The entire global investors are looking for a great event this Saturday, when the finance minister of India, will be presenting the annual government budget initiatives for this year. The budget is expected to contain lot of stimulus initiatives including tax breaks for individuals and also for corporates.
Also the foreign institutional investors are looking for [...]
The US consumer confidence index has dipped in June as per preliminary reports, and that has lead to the US stock markets sliding down today in early trade. All the three key index numbers , including Dow Jones, are down nearly 1%.
The crude oil prices are also showing weakness in today’s morning trade, due to [...]
The crude oil prices have started shooting up in the last few days, and have gone past the 72 dollars mark today. There are reports of fresh violence in Nigeria, which is a major crude exporting country, which is expected to cut down the supplies in the coming days.
Also there are reports of further stimulus [...]
There is some good news on industrial production from in Japan, which is the world’s second largest economy.
For the month of May 2009, the industrial output has gone up by a steep 5.9% compared to a month ago, making it the third successive monthly growth.
The increase is attributed to the replenishment of inventory by all [...]
The US economy continues to give mixed signals in terms of economic indicators. The job market continues to climb to record highs, while there is increase in savings rate to 15 year high level.
There are indications of recovery in industrial orders, while home prices are showing declining trend, albeit at a slower rate.
Then where is [...]
There is some bit of good news and also some bit of bad news for the US markets. The consumer spending for the month of May 2009 has edged up for the first time since February, triggered primarily by the massive government stimulus spending.
The fear of uncertain future is also having its effect, and US [...]
The world’s second largest economy, Japan, is now facing a new threat in the form of Deflation. The deflation in the month of May 2009 has been recorded at 1.1% which is the third straight month of deflation. The deflation rate is highest since 1971 and is really pulled down the confidence of the [...]
The world’s second richest person, Warren Buffett, in a television interview to a private channel, said that the US economic recovery will be a long drawn process. The efforts by Obama and US FED to jump start the economy are to be praised, he said, while adding that the results of these efforts will not [...]
The green offshoots on US economic recovery are slowing waning off, we can say. The latest new home sales data for the month of May 2009, is reported at 342000 units, which is 32% lower than what was sold a year ago.
The figure is a 0.6% decline over the 344000 recorded in April 2009, [...]
The Global credit rating agency , the Moody’s, has reaffirmed its AAA rating for the US, and said that it is expecting it to be stable. This means that the rating could be retained at AAA level for up to 18 months.
The rating agency has , however, warned that there continues to be the [...]
