Precious metals are maintaining strong momentum, with gold prices climbing to new highs and silver trading at decade-long peaks. According to Jonathan Barratt, Chief Investment Officer at ETO Group, investor appetite for safe-haven assets remains strong, with gold leading the rally despite silver’s industrial advantage. “Gold has technically broken out of a consolidation pattern, which … Read more
The worst August selloff in years for emerging-market assets eased on Tuesday as China continued to drip-feed its stimulus measures. The month-end optimism echoed in everything from a tech-stock rally in Hong Kong to firmer iron ore prices in Singapore and a stronger South African rand. Beyond the China-themed assets however, markets were muted with … Read more
Beijing: China‘s recent economic indicators are providing contradictory signals about the recovery, raising doubts about the growth outlook and fuelling debate over whether Beijing needs to step up its stimulus. March data so far showed a surge in the services sector as consumers spend more on travel and restaurants now that Covid waves have eased. … Read more
The RBI’s latest Monetary Policy Committee meeting was set in the backdrop of an inflexion point in the global monetary policy cycle. More and more central banks have begun either the tapering of the stimulus or talking hawkish and/or raising rates. This is more to do with the underlying inflationary pressures, which are both staying … Read more
Cut stimulus, and say goodbye to the stock market’s armor. That’s been the bet for a decade. Now the moment has come. But no signs of catastrophe have arisen. Bulls can thank the stagecraft of Jerome Powell, the Federal Reserve chairman, who on Friday gave the strongest signal yet that the central bank will begin … Read more
Federal Reserve officials expected to continue to make progress on reaching its threshold to scaling back their massive asset purchases, a record of their June gathering showed. “The Committee’s standard of ‘substantial further progress’ was generally seen as not having yet been met, though participants expected progress to continue,” according to minutes from the June … Read more
By Chandrajit Banerjee Finance Minister Nirmala Sitharaman’s targeted measures announced via a comprehensive stimulus package on Thursday will be a booster for the Indian economy that has been hit by the Covid-19 pandemic. The 12 areas covered as part of ‘Atmanirbhar Bharat 3.0’ across key sectors are well targeted, and promise to kickstart the engines … Read more
New Delhi: Stimulus measures announced by the government before the festive season will support growth momentum as it will provide a push to consumer demand and traction to the unorganized sector, says a report. According to Dun & Bradstreet’s latest Economy Forecast report, capital expenditure as a part of the stimulus measure will help in … Read more
Another stimulus package to rekindle demand could be in the works, according to a top government source who said that the “option of another stimulus (package) is not closed”. The source, however, refused to provide further details. But there are indications that the finance ministry may focus further on promoting demand in the economy after … Read more
NK Singh, Chairman, 15th Finance Commission Synopsis Chairman of the 15th Finance Commission NK Singh speaks to ET on the Commission’s reading of the economy and its recovery path, the need for a stimulus and GST compensation to states, ahead of publishing its final report. Chairman of the 15th Finance Commission NK Singh speaks to … Read more