ninth time to combat inflation

European Central Bank hikes interest rates for ninth time to combat inflation

The European Central Bank raised interest rates for the ninth straight time in its yearlong campaign to stamp out painfully high inflation, even as worries about recession fuel speculation that Thursday’s hike could be its last. ECB President Christine Lagarde had all but promised the quarter-percentage point increase. That puts the focus at her post-meeting … Read more