The last time that the Chinese economy was downgraded by a rating agency was nearly 3 decades back in 1989. That was in the immediate aftermath of the Tiananmen Square massacre where the Red Army had rolled its tanks over a student protest resulting in the death of 10,000 students. Since the early 1990s, China …
As we herald a new year, the real action could be on the global front. Year 2016 was quite eventful. On the political front, Donald Trump was elected as the president of the US against all odds. Surprisingly, Britain voted in favour of moving out of the EU (popularly called BREXIT). On the economic front, …
A full 2 months after Trump was elected as the 45th President of the US, he addressed the press for the first time on January 11th 2017. There were a lot of hopes and expectations built around the Trump speech as key announcements were expected. However, it needs to be said that while the speech …
With the UK Prime Minister, Theresa May, officially sending the letter for exiting the EU to the European Union, the process of UK seceding from the European Union has officially begun. The BREXIT vote went through in June 2016 and the actually process of UK exiting the EU has started exactly 9 months later. From …
The Purchasing Manager’s Index (PMI) is released for the previous month by IHS Markit on the 01st of next month. On November 01st, the IHS Markit released the PMI numbers for major world economies. So, what is the PMI all about? PMI is basically a barometer of the health of the manufacturing sector. The PMI …
Last week, pharma stocks were among the worst performers on the bourses, with the NSE pharma index falling by nearly (-9.09%). The trigger was an investigation that had been launched by the US Department of Justice into generic drug companies operating in the US. According to the US department of Justice (DOJ), many of these …
The outcome of the US presidential elections are still unknown and that uncertainty slowly creeps on to impact the stock market as well. However there are opposing views to this as well, as is prevalent in the stock market. While some say that the presidential elections in the US do not affect the Indian stock …
Image Source: The Telegraph So it is official now! Donald Trump will be the 45th President of the United States. His victory was not only unexpected but also feared. The impact was visible across markets. The Mexican Peso crashed sharply, US Dollar also lost value against hard currencies, the bond markets tanked and the Dow …
The trade data for the month of January 2017 was announced on 15th February. Compared to the previous month of December 2016, exports were down but imports saw a sharper fall. This led to the trade deficit reducing marginally from $10.37 billion in Dec-16 to $9.85 billion in Jan-17. The data for Jan-17 also assumes …
The much awaited Donald Trump’s address to the Joint Session of Congress actually evoked mixed feelings. There is no gainsaying the fact that the speech was thoroughly inspiring. With his focus on “Making America Great Again”, Trump managed to almost recreate the now-famous “Audacity of Hope” speech delivered by Barack Obama a little over 8 …
