The next big global event after the Fed's rate stance is the US election outcome. How are the markets preparing for it?
The US elections are very tightly poised. What once appeared to be an easy win for the Republicans shifted with the announcement of a new candidate. In the short term, both candidates are promising significant increases in spending without corresponding tax policies, which might initially boost the global economy and US markets. However, the US has been running a high fiscal deficit of around 6 per cent despite strong macroeconomic tailwinds over the past eight years. In the longer term, these increased expenditures could have negative repercussions for both US and global financial markets.
Is the Indian stock market ripe for a sharp correction?
This story is from the September 23, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber ? Sign In
This story is from the September 23, 2024 edition of Business Standard.
Start your 7-day Magzter GOLD free trial to access thousands of curated premium stories, and 9,000+ magazines and newspapers.
Already a subscriber? Sign In
Venezuelan crude flows to state refiners via 3rd parties
STAGING A COMEBACK Oil imports from Venezuela (In $ mn)
Vi rings in $3.6 bn gear deal with global vendors
Mega pact comes a day ahead of telco's meet with investors, analysts
iPhone 16 series made in India, but still costlier: Blame 18% GST
Differential with US, UAE, Thailand significant despite lower launch MRPs
Bajaj now third most valued finance group
With combined mcap of ₹10.36 trn, it goes past SBI group
We are now an independent company, says Aakash CEO
With Byju's facing insolvency, AESL chalks out '2.0' strategy
No EV unit planned beyond Chakan: M&M
UV maker Mahindra & Mahindra (M&M), which enjoys a 21.6 per cent revenue market share in the segment, is progressing with its upcoming electric vehicle (EV) and EV battery manufacturing plant in Chakan.
InGovern raises concern over delay in Religare AGM
Proxy advisory firm InGovern on Sunday expressed concern over governance in Religare Enterprises amid a delay in its annual general meeting (AGM) without a valid reason, and called for a comprehensive probe by the Securities and Exchange Board of India (Sebi) into the postponement.
Tupperware boxed in by stiff competition in India
Tupperware, the iconic maker of colourful, stackable plastic containers, last week filed for bankruptcy in a US court – a move that lifted the lid on its financial problems.
Need to balance privacy and AI innovation: ITIC
Global tech body Information Technology Industry Council (ITIC) has urged the Indian government to strike a balance between individual privacy and innovation in the country's upcoming rules under the Digital Personal Data Protection (DPDP) Act.
Fully compliant: DreamFolks amid airport lounge issues
DreamFolks, a lounge access provider, clarified on Sunday that all its \"contractual agreements remain in full force\" amid disruptions experienced by passengers accessing airport lounges.