Don’t blame Japan. Don’t be overwhelmed by the US job numbers. And, learn to live with the periodic exploits of a seemingly endless cast of zealous, mercurial characters in the Middle East. These are just good reasons and strong triggers, probably transient, for large sophisticated international investors to pull back from a market that most … Read more
It’s a July for the record books. State Street Global Advisors finds inflows into exchange-traded funds hit $127 billion. Not only was it the best July ever, but the firm’s head of SPDR Americas research notes it is also the second-largest monthly inflow ever. “Part of it is just the market,” Matt Bartolini told CNBC’s … Read more
A general view shows the skyline over the Central Business District in Beijing on February 28, 2023. Jade Gao | Afp | Getty Images BEIJING — China is not planning additional stimulus for the second half of the year, according to officials from the economic planning agency and finance ministry. The world’s second-largest economy grew … Read more
The lights of Frankfurt am Main’s banking skyline glow in the last light of day. Boris Roessler | Picture Alliance | Getty Images The euro zone’s economy grew by more than expected in the second quarter of 2024, flash figures from the European Union’s statistics office showed Tuesday. The zone’s gross domestic product rose by … Read more
The Imperial Towers twin towers residential skyscrapers and business district development in Tardeo South Mumbai, India. Tim Graham | Getty Images India “clearly has a problem” figuring out new drivers for its economic growth even as its economy expands at a fast pace, JPMorgan’s Jahangir Aziz said, following the country’s union budget. “If you look … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) on July 22, 2024 in New York City. Spencer Platt | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they … Read more
Nirmala Sitharaman, India’s finance minister, leaves the ministry to present the budget at the parliament in New Delhi, India, on July 23, 2024. Bloomberg | Bloomberg | Getty Images India’s government promised spending on job creation but also called for fiscal prudence as it announced its financial budget on Tuesday — the first since nationwide … Read more
A trader works on the floor of the New York Stock Exchange (NYSE) in New York City on July 22, 2024. Timothy A. Clary | AFP | Getty Images This report is from today’s CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, … Read more
Foreign investors injected Rs 30,772 crore into Indian equities so far this month, driven by hopes of continued policy reforms, sustained economic growth and a better-than-expected earnings season. Additionally, the anticipation of a reform-oriented budget has also lifted investor sentiment, Himanshu Srivastava, Associate Director – Manager Research at Morningstar Investment Research India, said. Going forward, … Read more
