Economy Financial News

BERLIN (Reuters) — German retail sales unexpectedly fell in August, as persistently high inflation took its toll on consumption in the euro zone's largest economy.

By Amanda Cooper

an article that raised concerns about the risk management practices in the peer-to-peer (P2P) lending space in India. This is why I am compelled to remove all doubts about the robustness of the P2P lending space in India. Here are the reasons that makes the Indian P2P lending space unique and relatively safe for investors.

shut down the government—and once again the fight is a costly addition to the country’s economic problems. If Congress and the Biden administration do not strike a deal to fund the federal government, from October 1st it may need to furlough employees and freeze non-essential payments. House Republicans cannot even agree among themselves about what spending cuts to demand of the Senate and the White House, with hardliners seeking to sabotage a bipartisan deal struck in the summer.

Ajay Bagga, market expert, says “PSU banks are still looking quite good. Talking about valuations, I would say India is quite moderately valued. The problem is the global macro. These higher for longer riskoff is affecting us. We have seen about six-seven weeks of FII outflows on a net basis. So that is a problem. It is a constraint on our market's ability to rise fast. But the domestic funds that are coming in, are providing a good support and those should win through.” Are you optimistic about the October series looking at the moving pieces? We are waiting for a couple of events to pass through. One is, of course, the looming US shutdown. Historically, it has not had much of an impact but the reports are that this could last for anything like a couple of weeks to four weeks. In 2018-2019, it went on for six weeks and it had a minor impact on the GDP. So let us get that through, especially given Monday is a holiday in India, we can wait that out. The other two concerns are: a)Chinese property loans that are standing at about 60 trillion Yuan. It is not a new problem, it is a three years old problem but the Chinese government has not been able to resolve it and now the position is that even quality real estate developers like Country Garden are facing a lot of issues of liquidity. So eventually the rescue package will come from the Chinese government which will be a trigger for the markets so you can position for that.

Nirav Sheth, CEO-Institutional Equities, Emkay Global Financial Services, says “if we have a $4 trillion economy now, our ability to absorb shocks in the present macroeconomic parameters is better. If the stocks do not react when the oil is at $95, maybe they react when it is $110. There are other limiting factors as well. Increasing oil prices also tend to act as higher interest rates and a sort of tax on the consumers. This has happened all the time. You will never ever have everything falling in line all the time, it does not happen.” Do you think that this time the market will oblige with the much anticipated and expected correction of a meaningful nature? We need to define what is meaningful. If you are looking at a drawback of which is more than 10% or something thereabouts, it’s unlikely. Do you have normal corrections along the way which are very difficult to predict? Can it happen? Of course, the trigger most likely could be obviously around the surge in Brent oil prices and that has implications and more so for India. The key question is are you positioning yourself to buy into the corrections? Is it a buy-on-dip story or a sell-on-rise story? There the conviction is fairly clear. You do not want to miss the wood for the trees. When you look at the next several years, this is a long journey. There is no point in trying to pre-empt 2%, 3%, 4%, 5% corrections and getting obsessed with it.

dollar held off a 10-month high on Friday as markets headed into the end of the quarter, giving the yen slightly more breathing room at the end of the week amid intervention concerns. The euro largely held its ground after rebounding overnight, but was still not far from its January low of $1.0482, which if broken would be the lowest since December. The dollar index, which tracks the currency against six other majors, was mostly flat in the Asian morning, on track for an 11th straight week of gains, after dipping as low as 106.020 overnight. The dollar gained on expectations that the U.S.

Oil prices fell in early trade on Friday after a recent rally, as profit-taking and expectations of supply increases by Russia and Saudi Arabia outweighed forecasts of positive demand from China during its Golden Week holiday. Brent November futures which expire on Friday were down 21 cents to $95.17 per barrel. Brent December futures lost 10 cents to trade at $93.00 per barrel at 0055 GMT. U.S.

Gold prices on Friday braced for their biggest monthly fall since February, hovering around levels at over six-month lows on the prospects of higher-for-longer U.S. interest rates ahead of a widely watched U.S.

markets bond index starting June 2024. Although such indices have been around for a long time, IGBs were not part of them due to a variety of reasons. However, since 2013 — when the idea of index inclusion was first floated — the Indian authorities have made steady progress in facilitating foreign investment into IGBs.

BEIJING — The last three months of the year are set to bring more clarity on China's economic outlook and any government support — especially for the critical real estate sector.

bond yields surged on Thursday, registering their sharpest single-day rise in 2023, as higher crude oil prices, uncertainty over US interest rates and technical difficulties due to sudden changes in trading holidays sent participants rushing to sell securities. Higher sovereign bond yields drive up overall borrowing costs in the economy as government securities are the benchmarks used by corporate entities to determine the pricing of their debt issuances. The government bond market on Thursday witnessed its worst selloff in 10 months, with yield on the 10-year benchmark government bond shooting up 7 basis to close at 7.24%. Thursday's rise in yields was the largest single-day jump since November 2022. Bond prices and yields move inversely.

₹6.55 trillion in the second half of the current financial year, sticking to its budgeted borrowing plans. The amount is 42.45% of its budgeted gross market borrowing of ₹15.43 trillion for the full year, which will be done through dated securities, including ₹20,000 crore through sovereign green bonds. The government will also issue 50-year securities for the first time, in response to a market demand for longer-duration securities.

MUMBAI : Ashwin Dani was central to the development of Asian Paints over the 1980s and 90s. He was central in bringing the application of modern chemistry to Asian Paints’ products. Asian Paints, under his watch, applied increasing amounts of computer technology.

No matter how you slice and dice it, one thing is clear: the reflexive stock market rally that began last October (and ended this past August) never had much in the way of fundamental underpinnings. Momentum, yes. Technical picture, yes. Sentiment and emotion, yes. Fundamentals and valuations, sorry, no. And this is why we never bit despite all the external pressure to do so. Everyone loves a bullish narrative.

Billionaire investor Ray Dalio is watching closely the «risky» U.S. fiscal situation.

Created with creators and their communities in mind, GapUp promises to: Bridge the Knowledge Gap As the digital tide swells, consumers find themselves navigating through an ocean of information. The democratisation of content creation by social media has intensified the quest for authentic knowledge amidst the cacophony of the digital realm.

₹2,711.48 crore in Indian stocks today. As per the NSE data, FIIs cumulatively bought ₹10,711.39 crore of Indian equities, while they sold ₹14,075.61 crore --- resulting in an outflow of ₹3,364.22 crore on Thursday. Meanwhile, DIIs infused ₹15,118.41 crore and offloaded ₹12,406.93 crore, registering an inflow of ₹2,711.48 crore.

International Monetary Fund said on Thursday it is seeing some signs of stabilization in China's economy from recent data but believes it can grow at a faster pace over the medium term if it takes steps reforms its economy to rebalance growth from investment towards consumer spending. Chief spokesperson Julie Kozack told a regular news briefing that the IMF continues to believe that China can achieve around 5% growth this year, with detailed projections due when the IMF publishes its World Economic Outlook during IMF-World Bank annual meetings in Marrakech, Morocco on Oct. 10.

bumper crops by working side by side with farmers. Born in Kumbakonam in Tamil Nadu on August 7, 1925 to Dr M K Sambasivan and Parvati Thangammai, Swaminathan played a significant role in changing the trajectory of the agriculture sector when farmers were dependent on archaic farming techniques. Swaminathan belonged to an era when hunger and malnutrition were the order of the day in several parts of the country and the nation, with a population of about 300 million, was on the cusp of independence.

By Jamie McGeever