Economy

Why stock market investors should be closely watching bond yields

Timing bear markets is never easy, but it’s even more so with fixed income. When they do occur, they are often fairly quick in nature. Both instances of sovereign bonds cheapening in 2018 have been characterized by such behavior. In February, stock markets were roiled by the 40 basis point rise in 10-year U.S. yields . Yields have an inverse ... Read More »

Every state in India now has a functional airport

If tourists wanted to visit the north-eastern state of Sikkim, normally they would land at West Bengal’s Bagdogra airport and then travel the rest of the 124 km by bus or car to reach Sikkim’s capital city of Gangtok. But, that’s set to change with Pakyong airport opening for business today. The first flight to Sikkim’s first airport took off today morning from ... Read More »

Series of reforms transformed economy: Jaitley 

New Delhi, Aug 27 () Finance Minister Arun Jaitley has cited IMF reports to highlight how the Narendra Modi-led government through a series of reforms has transformed the “weak economy” it inherited from the UPA government. Jaitley, in a Facebook post, said an analysis of what the IMF had to say in 2014 was very clear — high inflation, high ... Read More »

Global Economy Week Ahead: U.S. GDP Revisions and Other Data

The U.S. Commerce Department releases personal consumption data this week,a measure of household spending on everything from hospital stays to groceries. PHOTO: SCOTT OLSON/GETTY IMAGES In the week ahead, the U.S. Commerce Department releases second-quarter gross domestic product revisions and July personal-income figures. Overseas, Brazil will see second-quarter gross domestic product data and China will release factory-activity numbers. Wednesday: The Commerce Department ... Read More »

Partisanship’s a Helluva Drug — And It’s Reshaping the Economy

Spencer Platt/Getty Images Since his inauguration, President Donald Trump has tweeted about the economy, stock market, unemployment and/or consumer confidence at least 172 times. Read those messages, and you’ll find one consistent theme: The notion that Americans’ sky-high confidence in the economy is evidence of Trump’s popularity and success. “Our Economy is doing better than ever,” he said in a fairly representative tweet ... Read More »

The Myths About China’s Economic Slowdown

An employee counts 100-yuan notes at a bank in Nantong in China’s eastern Jiangsu province on July 23, 2018. China’s real GDP growth peaked in 2007 at 14.2%, and has been trending downward since. By 2017, it dropped to 6.8%. That much is clear and unmistakable. The problem is how to interpret the slowdown, especially in light of some recent ... Read More »

Deteriorating finances batter the SA economy

nternational rating agency Fitch in June also revised its South Africa outlook from the 2.3 percent it forecast previously to 1.7 percent. Photo: Reuters JOHANNESBURG – South Africa’s battling economy pushed further to the edge yesterday as Moody’s flagged that the country deteriorating public finances and weak domestic spending constrained retail sales. Moody’s said the pace of the country’s fiscal consolidation would ... Read More »

Indonesia sets moderate economic goals; economy expected to grow by 5.3% next year

Indonesia’s economy is expected to expand by 5.3 per cent in 2019.PHOTO: REUTERS JAKARTA – Amid rising external pressures, Indonesia’s economy is expected to expand by 5.3 per cent next year on the back of stronger domestic consumption, investment and export, President Joko Widodo told Parliament on Thursday (Aug 16). The growth will be oriented towards equality by accelerating development ... Read More »

Rupee trades marginally higher against US dollar

So far this year, the rupee has weakened 7%, while foreign investors have sold $410.30 million and $5.62 billion in equity and debt markets, respectively. Photo: Mint Mumbai:The Indian rupee on Wednesday was trading marginally higher against the US dollar, tracking gains in local equity markets. At 9.12am, the rupee was trading at 68.64 a dollar, up 0.05% from its ... Read More »

Why business expectations are so tepid despite recovery in Indian economy

The government cannot let the recovery in the Indian economy take its own sweet time, not with the elections less than a year away. Photo: Mint The Nikkei India Composite PMI Output index, a gauge of private sector economic activity in both the manufacturing and services sectors, came in at a strong 54.2 for July, up from 52.6 in June. A ... Read More »