Sep 12, 2025 12:17 pm
Atmanirbhar Bharat The 50% tariffs on Indian exports to the U.S. took effect in August. In response, Indian policymakers are focusing on boosting domestic growth through tax cuts, rate cuts, GST reforms and liquidity measures, while pursuing FTAs with key partners and improving ties with China. Additionally, PM Modi’s Independence Day speech hinted at more…
Read MoreSep 9, 2025 7:55 am
• US labour market weakness supports immediate rate cuts, inflation data in focus. • Japan: Wages surprise positively, reflation narrative constructive for equities • China: Equities cool after strong rally – speculative excess makes regulators cautious • Russia, China, and North Korea aligning makes Ukraine even more a proxy war • Oil weakness easing inflation…
Read MoreSep 3, 2025 2:22 am
The world economy entered late summer with a mixed picture. In the United States, consumer spending remained resilient, supported by a firm labour market and decent wage growth, but inflation in services proved stubborn. That being said global economic data was baised to strnger than expected and inflation lower than expected helping asset markets perform….
Read MoreSep 2, 2025 9:06 am
• Markets on data watch • Friday’s US employment report key to pricing of rate cuts • An evolving Tech storyUS consumers under pressure • The strategic rise of the Shanghai Cooperation Organisation Last week US markets swung between optimism and caution, as shifting policy expectations and renewed consumer discomfort made investors jittery. It was…
Read MoreAug 26, 2025 7:04 am
• Jerome Powell appears to concede defeat and opens the door to a rate cut • However another leg of inflation and employment data comes before the next Fed meeting • The Fed must still fear the impact of tariffs • However political pressure looms large • We fear US yield curve steepening • And…
Read MoreAug 20, 2025 10:54 am
• PPI shock: US producer prices surged +0.9% MoM, reviving inflation risks. • US equity market stress rising: Leverage at record highs; valuations appear stretched. • US retail resilience may fade: Strong spending, but manufacturing falters. • Powell’s Jackson Hole pivot: We expect an adjustment to Fed communication • Global rotation: Europe, Japan, and China…
Read MoreAug 12, 2025 10:54 am
• U.S. strikes trade deals with some partners but escalates tariff pressure on others. • Weak jobs data signals a slowdown in U.S. private-sector economic activity. • Recent escalation of tariffs tensions with US may keep Indian markets volatile, base case for a negotiation to be reached • India Inc. earnings broadly in line, but…
Read MoreAug 11, 2025 5:34 am
• Global growth data beating expectatations and inflation still to the low side has helped markets • US CPI due this week a test, but in reality too early to tell of likely inflation pass through from tariffs • The nomination of Stephen Mirran to the FOMC a sign of the times • Credit markets…
Read MoreAug 6, 2025 7:06 am
• President Trump springs bad surprises on tariffs and integrity of US economic data • Effective tariff levels are heading towards the levels announced in April • Global growth is slipping, and central bankers may move cautiously going forward • The US will likely pay for undermining the integrity of its economic data in higher…
Read MoreAug 5, 2025 10:00 am
In July 2025, the aggregate data played to good returns for equities and bonds. the global economic growth landscape exhibited a nuanced blend of resilience and underlying challenges. The ongoing front loading of activity as companies and to some degree consumers scarmbled to avoid the forthcoming impact of tarffs led ot stronger than expected growth….
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