Market Overview - Page 139

India’s chief economic advisor Krishnamurthy Subramanian hit back at the International Monetary Fund for downgrading the country’s growth projection, saying it’s “significantly off the mark.” The IMF last week cut India’s growth outlook to 9.5% for the fiscal year ending.

England’s relaxation of Covid-19 restrictions is risking the emergence of new, potentially more dangerous variants of the virus, scientists have warned. England lifted most of it last remaining restrictions on July 19, including mandatory mask-wearing and social distancing. Scotland, Wales.

Markets start the week with a predominantly positive sentiment, which can be attributed more to capital inflows than stronger macroeconomic indicators. There is some concern about China, where manufacturing PMI fell to a 15-month low of 50.3 in July, clinging.

Asian markets are losing again on Friday and are on track for their worst monthly decline since last March. However, we do note a marked improvement in sentiment compared to the start of the week. Friday’s 0.8% drop in Asian.

Economic data remains on the side of the weak dollar, especially contrasting with the brisk eurozone statistics today. Germany is reporting a 91k drop in the number of unemployed in July – the sharpest drop in 15 years and three.

The Fed did not give any clear signals about the start of the stimulus rollback at the end of its regular meeting, indicating only the existence of discussion about it. That’s not to say that stock markets breathed a sigh.

Canada’s price growth rate declined to 3.1% YoY in June from 3.6% a month earlier. However, the monthly rate remains positive (+0.2%), albeit weaker than expected (+0.4%) and one in the previous month (+0.5%). This data painted a slightly different.

Global markets seem to be in a phase where they are starting to live separately from economic reports and indicators. Otherwise, it is hard to explain why markets remained under pressure yesterday, despite very positive news. The International Monetary Fund.

China’s state media are on a mission to talk up the battered stock market and reassure rattled investors after a rout on Monday that erased more than US$570 billion from Chinese stocks listed at home and abroad. The panic sell-off.

U.S. stock index futures fell during overnight trading on Tuesday after the major averages pulled back from record highs, snapping a five-day winning streak. Futures contracts tied to the Dow Jones Industrial Average slid 55 points, or 0.16%. S&P 500.

Apple reported a blowout quarter on Tuesday, driven by sales of iPhones, which were up 50% annually to $39.57 billion in sales. That followed the March quarter, where iPhone sales were up 65.5% annually, and Apple’s holiday quarter, where sales.

Investors are dumping the Chinese yuan and Hong Kong dollar as the selloff in China stocks continues, and those currencies slid on Tuesday to lows not seen since April. Regulatory fears are spreading to other parts of the Chinese market,.