Economy Financial News

08.01 / 12:17

markets UPS security economy wellness Banner performer High-yield munis had a great 2023, but this year may disappoint

Money managers don’t anticipate another banner year for high-yield municipals, one of the best-performing sectors of U.S. debt in 2023.

08.01 / 12:17

UPS Target Strategy economy Trade US stock rally reliant on economic growth, says Morgan Stanley

U.S. stocks will resume last year’s 24% rally only if economic growth picks up, according to Morgan Stanley’s Michael Wilson.

08.01 / 11:31

markets economy wellness Bill Trade band reports week Stocks Week Ahead: Inflation Swaps Suggest Hot CPI Report Could Be in the Offing

This week will be another in-focus week, with the CPI and PPI reports coming toward the week’s end.

08.01 / 11:28

markets UPS economy Boeing show reports Futures edge lower, Boeing shares slump premarket - what's moving markets

Investing.com -- U.S. stock futures edge lower on Monday with all-important inflation data out of the world's largest economy due later this week. Elsewhere, Boeing (NYSE:BA) shares fall premarket as the planemaker and U.S. regulators reportedly discuss the criteria for safety inspections after a dangerous mid-air fuselage breach. Meanwhile, an executive at the electric vehicle division of China's Evergrande is detained on suspicion of «illegal crimes.»

08.01 / 10:31

markets Reuters security economy CME Research Rupee ends little changed, wedged between inflows, oil cos' dollar buys

rupee ended little changed on Monday as dollar demand from importers, including local oil companies, eroded early gains from inflows. The rupee ended at 83.1375 against the U.S. dollar, barely changed from its previous close at 83.15. While the local unit had risen to a three-week high of 83.0550 earlier in the session, strong dip-buying appetite on the dollar-rupee pair eroded early gains, a foreign exchange trader at a state-run bank said. «We keep seeing importers moving in to capture lower levels on spot (on USD/INR),» the trader said, adding that local oil companies were also seen bidding for dollars. Most Asian currencies were rangebound, save for the Thai baht, which weakened by about 0.8%.

08.01 / 09:54

FIVE Platform economy trends show reports inequality SBI study questions flawed narrative of K-shaped recovery, highlights five major trends of Indian economy

India's GDP likely to grow by 7.3% in FY24: NSO data SBI indicated that income-tax data, rising female labour force participation and the rising popularity of food-ordering platforms paint a healthy picture of India's growth. Here are five major trends that the SBI report has highlighted about the Indian economy: "The gap between different income levels, measured by the Gini coefficient of taxable income, decreased notably from 0.472 to 0.402 from FY14 to FY22 respectively," the SBI report said.

08.01 / 09:17

Provident Digital economy Election community reports Thailand gets green light to borrow to fund $14.3 billion handout plan - official

By Orathai Sriring and Panarat Thepgumpanat

08.01 / 08:00

ETF economy wellness show Inflows into equity mutual funds hit ₹17,000 crore in December 2023, showing 9% jump: AMFI data

mutual funds saw an inflow of nearly ₹17,000 crore in the month of December, revealed the data released by the Association of Mutual Funds in India (AMFI) on Monday. Out of the total equity inflow, nearly ₹3,857 crore was into small-cap mutual funds vis-a-vis ₹3,699 crore in the previous month. At the same time, mid-cap funds saw a fall from ₹2,665 crore in November to a nearly half figure of ₹1,393 crore in December.

08.01 / 06:21

SUN economy Trade Exponent recommendations Updates 2024 Best corporate bond mutual funds to invest in 2024

corporate bond funds. These schemes invest at least 80% of their corpus in the papers of the highest-rated companies. This makes them relatively safer than other debt schemes such as credit risk funds. They are also safer than gilt funds and long term debt funds that are highly sensitive to interest rate changes in the economy. You should pay attention to these two factors: safety and interest rates. Safety became a crucial factor for debt fund investors after a series of defaults and downgrades in the debt space almost three years ago. The shutting down of six schemes by Franklin Templeton Mutual Fund shook conservative investors in debt schemes. Though the environment is different now, you should still proceed cautiously.

08.01 / 06:17

markets Provident Waves CEO Strategy economy wellness RadiantBiz: Leading the Charge in Connecting Indian Businesses to Dubai’s Thriving Economy

business setup consultants in Dubai, has been creating waves with its unrivalled knowledge of business structuring, family offices management as well as continuity planning, trust creation and corporate banking and transaction advice. The driving force behind RadiantBiz is the CEO Rizwan Ansari, an experienced banker from the UAE with an outstanding experience of guiding teams to achieve success. Ansari's extensive understanding of finance and banking for business places RadiantBiz unique in the creation of prosperous results for its customers, globally and locally.

