BUSINESS
The Reading List: July 2, 2021
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams.
BUSINESS
Chart of the Day | Indian manufacturing shrinks in June
With the resurgence of COVID-19 in several countries, the manufacturing recovery in much of Asia lost momentum
BUSINESS
Story in charts | Did the second wave hit investment demand?
Capex is still stagnant, but some believe an upswing is around the corner
BUSINESS
The 10-year government bond is no longer a market benchmark
There is very little floating stock in the current 10-year paper
BUSINESS
The Reading List: June 25, 2021
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
BUSINESS
Chart of the Day | Corporate earnings race ahead of expectations
Investors were surprised by the beat in earnings across several sectors, leading to an upward revision in earnings for FY22 and FY23
BUSINESS
Chart of the Day | Housing price growth decelerates in first year of pandemic
For FY 2020-21, the average rise in housing prices was 2.2 percent, compared to 3.4 percent and 3.6 percent in the previous two years
BUSINESS
Chart of the Day | The impact of a Fed taper on US real yields and the EM carry trade
If US real rates trend higher ahead of potential tapering, then EM FX could be affected, hurting inflows to emerging markets
BUSINESS
The Reading List: June 18, 2021
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
BUSINESS
Despite US Fed’s hawkish stance, rupee still could strengthen over the medium term
Pandemic control, economic recovery and earnings boost could attract more foreign capital inflows
BUSINESS
RBI MFI regulations good on intent, but might be difficult to implement
The central bank wants household income to be the anchor for microfinance lending. But household income might be difficult to assess
TRENDS
Chart of the Day | Long commodity overtakes long Bitcoin as most crowded global trade
Bank of America survey finds investors are ‘bullishly positioned for permanent growth, transitory inflation & a peaceful Fed taper via longs in commodities, cyclicals & financials’
TRENDS
IIP paints a bleak picture of discretionary consumption
The index of consumer durables production was lower in April 2021 than in April 2016
BUSINESS
The Reading List: June 11, 2021
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
BUSINESS
Chart of the Day: This year’s MSPs have been fixed with one eye on inflation
Even with the pressure of farmer agitations, the government has not pressed the MSP pedal too hard this year. Capital markets may be happy but farmers, not as much
BUSINESS
Chart of the Day | India’s output loss from COVID-19 will be 9.3 percent at 2022-end: World Bank
If the Indian economy will not recoup its output losses even at end-2022, what exactly are the equity markets celebrating?
BUSINESS
Is risk aversion the only reason behind tepid bank credit growth?
Companies were deleveraging, and in some instances, switching borrowing to bond markets to take advantage of falling spreads
BUSINESS
COVID-19 in India | Prime Minister Narendra Modi’s speech instils hope, but challenges lie ahead
With confusion over the vaccine policy cleared, there are challenges for both the Centre and state governments. More types of vaccines would mean different protocols for its transfer and administration. Here seamless co-ordination between the Centre and states is essential
BUSINESS
Interview | Indian economy will be back on its feet again by 2021-end: Moody’s Analytics’ Steven Cochrane
Unlike last year when the bounceback was fast, this time the comeback in the third and fourth quarters will be slower, says chief APAC economist of Moody’s Analytics
BUSINESS
The Reading List: June 4, 2021
A selection of articles and social media gems from the world of economy, business and finance, curated by our research and opinion teams
TRENDS
Chart of the Day: Global food prices near previous peak, domestic prices take a breather
FAO index shows edible oils take the crown for price increases. At home, edible oil and sugar prices have risen sharply on the back of global movement while other food items are showing benign trends
TRENDS
Chart of the Day: Rainfall exceeded forecast levels in the past two years
For agriculture, what really matters is the geographical spread and timing of rainfall during the season
BUSINESS
Chart of the Day | The Indian private sector contracted in May
The Services PMI show the sector shrank in May, pulling down the overall economy
BUSINESS
Chart of the Day: Real policy rate is negative in India
The central bank will depend on its arsenal of unconventional measures, including more bond buying, to provide monetary accommodation and support growth
