Germany’s DIHK chambers of industry and commerce expect Europe’s largest economy to shrink by 0.5% this year as high energy prices, heavy bureaucracy, a skilled workers shortage and weak domestic demand weigh on economic output. A DIHK poll of more than 27,000 companies showed that of those surveyed, 35% expect business to deteriorate in the … Read more
COMEX Gold prices declined for the second consecutive week as both the dollar index and US benchmark treasury yields rose. Concerns about the US banking sector’s health and weak Chinese economic data led to a haven shift towards the dollar. Moody’s Investors Service downgraded several American lenders, signalling potential concerns for a handful of larger … Read more
Serious investors are looking beyond concerns over rich headline stock valuations and coming to India, said Ridham Desai, head-India equity research at Morgan Stanley. In an interview with Ankit Doshi and Nishanth Vasudevan on the sidelines of the firm’s investment conference, Desai said financials followed by industrials and consumer discretionary are his top investment picks. … Read more
A recession will torpedo stocks. Or banking turmoil. Or a government default, or falling earnings, or a too-aggressive Federal Reserve. Doom-saying is never in short supply when stocks are rallying. Lately, it’s reached fevered levels. Could all the pessimism be revving up price action that just pushed the S&P 500 to its highest level in … Read more
Investors are worried about a looming US recession and looking for ways to beat it. A few ideas are in vogue. Defensive stocks. Japan. And — Warren Buffett. Finance professionals and retail investors reckon that there is a significant price premium embedded in Berkshire Hathaway Inc.’s shares, betting that the conglomerate will outperform the US … Read more
The US Federal Reserve is widely expected to raise its benchmark lending rate for a tenth — and possibly final — time on Wednesday, as it continues its fight against high inflation. The US central bank is likely to take this decision despite growing signs that the American economy is slowing down, with many economists … Read more
Washington, DC CNN — Spending at US retailers fell in March as consumers pulled back after the banking crisis fueled recession fears. Retail sales, which are adjusted for seasonality but not for inflation, fell by 1% in March from the prior month, the Commerce Department reported on Friday. That was steeper than an expected 0.4% … Read more
“The correction in valuations presents a good opportunity to invest and accumulate businesses that pass the Darwin test – survived and thrived over time and have significant MOATs,” says Jayesh Faria, Associate Director, Regional Head- West, Motilal Oswal Private Wealth. In an interview with ETMarkets, Faria said: “Sustained slowdown in India, as well as the … Read more
“So, emerging markets will be your first port of call where you are going to see growth either from a recovery or for just general growth compared to the rest of the world,” says Andrew Holland, CEO, Avendus Capital Public Markets Alternate Strategies LLP. Are you more constructive on the market in India or are … Read more
Stocks struggled to make headway on Wednesday, the dollar nursed losses and bonds clung to gains, as signs of a slowing U.S. labour market made investors nervous about the economic outlook, while a bigger-than-expected rate hike lifted the kiwi dollar. Asia trade was thinned by holidays in Hong Kong and China, leaving MSCI’s Asia-Pacific index … Read more