Higher inflation: more bad news for India
India’s economy (EPI, quote) took another turn for the worse this week when data released yesterday indicated a rise in consumer prices, bucking a trend of decreasing inflation.
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India’s economy (EPI, quote) took another turn for the worse this week when data released yesterday indicated a rise in consumer prices, bucking a trend of decreasing inflation.
If you’re starting to feel like Bill Murray in Groundhog Day, you’re not alone. Once again U.S. futures indicate a lower open on worries about euro zone political turbulence and debt problems driving trader sentiment.
Europe’s future continues to put pressure on global markets from Asia to the U.S. European markets are in the red once again in morning trading with the CAC 40 being hit the hardest by -1.91% followed by renewed fears in Italy, which is down by -1.77%.
Ratings agency Standard and Poor’s has cut India’s credit outlook to negative over multiple structural concerns plaguing India’s economy.
The heaviest weighted stock in India has plunged nearly 16% since its earnings spooked global traders on Friday. Despite the carnage, reaction from analysts and ETF investors has been muted — revealing that the selling may have gone more than a little too far.
Now that there are two broad exchange-traded funds out there that track emerging markets consumer choices, traders need to make a strategic choice of their own: bet on drinkers or bet on drivers.
Investors who profit the most do so by “getting in early and staying late” no matter what the asset class, and this is as true for emerging market stocks as it is for real estate and vintage automobiles.
Reports on global manufacturing are in for the month of March, and the overall trend is weak.