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The Latest Breaking News from GDP

Weighing in on the National Research Foundation Bill

The budgetary allocation for the National Research Foundation should not be reduced

The Hindu

Stocks Climb Before the Open as Investors Await Key U.S. GDP Data, Meta Results Boost Sentiment

September S&P 500 futures (ESU23) are up +0.59%, and September Nasdaq 100 E-Mini futures (NQU23) are up +1.20% this morning after three major U.S. benchmark indices ended the regular session mixed as market participants digested Federal Reserve Chair Jerome Powell’s comments following the Fed’s widely expected 25 basis point rate…

Barchart

AVIXA Report: June Sales Growth Steady, Payroll Growth Stronger

Pro AV is settling into a level of modest growth, despite a weak European economy.

AVNetwork

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Shedding more light on the debt dilemma

Even when the sustainability of debt may not be threatened in the medium term, the costs of carrying high deficits and debt to the economy are heavy

The Hindu

Under Multiple Budget Scenarios, the Government's Numbers Still Don't Add Up

Balanced federal budgets aren’t even considered as a possibility.

Reason

IMF revises India’s GDP growth forecast to 6.1% for FY24

NEW DELHI: The International Monetary Fund (IMF) on Tuesday slightly upgraded its global growth outlook for this year on Tuesday, attributing it to resilient economic activity in the first quarter. However, the IMF also cautioned about persistent challenges that could dampen the medium-term outlook.

The Times of India

3 High-Value China Stocks to Get Your Hands on Today

Given the robust performance in the fiscal first half, China's economic prospects appear increasingly luminous. Furthermore, the nation is launching numerous initiatives to fortify its economic landscape. Hence, it could be wise to invest in robust China stocks Ping An Insurance (PNGAY), NetEase (NTES), and Vipshop Holdings (VIPS), trading at…

StockNews.com

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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

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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Barchart

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...

The Hindu

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.

Barchart

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...

Zenger

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.

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news in one place.

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Barchart

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.

The Guardian - UK

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

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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