Analysts are optimistic about the future of India’s market capitalization, with some predicting that it could reach $40 trillion in the next 20 years. Sujan Hajra, chief economist at Anand Rathi Share and Stock Brokers, attributes this potential growth to India’s strong economic growth and stable currency. On the other hand, Manish Chokhani, director of
World
The recent data has caused a significant shift in the expectations surrounding interest rates in the United States. The U.S. Federal Reserve, which was previously anticipated to reduce interest rates this summer, is now facing pressure to hold off on any rate cuts. The jobs report released on Friday highlighted the strength of the U.S.
During a recent meeting between U.S. Treasury Secretary Janet Yellen and Chinese Premier Li Qiang, both leaders emphasized the importance of having difficult conversations in order to maintain a stable relationship between the two economic superpowers. Yellen highlighted the need for Washington and Beijing to responsibly manage their complex relationship, particularly in light of China’s
The recent comments made by U.S. Treasury Secretary Janet Yellen regarding China’s excess manufacturing capacity have raised eyebrows in Chinese state media. It is suggested that Yellen’s remarks may be veiled attempts to revive the “China threat” narrative and pave the way for further protectionist policies from the U.S. This angle of analysis challenges the
Samsung Electronics recently announced a staggering 931% increase in operating profit for the first quarter of the year. This unprecedented surge saw the company’s operating profit reach 6.6 trillion Korean won, a significant jump from the previous year’s figure of 0.64 trillion won. The remarkable performance in the first quarter of 2024 has surpassed initial
The stock market experienced a significant downturn on Thursday as investors reacted to various economic factors. The Dow Jones Industrial Average plummeted by 530.16 points, marking its worst session since March 2023. The S&P 500 and Nasdaq Composite also saw declines of 1.23% and 1.40% respectively. These losses were attributed to concerns over the Federal
Hungarian Prime Minister Viktor Orban, a long-time ally of former U.S. President Donald Trump and a key supporter of Russian President Vladimir Putin within the European Union, is facing significant political challenges ahead of European parliamentary elections in June. Orban, who has been in power since 2010 and is the EU’s longest-serving head of state,
The Dow Jones Industrial Average saw a second day of declines, marking a lackluster start to the quarter for Wall Street. Bond yields increased, leading traders to lower their expectations for a potential Federal Reserve interest rate cut in June. The 30-stock Dow fell by 420 points, or 1.1%, with the benchmark dropping even more
In March 2024, China’s factory activity experienced a significant upturn, marking its strongest pace in over a year. According to the Caixin/S&P Global China manufacturing purchasing managers’ index, the reading reached 51.1, the highest since February 2023. This substantial growth comes after February’s index of 50.9, surpassing economists’ expectations of 51. The positive trend in
China’s manufacturing sector saw a significant improvement in March, with the official purchasing managers’ index (PMI) rising to 50.8. This marked the first expansion in six months, providing some relief to policymakers amidst a challenging economic environment. The growth, though modest, exceeded expectations and signaled a positive trend in the sector. While the manufacturing sector