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
Goldman Sachs on Wednesday lowered its forecast for fourth-quarter U.S. gross domestic product (GDP) growth, citing risks to the lending environment as smaller banks pull back on loans to preserve liquidity in the face of a banking crisis. Analysts at the firm now expect year-over-year growth of 1.2% for the quarter, down 0.3 percentage points … Read more
“I would say that we are still in early days of India truly capturing the imagination. The potential is way bigger than the reality and that is one of the things that keeps investors at bay but interest is increasing.,” says Gautam Kumra, Chairman, McKinsey Asia. So between when you left India and reposition in … Read more
Washington: US central bankers opened a two-day policy meeting Tuesday on rising expectations that they will slow the pace of interest rate hikes again, as inflation begins to fade. The Federal Reserve has raised the benchmark lending rate seven times last year, walking a fine line between reining in costs and trying not to tip … Read more
Federal Reserve officials are set to shift down the pace of interest-rate hikes again in the coming week amid signs of slowing inflation, while Friday’s jobs report may show steady demand for workers that improves the chances of a soft landing for the world’s largest economy. Policy makers are poised to raise their benchmark federal … Read more
A potential U.S. recession and tough comparisons to a stellar 2022 are weighing on the prospects of energy stocks delivering an encore to last year’s stunning run, despite valuations that are seen as still comparatively cheap. The S&P 500 energy sector is up 4.2% year-to-date, slightly lagging the rise for the broader index. The sector … Read more
London CNN — Business activity across the 20 countries that use the euro expanded in January for the first time in six months, according to data published Tuesday, providing fresh evidence that Europe’s economy could confound expectations and dodge a recession this year. An initial reading of the eurozone’s Purchasing Managers’ Index, which tracks activity … Read more
Macroeconomic and Employment Policies Specialist at the Employment Policy Department of the International Labour Organization (ILO) in Geneva,Kee Beom Kim, was recently in India for preparatory meetings related to the G-20’s meeting on employment or Labour20 (L-20) scheduled for the first week of February at Jodhpur. Mr. Kim’s works focuses on undertaking analyses on key … Read more
“Investor pessimism about the US economy with rising inflation and recession fears has led to the slide in the Indian Technologies companies last week,” says Vaishali Parekh, Vice President – Technical Research, Prabhudas Lilladher Pvt. Ltd.In an interview with ETMarkets.com, Parekh who has over 16 years of experience said: “TCS has been in consolidation for … Read more
U.S. stocks dropped for a third straight session and suffered a second straight week of losses on Friday as fears continued to mount that the Federal Reserve’s campaign to arrest inflation would tilt the economy into a recession. Equities have been staggered since the U.S. central bank’s decision to raise interest rates by 50 basis … Read more