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The Latest Breaking News from GDP

Stocks Set to Open Slightly Higher as Investors Await U.S. Payrolls Data and More Big Tech Earnings

September S&P 500 futures (ESU23) are up +0.07%, and September Nasdaq 100 E-Mini futures (NQU23) are up +0.03% this morning as market participants geared up for more corporate earnings results while also looking ahead to Friday’s nonfarm payrolls report.

Barchart

UK mortgage approvals jump unexpectedly; eurozone returns to growth as inflation falls – as it happened

UK mortgage approvals rise to eight-month high in June, while eurozone GDP rises after narrowly avoiding winter recession

The Guardian - UK

China's Great Leap Backward

The Chinese century is over. Facing upside-down demographic and economic trends, China is heading off the cliff

Salon

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US GDP Expands At Booming 2.4% In Q2, Beating Estimates On Heels Of Latest Fed Rate Hike

The American economy expanded at an annualized rate of 2.4% in the second quarter of 2023

Zenger

S&P Futures Climb Ahead of Key U.S. Inflation Data, Intel Surges on Upbeat Earnings

September S&P 500 futures (ESU23) are trending up +0.46% this morning as market participants braced for a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

S&P Futures Tick Higher Ahead of Key U.S. Inflation Data, Intel Surges on Upbeat Earnings

September S&P 500 futures (ESU23) are trending up +0.35% this morning as market participants braced for a reading on the Federal Reserve’s preferred inflation gauge.

Barchart

Dollar Rallies on Signs of U.S. Economic Strength

The dollar index (DXY00 ) Thursday recovered from early losses and finished up by +0.90% at a 2-week high. Stronger-than-expected U.S. economic news today on Q2 GDP, weekly jobless claims, and Jun pending home sales boosted T-note yields and supported the dollar. Also, weakness in the euro was bullish for...

Barchart

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After a 13-Day Winning Streak, the Dow Jones Moves Lower

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is down -0.51%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is down -0.59%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is down -0.46%. Stocks have given back their morning gains and are...

Barchart

After a 13-Day Winning Streak, the Dow Jones Move Lower

Barchart

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

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

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The Times of India

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.

StockNews.com

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…

The Hindu

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

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The Independent UK

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 Hindu

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 Conversation

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.

Barchart

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

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.

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