Sunday, September 27
The India Meteorological Department (IMD) has issued a warning of heavy rainfall across most parts of the country, citing favorable conditions for the monsoon. According to IMD scientist Naresh Kumar, two circulations have formed in Madhya Pradesh and northern Odisha, which are conducive to heavy rainfall.Alerts have been issued for central India and the western coast, indicating a high likelihood of heavy rainfall in these regions. Eastern Rajasthan is expected to experience heavy rainfall, with the IMD predicting significant downpours in the region.A circulation has formed in Madhya Pradesh, and another circulation has formed in northern Odisha and surrounding areas. All these conditions are very favourable for the monsoon. An orange or red alert is in place for almost the entire central
India may be subject to lower tariffs than many countries in the Asia Pacific, which could help the economy attract further investment and become a global manufacturing base, Moody's Ratings said on Thursday.In its outlook on Asia Pacific sovereigns, Moody's Ratings said many export-reliant APAC economies were hit with very high US tariffs in April.While negotiations will likely lead to some reduction in tariffs and other trade barriers on a bilateral basis, policy uncertainty is challenging investment decisions and disrupting trade.Uncertainty about trade policy and a potential overhaul of global trade have raised cyclical and possibly structural credit risks in APAC, it said, adding that economies like Vietnam and Cambodia, which benefited from a diversification of investment and manufac
The S&P 500 and the Nasdaq closed at record highs on Thursday after a stronger-than-expected U.S. jobs report, while Nvidia shares spiked and its valuation neared $4 trillion.Traders quickly priced out chances of an interest-rate cut in July, with the odds of a 25-basis-point reduction in September at 68%, according to CME Group's Fedwatch tool, down from 74% a week ago."We are seeing a real bout of irrational exuberance, the stock market is very biased towards optimism," said Kristina Hooper, Chief Market Strategist at Man Group in New York."But there's some basis for it. I think there is some level of relief, because the jobs report was not what could have been".Unofficially, the Dow Jones Industrial Average rose 344.11 points, or 0.77%, to 44,828.53, the S&P 500 rose 51.94 point
