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India's economic momentum stays strong with composite PMI at 60.7 in July 2024: Anand Rathi report

The Services PMI, recorded 60.3 in July 2024, has consistently held above the 60-mark for seven con…

ANI   


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S&P Global Market raised growth forecast of China, still significantly lower than India

The S&P Global Market Intelligence has upwardly revised GDP forecasts for China in its latest repor…

ANI   


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7 mins read

America's plan to fix its economy is going to screw over the rest of the world

There's a growing gap between America's interest rates and the rest of the world. That's going to c…

Linette Lopez   


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US debt is a 'noose' around the economy and makes a strong case for moving money to safer markets, veteran strategist says

The US's enormous debt load could weaken the dollar and drive investors to move their cash out of t…

Jennifer Sor   


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The US dollar is trading at its strongest level against the euro in 20 years as recession fears push the pair closer to parity

"Slowdowns fears are now arguably the main driver of currencies globally," said one strategist at t…

Carla Mozée   


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One of the euro's founding fathers says the ECB is 'living in a fantasy' by getting tough enough on inflation

Otmar Issing, the ECB's first chief economist, criticized the central bank for downplaying the risk…

Hamza Fareed Malik   


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The ECB says it's preparing a new anti-crisis tool as a surge in bond yields stirs memories of the eurozone meltdown

The ECB is back in crisis-fighting mode after Italian bond yields skyrocketed in response to potent…

Harry Robertson   


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Global investors are the most bullish on stocks in 2 years, even as 40% say AI is a bubble

Global fund managers said being long the Magnificent Seven is the most crowded trade, along with sh…

Phil Rosen   


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ECB slows pace of pandemic bond purchases after inflation jumps to decade high

The ECB is one of many central banks around grappling not only with strong inflation, but also the …

Harry Robertson   


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Why European stocks may soon start to outperform US equities, according to JPMorgan

The firm lays out five reasons why the Eurozone is set to close a return gap that's formed between …

Aruni Soni   


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Eurozone inflation hits 13-year high in September as energy crunch and supply bottlenecks send prices soaring

Inflation in Germany, Europe's biggest economy, rocketed to a 29-year high in September.

Harry Robertson   


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'Dr. Doom' Nouriel Roubini says the world economy is headed for a 'tropical storm' that will cause significant financial damage

Even a shallow recession could wreak havoc on stock prices, "Dr. Doom" economist Nouriel Roubini wa…

Jennifer Sor   


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3 mins read

From a 20% AI-fueled stock surge to tumbling market cap for Apple, here are UBS's biggest surprises for 2024

UBS said stocks could surge, China could slow, neither Biden nor Trump could get elected, and Apple…

Phil Rosen   


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The eurozone fell into a double-dip recession in the first quarter as it grappled with COVID-19 and a botched vaccine rollout

GDP shrank for the second quarter running, but economists say the worst should be behind the 19-mem…

Harry Robertson   


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The eurozone economy shrank by less than expected in the final quarter of 2020 - but analysts say the slow rollout of vaccines will limit the recovery

The eurozone economy shrank 0.7% in the final three months of the year. But the slow rollout of cor…

Harry Robertson   


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Bank of America shares 12 charts that show that the economy is about to enter a full-blown recession

"Investors too optimistic on rate cuts and not pessimistic enough on recession," Bank of America's …

Matthew Fox   


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The dollar and euro are on the verge of parity for the first time in 20 years — and it could happen within a month. Here's what to know.

"[Parity] is an indicator of lack of faith in the euro area economy going forward, which is not sur…

Phil Rosen   


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ECB says it will keep to faster pace of bond-buying to help the economy bounce back from COVID

The European Central Bank said it had weighed up the inflation outlook and decided to keep snapping…

Harry Robertson   


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European Central Bank holds interest rates and bond-buying steady as it weighs up the eurozone's recovery

The ECB's main interest rate will stay at -0.5%, while the coronavirus bond-buying package will sta…

Harry Robertson   


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Markets now see more risk in the UK's 5-year bonds than those for the most heavily indebted eurozone members

Yields on the five-year gilt soared more than 51 basis points on Monday to 4.579% amid fallout from…

Brian Evans