Manas ChakravartyMarkets across the world have suddenly been spooked by fears of a growth slowdown. Here’s what the Reserve Bank of India said in its monetary policy statement a few days ago: "…global economic activity has shown increasing signs of weakness on rising trade tensions. Among advanced economies, economic activity appears to be slowing in the US in Q42018, after a buoyant Q3. The Euro area growth lost pace in Q3, impacted by weaker trade growth and new vehicle emission standards. The Japanese economy contracted in Q3 on subdued external and domestic demand."The RBI said growth was also slowing in some emerging markets, most importantly China. For India too, there have been warnings of lower growth after the September quarter gross domestic product growth came in lower than anticipated. Fitch Ratings has been the latest to jump aboard the bandwagon, reducing its estimate of India's GDP growth this fiscal from 7.8 percent earlier to 7.2 percent.Close … [Read more...] about Quick Take | Does the market really have a reason to worry about lower global growth?
Bear market what is it
No wonder the S&P 500 index fell to a 14-month low on Monday. The market’s fears of a slowdown in economic growth are coming true.The December Flash Composite Purchasing Managers Index (PMI) for the US, a gauge of private sector activity, has come in at a 19-month low.The pace of expansion is still solid, but it’s slowing.Close Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about 100-Word Take | The reason for the plunge in the US market
Sakina MandsaurwalaPrecious metals continue to trade weak on account of overdue extended trade tensions between the US and China. Strong job growth data in the US highlights the resilience, indicating that US Fed Chairman Powell might keep policy unchanged in the upcoming FOMC meeting in December.In the base metal complex, except copper, all other metals continue their selling trajectory due to subdued demand. Copper prices traded positive with 2.5 percent post the US strong numbers, Adrawdown in inventory levels and on the encouraging China trade talk speculation.Close Both Nymex Crude and Natural gas closed higher with 2 percent gains. Crude oil remained supported as the OPEC+ nations surprised with additional cuts to avoid the oversupply in the global oil market while Nymex natural gas closed higher on the forecast of moderate weather next week. related news Trade deal optimism, positive China manufacturing data may limit further downside in Zinc How to evaluate your risk … [Read more...] about ‘OPEC move may help balance oil market; support for Nymex prices seen at $55/bbl’
Manas ChakravartyA 25 basis point hike in the US Fed Funds rate this week has already been priced in by the markets. What's more interesting is that the markets believe the policy rate will be either at the same level in December 2019, or at most, there will be just one more hike.A combination of dovish remarks by US Fed officials and fears of a US slowdown have led to lowered market expectations of Fed rate increases. The Fed Chairman's comments will tell us whether this view is correct and whether emerging markets can look forward to a weaker dollar.Are you happy with your current monthly income? Do you know you can double it without working extra hours or asking for a raise? Rahul Shah, one of the India's leading expert on wealth building, has created a strategy which makes it possible... in just a short few years. You can know his secrets in his FREE video series airing between 12th to 17th December. You can reserve your free seat here. … [Read more...] about 100-Word Take | The market is hoping Fed chief Powell has become a dove
The Indian benchmark indices were trading on a negative note on Wednesday afternoon with the Nifty shedding 73 points at 10,175 while the Sensex was down 200 points.The Nifty metal Index was down 1.7 percent dragged by Bhushan Steel, Hindalco Industries, NALCO, Vedanta and Welspun Corp among others.The PSU banking index was also trading in the red, plunging 3.2 percent as stocks like Canara Bank dipped over 7 percent while Bank of India and Andhra Bank were down over 4 percent. State Bank of India, Punjab National Bank, Bank of Baroda and Allahabad Bank were all down over 3 percent each.Close From the Nifty the stocks which gained the most were HCL Tech which gained 1.3 percent while Tata Motors was up 1 percent. Bharti Infratel, Zee Entertainment and ITC were the other top Nifty gainers. related news Sebi orders LIC, SBI, Bank of Baroda to reduce stake to … [Read more...] about Market Update: 170 stocks hit new 52-week low as Nifty PSU bank plunges over 3%; SBI top loser