Dear Reader , The Panorama newsletter is sent to Moneycontrol Pro subscribers on market days. It offers easy access to stories published on Moneycontrol Pro and gives a little extra by setting out a context or an event or trend that investors should keep track of. In a case of how cheer for the economy may not be so for markets, investors in US stocks fretted over excellent jobs data. US businesses added 5,28,000 jobs in July, beating most estimates by an embarrassing margin. US 2-year treasuries rose after the report, as the market priced in a more certain likelihood of another 75-basis point rate hike by the US Fed. But the S&P 500 slipped, as investors pondered over what too strong an economy could mean for interest rates. Those fears did not carry over to India, however, with the stock market rising by a strong 0.8 percent at 1.15pm. The RBI’s 50 basis point hike in the repo rate last week and its determination to stay in ‘withdrawal of accommodation’ mode is … [Read more...] about Moneycontrol Pro Panorama | Are US and Indian markets decoupling?
Bond market news
RBI Governor Shaktikanta Das. (File photo) Dear Reader , A day before the monetary policy announcement, the yield on the 10-year bond fell sharply on a media report that the MPC would signal a pause after Friday’s hike. Thankfully, the MPC held firm, refusing to oblige the bond markets. Not only did it increase the repo rate by 50 basis points, but also the MPC signalled more rate hikes in future by refusing to tone down its ‘withdrawal of accommodation’ stance. Much is being made of the fact that the policy rate is now at the pre-pandemic level. At 5.4 percent, the repo rate is now back to where it was in September 2019. But that is no big deal. GDP growth was a measly 3.7 percent in 2019-20 compared to RBI’s projection of 7.2 percent in 2022-23; retail inflation was a much lower 4.8 percent in 2019-20, compared to a projected 6.7 percent for 2022-23; the current account deficit was a comfortable 0.9 percent of GDP in 2019-20 as against projections of around 3 percent … [Read more...] about Moneycontrol Pro Weekender | Shaktikanta Das refuses to pivot
Representative image Shares slipped and the dollar hung off recent highs on Tuesday as investors eyed U.S. inflation data due a day later that will likely yield clues to any further aggressive Federal Reserve rate hikes. The stakes are high for the July U.S. consumer prices report on Wednesday after an unexpectedly strong U.S. jobs data last week boosted expectations of a sharp interest rate increase to tackle soaring inflation. The broader Euro STOXX 600 fell 0.6%, after logging its best session in nearly two weeks on Monday, with German stocks down 0.7%. Miners and autos, among top gainers a day earlier, led declines on Tuesday. Wall Street futures pointed to slim gains. "The focus is on tomorrow's U.S. inflation numbers and whether or not they are likely to show any indication of a softening of inflationary pressures," said Michael Hewson, chief market analyst at CMC Markets. Close "Are we near the peak, and will tomorrow's CPI numbers reflect that?" … [Read more...] about Stocks stumble as caution reigns ahead of U.S. inflation data
If you're serious about bringing your ideas for products to market, you should absolutely attend trade shows. They're always eye-opening. The only way to truly understand the mechanics of any industry is by attending its trade shows. One guarantee? You'll be overwhelmed. I've attended all kinds of shows over the course of my career as a product developer , including toys, back-to-school, pet, housewares, hardware, electronic, promotional, music, and more. Checking out the latest innovations and making new friends at a trade show never fails to inspire me. But I've also wasted a lot of time attending the wrong shows and not having clearly defined goals. When you're starting out, it's especially important that you make good decisions. Your resources are limited! Preparation is key. At trade shows, I meet inventors who have spent years and tens of thousands of dollars getting ready to show their product to the world. They've paid for a booth and now today's the big … [Read more...] about What Inventors Need to Know About Trade Shows
Representative image Impostor syndrome seems to be more common than actually thought, though at a collective level. People may often feel that the groups they are affiliated with may be underperforming in comparison to other groups. Although this self-critical approach may work in certain cases, it may also overlook the positives, and decrease the morale of those affiliated with the group. Many in India seem to have a collective/national-level impostor syndrome. While the Indian economy is much better placed than its peers in the emerging markets, and other economies, the government is being criticised on the economic front. The criticism comes when the fundamentals of the Indian economy are robust, despite the exogenous shocks caused by the COVID-19 pandemic, supply chain disruptions, monetary policy tightening by the US Federal Reserve, the Ukraine-Russia conflict, and inflated crude oil prices. India's macroeconomic health remains robust despite external pressures, and ongoing … [Read more...] about Bibek Debroy writes: India’s economy is better placed than its peers, other economies around the world
