GEOPOLITICAL REASONS
Fully invested in market; banks continue to remain reasonably priced: Anand Shah
Today we have 65% of population living in rural India, 35% of people in urban India. It is very difficult to improve per capita income and consumption for somebody who still remains in the rural part because to take factories, to take jobs to the rural India will be very difficult.
The Dalai Lama may soon reveal his succession plan, and it’ll have geopolitical ramifications
What if the next Dalai Lama is found among Tibetan immigrants living in a place China does not control? That would give an entirely new twist to the Tibetan movement, causing political problems for the Chinese leadership
Global sea transport leaps most since 2010 after Red Sea attacks
Global sea transport sees a surge in activity due to geopolitical disruptions and attacks in the Red Sea. Vessels reroute to avoid conflict zones, impacting carbon emissions.
Central banks around the world have positive outlook on gold, according to World Gold Council survey
The WGC survey received responses from a record-high 70 central banks. The survey shows that Central bank sentiment towards gold remains very high, with 29 per cent saying they will add more gold in the next 12 months and 81 per cent saying that official sector gold reserves overall will grow in the same period. Optimism towards gold’s future role in global reserves continues to grow, with 69% saying that gold’s share of reserves will be higher in five years compared to 62% last year, the WGC survey said.
Dollar or other currencies? How the US is daring the world to find a dollar alternative
The United States is challenging its own foundations as the world's reserve currency with attacks on the legal system following Donald Trump's conviction. Despite growing consternation, no credible alternative has emerged. The dollar's dominance stems from U.S. democratic principles, but threats loom as sanctions and political turmoil test its credibility.
Golden era for shipping seen ahead as geopolitics boosts pricing
Shipping industry in Athens anticipates higher earnings amidst geopolitical conflicts and supply uncertainties.
The world's now oysterer: Why a coalition govt will likely add to India’s geopolitical heft, not reduce it
The Modi government has already set out to tweak its image. In his first address to NDA members on June 7, the PM said his government believed in the philosophy of 'Sarva Panth Sambhava' (all religions are equal)'. At the diplomatic level, the image of a friendly and more accommodating government would help win many more friends.
Charting the Global Economy: ECB cuts rates, US payrolls surge
The collapse of Modi’s support in Uttar Pradesh, India’s most-populous state and a one-time party stronghold, amounted to a collective rebellion from millions of people left behind in one of the world’s fastest-growing economies.
View: Whichever way you cut it, the economy’s booming and is a welcome gift for the incoming government
The Indian economy is booming with a GDP growth of 8.2% for 2023-24, surpassing estimates. The National Statistics Office data highlights this growth despite challenges in sectors like manufacturing and agriculture.
Chinese firms turn from ‘Panda’ to ‘Skunk’ as US tensions flare
Chinese investments in the US have trailed behind smaller economies like Spain and Singapore in recent years, according to the US Bureau of Economic Analysis.
ET Explains: Why RBI keeps gold abroad?
The Reserve Bank of India (RBI) has been aggressively buying gold this year, purchasing one and a half times the amount bought in the whole of 2023 in just the first four months of this calendar year. A big portion of this gold is held overseas, but the RBI is now planning to bring back a portion of these reserves. This move comes amid risks following the West freezing Russian assets. The RBI holds 822.10 metric tonnes of gold, with 387.26 metric tonnes kept in safe custody with the Bank of England and the Bank for International Settlements (BIS).
Gold's march likely to continue, use price corrections to buy
Gold prices have moved up sharply in recent times and outperformed the Nifty 50 over a 5-year period returning 17.39% against the Nifty's return of 15.24%. However, it trailed over a 10-year period returning 9.02%, against the Nifty 50 return of 13.3%. Over last three months, prices rose 19%, while over a year, they rose 22.8%.
Singapore and Kazakhstan plan Eurasia to ASEAN trade & transit corridor
Singapore and Kazakhstan strengthen economic ties, enhancing India's role as a link between Southeast Asia and Eurasia. Kazakhstan's transport initiatives and Singapore's expertise create new business opportunities. The countries sign agreements to boost trade and investment, with Singapore investing in Kazakhstan's economy. Cooperation focuses on innovation and digitalization for mutual benefit.
RBI buys 1.5 times more gold in January-April than whole of 2023
The Reserve Bank held 827. 69 tonnes worth of gold as a part of its foreign exchange reserves as of April 26,2024, up from 805 tonnes as of end December according to the latest Reserve bank of India data.
Storm brewing, vital to have safe pair of hands to take India through: Jaishankar
Amidst the backdrop of the ongoing conflict between Ukraine and Russia, as well as other geopolitical tensions, External Affairs Minister S Jaishankar stated on Monday that a "storm" is looming and is expected to escalate. He emphasized the crucial need for a steady and reliable leadership to navigate India through this challenging period. These remarks were made during an interaction at a school in Delhi organized by the Delhi Tamil Education Association, just days before the upcoming Lok Sabha election.
Singapore slings into a Wong future
Lawrence Wong, Singapore's new prime minister, faces challenges from China-US decoupling, navigating inherited strengths and emerging issues. Managing the island nation's growth amidst geopolitical shifts and economic pressures requires strategic decisions and adaptation to maintain Singapore's competitive edge.
Defence stocks: Stay bullish, just hedge a bit to avoid narrative-based decisions; 4 stocks with upside potential of up to 33%
One of the sectors which has seen strongest re-rating in the last four years has been defence. Now in the last few days, the way markets have corrected and a narrative has come on the street that it is poll jitters which is making FPI sell, without realizing the fact that after a strong phase of upward movement, the global money tends to move in one from one country to another, especially in emerging market segment, it might lead to a situation where one might end up selling the long term winner early because of the narrative. Rather than getting jittery, it would be better to create a hedge and stay with the stocks where there has been a big change in the fundamental ways things operate.
Neo-Orientalism and its discontents
The multipolar world that India advocates isn't the 19th-century version of ceaseless geopolitical competition, but one in which countries like itself are not just seen but also heard.
ETMarkets Smart Talk: Good chance of heading towards 80,000 on Sensex in 6 months: Dimplekumar Shah
Dimplekumar Shah foresees Sensex hitting 80,000. Market faces volatility due to geopolitical concerns. Strong GDP and earnings growth expected. Global inflation affects rate trajectory. BJP manifesto impacts sectors. Equity culture on the rise. Shah further says: "Technically speaking, May has been a positive month 7 out of 10 times in the last decade. However, the derivatives market is suggesting a range bound setup as of now."
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