08.01 / 05:58

markets COST economy Nov wellness Trade Marketmind: Risk appetites sour, with inflation on the menu

A look at the day ahead in European and global markets from Wayne Cole.

08.01 / 05:32

markets economy CME Trade show testing Asia FX falls, dollar strong as rate-cut hopes retreat before inflation test

Investing.com-- Most Asian currencies fell on Monday, while the dollar steadied near three-week highs as stronger-than-expected U.S. payrolls data saw traders scale back bets that the Federal Reserve will cut interest rates early.

08.01 / 05:31

markets economy Nikkei Trade War show country inflation data Asian stocks Asian stocks slip as rate-cut bets ease; Inflation data deluge on tap

Investing.com-- Most Asian stocks fell on Monday after a surprise jump in U.S. nonfarm payrolls saw markets rethink expectations for early interest rate cuts, with focus now turning to a string of key inflation readings this week.

08.01 / 04:22

markets UPS economy Remark pandemic show India’s fast emerging economy can surely do better

The first advance estimates of our national income for 2023-24 issued by the National Statistical Office on Friday show India’s economy blazing ahead, with gross domestic product (GDP) seen rising 7.3%. As China sputters, India is poised to retain its fastest-growing major economy tag, having rebounded sharply from the pandemic on the back of infrastructure spending by the government. In 2021-22, we made up for the previous year’s covid contraction, and then logged 7.2% GDP growth last fiscal year.

08.01 / 02:11

markets Reuters economy Trade reports recommendations Updates Weekend Indian stock market: 7 things that changed for market over weekend - Gift Nifty to US nonfarm payrolls

Sensex closed the day 178.58 points, or 0.25%, higher at 72,026.15, while the Nifty 50 settled at 21,710.80, up 52.20 points, or 0.24%. Also Read: Market ahead: Q3 results, Red Sea crisis, inflation, FII activity among key market triggers to watch next week “Healthy pre-quarterly business updates indicate that the earnings growth momentum is likely to continue in Q3 as well. Overall we expect markets to remain in a positive range.

08.01 / 01:49

markets economy wellness Trade show performer reports inflation data Dollar holds ground as US inflation data looms

By Rae Wee

08.01 / 01:04

markets UPS economy Trade country It could be time to ponder a 'one foot out of the door' plan

investors are finding themselves on the horns of a dilemma these days: Is it worth the risk to continue with winning equity bets into the fourth year of the bull run when share valuations are at a peak? Or is the risk of staying out of the bull market greater when just a few are talking about a possible reversal in the market? While the urge to be ahead of the curve in determining market tops is strong, the overwhelming desire to make the most out of bull rallies overrides any cold logic. This is wholly understandable. The bullish sentiment on Dalal Street at the start of 2024 is fervent.

07.01 / 19:27

UPS Target Progressive Aware economy Highways Passenger vehicle makers miss fuel efficiency targets

carbon dioxide emissions by 45% by 2030 from the 2005 levels. Indian makers of passengers vehicles comprising cars, vans, and utility vehicles achieved corporate average fuel economy (CAFE)- a measure of carbon emission of a vehicle — of 116.78 gm per km in the year ended March 31 2023, missing the target of 113 gm per km set by the ministry of road transport & highways (MoRTH), said several people aware of developments. «It's still work-in-progress, and we have yet to take a final call. There will be a lot of stakeholder consultations cutting across various ministries.

07.01 / 17:56

COST Target economy Sustainability Election rights 2024 budget 2024 Budget 2024 hopes: Stay steadfast on capex-led growth

MUMBAI : Domestically, the backdrop is that of an impending general election, and, traditionally, an incumbent government cannot present a full Union budget in such a year. Whereas, globally, the setting is that of a debate on debt and sustainability amid falling growth. But that shouldn’t necessarily be the context for the upcoming budget.

07.01 / 16:13

UPS Digital economy Sustainability country Schools Reliance committed to new investments in Tamil Nadu: Mukesh Ambani

Reliance Industries' Mukesh Ambani on Sunday said Tamil Nadu has become one of the most business-friendly states in the country and he believed it would indeed become a trillion-dollar economy in line with the state government's goal of reaching this milestone by 2030. «Reliance is committed to making new investments in Tamil Nadu in renewable energy and green hydrogen,» he said in a virtual address at the inaugural session of the state's two-day Global Investors Meet (GIM) in Chennai. «We shall work closely with the state government to promote sustainable development which is necessary to save Mother Earth from the climate crisis.»

07.01 / 15:38

markets Provident Compilation Analysis economy reports Updates Q4 Support US Q4 GDP Growth Expected to Support Soft Landing Outlook

This month’s official report of US fourth-quarter economic activity, scheduled for release on Jan. 25, will likely confirm that output expanded at a moderate pace, according to a set of nowcasts compiled by CapitalSpectator.com.

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