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The Latest Breaking News from GDP

Re-examine proposal to draw funding from private sector for National Research Foundation, say scientists

AIPSN demands Central govt re-examine proposal to privatise research funding. It calls for open scrutiny by scientific community, citing concerns of centralisation, lack of oversight and not addressing existing structural problems. It has launched signature campaign to remit NRF Bill to Parliamentary standing committee for assessment. AIPSN says Bill seeks…

The Hindu

Dilemmas of India’s great power ambitions

India’s ability to shape international politics must be a reflection of its domestic context, and its global engagement should be geared towards the well-being of its people

The Hindu

Flagship Brexit trade deal with Pacific has ‘no major economic gains for UK’

Top trade experts say conditions for hidden benefits claimed by Kemi Badenoch are ‘highly unlikely’

The Independent UK

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Western countries are making sensible bet on India, ‘a rising great power’, says Martin Wolf

India is indeed likely to be a rising “great power” and its economy will have the size similar to that of the U.S. by 2050, according to noted economics commentator Martin Wolf who has also highlighted that Western leaders are making a sensible bet on the country.

The Hindu

Australia's first wellbeing framework is about to measure what matters – but it's harder than counting GDP

In an implicit admission that the Commonwealth budget may not measure what really matters, Treasurer Jim Chalmers is about to release what he is calling “Measuring What Matters” – Australia’s first national wellbeing framework.

The Conversation

Stocks Close Higher on Lower Bond Yields and Positive Comments from Yellen

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Monday closed up +0.39%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed up +0.22%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.95%. Stocks Monday recovered from early losses and posted moderate...

Barchart

Will Weak Growth Prompt China to Boost Stimulus?

With China’s economy growing less than expected in Q2, calls have intensified for the government to expand stimulus measures to revive growth. Several investment banks cut their growth targets for China this year after today’s disappointing Q2 GDP report. The markets will look to a meeting later this month when...

Barchart

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Stocks See Support from Yellen Comments

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.14%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.08%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.33%. Stocks this morning shook off early losses and are...

Barchart

68 district collectors to be awarded for land record digitisation work

President Murmu to award Bhoomi Samman Award 2023 to 68 district collectors and 9 State Secretaries for achieving 100% digitisation of land records. This will reduce court cases, GDP loss and aid in efficient implementation of services. 94% digitisation achieved, aiming for 100% by March 31, 2024.

The Hindu

Markets Today: Disappointing Chinese Q2 GDP Weighs on Stocks

Morning Markets September E-Mini S&P 500 futures (ESU2 3) this morning are down -0.10%, and Sep Nasdaq 100 E-Mini futures (NQU2 3) are up +0.03%. U.S. stock index futures this morning are mixed, following losses in European and Chinese stocks, on global economic concerns after China’s Q2 GDP grew less...

Barchart

China’s Q2 GDP Growth Misses Expectations, Raises Concerns Of Slow Recovery

Chinese economy expands 6.3% YoY in Q2, falling short of economists' estimates, prompting calls for stimulus measures.

Zenger

Stocks Set to Open Lower as Investors Brace for Earnings Season, Chinese GDP Data Disappoints

September S&P 500 futures (ESU23) are down -0.14%, and September Nasdaq 100 E-Mini futures (NQU23) are down -0.03% this morning as market participants digested the latest economic data from China while looking ahead to a busy week of corporate earnings.

Barchart

Stocks Set to Open Mixed as Investors Brace for Earnings Season, Chinese GDP Data Disappoints

September S&P 500 futures (ESU23) are down -0.04%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.09% this morning as market participants digested the latest economic data from China while looking ahead to a busy week of corporate earnings.

Barchart

UK mortgage rates stabilise for first time since May; Rising interest rates knock £2.1tn off household wealth – as it happened

UK mortgage rates held steady today, as a new report shows that rising interest rates have reversed rise in household wealth

The Guardian - UK

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Evening Standard

FTSE 100 Live: China GDP stokes growth worries, mining stocks struggle

China’s lacklusrte GDP performance today put pressure on global stock markets.

The Guardian - AU

China GDP growth falls short of expectations as sinking property prices hit economy

Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first three months of 2023

Bangkok Post

Thailand affirmed at BBB+, outlook stable

Fitch Ratings has affirmed Thailand's long-term foreign-currency issuer default rating (IDR) at BBB+ with a stable outlook. Among the key ratings drivers are:

Fortune

Jeremy Siegel says we are in a 'Goldilocks economy' and the Fed doesn't need to raise interest rates anymore

“It’s a Goldilocks economy—strong economic growth and falling inflation,” the veteran market watcher told CNBC Friday.

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The Hindu

Agri & allied sector contribution to GDP can further rise by strengthening marketing; FPOs are key: Amit Shah

Coop. Min. Shah urges FPOs, PACS to work in hybrid model to enhance GDP, create jobs. FPOs can link to PACs to provide services to members, share info, marketing & profit. Modi govt. has increased budget, MSP & strengthened procurement ops. to boost farmers' income.

Bangkok Post

Delay poses risks to the economy

The University of the Thai Chamber of Commerce (UTCC) expects a prolonged delay in the selection of a prime minister and formation of a new government, leading to protests that, if violent, will significantly affect tourism revenue, causing a loss of 500 billion baht, or a one percentage point decline…

The Guardian - UK

Fast-rising borrowing costs putting UK public finances at great risk, warns OBR

Gloomy report says national debt could exceed 300% of GDP within next 50 years

The Guardian - UK

UK GDP: mortgage payers’ worst fears are likely to come true

Cycle of interest rate rises are expected to continue after better than forecast economic data

Evening Standard

FTSE 100 Live: UK GDP down by 0.1% as sterling tops $1.30, shares climb

Burberry has revealed a strong start to its financial year as the luxury goods group sees a surge in demand from Chinese consumers.

The National (Scotland)

Rishi Sunak's key pledge dealt a blow as UK economy shrinks

RISHI Sunak’s core pledge to “grow the economy” has been dealt a blow after the latest statistics showed the UK economy contracted over the…

The Guardian - UK

Pound hits 15-month high as UK GDP shrinks in May; sickness threat to economy – business live

UK GDP report for May shows that factory output and construction shrank during the month, with some blaming extra bank holiday

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