The Nasdaq led the rally among Wall Street’s main indexes as major rate-sensitive technology and growth stocks advanced after the Federal Reserve hinted it was close to pausing interest rate hikes amid turbulence in the banking sector.
Global Economic
Global Economic – The global economy is the worldwide system of trade, production, and finance that connects countries. It involves the exchange of goods, services, and money across borders, driven by businesses, governments, and consumers. This system shapes jobs, wealth, and growth everywhere.
U.S. Jobs Data Take on Added Importance
Gold Silver Reports >~ With Federal Reserve policy makers having already moved forward with their first interest-rate increase in almost a decade, Friday’s U.S. jobs report takes on elevated importance for a different reason.
Centre Govt Will sanction Rs. 30 Lacs; Agricultural market
Gold Silver Reports – India is moving ahead with the reforms in online agri markets with the aid of technology. The Narendra Modi government is planning to launch new software to enable E-connectivity of Agricultural markets in the country.
India Market To Lead South Asian Economy
Gold Silver Reports – Narendra Modi Government have another reason to boast of their governance as the latest World Bank report forecasts faster growth rate for India in FY 2016-17. The report says the South Asia region, led by India, is projected to be a bright spot.
Interest Rate Cut Bets May Be off if Government
Interest rate cut bets may be off if government dithers on deficit https://t.co/BmI5alNHIe pic.twitter.com/brVAt2KVuY — EconomicTimes (@EconomicTimes) January 6, 2016
Wall Street Entered The 2nd day of Trading of 2016
Gold Silver Reports >>> Wall Street entered the second day of trading of 2016 on the defensive as investors still reeled from a global stock sell-off Monday and evaluated the most recent steps taken by Chinese authorities to stabilize markets and reduce jitters.
Overnight, shares in mainland China stabilized with the help once again from government intervention in markets a day after a 7% plunge prompted an early halt to trading in what was the worst start to the year ever for China stocks.
Rupee Bonds Cheaper Than Loans
Gold Silver Reports >>> Rupee bond issuance will probably rise to a record this year as notes offer companies savings of as much as 1 percentage point over loans.
Offerings will range between 4 trillion rupees ($60 billion) and 4.5 trillion rupees in 2016, according to nine of 20 bankers surveyed by Bloomberg. Six respondents predicted even higher sales and five forecast lower. ONGC Mangalore Petrochemicals Ltd., a project by India’s biggest energy explorer, is planning a debut sale, while mortgage lender Housing Development Finance Corp. is looking to raise at least 5 billion rupees.