Following are five big themes likely to dominate thinking of investors and traders in the coming week. WHEN DOVES COO It's just over a week since the U.S. Federal Reserve formally paused its rate-rise campaign but central bankers around the world are falling over themselves to emulate Jerome Powell's dovish turn. Australia's Philip Lowe, having said for a year the next rate move was up, suddenly declared rates could go either way. The European Central Bank can hardly cut its minus 0.40 percent rate but a new round of bank funding stimulus is now widely expected. The rate cycle has turned across emerging markets too -- India has cut rates for the first time in 18 months; several others including Brazil have hinted at cuts ahead. And upcoming central bank meetings in New Zealand and Sweden are sure to highlight growth concerns. The shift is showing up on currency markets. The dollar fell in December and January as the Fed pause was priced in. Now it's everyone else's turn: the Aussie has … [Read more...] about Take Five: When doves coo – World markets themes for the week ahead
Asia food market
Mumbai: Indian equity investors are facing a great dilemma: benchmark stock indices hover near record highs when economic growth is near multi-quarter lows. The BSE Sensex closed just shy of its lifetime high on Wednesday. After scaling a new intra-day record of 40,816, the 30-share index ended 181 points, or 0.45%, higher at 40,651, 2 points short of its all-time closing high, hit on November 7, 2019. Nifty closed just below the crucial 12,000 mark, advancing 59 points, or 0.49%, to end at 11,999. But the broader market is telling a different story, indicating that only a narrow band of stocks are supporting the rally. “It is only at the index level and a narrow list of stocks that are making it look like the market is doing very well. The broader market has not been in a great shape for the past couple of years,” said Gautam Chhaochharia, Head of Research at UBS Securities. BSE-500 index closed at 15,461 on Wednesday, and was 2.67 per cent, or 426 points, away from … [Read more...] about What’s driving stock market to record high despite multi-quarter low growth?
As people in India prepare for Diwali, the nation's biggest festival of lights, the markets are flooded with people, who are leaving no stone unturned in their attempt to stock up for the holiday. There is a general belief that a global economic slowdown has affected the markets; however, this was not visible a day ahead of Diwali. © Sputnik / Sandeep DattaIndia light festival However, it looks like religious fervour has replaced general complaints about inflation or a financial crunch for the time being, as people are arriving in massive numbers to purchase all their decorative items and everything else involving the celebration of Diwali. Of course, the restrictions imposed on firecrackers this time due to pollution have had an effect, as there are hardly any firecracker vendors. Then again, perhaps people are opting to buy decorative items. © Sputnik / Sandeep DattaLight festival in India People decorate their houses on Diwali to welcome the Goddess Lakshmi and worship … [Read more...] about Photos: Millions Throng to Markets as Indians Prepare for Diwali, Its Biggest Light Festival
With Food Corporation of India granaries overflowing, the government is looking to liquidate its grain stocks to prevent damage and minimise the carrying cost in the country beyond the requirement. In fact, the Food Ministry wants the Ministry of External Affairs to look at the option of presenting the surplus grain stocks as “humanitarian aid to deserving countries”. Sources told The Indian Express: “The Department of Food and Public Distribution has requested the Ministry of External Affairs to explore the possibility of export of wheat and rice from the surplus stock available with FCI, through G2G (government-to-government) basis in the form of humanitarian aid to deserving countries.” Earlier this year, a committee of secretaries too recommended that the possibility of offering surplus stocks of wheat in the form of aid to deserving countries be explored in coordination with the MEA. The Ministry of Consumer Affairs, Food and Public Distribution had made … [Read more...] about Granaries overflowing, Food dept’s SOS to MEA: Send wheat, rice as aid to deserving countries
There could be a future where we eat incredible, sustainable, engineered foods—3D-printed or lab-grown meals, chemically optimized to unleash the perfect combination of flavor and nutrients to fit our bodies and our tastes. Better tasting hot dogs with harmful fats removed! Healthier snacks with accurate expiration dates! Or, we can continue on our present path, and Americans will keep eating the same foods we always have, including foods that make us sick and obese. If the United States would like a say in the future of food, the government and the people need to start paying attention to our food scientists. Take Karen Schaich, a Rutgers food science professor who studies the very nature of how food ages. Schaich observes how common foods like tortilla chips and peanut butter go rancid, and believes she’s found processes that cause food to spoil faster than we think. But she struggles to get this important research funded. She’s not the only one—American food … [Read more...] about American Food Science Is Broken