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India`s growth likely to slow to 6.3% in FY 2023/24: World Bank The World Bank in its latest edition of Global Economic Prospects has said that India’s growth is likely to slow to 6.3 per cent in FY 2023/24 (April-March), a 0.3 percentage point downward revision from January. This slowdown is attributed to private consumption being constrained by high inflation and rising borrowing costs, while government consumption is impacted by fiscal consolidation. Though, it also said India will remain the fastest-growing economy (in terms of both aggregate an...
India`s growth likely to slow to 6.3% in FY 2023/24: World Bank
India`s growth likely to slow to 6.3% in FY 2023/24: World Bank
Source: Accord Fintech
7/06/2023 9:33:42 AM
Domestic financial markets remained orderly in 2022-23, says RBI annual report Reserve Bank of India (RBI) has said that in 2022-23 the domestic financial market movements remained orderly, notwithstanding persisting impact of global spillovers during the year. "Relentless strengthening of the US dollar and aggressive tightening of monetary policy by the US Fed impacted portfolio flows, as in other emerging markets economies (EMEs)," the central bank said in its annual report for 2022-23, released on Tuesday. It further said that the Indian equity market...
Domestic financial markets remained orderly in 2022-23, says RBI annual report
Domestic financial markets remained orderly in 2022-23, says RBI annual report
Source: IANS
30/05/2023 1:46:40 PM
Emerging market funds see big inflows in January on China reopening  Emerging market bond and equity funds received heavy inflows in January after a dry patch last year, aided by China's reopening and softening inflation pressures worldwide. According to Refinitiv Lipper data, which covers over 33,700 emerging market (EM) funds, EM equity funds received $13.2 billion, and EM bond funds obtained $11.36 billion in January. Both the inflows were the highest in over a year.   Fund flows: EM equities and bonds   In 2022, EM bo...
Emerging market funds see big inflows in January on China reopening
Emerging market funds see big inflows in January on China reopening
Source: Reuters
7/02/2023 2:41:17 PM
Morgan Stanley raises Asia, emerging markets index targets Investment advisory firm Morgan Stanley has raised Asia and emerging market (EM) index targets in its latest report titled "Asia Emerging Markets Strategy: New Bill Run Market Continues", which was released on Monday. Expressing confidence in emerging markets bull cycle, it said that "a new bull cycle is beginning". "We now feel even more confident in a new bull cycle for Asia/EM equities. We raise our base case MSCI EM target a further 10 per cent to 1,100 (12 ...
Morgan Stanley raises Asia, emerging markets index targets
Morgan Stanley raises Asia, emerging markets index targets
Source: IANS
5/12/2022 5:05:13 PM
Deglobalisation, tight finance, commodity shocks cast shadow on Asia`s emerging markets: Moody`s Deglobalisation trends, commodity shocks, tighter finance cast a shadow on Asia's emerging markets (EM) which remain an important global growth engine, said Moody's Investors Service. According to Moody's as capital flows to EMs slow, smaller frontier markets in Asia face financing risks. In both larger and smaller economies, the sociopolitical repercussions of the rising costs of necessities like food are at risk. "The key question today is whether aggressive monetary ...
Deglobalisation, tight finance, commodity shocks cast shadow on Asia`s emerging markets: Moody`s
Deglobalisation, tight finance, commodity shocks cast shadow on Asia`s emerging markets: Moody`s
Source: IANS
8/09/2022 4:43:52 PM
Corporates in emerging markets will log better earnings: Moody's Credit rating agency Moody's Investors Service said the earnings of emerging market (EM) companies in Asia-Pacific region will be better than that of companies in development markets (DM). Amongst the five countries - China, India, Malaysia, Indonesia and Thailand - where Moody's has the largest coverage of companies, India's improvement is the strongest, Moody's said. "On aggregate, rated EM companies' EBITDA will grow 28 per cent this year compared with 2019. ...
Corporates in emerging markets will log better earnings: Moody's
Corporates in emerging markets will log better earnings: Moody's
Source: IANS
2/09/2022 2:40:29 PM
Urgent need for coordinated action across countries for swift post-pandemic recovery: FM Nirmala Sitharaman Sharing insights on the economic outlook, risks and near-term policy challenges for Emerging Market Economies (EMEs), Finance Minister Nirmala Sitharaman has expressed an urgent need for coordinated action across countries to not only enable swift post-pandemic recovery but also to build resilience to future shocks. While explaining India’s policy approach, Sitharaman mentioned that an accommodative fiscal stance was also accompanied by major structural reforms, including the bankrup...
Urgent need for coordinated action across countries for swift post-pandemic recovery: FM Nirmala Sitharaman
Urgent need for coordinated action across countries for swift post-pandemic recovery: FM Nirmala Sitharaman
Source: IANS
20/04/2022 2:51:11 PM
Investors dump emerging market funds on slowdown worries  Mutual funds that invest in emerging market (EM) equities and bonds have faced huge outflows over the past month, as the intensifying Russia-Ukraine crisis spawns fears over higher inflation and slower economic growth in these markets. According to Refinitiv Lipper, a cumulative $8.1 billion has flowed out of EM equity funds and $5.73 billion from bond funds in the past four weeks. This is in contrast to last year's heavy inflows, when EM bond funds received $232 billion, whil...
Investors dump emerging market funds on slowdown worries
Investors dump emerging market funds on slowdown worries
Source: Reuters
25/03/2022 8:05:53 PM
Emerging markets not as cheap as they appear: Goldman Sachs Despite last years more than 20 percentage point underperformance, emerging market (EM) equities are not as cheap as they appear once adjusted for sector differences with the S&P 500, marquee firm Goldman Sachs said in a report. In addition, sell-side analysts are very bullish on EM stocks, making them vulnerable to a shift in sentiment, it added. Earnings outside the US have substantially lagged those of the US across most sectors since the pre-crisis peak in earnings in 2007. T...
Emerging markets not as cheap as they appear: Goldman Sachs
Emerging markets not as cheap as they appear: Goldman Sachs
Source: IANS
12/01/2022 10:02:31 AM
EM flows tumble in November from year-ago record - Institute of International Finance (IIF) NEW YORK - Portfolio flows to emerging markets slowed by $100 billion last month from a year earlier and decelerated from October, hit by increased bets on tighter U.S. monetary policy and by weaker EM currencies, the Institute of International Finance (IIF) said. Non-resident flows to emerging markets landed at $15.6 billion last month, compared with $18.6 billion in October and $115.5 billion in November 2020, IIF data showed on Friday. The November 2020 monthly inflow was the la...
EM flows tumble in November from year-ago record - Institute of International Finance (IIF)
EM flows tumble in November from year-ago record - Institute of International Finance (IIF)
Source: Reuters
3/12/2021 7:18:10 PM
Emerging markets feel the heat of the 'bondfire' LONDON- Just when developing economies were ready to bask in the post-COVID rebound in global growth, in sweeps a bond market blaze to scorch them again. Most major investment banks were predicting a stellar 2021 for emerging market assets as long as one crucial snag - global borrowing costs rising too fast - was avoided. Well guess what, they are on a tear. February saw their steepest monthly gain since Donald Trump's shock 2016 U.S. presidential election win and, though the move c...
Emerging markets feel the heat of the 'bondfire'
Emerging markets feel the heat of the 'bondfire'
Source: Reuters
2/03/2021 9:24:13 AM