“We might also see some change in corporate tax rates along with lowering tax rates for certain categories of individuals to boost consumption,” says Samir Bahl, CEO – Investment Banking, Anand Rathi Advisors. In an interview with ETMarkets, Bahl said: “Government might provide more aid to MSMEs through schemes for supply chain development, manufacturing facilities … Read more
Asian stocks and currencies advanced on Thursday after the double-whammy of a Federal Reserve rate decision and US consumer price data. Equities and dollar-denominated bonds are seen benefiting, even if the bullish inflation reading was tempered by Fed officials pulling back their rate cut forecasts for the year, according to strategists. Currencies like the rupiah … Read more
The S&P 500 and the Nasdaq scored record closing highs for the third consecutive session on Wednesday and U.S. Treasury yields pared earlier declines as investors weighed a market-pleasing inflation report against lowered interest rate cut expectations. The dollar shed some weakness after the U.S. Federal Reserve concluded its two-day policy meeting by leaving interest … Read more
