Nov 19, 2020 12:23 pm
• Markets stuck between discounting the hopes for the vaccine and the reality of building COVID cases. • Economists mark back their growth forecasts for the fourth quarter. • Central bankers give every indication of remaining supportive, indeed they may even reinforce their easy monetary policies in the coming months. • In reality government bonds…
Read MoreNov 9, 2020 7:31 am
• The US Presidential election saga seems to be drawing to a close. • The Fed is back in play with monetary policy likely to take up the slack from tame fiscal easing. • A lighter shade of green policies and less of a tax burden on the corporate sector than previously envisaged are the…
Read MoreNov 3, 2020 12:25 pm
The much-needed festive cheer, in this difficult year, is upon us and India bent the Covid19 curve, as well as corporate India is delivering better than expected earnings for the past quarter. However, parts of the world continue to grapple with the pandemic and its consequences. Europe’s second wave figures far exceed the first wave…
Read MoreNov 2, 2020 10:04 am
• A range of possible outcomes of US elections has the markets on edge • A Biden win with a Democrat Senate still the most likely outcome – but there is no certainty • A Trump win is an improbable but possible outcome • Europe back into lockdowns – waiting for policy makers to respond…
Read MoreOct 26, 2020 9:13 am
• US long-dated bond yields rise • Hopes for a blue wave – Biden presidency and Democrats taking the Senate • However hopes for a large fiscal package may not warrant a prolonged rise in rates • The oil sector is a stand out underperformer that may have hopes of better times • Market starts…
Read MoreOct 19, 2020 9:40 am
• Markets have a positive bias, but global growth has lost momentum • Markets still reluctant to fully discount an emphatic Biden win • A Biden win and a vaccine by the end of year could propel risk markets higher • We search through the serial laggards to see where a bounce is possible •…
Read MoreOct 13, 2020 4:13 am
• The markets have made progress of late despite the lack of vaccine approval • Good US service sector suggests a broadening of the recovery • Strong car sales and house purchases add to the confidence • US credit markets benefit from the better news • The risks remain – slow progress on the fiscal…
Read MoreOct 10, 2020 6:14 am
In line with market expectations, the newly appointed Monetary Policy Committee (MPC) in its first meeting today, October 09, 2020, decided to keep rates unchanged, while deciding to maintain accommodative stance for as long as necessary to revive growth on a durable basis. To support the financial markets the RBI announced measures to provide liquidity….
Read MoreOct 6, 2020 5:28 am
• Not just waiting for news on President Trump’s health • Market momentum can only be re-established with news of further policy easing • Global economic data is OK but there are fears that a spike of COVID cases could accelerate job losses • Tech and China still have the better support from fundamentals. •…
Read MoreOct 5, 2020 12:25 pm
Covid continues to dominate headlines and mind space for most of us albeit in different ways. India continues to tread towards full unlocking, and we may have bent the curve. The US is also reporting fewer fatalities, although the focus is now on the convalescing the President and the first lady. Europe despite being firmly…
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