INCO News and Press, Columbia India Consumer From 08/26/22

Summary Policymakers have spent weeks trying to convince investors that there was no dovish pivot, to no avail. So it was up to Powell to reinforce the Fed’s commitment to bringing inflation back to target and I think there’s little doubt he did it. In referencin...

India’s demographic advantage puts the country in a position to be one of the fastest-growing global economies—if not the fastest. India remains synonymous with entrepreneurship, especially for technology firms. India’s growth has not been fast enough to absor...

Jackson Hole has been heavily discussed since the Fed’s supposed “dovish pivot” last month when it adopted a more data-dependent stance. While policymakers have pushed back against the idea of a pivot, markets have continued to price in a slower path of tightening...

Despite a solid fundamental outlook, headwinds have been present. The commodity run-up has clearly benefited Latin American fiscal and external accounts. Given the political currents in the region, concerns surrounding the political outlook will likely remain at the forefront. ...

India celebrated the diamond anniversary of its independence; could this be the year to seek out a “diamond in the rough” there? When digging below top-level figures, certain subsectors—like private sector banking—has enjoyed growth above headline numbers. ...

As US dollar strength continued and inflation expectations softened, the gold price fell, gold ETFs lost 81t (US$4.5bn), and speculative positions in gold futures turned net short for only the fifth time since 2006. The market reaction to the July Fed meeting may encourage a more sust...

Emerging markets Asia’s regional central banks are powering ahead with frontloaded rate hikes. By contrast, we keep getting more dovish surprises in Central Europe. Brazil’s slower pace of tightening is well-deserved – the central bank was the hiking pioneer i...

Global economic growth slowed to a crawl in July, according to the latest PMI survey data, led by the developed world falling into contraction for the first time in two years. Emerging market growth as a whole consequently remained broadly resilient at one of the fastest rates seen ov...

The latest data releases in emerging markets Asia confirmed that peak inflation in the region remains elusive. Unlike EM Asia, inflation surprises in EMEA and LATAM are actually heading south - together with actual annual inflation in some countries. There will be several importan...

The latest S&P Global Electronics PMI survey shows that expansion in the electronics sector is continuing, albeit growth momentum has gradually moderated during the first half of 2022, with new orders having slowed. The global electronics industry continues to struggle with protra...