For all its single-minded focus on lowering inflation, India's central bank may be forced to acknowledge slowing growth in Asia's third largest economy by cutting interest rates -- probably faster than it expected.
from Expert Zone:
(Any opinions expressed here are those of the author and not of Thomson Reuters)
A turbulent week saw the Nifty closing down 3.6 percent at 8,002, but this seems a marginal loss considering Monday’s intraday crash where the index touched a low of 7,667, its sharpest fall in 30 months. The week saw net selling to the tune of $1.9 billion by foreign portfolio investors with mid- and small-caps facing the maximum brunt.
from Morning Bid with David Gaffen:
This seems like a day best fit for Mad Magazine-style descriptions of what we're about to see in the equity market. Suffice to say that in the past, the weak trend evinced in the quarterly stats for earnings growth were often restored to some sort of level people could live with once Apple figures were released.
One way or another, the end game for Greece approaches.
Last night, Greek Prime Minister Alexis Tsipras left talks with senior EU officials in Brussels saying a deal with creditors was "within sight" and that Athens would make a payment due to the IMF on Friday.
We’ve heard various dates for when Greece will run out of money and some have already passed without incident but it is clear Athens’ cash position is getting increasingly desperate and it hasn’t yet managed to win over its creditors with economic reform plans.
The U.S. Federal Reserve may find it even more tough to raise interest rates as the year wears on if dwindling expectations for growth are any guide.