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Source: Live Mint JP Morgan & Co. chief executive officer Jamie Dimon sounded a warning for the US economy, as he flagged stagflation risk amid multiple challenges like geopolitics, deficits and price pressures. Speaking at JPMorgan’s Global China Summit in Shanghai, Dimon rejected the idea that the US economy is currently in a “sweet spot.”…
Source: Live Mint Moody’s Investors Service downgraded the United States’ sovereign credit rating on Friday, citing rising concerns over the nation’s growing $36 trillion debt burden. The credit rating agency lowered the US government’s long-standing rating by one notch to “Aa1” from “Aaa” and revised its outlook to “stable” from “negative.” Moody’s had maintained the…
Source: Live Mint The relationship between the Indian and US stock markets has evolved significantly, reflecting the distinct economic landscapes and market dynamics of each country. Recently the rolling 1years correlation equation of India to the US stock market has reduced to 0.10 after peaking at 0.96 in Sept 2024. Over the past six months…
Source: Live Mint The yield on the benchmark Treasury 10-year note rose almost one-half percentage point this past week to 4.49% in often chaotic trading that former Treasury Secretary Larry Summers likened to an occurrence in an emerging market country. The 30-year Treasury came close to 5% on Friday before pulling back to a 4.9%…
Source: Live Mint Trump fired up global trade tensions by announcing a baseline 10% tariff on all imports starting 5 April, with reciprocal tariffs on specific countries from 9 April. India will be hit with a 27% additional tariff, while China’s rate soars to 54%, up from the previous 20%. Gift Nifty futures took a…
Source: Live Mint Analysts at Goldman Sachs have raised US tariff assumptions for the second time in less than a month, expecting the average tariff rate to rise 15 percentage points in 2025. Terming the revision a “more aggressive assumption for reciprocal tariffs” Goldman Sachs said it expects US President Donald Trump to announce an…
Source: Live Mint The U.S. market recently experienced a deep rapid correction, with the S&P 500 falling by 10% and the Nasdaq 100 by 14%. However, India’s stock market remained resilient amid the global sell-off. The Nifty 50 swiftly rebounded from its recent low of 21,964.6, surpassing the 23,000 threshold with ease. By Friday’s close,…
Source: Live Mint Gold price today: Maintaining its upward run for the third straight day, gold prices touched another peak on the Multi Commodity Exchange (MCX) in today’s trading session, March 14. The April expiry contract opened higher at ₹87,781 per 10 grams and strengthened further to hit a fresh peak of ₹88,280, marking a…
Source: Live Mint Goldman Sachs is becoming more cautious about US credit and equity markets, becoming the latest Wall Street banking major to sound the alarm amid concerns of the escalating trade war battering the world’s largest economy. For equities, a team led by Goldman Sachs’s David Kostin cut their year-end S&P 500 target to…
Source: Live Mint Stock market today: The main domestic indices, Nifty 50 and Sensex, slipped on Wednesday, influenced by a decline in information technology stocks amid concerns about US economic growth that overshadowed broader advances. As of 12:15 IST, the Nifty 50 had decreased by 0.57% to 22,368.90, while the Sensex dropped by 0.53% to…
