INCO News and Press, Columbia India Consumer From 09/08/23

2023-09-08 21:40:00 ET Summary The European Central Bank meets next week and it’s not clear at this stage what decision they will come to. The CBR is expected to leave the key rate unchanged at 12% on Friday. It hiked very aggressively at the last meeting – from 8.5%...

2023-09-08 06:59:09 ET A lot is riding on the G20 summit this year, especially with notable absences that include China's Xi Jinping and Russia's Vladimir Putin. President Biden will have an opportunity to make fresh inroads with many countries in the group (that account for more than 80% o...

2023-09-08 03:30:00 ET Summary The worldwide PMI surveys compiled by S&P Global Market Intelligence indicated an eighteenth successive monthly deterioration in global trade midway into the third quarter of 2023. Rising slightly to 47.9 in August from 47.8 in July, the seasonal...

2023-09-07 05:00:00 ET Summary Global economic growth slowed for a third consecutive month in August, with falling factory output and weakened service sector growth. Developed world output contracted for the first time since January, indicating the intensifying drag on growth from...

2023-09-02 03:40:00 ET Summary The month started with a bang with the US jobs report but the following week is looking a little more subdued, starting with the bank holiday on Monday. Eurozone:  Next week is littered with tier-three events despite the large number of releases...

2023-09-01 06:30:00 ET Summary At 7.8% YoY, India's GDP print for 2Q23 was precisely in line with the consensus expectation. Nonetheless, singles out India as one of the few economies in the region where growth is actually firming, not declining. Total calendar-year growth of ...

2023-08-19 02:40:00 ET Summary Since January, China’s economic slump has led investors to turn away from investments with high exposures to Chinese economic growth, in favor of assets which can provide a hedge to China’s disappointments. India’s domestic polic...

2023-08-18 21:35:00 ET Summary The main event for next week will be the Kansas City Fed’s Jackson Hole Symposium. As the ECB is poised to continue delivering more rate hikes to combat inflation, the risks of a hard landing are growing. Next week is mostly about the UK f...

2023-08-18 11:15:00 ET Summary India's economy continues to show strong expansion in the first half of 2023, driven by domestic demand and robust manufacturing and services sectors. Foreign direct investment (FDI) inflows into India reached a record high of $85 billion in the 2021...

2023-08-12 05:30:00 ET Summary The slowdown in growth that had been more prominent in developed markets is now hitting emerging markets going into the second half of 2023. July's PMI data showed emerging markets expanding at the slowest pace in six months, supported chiefly by ser...