To manage high levels of liquidity, the central bank is working its levers in the currency market
The 41-year old Jain‘s theory is based on the bet that governments in developed countries will switch to fiscal stimulus to revive their economies, since monetary stimuli by central banks have been shown to be largely ineffective.
From the market point of view, he says corporate earnings still haven‘t improved and the valuations too continue to remain at 3-4% premium to long-term average, says Vetri Subramaniam of Religare Invesco Mutual Fund.
Insurance firm Future Generali Life Insurance on Wednesday said it has appointed Jyoti Vaswani as Chief Investment Officer (CIO).
Portugal goes to the polls early next month and Spain is expected to hold an election by year-end, with recent polls in both countries showing tightly-run races so far.
The new fund offer, which opened September 10, will close on September 24. It comes with a maturity of 43 months and combines the benefits of different asset classes like debt and equity.
Two economies have already followed China's shock devaluation of the yuan last week against the U.S. dollar by nearly 2 percent.
The PBoC set the yuan fixing at 6.4010 on Thursday, weaker than the previous day's close of 6.3870 and 1.1 percent down on Wednesday's fix of 6.3306.
Both the dollar and euro held steady in early Asian trade after the dollar index slipped 0.7 percent in the previous session. The euro surged to a two-week high overnight, which had helped to support oil prices.
US commercial crude oil stocks likely slipped in the week ended July 3 after rising for the first time since April in the previous week, an expanded Reuters survey showed on Tuesday.
March's report of just 126,000 nonfarm payrolls-about 120,00 less than expected-signals the potential for a rocky start to trading Monday.
The European Central Bank's 1 trillion euro quantitative easing programme, launched this month, has prompted investors to pile into shares on bets that a weak euro, low borrowing costs and cheap oil will help company profits surge.
The Reserve Bank of India (RBI) will put up four government bonds of different tenures and interest rates for sales to raise Rs 15,000 crore on August 08, 2013. Unlike the previous auction announcement, the central bank apparently brought back normalcy by including some long term securities.
The downside in Asahi Songwon Colors is very limited from hereon. It is a decent stock to own and this is a long-term story, which ideally should give you very decent return over the next 24 months, says Rajen Shah, Chief Investment Officer, Angel Broking.
Texmaco Rail and Engineering can cross Rs 100 in about 24 months, says Rajen Shah, Chief Investment Officer, Angel Broking.
Policy thrust will be the key to growth and the return of investments. The government should focus on reviving the productivity dynamics and bring back the private investment gradually to ensure the sustainable growth.
The ongoing panic in the stock market offers a good opportunity to build a long term portfolio, feels Abhijit Gulanikar, chief investment officer at SBI Life Insurance. Of the Rs 40,000 crore managed by Gulanikar, Rs 24,000 crore (around 60%) is in equities.
Prasun Gajri, Chief Investment Officer, HDFC Life prefers banks and auto over infra space.
Buy infrastructure stocks on dips with a long term perspective, says Piyush Garg, Chief Investment Officer, ICICI Securities.