Major global stock markets were mostly lower Thursday amid worries about more US interest rate hikes. London, Shanghai and Frankfurt declined. Tokyo advanced. Oil prices were lower. Investors worry the Fed and other central banks look increasingly likely to tip the global economy into at least a brief recession to extinguish stubborn inflation. US inflation […]
High frequency indicators including increase in GST collection, growth in private consumption, GDP print coming above market’s expectations, CPI inflation subsiding meaningfully, and a resilient earnings, suggest a sustained growth in the near-term, said an analysis report by Cushman & Wakefield. Other high frequency indicators such as monthly PMI surveys, retail sales, etc. too point […]
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