UPCOMING EVENTS: Monday: NYFed Inflation Expectations. Tuesday: US NFIB Small Business Optimism Index, Fed Chair Powell Testimony. Wednesday: US CPI, Fed Chair Powell Testimony, BoC Meeting Minutes. Thursday: Japan PPI, UK GDP, Switzerland CPI, US PPI, US Jobless Claims, New Zealand Manufacturing PMI. Friday: US Retail Sales, US Industrial Production and Capacity Utilization. Wednesday The…
Goldman Sachs in its India 2025 Outlook note released in November had expected the Indian market to stay range-bound for three months and suggested a short-term target of 24,000. Thanks to the four-day selloff, the domestic benchmark Nifty has been trading around that level only, in a month post the prediction. The foreign brokerage had expected a…
UPCOMING EVENTS: Monday: China CPI. Tuesday: RBA Policy Decision, US NFIB Small Business Optimism Index. Wednesday: Japan Tankan Index, Japan PPI, US CPI, BoC Policy Decision. Thursday: Australia Labour Market report, SNB Policy Decision, ECB Policy Decision, US PPI, US Jobless Claims, New Zealand Manufacturing PMI. Friday: BoJ Tankan Index, UK GDP. Monday The Chinese…
A hiccup in India’s world-beating economic growth may exacerbate near-term weakness in stocks, according to strategists. The economy expanded at the slowest pace in almost two years in the September quarter, data Friday showed. Market participants expect a pickup in growth in the second half of the fiscal year, especially if the Reserve Bank of…
If the Q2 earnings season, the worst since June 2020, was not enough, stock market investors are now dealing with another headache after the Q2 GDP growth of 5.4% was at its lowest in the last seven quarters. With Sensex and Nifty already down 7-8% from their peaks amid record-breaking pullout by FIIs, brokerages are…
UPCOMING EVENTS: Monday: Australia Retail Sales, China Caixin Manufacturing PMI, Switzerland Retail Sales, Switzerland Manufacturing PMI, Eurozone Unemployment Rate, Canada Manufacturing PMI, US ISM Manufacturing PMI, Fed’s Waller. Tuesday: Switzerland CPI, US Job Openings. Wednesday: Australia Q3 GDP, China Caixin Services PMI, Eurozone PPI, US ADP, Canada Services PMI, US ISM Services PMI, Fed Chair…
(Bloomberg) — A stronger-than-expected pivot to stimulus in the world’s two biggest economies has brightened the market outlook. For economists, the jury is still out. Most Read from Bloomberg China’s barrage of monetary, fiscal and regulatory easing to boost the ailing property market, alongside expectations for deeper interest-rate cuts from the Federal Reserve and peers,…