Economy poised for 8-9% growth, says CII President
“We should consider establishing a fund to support new-age manufacturing, similar to the Innovation Fund that the government has already announced. This will play a crucial role in scaling up capacity and capability to create larger large-scale Indian manufacturing businesses,” said Confederation of Indian Industry (CII) president R Dinesh.
Weak yen may actually deter Bank of Japan from hiking rates soon
The BOJ is seen raising this year’s price forecast at the next meeting on April 26 and project inflation to stay near its 2% target through 2026, said two of the sources, underscoring its readiness to jack up rates from zero later this year.
Jefferies says US stocks can rally even if Fed doesn’t cut rates
US equities are likely to continue their uptrend based on good economic news, which Zervos, the bank’s chief market strategist, expects to swamp discussions about keeping rates higher for longer.
Sensex surges 5,000 points in 80 days, turbo charged by FPI and domestic flows
The Sensex took 27 years to breach the 10,000-mark for the first time in February 2006, while it gained the next 10,000 points in just 22 months as a flood of fresh foreign flows drove stock prices higher at a faster pace.
Hot US inflation report burns hopes for June rate cut
Treasury yields also leaped in the bond market, raising the pressure on the stock market, after a report showed inflation was hotter last month than economists expected. It’s the third straight report to suggest progress on bringing high inflation down may be stalling.