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Source: Live Mint Yield for China’s benchmark 10-year bonds have slid to their lowest in over a month after the government announced its 10 trillion yuan or $1.4 billion worth debt refinancing programme, Bloomberg reported. This mostly came as traders were disappointed with the measures and are awaiting more stimulus amid China’s wait-and-watch approach to…
Source: Business Standard 4 min read Last Updated : Oct 09 2024 | 11:51 AM IST The major takeaway from the credit policy is the change in stance, as it was unexpected. The fact that this was unanimous points to a common view taken by all the six members. This is important because it is…
Source: Live Mint Bank credit in India has been driven by the growth in personal loans which hints at increasing household leverages. These leverages had probably led to exponential rise in the domestic asset prices. This may be attributed either to the changing mindset or overstated economic prospects. It is difficult to deny both possibilities…
Source: Live Mint Both gold and equities are shining bright in fiscal 2025 (FY25), with each asset class enjoying a strong performance this year. Nifty 50 has gained about 16 per cent, while spot gold prices in India have climbed over 12 per cent in FY25 so far. Durable economic growth, easing inflation, increased retail…
Source: Live Mint The United States Federal Reserve (US Fed) this week is expected to announce its first interest rate cut in over four years since 2020, months ahead of the US presidential elections scheduled in November 2024, AFP reported. It added that Fed policymakers will debate how big the cut will be ahead of…
Source: Live Mint In an unfavourable turn of events, inflation measured by the Consumer Price Index (CPI) rose to 3.7% year-on-year in August, up from 3.6% in July, and surpassing Mint’s consensus estimate of 3.5%. Given the generous rainfall seen in August, expectations were that retail inflation would moderate as vegetable prices ease. The unexpected…
Source: Live Mint Wall Street stocks finished decisively lower Friday following weaker than expected US jobs growth that pointed to a slowing economy. The lackluster job growth “played right into the market’s worries about (economic) slowing,” said Briefing.com analyst Patrick O’Hare, who noted that September has been a historically tepid period for equities. After a…
