“India exemplifies the attributes sought by sovereign investors,” said Terry Pan, Invesco’s chief executive officer for Greater China, Southeast Asia and South Korea. Pan is the author of the report.
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
Fed officials tempered expectations for an October rate hike after Philip Jefferson and John Williams stressed patience and data dependence. Markets sharply reduced hike odds,
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