Economy Financial News

European markets have opened higher after a mixed day of trading in Asia

Malaysian Prime Minister Anwar Ibrahim rejects the notion that China’s dominance is to be feared

Navneet Munot, MD & CEO, HDFC AMC, says liquidity flow particularly from domestic investors have been very robust. A lot of this positive news on the macro front, on the corporate front and because of the positive sentiments from the investors is also built into the price. So, valuations in parts of the market may be running ahead of the fundamentals. The way it will get corrected is by earnings growth over a long period of time. What can we look forward to in the next 15 years?

Jeremy Allaire, CEO at the stablecoin issuer Circle, predicts that stablecoins will account for 10% of the global economy over the next 10 years.

₹1.5 trillion for the past 15 months. However, there are concerns around a sluggish trend in consumption, particularly in the low-income segment, and a slow pick-up in private capex. In our view, these are symptoms of an early-stage expansion cycle, and growth will become broader based as the economic expansion continues.

According to Bank of America's monthly global fund manager survey, respondents said they expect global growth to remain unchanged over the next 12 months, with 53% stating they do not expect a US recession in the next 18 months. Only 8% predicted a recession in the second half of 2024, while 30% offered a 2025 recession bet. On rates, 8% of managers said they expect no Federal Reserve cuts in the next 12 months, while 78% expect at least two cuts to take place in the coming year, with the earliest forecast for September. Overall, only 5% of respondents expected a weaker economy in the...

«If you are taking a three-five-year view, I think that even in capital goods and manufacturing, there are some really lucrative opportunities which have really not done as well as the broader capital goods and manufacturing space and that is where, again, there will be money on the table and you can make substantial moneys from here in the next two to three years,» says Anshul Saigal, Founder, Saigal Capital. What should one do simple? Which are the ideas where you think big money could be made? Which are the stocks which you think one should completely avoid, whether it is because of business risk or valuation risk? Anshul Saigal: I can tell you where I am an investor and where I see opportunity. I can tell you that rural economy is at the cusp of a turn and while we have had a raging bull market, stocks which are leveraged to the rural economy, discretionary rural economy, those are half from their all-time highs, so that segment has been a complete laggard because the broad market has been weak.

Asian stocks took a breather on Thursday, hovering near their highest in two years as traders waited for more U.S. policy clues, while sterling was steady before a Bank of England meeting where rates are expected to remain unchanged. Apart from the BoE, investors will also watch out for central bank decisions from Switzerland and Norway on Thursday to set the tone for global rates outlook.

government over the next five years, even as the country remains the world's fastest-growing major economy, according to policy experts polled by Reuters. Asia's third-largest economy grew more than 8% last fiscal year, driven by government capital expenditure that so far has failed to spark sufficient business spending to create enough work, particularly for young people in a country of 1.4 billion. Prime Minister Narendra Modi's Bharatiya Janata Party lost the parliamentary majority it has held for the past decade in national elections that ended in early June over widening inequality, relentless inflation pressure — particularly on food — and a lack of well-paying jobs.

Amazon said Wednesday it will invest an additional 10 billion euros ($10.7 billion) in Germany, most of it in cloud computing, the US tech giant's latest major investment in Europe. A total of 8.8 billion euros will come from Amazon's cloud computing division AWS and will be invested in southwest Germany by 2026, with the rest going into logistics, robotics and company offices.

The U.S. chipmaker onsemi is planning a multi-year investment of up $2 billion in its production facility in the Czech Republic

42 Macro founder and CEO Darius Dale discusses whether Fed rate cuts will impact the resilient U.S. economy on 'Mornings with Maria.'

Crisil highlighting India's significant potential in energy transition and digital infrastructure, on June 19.“The next decade will see us invest more than $100 billion in the energy transition space and further expand our integrated renewable energy value chain that today already spans the manufacturing of every major component required for green energy generation," he said.In addition to constructing solar parks and wind farms, the conglomerate is establishing facilities to manufacture electrolyzers for green hydrogen production, as well as wind power turbines and solar panels.Gautam Adani stated that India will begin adding a trillion dollars to its GDP every 12 to 18 months, setting the country on a path to becoming a $30 trillion economy by 2050.Milestone Alert! Livemint tops charts as the fastest growing news website in the world

BEIJING — Ratings agency Fitch no longer expects China to cut its policy rate this year, and has pushed back its expectations for a reduction to next year as the U.S. Federal Reserve keeps its interest rates high.

Japan has reported its exports surged 13.5% in May, helped by a weak yen and strong demand in the U.S. and Asia

Australia’s main opposition party says it plans to build Australia’s first nuclear power plants as early as 2035, arguing the government’s policies for decarbonizing the economy with renewable energy will not work

Inflation in the U.K. has returned to the Bank of England’s target rate of 2% for the first time in nearly three years

Global stocks are mixed after U.S. benchmarks ticked to more records following the latest signs that the U.S. economy may be slowing without falling into recession

Reuters reported that the upcoming first full-fledged Budget 2024 of Modi 3.0 is expected to relieve taxpayers, as the government considers reducing income tax rates for specific groups of individuals. The report also indicates that the government is considering lowering income tax rates for individuals earning annual incomes of ₹10 lakh.Moneycontrol reported, quoting government officials, that the Centre plans to raise the income threshold before any tax is levied from ₹3 lakh to ₹5 lakh in the upcoming budget.

Also Read: Nifty 50 set record highs 32 times in 2024, up 11% from June 4 lowFollowing one of their worst intraday performances on June 4, real estate stocks resumed their winning streak in the subsequent session after the ruling Bharatiya Janata Party (BJP) secured sufficient support from key allies to form a coalition government, ensuring Modi’s return to power for a third consecutive term.Investors anticipate continued strong economic growth despite the coalition government set up, projecting that the government's focused emphasis on Capex growth over the past four years will persist, which is expected to bolster the country's economic engine, driving growth and strengthening it further.Amid this backdrop, from June 05 to June 18, the index surged from 976 to 1,150 points, marking an impressive gain of nearly 18%.As the Indian economy has experienced robust growth in recent years, disposable incomes among Indians have risen, prompting increased investment in the real estate sector. Real estate has been a preferred choice for the majority of Indians.Also Read: Defence stocks tumble amid profit booking; Bharat Dynamics down 6%Consequently, developers experienced a stellar response, with sales soaring within hours of opening bookings.

New capital rules for Canada’s largest banks are expected to come with a raft of business and economic costs, potentially crimping lending and putting the banks on unequal footing with counterparts in the United States and Europe, according to a veteran analyst.