Southwest Monsoon Hits Kerala, Says Skymet

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Southwest Monsoon Hits Kerala

Gold Silver Reports (GSR) – Southwest Monsoon Hits Kerala, Says Skymet — IMD’s main parameter to decide the arrival of monsoon is by measuring the rainfall in its available 14 stations. If 60 per cent of the available 14 stations — Minicoy, Amini, Thiruvananthapuram, Punalur, Kollam, Allapuzha, Kottayam, Kochi, Thrissur, Kozhikode, Thalassery, Kannur, Kudulu and Mangalore — report rainfall of 2.5 mm or more for two consecutive days after May 10, the onset of Monsoon over Kerala can be declared on the second day.               

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Trump-Kim Summit Looks to Be Back on Track with US and North Korean Officials Meeting in the DMZ

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Trump-Kim Summit Looks to Be Back on Track with US and North Korean Officials Meeting in the DMZ

Gold Silver Reports (GSR) – Trump-Kim Summit Looks to Be Back on Track with US and North Korean Officials Meeting in the DMZ — On Sunday, Trump confirmed officials from both countries are meeting in the Korean Demilitarized Zone. “Our United States team has arrived in North Korea to make arrangements for the Summit between Kim Jong Un and myself. I truly believe North Korea has brilliant potential and will be a great economic and financial Nation one day. Kim Jong Un agrees with me on this. It will happen!” Trump tweeted.

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India’s Correlation With Global Markets Approaches 10-Year Low

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Gold Silver Reports (GSR) – The disconnect is most pronounced in the bond market, where India’s 10-year yields have almost no correlation with a portfolio consisting of global sovereign debt. A shrinking correlation between financial markets in India and those in the rest of the world is one reason to buy its assets. The weighted average correlation of India’s currency, bonds and stocks with those in other global economies fell to 0.32 last month, approaching a more than 10-year low of 0.29 set in November. The reading was as high as 0.68 in 2010, data compiled by Bloomberg show. Global investment managers say this divergence provides them with an asset class that can smooth out returns in their portfolios.               

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