With both the PMIs now in the contraction zone, the odds of a recession in the US have increased dramatically as ISM non-manufacturing data are much more reliable indicators than ISM manufacturing data.
MSCI rebalancing on Monday: Adani Energy, Groww set for big inflows; RIL, Jio Financial may face outflows
MSCI’s latest rebalancing is set to drive heightened trading activity in several Indian stocks on Monday, with revised weights taking effect from September 1. The