After the recent FOMC (Federal Open Market Committee) meeting, the US Federal Reserve has moved up its target from 2024 to 2023 for the first hike in interest rates, which is a potential rate hike in future faster-than-expected. Two hikes in 2023 are the estimate. In fact, a significant number of the FOMC members, though […]
One major factor that dominated oil markets is the possibility of a nuclear deal between the US and Iran, and also better relations between the two countries, based on the reported talks between the two parties. This would mean that the supply from Iran will be in the markets as soon as such a pact […]
The US Dollar remained range-bound against major currencies, as it came out of a stark weakening phase, though the unit remained weak against the Euro and the Pound Sterling. The Euro and the Yuan gained over the last couple of months against the Dollar, to the extent to 3 % to 4 %. The likelihood […]
Gold is trading at 1885 against the dollar, though it attempted breaking the resistance level 1910 unsuccessfully. What has been giving life to gold is the concerns on recovery after the second and third wave of the pandemic, inflation concerns, and also falling yields in the very recent past. Global gold ETFs lost US$1.10 billion […]
The focus of attention is gradually shifting again to the US recovery, away from the impact of the second and third wave of the pandemic. While growth is happening in the US, and the improvements in employment are good, the job gains are not entirely matching up to the estimates or expectations. With major spends […]
The GDP numbers present a picture of revival in economic activity from the depths to which it had fallen during the first wave of the pandemic. GDP growth Q4 FY 21 is at 1.60%, compared to just 0.50% in Q3. For the whole year the GDP growth is at -7.3%, which amply reflects the stress […]
The fixed income markets continue to remain more or less range-bound, eagerly waiting to factor in the probability of any future rise in interest rates. There is more or less agreement among the market participants that rates should rise at some point in time during the course of this year, but the question is when? […]
The GDP growth number for Q4FY21 was reported at 1.6% as compared to 0.5% in the preceding quarter. The GDP for FY21 was reported at -7.3%, largely reflecting the pandemic driven impact to the economy. The GVA number for Q4FY21 came in at 3.7% as compared to 1% in the preceding quarter. The yearly growth […]
The policy announcement from the RBI, after the MPC meeting, has left all the key policy rates unchanged. It has reaffirmed the commitment to continue with the accommodative stance. It was expected that the RBI may not bring about any changes in the policy as such due to two factors, (i) there was an interim […]
The fixed income market remained calm with a stable profile for the most part of the last month. The accommodative policy of the RBI has been instrumental in keeping the yields stable to lower. Yet another reason is the interbank liquidity which has been on an average upwards of Rs 5 lakh crore. The G-SAP […]
Early Hints You may be able to recall that in the Emkay Navigator, June, 2021, we had discussed the US-centric developments as follows: “The focus of attention is gradually shifting again to the US recovery, away from the impact of the second and third wave of the pandemic. While growth is happening in the US, […]
The CPI based inflation rose sharply in the month of May as against the expectations of a moderate rise from the inflation numbers of April month. The headline CPI inflation was reported at 6.30% for the month of May’21 as compared to 4.23% for the preceding month and 6.27% during the year ago period. A […]
When we work in an environment, far away from home, and which is quite uncertain and sometimes volatile too, both in terms of work and earnings, it is important that we look for growth with stability in investment portfolios. This applies more to NRIs and much less to others. The search for stability takes us […]
Inheritance of assets by NRIs can be more complex than inheritance by residents because it involves transitioning of assets between countries which involves the laws of both countries, says Namita Agarwal, AVP- Succession Planning, Emkay Wealth Management. She is a lawyer and company secretary who specializes in cross border succession laws and has advised multiple […]
The policy announcement from the RBI, after the MPC meeting, has left all the key policy rates unchanged. It has reaffirmed the commitment to continue with the accommodative stance. It was expected that the RBI may not bring about any changes in the policy as such due to two factors, (i) there was an interim […]
Joseph Thomas, Head of Research at Emkay Wealth Management feels the vaccination efforts may become more rapid with several state governments taking the initiative to source the vaccines, as vaccination alone will be able to put an end to the pandemic. It may not be reasonable or prudent to assume that there will be a […]
The GDP growth number for Q4FY21 was reported at 1.6% as compared to 0.5% in the preceding quarter. The GDP for FY21 was reported at -7.3%, largely reflecting the pandemic driven impact to the economy. The GVA number for Q4FY21 came in at 3.7% as compared to 1% in the preceding quarter. The yearly growth […]
The equity markets have been volatile with movements on both sides, mainly occasioned by developments abroad. The prospects of the US recovery, the rise in inflationary expectations and the rise in bond yields have all been factors that influenced the markets in the last two months. One factor that has attracted attention of the markets […]
