Global Developments & Global Equities DOMESTIC EQUITIES CONTINUE TO DEMONSTRATE RESILIENCE; AND STAGE A PHENOMENAL INTRADAY RECOVERY ON FRIDAY. The US October CPI print this week came in line with expectations. CPI growing at 0.3% on a MoM sequential basis however indicates that progress on the inflation front, in its journey towards the...
Global Developments & Global Equities RBI LENDS A HELPING HAND TO BANKS, LOWERS CRR, AND FACILITATES DEPOSIT MOBILIZATION US ISM services PMI came in much weaker than expected this week. The November jobs report however was along expected lines and further underscored the resilience of the US economy and labor market. University of Michigan’s...
Global Developments & Global Equities INDIA Q2 GDP SHOCKER PUTS NEXT WEEK’S POLICY IN SPOTLIGHT India’s Q2 GDP print was a big negative surprise, coming in at 5.4% against consensus expectations of 6.5% and the RBI estimate of 7%. The GVA print came in at 5.6% against the expected 6.3%. The...
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