Shares in graphics chipmaker NVIDIA Corporation ( NVDA ) plunged Monday and continued its drop on Tuesday after the company said it expects revenue to come in significantly below its earlier estimate, primarily due to weaker gaming sales. The Santa Clara, California-based chipmaker released preliminary second quarter (Q2) earnings yesterday, showing revenue reaching $6.7 billion, well below its earlier outlook of $8.1 billion. The revised figures represent the top line contracting 19% sequentially from the previous quarter and 3% from the prior year. Key Takeaways Nvidia released preliminary Q2 earnings that show revenue of $6.7 billion, well below the chipmaker’s prior forecast of $8.1 billion. The company said weaker-than-expected gaming sales drove the revenue shortfall. Nvidia’s data center sales helped offset gaming weakness, with the segment growing 1% sequentially and 61% from the same quarter a year ago. Management sees long-term margins remaining … [Read more...] about Nvidia (NVDA) Plunges After Q2 Preliminary Results Show Weaker Gaming Revenue
If you're afraid someone is going to steal your idea, you're not alone. This is a very common fear. Will a patent help? No, not really. Not in the way you've been led to believe, anyway. Here's the truth. Protecting your idea completely -- meaning excluding all imitators -- is going to be difficult at best. If your idea becomes a successful product, the copycats won't be far behind . There will be infringers and knockoffs. This is simply a fact of life. As a person who is coming up with new ideas, I know this is not what you want to hear. It's a little bit discouraging even. But you shouldn't let this reality stop you, because there is good news. Today, success in the marketplace is all about selling first and fast, and the quickest way to transform an idea into a widely distributed product is by partnering with a company already in business. That's why licensing your invention to a company that has great relationships with major retailers is the best form of protection you can … [Read more...] about The Best Form of Protection For Your Invention Idea
Key Takeaways Analysts estimate adjusted EPS of 95 cents vs. 80 cents in Q3 FY 2021. Disney+ subscribers are expected to rise YOY, but at the slowest pace in at least seven quarters. Revenue is expected to grow at a solid rate, but to slow compared with the past several quarters. The Walt Disney Co. ( DIS ) business has recovered strongly in recent quarters as the company has emerged from the extreme impact of the COVID-19 pandemic on its theme parks and live experiences. And while most of the company's parks have reopened, business growth is also being fueled by Disney's popular streaming platforms. Both Disney+ and Disney-owned Hulu have experienced sharp increases in subscriptions in recent quarters. But the prospect of ads being sold on the service and other business concerns for the streaming industry more broadly continue to loom. Investors will be watching to see how Disney navigates this environment when it reports earnings on Aug. 10, 2022, for Q3 FY … [Read more...] about Disney Q3 FY 2022 Earnings Report Preview: What to Look For
Adrian Wail Akhlas (The Jakarta Post) PREMIUM Jakarta ● Thu, November 19, 2020 Finance Minister Sri Mulyani Indrawati has called for fair competition in the financial technology (fintech) industry to support economic growth while raising concerns over potential domination by bigger companies. The minister pointed to the absence of a “level playing field” in the fintech industry and said that as fintech startups grew, they were usually acquired by even bigger companies. “There will never be a level playing field because the bigger the company, the bigger their capital and liquidity to dominate the market. […] It is going to be difficult for new entrants to establish their presence,” she told a forum held by Bloomberg on Wednesday. to Read Full Story SUBSCRIBE NOW Starting from IDR 55,500/month Unlimited access to our web and app content e-Post daily digital newspaper No advertisements, no interruptions Privileged access to our events and … [Read more...] about Sri Mulyani calls for ‘level playing field’ through fintech policy approach
Representative image The Reserve Bank of India announced measures to ease forex inflows. This explainer helps us understand the measures and objectives behind them. What are forex inflows and why are they needed? One of the major factors of a country’s growth is higher savings. Savings are channelised into investments, which help drive the growth of an economy. If the domestic savings rate is low or the investment rate is higher than the savings rate, foreign exchange savings can be used to bridge the gap. Foreign exchange savings are nothing but net inflows of foreign capital. The Indian economy was liberalised in 1991 and efforts were made to attract forex inflows. There are various categories of forex such as Foreign Direct Investment (FDI), Foreign Portfolio Investment (FPI), NRI deposits, and External Commercial Borrowings (ECB). The government and the Reserve Bank of India welcome equity flows such as FDI and FPI, but are cautious about debt inflows because heavy … [Read more...] about MC Explains | Will steps to liberalise forex inflows help the rupee?